Liberty National Bank Mortgage Rates, Fees & Info
Ada, OHLEI: 5493008X303QT73TU753
Tax ID: 34-4173465
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Liberty National Bank is a smaller bank specializing in Home Purchase and Refi loans. Liberty National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Bellefontaine, Lima, Monroe, and Dayton among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Liberty National Bank has an 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
149Origination Dollar Volume (All Markets)
$26,445,000Employee count
68Top 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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 28 | $7,390,000 | $263,929 | $0 | 0.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 40 | $6,830,000 | $170,750 | $0 | 0.00% |
| Outside of Metro Areas | 39 | $3,975,000 | $101,923 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 24 | $2,660,000 | $110,833 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $2,215,000 | $2,215,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Liberty National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 224
Similarity Rank: 306
Similarity Rank: 360
Similarity Rank: 420
Similarity Rank: 420
Similarity Rank: 728
Similarity Rank: 768
Similarity Rank: 820
Similarity Rank: 870
Similarity Rank: 935
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $26,090,000 | $178,699 | $0 | 0.00% |
| USDA | 3 | $355,000 | $118,333 | $0 | 0.00% |
For 2018, Liberty National Bank's most frequently originated type of loan was Conventional, with 146 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2018, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $26,445,000 | $177,483 | $0 | 0.00% |
For 2018, Liberty National Bank's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2018 saw Liberty National Bank place emphasis on $100,000 or less loans with 63 originations, totaling $4,045,000 in origination value.
Applicant Income
Liberty National Bank lent most frequently to those with incomes in the $50k or less range, with 40 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% | 149 | $26,445,000 | $177,483 | $0 | 0.00% |
Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.59%
Liberty National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination77.85%
Liberty National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 149 | $26,445,000 | $177,483 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Liberty Home Equity Solutions, Inc. | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Liberty Home Equity Solutions, Inc. | Reverse mortgage | Struggling to pay mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Liberty National Bank | 1120 North Main Street Bellefontaine, OH 43311 | Full Service B&M | $66,801 |
| Liberty National Bank | 118 South Main Street Ada, OH 45810 | Full Service B&M | $107,986 |
| Liberty National Bank | 1454 South Main Street Bellefontaine, OH 43311 | Full Service B&M | $13,009 |
| Liberty National Bank | 160 Coleman S Crossing Boulevard Marysville, OH 43040 | Full Service B&M | $17,593 |
| Liberty National Bank | 33 S Cleveland Ave Westerville, OH 43081 | Full Service B&M | $2,339 |
| Liberty National Bank | Main And Franklin Streets Kenton, OH 43326 | Full Service B&M | $80,939 |
For 2018, Liberty National Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $14,448 |
| Net interest income | $12,716 |
| Total noninterest income | $1,245 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $373 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $872 |
| Pre-tax net operating income | $4,561 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,722 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,722 |
| Minority interest net income | $0 |
| Net income | $3,722 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,722 |
Liberty National Bank's gross interest income from loans was $14,448,000.
Liberty National Bank's net interest income from loans was $12,716,000.
Liberty National Bank's fee based income from loans was $373,000.
Liberty National Bank's net income from loans was $3,722,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,732 |
| Provision for credit losses | $600 |
| Total noninterest expense | $8,800 |
| Salaries and employee benefits | $4,576 |
| Premises and equipment expense | $1,597 |
| Additional noninterest expense | $2,627 |
| Applicable income taxes | $839 |
| Net charge-offs | $531 |
| Cash dividends | $944 |
Liberty National Bank's interest expense for loans was $1,732,000.
Liberty National Bank's payroll and benefits expense were $4,576,000.
Liberty National Bank's property, plant and equipment expenses $1,597,000.
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 | $277,067 |
| Deposits held in domestic offices | $277,067 |
| Deposits by Individuals, partnerships, and corporations | $223,081 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $53,370 |
| Deposits by Commercial banks and other depository institutions in U.S. | $616 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $91,739 |
| Demand deposits | $74,299 |
| Nontransaction accounts | $185,328 |
| Money market deposit accounts (MMDAs) | $74,693 |
| Other savings deposits (excluding MMDAs) | $31,500 |
| Total time deposits | $79,135 |
| Total time and savings deposits | $202,768 |
| Noninterest-bearing deposits | $71,334 |
| Interest-bearing deposits | $205,733 |
| Retail deposits | $239,308 |
| IRAs and Keogh plan accounts | $3,092 |
| Brokered deposits | $21,973 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $338,945 |
| Cash & Balances due from depository institutions | $4,812 |
| Interest-bearing balances | $144 |
| Total securities | $48,616 |
| Federal funds sold & reverse repurchase | $4,703 |
| Net loans and leases | $264,552 |
| Loan and leases loss allowance | $2,428 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,880 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,739 |
| All other assets | $9,643 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $338,945 |
| Total Liabilities | $295,150 |
| Total deposits | $277,067 |
| Interest-bearing deposits | $205,733 |
| Deposits held in domestic offices | $277,067 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,083 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $264,552 |
| Loan and leases loss allowance | $2,428 |
| Total loans and leases (domestic) | $266,980 |
| All real estate loans | $220,440 |
| Real estate loans in domestic offices | $220,440 |
| Construction and development loans | $17,945 |
| Residential 1-4 family construction | $1,622 |
| Other construction, all land development and other land | $16,323 |
| Loans secured by nonfarm nonresidential properties | $109,987 |
| Nonfarm nonresidential secured by owner-occupied properties | $44,169 |
| Commercial real estate & other non-farm, non-residential | $65,818 |
| Multifamily residential real estate | $14,096 |
| 1-4 family residential loans | $57,792 |
| Farmland loans | $20,620 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,708 |
| Commercial and industrial loans | $34,262 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $848 |
| Credit card loans | $0 |
| Related Plans | $13 |
| Consumer Auto Loans | $251 |
| Other loans to individuals | $584 |
| All other loans & leases | $2,727 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,805 |
| 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 |
Liberty National Bank had $264,552,000 of loans outstanding in 2018. $220,440,000 of loans were in real estate loans. $17,945,000 of loans were in development loans. $14,096,000 of loans were in multifamily mortgage loans. $57,792,000 of loans were in 1-4 family mortgage loans. $8,708,000 of loans were in farm loans. $0 of loans were in credit card loans. $251,000 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 | 165 | $40,891 | $247,824 |
| Nonfarm, nonresidential loans - <$100k | 39 | $1,457 | $37,359 |
| Nonfarm, nonresidential loans - $100-250k | 51 | $6,178 | $121,137 |
| Nonfarm, nonresidential loans - $250k-1MM | 75 | $33,256 | $443,413 |
| Commercial & Industrial, US addressed loans - <$1MM | 89 | $9,536 | $107,146 |
| Commercial & Industrial, US addressed loans - <$100k | 47 | $1,433 | $30,489 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $1,774 | $88,700 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 22 | $6,329 | $287,682 |
| Farmland loans - <$1MM | 56 | $7,680 | $137,143 |
| Farmland loans - <$100k | 16 | $630 | $39,375 |
| Farmland loans - $100-250k | 23 | $2,809 | $122,130 |
| Farmland loans - $250k-1MM | 17 | $4,241 | $249,471 |
| Agriculture operations loans - <$1MM | 32 | $2,253 | $70,406 |
| Agriculture operations loans - <$100k | 20 | $673 | $33,650 |
| Agriculture operations loans - $100-250k | 11 | $1,341 | $121,909 |
| Agriculture operations loans - $250k-1MM | 1 | $239 | $239,000 |