Liberty National Bank Mortgage Rates, Fees & Info
Ada, OHLEI: 5493008X303QT73TU753
Tax ID: 34-4173465
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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, Marion, and Wapakoneta among others. We have data for 16 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.
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Originations
151Origination Dollar Volume (All Markets)
$28,065,000Employee count
72Top 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) | 29 | $12,525,000 | $431,897 | $0 | 0.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 36 | $5,800,000 | $161,111 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $3,765,000 | $101,757 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 22 | $2,170,000 | $98,636 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $0 | 0.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Van Wert, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 150 | $28,000,000 | $186,667 | $0 | 0.00% |
| USDA | 1 | $65,000 | $65,000 | $0 | 0.00% |
For 2019, Liberty National Bank's most frequently originated type of loan was Conventional, with 150 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $28,065,000 | $185,861 | $0 | 0.00% |
For 2019, Liberty National Bank's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2019 saw Liberty National Bank place emphasis on $100,000 or less loans with 55 originations, totaling $3,735,000 in origination value.
Applicant Income
Liberty National Bank lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $50k or less, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $28,065,000 | $185,861 | $0 | 0.00% |
Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.28%
Liberty National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination82.12%
Liberty National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $28,065,000 | $185,861 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Liberty Finance Co., Inc. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
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 | $48,664 |
| Liberty National Bank | 118 South Main Street Ada, OH 45810 | Full Service B&M | $141,421 |
| Liberty National Bank | 1454 South Main Street Bellefontaine, OH 43311 | Full Service B&M | $12,133 |
| Liberty National Bank | 160 Coleman S Crossing Boulevard Marysville, OH 43040 | Full Service B&M | $17,541 |
| Liberty National Bank | 33 S Cleveland Ave Westerville, OH 43081 | Full Service B&M | $1,180 |
| Liberty National Bank | Main And Franklin Streets Kenton, OH 43326 | Full Service B&M | $83,098 |
For 2019, Liberty National Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,542 |
| Net interest income | $13,726 |
| Total noninterest income | $1,278 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $354 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $924 |
| Pre-tax net operating income | $4,837 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,917 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,917 |
| Minority interest net income | $0 |
| Net income | $3,917 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,917 |
Liberty National Bank's gross interest income from loans was $16,542,000.
Liberty National Bank's net interest income from loans was $13,726,000.
Liberty National Bank's fee based income from loans was $354,000.
Liberty National Bank's net income from loans was $3,917,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,816 |
| Provision for credit losses | $330 |
| Total noninterest expense | $9,837 |
| Salaries and employee benefits | $5,193 |
| Premises and equipment expense | $1,836 |
| Additional noninterest expense | $2,808 |
| Applicable income taxes | $920 |
| Net charge-offs | $133 |
| Cash dividends | $1,152 |
Liberty National Bank's interest expense for loans was $2,816,000.
Liberty National Bank's payroll and benefits expense were $5,193,000.
Liberty National Bank's property, plant and equipment expenses $1,836,000.
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 | $276,517 |
| Deposits held in domestic offices | $276,517 |
| Deposits by Individuals, partnerships, and corporations | $226,674 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $48,745 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,098 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $105,829 |
| Demand deposits | $105,829 |
| Nontransaction accounts | $170,688 |
| Money market deposit accounts (MMDAs) | $52,469 |
| Other savings deposits (excluding MMDAs) | $31,643 |
| Total time deposits | $86,576 |
| Total time and savings deposits | $170,688 |
| Noninterest-bearing deposits | $80,734 |
| Interest-bearing deposits | $195,783 |
| Retail deposits | $244,465 |
| IRAs and Keogh plan accounts | $3,215 |
| Brokered deposits | $19,372 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $337,523 |
| Cash & Balances due from depository institutions | $3,471 |
| Interest-bearing balances | $21 |
| Total securities | $45,041 |
| Federal funds sold & reverse repurchase | $13,662 |
| Net loans and leases | $259,388 |
| Loan and leases loss allowance | $2,625 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,982 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,754 |
| All other assets | $9,225 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $337,523 |
| Total Liabilities | $289,968 |
| Total deposits | $276,517 |
| Interest-bearing deposits | $195,783 |
| Deposits held in domestic offices | $276,517 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,451 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $259,388 |
| Loan and leases loss allowance | $2,625 |
| Total loans and leases (domestic) | $262,013 |
| All real estate loans | $217,681 |
| Real estate loans in domestic offices | $217,681 |
| Construction and development loans | $25,805 |
| Residential 1-4 family construction | $731 |
| Other construction, all land development and other land | $25,074 |
| Loans secured by nonfarm nonresidential properties | $104,171 |
| Nonfarm nonresidential secured by owner-occupied properties | $41,265 |
| Commercial real estate & other non-farm, non-residential | $62,906 |
| Multifamily residential real estate | $17,872 |
| 1-4 family residential loans | $53,213 |
| Farmland loans | $16,620 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,453 |
| Commercial and industrial loans | $28,741 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $758 |
| Credit card loans | $0 |
| Related Plans | $14 |
| Consumer Auto Loans | $171 |
| Other loans to individuals | $573 |
| All other loans & leases | $6,384 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,706 |
| 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 | $286 |
| Non 1-4 family restructured loans & leases | $23 |
| Total loans and leases (foreign) | $0 |
Liberty National Bank had $259,388,000 of loans outstanding in 2019. $217,681,000 of loans were in real estate loans. $25,805,000 of loans were in development loans. $17,872,000 of loans were in multifamily mortgage loans. $53,213,000 of loans were in 1-4 family mortgage loans. $8,453,000 of loans were in farm loans. $0 of loans were in credit card loans. $171,000 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 | 156 | $38,543 | $247,071 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,502 | $40,595 |
| Nonfarm, nonresidential loans - $100-250k | 44 | $5,461 | $124,114 |
| Nonfarm, nonresidential loans - $250k-1MM | 75 | $31,580 | $421,067 |
| Commercial & Industrial, US addressed loans - <$1MM | 78 | $7,955 | $101,987 |
| Commercial & Industrial, US addressed loans - <$100k | 44 | $1,505 | $34,205 |
| Commercial & Industrial, US addressed loans - $100-250k | 19 | $1,802 | $94,842 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $4,648 | $309,867 |
| Farmland loans - <$1MM | 53 | $7,692 | $145,132 |
| Farmland loans - <$100k | 14 | $511 | $36,500 |
| Farmland loans - $100-250k | 23 | $3,072 | $133,565 |
| Farmland loans - $250k-1MM | 16 | $4,109 | $256,813 |
| Agriculture operations loans - <$1MM | 28 | $1,552 | $55,429 |
| Agriculture operations loans - <$100k | 17 | $453 | $26,647 |
| Agriculture operations loans - $100-250k | 11 | $1,099 | $99,909 |