First Liberty Bank Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 5493005WCUTOOZMTV053
Tax ID: 73-0351620
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Bank Data
Review & Overview
First Liberty Bank is a smaller bank specializing in Home Purchase and Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Dallas, Bozeman, Duncan, and Houston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)First Liberty Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 12/16/24 |
| 30 Year Conventional Refi | 6.40% | 12/16/24 |
| 30 Year Cash-out Refi | 6.74% | 12/16/24 |
| 30 Year FHA Purchase | 7.36% | 12/16/24 |
| 30 Year VA Purchase | 6.63% | 12/16/24 |
| 15 Year Conventional Purchase | 7.41% | 12/16/24 |
| 15 Year Conventional Refi | 6.00% | 12/16/24 |
| 15 Year Cash-out Refi | 6.00% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Liberty Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
212Origination Dollar Volume (All Markets)
$46,410,000Employee count
64Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 184 | $37,400,000 | $203,261 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $4,935,000 | $290,294 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Elko, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $230,000 | $115,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Liberty Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, First Liberty Bank's most frequently originated type of loan was Conventional, with 196 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2018, First Liberty Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $46,410,000 | $218,915 | $0 | 0.00% |
For 2018, First Liberty Bank's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2018 saw First Liberty Bank place emphasis on $100,000 or less loans with 81 originations, totaling $5,445,000 in origination value.
Applicant Income
First Liberty Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $46,410,000 | $218,915 | $0 | 0.00% |
First Liberty Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.31%
First Liberty Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.09%
First Liberty Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $46,410,000 | $218,915 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $5,025,000 | $1,005,000 |
| Single Family (1-4 Units):Site-Built | 207 | $41,385,000 | $199,928 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Liberty Bank | 3400 24th Ave Nw Norman, OK 73069 | Full Service B&M | $3,971 |
| First Liberty Bank | 9601 N. May Avenue Oklahoma City, OK 73120 | Full Service B&M | $353,578 |
For 2018, First Liberty Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $19,930 |
| Net interest income | $15,606 |
| Total noninterest income | $1,395 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $265 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,130 |
| Pre-tax net operating income | $4,435 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,358 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,358 |
| Minority interest net income | $0 |
| Net income | $3,358 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,358 |
First Liberty Bank's gross interest income from loans was $19,930,000.
First Liberty Bank's net interest income from loans was $15,606,000.
First Liberty Bank's fee based income from loans was $265,000.
First Liberty Bank's net income from loans was $3,358,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,324 |
| Provision for credit losses | $1,040 |
| Total noninterest expense | $11,526 |
| Salaries and employee benefits | $7,321 |
| Premises and equipment expense | $680 |
| Additional noninterest expense | $3,525 |
| Applicable income taxes | $1,077 |
| Net charge-offs | $377 |
| Cash dividends | $734 |
First Liberty Bank's interest expense for loans was $4,324,000.
First Liberty Bank's payroll and benefits expense were $7,321,000.
First Liberty Bank's property, plant and equipment expenses $680,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $384,441 |
| Deposits held in domestic offices | $384,441 |
| Deposits by Individuals, partnerships, and corporations | $302,996 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $24,646 |
| Deposits by Commercial banks and other depository institutions in U.S. | $56,800 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $80,724 |
| Demand deposits | $70,637 |
| Nontransaction accounts | $303,718 |
| Money market deposit accounts (MMDAs) | $98,813 |
| Other savings deposits (excluding MMDAs) | $324 |
| Total time deposits | $204,580 |
| Total time and savings deposits | $313,805 |
| Noninterest-bearing deposits | $61,527 |
| Interest-bearing deposits | $322,914 |
| Retail deposits | $312,833 |
| IRAs and Keogh plan accounts | $5,019 |
| Brokered deposits | $34,055 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $422,989 |
| Cash & Balances due from depository institutions | $5,601 |
| Interest-bearing balances | $1,980 |
| Total securities | $9,584 |
| Federal funds sold & reverse repurchase | $30,636 |
| Net loans and leases | $354,195 |
| Loan and leases loss allowance | $4,883 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,810 |
| Other real estate owned | $339 |
| Goodwill and other intangibles | $163 |
| All other assets | $13,661 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $422,988 |
| Total Liabilities | $386,485 |
| Total deposits | $384,441 |
| Interest-bearing deposits | $322,914 |
| Deposits held in domestic offices | $384,441 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,044 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $354,195 |
| Loan and leases loss allowance | $4,883 |
| Total loans and leases (domestic) | $359,078 |
| All real estate loans | $238,321 |
| Real estate loans in domestic offices | $238,321 |
| Construction and development loans | $64,841 |
| Residential 1-4 family construction | $9,574 |
| Other construction, all land development and other land | $55,267 |
| Loans secured by nonfarm nonresidential properties | $94,577 |
| Nonfarm nonresidential secured by owner-occupied properties | $21,431 |
| Commercial real estate & other non-farm, non-residential | $73,146 |
| Multifamily residential real estate | $2,752 |
| 1-4 family residential loans | $74,236 |
| Farmland loans | $1,915 |
| Loans held in foreign offices | $0 |
| Farm loans | $530 |
| Commercial and industrial loans | $119,269 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $925 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $201 |
| Other loans to individuals | $724 |
| All other loans & leases | $32 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $32 |
| 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 | $107 |
| Non 1-4 family restructured loans & leases | $107 |
| Total loans and leases (foreign) | $0 |
First Liberty Bank had $354,195,000 of loans outstanding in 2018. $238,321,000 of loans were in real estate loans. $64,841,000 of loans were in development loans. $2,752,000 of loans were in multifamily mortgage loans. $74,236,000 of loans were in 1-4 family mortgage loans. $530,000 of loans were in farm loans. $0 of loans were in credit card loans. $201,000 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 | 61 | $18,545 | $304,016 |
| Nonfarm, nonresidential loans - <$100k | 5 | $245 | $49,000 |
| Nonfarm, nonresidential loans - $100-250k | 17 | $2,123 | $124,882 |
| Nonfarm, nonresidential loans - $250k-1MM | 39 | $16,177 | $414,795 |
| Commercial & Industrial, US addressed loans - <$1MM | 334 | $56,669 | $169,668 |
| Commercial & Industrial, US addressed loans - <$100k | 125 | $4,323 | $34,584 |
| Commercial & Industrial, US addressed loans - $100-250k | 82 | $9,787 | $119,354 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 127 | $42,559 | $335,110 |
| Farmland loans - <$1MM | 4 | $336 | $84,000 |
| Farmland loans - <$100k | 2 | $44 | $22,000 |
| Farmland loans - $100-250k | 1 | $104 | $104,000 |
| Farmland loans - $250k-1MM | 1 | $188 | $188,000 |
| Agriculture operations loans - <$1MM | 1 | $108 | $108,000 |
| Agriculture operations loans - $100-250k | 1 | $108 | $108,000 |