First Liberty Bank Mortgage Rates, Fees & Info
Oklahoma City, OK
LEI: 5493005WCUTOOZMTV053
Tax ID: 73-0351620
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Mortgage Data
Bank Data
Overview
First Liberty Bank is a
smaller
bank
specializing in
Home Purchase
loans.
First Liberty Bank has a high proportion of conventional loans.
They have a a low proportion of FHA loans. (This may mean they shy away from
first time homebuyers.)
Their top markets include Oklahoma City, Los Angeles, Dallas, Tulsa, and Houston among others. First Liberty Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
561
Origination Dollar Volume (All Markets)
$137,835,000
Employee count
70
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
OKLAHOMA CITY, OK (FHA|USDA|VA)
|
492
|
$113,050,000 |
$229,776 |
$0 |
0.00% |
|
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)
|
1
|
$6,255,000 |
$6,255,000 |
$0 |
0.00% |
|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
15
|
$5,125,000 |
$341,667 |
$0 |
0.00% |
|
TULSA, OK (FHA|USDA|VA)
|
7
|
$2,665,000 |
$380,714 |
$0 |
0.00% |
|
Outside of Metro Areas
|
8 |
$1,490,000 |
$186,250 |
$0 |
0.00% |
|
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)
|
5
|
$1,435,000 |
$287,000 |
$0 |
0.00% |
|
Shawnee, OK (FHA|USDA|VA)
|
8
|
$1,330,000 |
$166,250 |
$0 |
0.00% |
|
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)
|
2
|
$560,000 |
$280,000 |
$0 |
0.00% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$0 |
0.00% |
|
MIDLAND, TX (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$0 |
0.00% |
|
Stillwater, OK (FHA|USDA|VA)
|
3
|
$535,000 |
$178,333 |
$0 |
0.00% |
|
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)
|
1
|
$535,000 |
$535,000 |
$0 |
0.00% |
|
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)
|
1
|
$475,000 |
$475,000 |
$0 |
0.00% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
1
|
$455,000 |
$455,000 |
$0 |
0.00% |
|
JACKSONVILLE, FL (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$0 |
0.00% |
|
RALEIGH-CARY, NC (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$0 |
0.00% |
|
YUMA, AZ (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$0 |
0.00% |
|
McAlester, OK (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$0 |
0.00% |
|
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$0 |
0.00% |
|
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$0 |
0.00% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
0.00% |
|
FLAGSTAFF, AZ (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$0 |
0.00% |
|
FORT SMITH, AR-OK (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$0 |
0.00% |
|
PITTSBURGH, PA (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$0 |
0.00% |
|
COLUMBUS, OH (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$0 |
0.00% |
|
Norwalk, OH (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$0 |
0.00% |
|
Altus, OK (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$0 |
0.00% |
|
Marinette, WI-MI (FHA|USDA|VA)
|
1
|
$75,000 |
$75,000 |
$0 |
0.00% |
|
Weatherford, OK (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$0 |
0.00% |
First Liberty Bank's top markets include Oklahoma City, Los Angeles, Dallas, Tulsa, and Houston among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
518 |
$125,540,000 |
$242,355 |
$0 |
0.00% |
| FHA |
24 |
$5,500,000 |
$229,167 |
$0 |
0.00% |
| VA |
19 |
$6,795,000 |
$357,632 |
$0 |
0.00% |
For the 2021 period, First Liberty Bank's most frequently
originated loan type
of loans were Conventional, with 518 originations.
Their 2nd most popular type is FHA,
with 24 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
373 |
$92,115,000 |
$246,957 |
$0 |
0.00% |
| Cash Out Refi |
131 |
$26,795,000 |
$204,542 |
$0 |
0.00% |
| Refi |
50 |
$18,260,000 |
$365,200 |
$0 |
0.00% |
| Home Improvement |
5 |
$465,000 |
$93,000 |
$0 |
0.00% |
| Other |
2 |
$200,000 |
$100,000 |
$0 |
0.00% |
For the 2021, First Liberty Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 373
originations.
The 2nd most popular reason of loans were Cash Out Refi,
with 131 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
561 |
$137,835,000 |
$245,695 |
$0 |
0.00% |
For the 2021, First Liberty Bank's most frequently cited loan
length
of loans were Other, with 561 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
210 |
$30,250,000 |
$144,048 |
$0 |
0.00% |
| $200k-400k |
168 |
$46,370,000 |
$276,012 |
$0 |
0.00% |
| $100,000 or less |
106 |
$8,070,000 |
$76,132 |
$0 |
0.00% |
| $400k-600k |
59 |
$29,295,000 |
$496,525 |
$0 |
0.00% |
| $600k-1MM |
10 |
$7,490,000 |
$749,000 |
$0 |
0.00% |
| $1MM+ |
8 |
$16,360,000 |
$2,045,000 |
$0 |
0.00% |
2021 saw First Liberty Bank place emphasis on
$100k-200k loans
with 210 originations, totaling
$30,250,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
90 |
$22,150,000 |
$246,111 |
$0 |
0.00% |
| $50k-75k |
74 |
$14,980,000 |
$202,432 |
$0 |
0.00% |
| $250k+ |
70 |
$30,920,000 |
$441,714 |
$0 |
0.00% |
| $150k-250k |
67 |
$20,015,000 |
$298,731 |
$0 |
0.00% |
| $75k-100k |
60 |
$12,460,000 |
$207,667 |
$0 |
0.00% |
| $50k or less |
38 |
$5,370,000 |
$141,316 |
$0 |
0.00% |
First Liberty Bank lent most frequently to those with incomes in the
$100k-150k range, with
90 originations.
The second most popular income band? $50k-75k,
with 74 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
561 |
$137,835,000 |
$245,695 |
$0 |
0.00% |
First Liberty Bank lent most frequently to those with DTI ratios
of Exempt%, with
561 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
313 |
$89,845,000 |
$287,045 |
$0 |
0.00% |
| Not applicable |
156 |
$29,720,000 |
$190,513 |
$0 |
0.00% |
| Not provided |
29 |
$6,905,000 |
$238,103 |
$0 |
0.00% |
| Asian |
26 |
$4,640,000 |
$178,462 |
$0 |
0.00% |
| Black |
17 |
$3,325,000 |
$195,588 |
$0 |
0.00% |
| American Indian |
15 |
$2,585,000 |
$172,333 |
$0 |
0.00% |
| Native Hawaiian |
3 |
$395,000 |
$131,667 |
$0 |
0.00% |
| Asian Indian |
1 |
$305,000 |
$305,000 |
$0 |
0.00% |
| Chinese |
1 |
$115,000 |
$115,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
93.51%
First Liberty Bank has an average approval rate.
Pick Rate
Approvals leading to origination
82.18%
First Liberty Bank has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
561 |
$137,835,000 |
$245,695 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
561 |
$137,835,000 |
$245,695 |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| FIRST HORIZON BANK |
Other type of mortgage |
Trouble during payment process |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Struggling to pay mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
6 |
17.6% |
| FIRST HORIZON BANK |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Other type of mortgage |
Closing on a mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
VA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Closing on a mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Struggling to pay mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Trouble during payment process |
10 |
29.4% |
| FIRST HORIZON BANK |
FHA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Closing on a mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Trouble during payment process |
2 |
5.9% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First Liberty Bank |
3500 24th Ave Nw Norman, OK 73069 |
Full Service B&M
|
$20,931 |
| First Liberty Bank |
9601 N. May Avenue Oklahoma City, OK 73120 |
Full Service B&M
|
$449,896 |
For 2021, First Liberty Bank had 2 branches.
Yearly Performance Overview
Bank Income
First Liberty Bank's gross interest income from loans was $22,580,000.
First Liberty Bank's net interest income from loans was $19,681,000.
First Liberty Bank's fee based income from loans was $162,000.
First Liberty Bank's net income from loans was $6,033,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,899 |
| Provision for credit losses |
$750 |
| Total noninterest expense |
$15,054 |
| Salaries and employee benefits |
$9,909 |
| Premises and equipment expense |
$1,092 |
| Additional noninterest expense |
$4,053 |
| Applicable income taxes |
$2,228 |
| Net charge-offs |
$132 |
| Cash dividends |
$1,997 |
First Liberty Bank's interest expense for loans was $2,899,000.
First Liberty Bank's payroll and benefits expense were $9,909,000.
First Liberty Bank's property, plant and equipment expenses $1,092,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$478,542 |
| Deposits held in domestic offices |
$478,542 |
| Deposits by Individuals, partnerships, and corporations |
$413,906 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$40,666 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$23,969 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$200,130 |
| Demand deposits |
$186,367 |
| Nontransaction accounts |
$278,411 |
| Money market deposit accounts (MMDAs) |
$130,960 |
| Other savings deposits (excluding MMDAs) |
$2,361 |
| Total time deposits |
$145,088 |
| Total time and savings deposits |
$292,174 |
| Noninterest-bearing deposits |
$142,050 |
| Interest-bearing deposits |
$336,492 |
| Retail deposits |
$430,558 |
| IRAs and Keogh plan accounts |
$5,352 |
| Brokered deposits |
$15,465 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$550,388 |
| Cash & Balances due from depository institutions |
$57,632 |
| Interest-bearing balances |
$55,673 |
| Total securities |
$31,101 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$426,350 |
| Loan and leases loss allowance |
$6,340 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$14,479 |
| Other real estate owned |
$216 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$20,610 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$550,388 |
| Total Liabilities |
$491,294 |
| Total deposits |
$478,542 |
| Interest-bearing deposits |
$336,492 |
| Deposits held in domestic offices |
$478,542 |
| % insured (estimated) |
$75 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$9,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$3,752 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$426,350 |
| Loan and leases loss allowance |
$6,340 |
| Total loans and leases (domestic) |
$432,690 |
| All real estate loans |
$291,536 |
| Real estate loans in domestic offices |
$291,536 |
| Construction and development loans |
$38,181 |
| Residential 1-4 family construction |
$7,757 |
| Other construction, all land development and other land |
$30,424 |
| Loans secured by nonfarm nonresidential properties |
$140,986 |
| Nonfarm nonresidential secured by owner-occupied properties |
$28,600 |
| Commercial real estate & other non-farm, non-residential |
$112,386 |
| Multifamily residential real estate |
$11,406 |
| 1-4 family residential loans |
$100,737 |
| Farmland loans |
$226 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$812 |
| Commercial and industrial loans |
$139,405 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$937 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$220 |
| Other loans to individuals |
$717 |
| All other loans & leases |
$0 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$0 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
First Liberty Bank had $426,350,000 of loans outstanding in 2021. $291,536,000 of loans were in real estate loans.
$38,181,000 of loans were in development loans. $11,406,000 of loans were in multifamily mortgage loans.
$100,737,000 of loans were in 1-4 family mortgage loans. $812,000 of loans were in farm loans. $0
of loans were in credit card loans. $220,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
73 |
$25,372 |
$347,562 |
| Nonfarm, nonresidential loans - <$100k |
4 |
$275 |
$68,750 |
| Nonfarm, nonresidential loans - $100-250k |
22 |
$2,776 |
$126,182 |
| Nonfarm, nonresidential loans - $250k-1MM |
47 |
$22,321 |
$474,915 |
| Commercial & Industrial, US addressed loans - <$1MM |
482 |
$62,899 |
$130,496 |
| Commercial & Industrial, US addressed loans - <$100k |
246 |
$7,033 |
$28,589 |
| Commercial & Industrial, US addressed loans - $100-250k |
95 |
$11,338 |
$119,347 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
141 |
$44,528 |
$315,801 |
| Farmland loans - <$1MM |
2 |
$226 |
$113,000 |
| Farmland loans - $100-250k |
1 |
$67 |
$67,000 |
| Farmland loans - $250k-1MM |
1 |
$159 |
$159,000 |
| Agriculture operations loans - <$1MM |
2 |
$262 |
$131,000 |
| Agriculture operations loans - $100-250k |
2 |
$262 |
$131,000 |
