Liberty National Bank Mortgage Rates, Fees & Info
Ada, OHLEI: 5493008X303QT73TU753
Tax ID: 34-4173465
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Review & Overview
Liberty National Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out 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, Mansfield, and Ashland among others. We have data for 31 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.83% | 11/17/24 |
| 30 Year Conventional Refi | 6.81% | 11/17/24 |
| 30 Year Cash-out Refi | 6.75% | 11/17/24 |
| 30 Year USDA Purchase | 7.03% | 11/17/24 |
| 15 Year Conventional Purchase | 5.98% | 11/17/24 |
| 15 Year Conventional Refi | 6.08% | 11/17/24 |
| 15 Year Cash-out Refi | 6.08% | 11/17/24 |
| 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. | ||
Liberty National Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
449Origination Dollar Volume (All Markets)
$99,295,000Employee count
74Top 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) | 141 | $43,645,000 | $309,539 | $0 | 0.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 99 | $16,905,000 | $170,758 | $0 | 0.00% |
| Outside of Metro Areas | 73 | $8,615,000 | $118,014 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 55 | $8,105,000 | $147,364 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 7 | $3,715,000 | $530,714 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 3 | $2,635,000 | $878,333 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 9 | $2,085,000 | $231,667 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 10 | $1,930,000 | $193,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 8 | $1,470,000 | $183,750 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $0 | 0.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Mount Vernon, OH (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $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 | 446 | $98,950,000 | $221,861 | $0 | 0.00% |
| USDA | 3 | $345,000 | $115,000 | $0 | 0.00% |
For 2020, Liberty National Bank's most frequently originated type of loan was Conventional, with 446 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2020, Liberty National Bank's most frequently cited loan purpose was Refi, with 160 originations. The 2nd most popular reason was Home Purchase, with 152 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 449 | $99,295,000 | $221,147 | $0 | 0.00% |
For 2020, Liberty National Bank's most frequently cited loan duration was Other, with 449 originations.
Loan Sizing
2020 saw Liberty National Bank place emphasis on $100k-200k loans with 199 originations, totaling $28,715,000 in origination value.
Applicant Income
Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $50k-75k, with 83 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 449 | $99,295,000 | $221,147 | $0 | 0.00% |
Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 449 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.74%
Liberty National Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.41%
Liberty National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 449 | $99,295,000 | $221,147 |
Occupancy Type Mix
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 | $67,094 |
| Liberty National Bank | 118 South Main Street Ada, OH 45810 | Full Service B&M | $114,561 |
| Liberty National Bank | 1454 South Main Street Bellefontaine, OH 43311 | Full Service B&M | $18,377 |
| Liberty National Bank | 160 Coleman S Crossing Boulevard Marysville, OH 43040 | Full Service B&M | $22,021 |
| Liberty National Bank | 33 S Cleveland Ave Westerville, OH 43081 | Full Service B&M | $7,505 |
| Liberty National Bank | Main And Franklin Streets Kenton, OH 43326 | Full Service B&M | $92,014 |
For 2020, Liberty National Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,576 |
| Net interest income | $14,628 |
| Total noninterest income | $2,765 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $305 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,460 |
| Pre-tax net operating income | $5,420 |
| Securities gains (or losses, -) | $44 |
| Income before extraordinary items | $4,383 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,383 |
| Minority interest net income | $0 |
| Net income | $4,383 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,347 |
Liberty National Bank's gross interest income from loans was $16,576,000.
Liberty National Bank's net interest income from loans was $14,628,000.
Liberty National Bank's fee based income from loans was $305,000.
Liberty National Bank's net income from loans was $4,383,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,948 |
| Provision for credit losses | $1,250 |
| Total noninterest expense | $10,723 |
| Salaries and employee benefits | $6,242 |
| Premises and equipment expense | $1,772 |
| Additional noninterest expense | $2,709 |
| Applicable income taxes | $1,081 |
| Net charge-offs | $-185 |
| Cash dividends | $1,072 |
Liberty National Bank's interest expense for loans was $1,948,000.
Liberty National Bank's payroll and benefits expense were $6,242,000.
Liberty National Bank's property, plant and equipment expenses $1,772,000.
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 | $323,771 |
| Deposits held in domestic offices | $323,771 |
| Deposits by Individuals, partnerships, and corporations | $276,151 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $46,141 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,479 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $138,445 |
| Demand deposits | $138,445 |
| Nontransaction accounts | $185,326 |
| Money market deposit accounts (MMDAs) | $87,746 |
| Other savings deposits (excluding MMDAs) | $36,450 |
| Total time deposits | $61,130 |
| Total time and savings deposits | $185,326 |
| Noninterest-bearing deposits | $114,605 |
| Interest-bearing deposits | $209,166 |
| Retail deposits | $308,818 |
| IRAs and Keogh plan accounts | $3,128 |
| Brokered deposits | $5,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $398,452 |
| Cash & Balances due from depository institutions | $5,616 |
| Interest-bearing balances | $119 |
| Total securities | $44,259 |
| Federal funds sold & reverse repurchase | $19,035 |
| Net loans and leases | $307,764 |
| Loan and leases loss allowance | $4,060 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,969 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $2,231 |
| All other assets | $14,578 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $398,452 |
| Total Liabilities | $346,862 |
| Total deposits | $323,771 |
| Interest-bearing deposits | $209,166 |
| Deposits held in domestic offices | $323,771 |
| % insured (estimated) | $78 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $18,858 |
| Subordinated debt | $0 |
| All other liabilities | $4,233 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $307,764 |
| Loan and leases loss allowance | $4,060 |
| Total loans and leases (domestic) | $311,824 |
| All real estate loans | $252,791 |
| Real estate loans in domestic offices | $252,791 |
| Construction and development loans | $38,770 |
| Residential 1-4 family construction | $1,241 |
| Other construction, all land development and other land | $37,529 |
| Loans secured by nonfarm nonresidential properties | $115,493 |
| Nonfarm nonresidential secured by owner-occupied properties | $43,078 |
| Commercial real estate & other non-farm, non-residential | $72,415 |
| Multifamily residential real estate | $26,550 |
| 1-4 family residential loans | $56,261 |
| Farmland loans | $15,717 |
| Loans held in foreign offices | $0 |
| Farm loans | $7,443 |
| Commercial and industrial loans | $47,115 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $391 |
| Credit card loans | $0 |
| Related Plans | $9 |
| Consumer Auto Loans | $190 |
| Other loans to individuals | $192 |
| All other loans & leases | $4,086 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $3,943 |
| 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 | $275 |
| Non 1-4 family restructured loans & leases | $17 |
| Total loans and leases (foreign) | $0 |
Liberty National Bank had $307,764,000 of loans outstanding in 2020. $252,791,000 of loans were in real estate loans. $38,770,000 of loans were in development loans. $26,550,000 of loans were in multifamily mortgage loans. $56,261,000 of loans were in 1-4 family mortgage loans. $7,443,000 of loans were in farm loans. $0 of loans were in credit card loans. $190,000 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 | 151 | $36,503 | $241,742 |
| Nonfarm, nonresidential loans - <$100k | 32 | $1,256 | $39,250 |
| Nonfarm, nonresidential loans - $100-250k | 49 | $6,256 | $127,673 |
| Nonfarm, nonresidential loans - $250k-1MM | 70 | $28,991 | $414,157 |
| Commercial & Industrial, US addressed loans - <$1MM | 328 | $18,642 | $56,835 |
| Commercial & Industrial, US addressed loans - <$100k | 258 | $6,406 | $24,829 |
| Commercial & Industrial, US addressed loans - $100-250k | 44 | $5,234 | $118,955 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 26 | $7,002 | $269,308 |
| Farmland loans - <$1MM | 49 | $6,860 | $140,000 |
| Farmland loans - <$100k | 13 | $378 | $29,077 |
| Farmland loans - $100-250k | 21 | $2,932 | $139,619 |
| Farmland loans - $250k-1MM | 15 | $3,550 | $236,667 |
| Agriculture operations loans - <$1MM | 21 | $1,230 | $58,571 |
| Agriculture operations loans - <$100k | 13 | $216 | $16,615 |
| Agriculture operations loans - $100-250k | 8 | $1,014 | $126,750 |