The First Liberty National Bank Mortgage Rates, Fees & Info

Liberty, TX

LEI: 549300IC1SF2RZ8ROR54

Tax ID: 74-0745975

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The First Liberty National Bank is a smaller bank specializing in Home Purchase loans. The First Liberty National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, Longview, Tyler, and Sulphur Springs among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First 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. The First Liberty National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

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    Originations

    119

    Origination Dollar Volume (All Markets)

    $22,495,000

    Employee count

    74

    Awards

    The First Liberty National Bank 30 Year Conventional Loans bronze
    Show all (1) awards

    Top 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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 72 $14,660,000 $203,611 $5,326 6.02%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 21 $3,235,000 $154,048 $5,710 5.77%
    Outside of Metro Areas 13 $1,955,000 $150,385 $4,154 6.22%
    LONGVIEW, TX (FHA|USDA|VA) 6 $940,000 $156,667 $3,427 6.14%
    TYLER, TX (FHA|USDA|VA) 2 $660,000 $330,000 $7,519 4.73%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $500,000 $250,000 $7,714 5.89%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,914 4.96%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,320 4.96%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,620 5.25%
    The First Liberty National Bank's top markets include Houston, Beaumont, Longview, Tyler, and Sulphur Springs among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The First Liberty National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 360
    Priority Bank
    Similarity Rank: 456
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 678
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 729
    JSC
    Similarity Rank: 900
    TEXAS BAY
    Similarity Rank: 980
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1840
    East West Bank
    Similarity Rank: 1848
    MEMBER HOME LOAN, L.L.C.
    Similarity Rank: 1862

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $22,495,000 $189,034 $5,218 5.96%

    For 2018, The First Liberty National Bank's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $17,180,000 $209,512 $5,562 5.73%
    Cash Out Refi 18 $2,920,000 $162,222 $4,619 6.59%
    Other 10 $840,000 $84,000 $2,725 6.41%
    Refi 7 $1,395,000 $199,286 $4,187 6.56%
    Home Improvement 2 $160,000 $80,000 $6,521 5.58%

    For 2018, The First Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 41 $7,555,000 $184,268 $4,275 5.74%
    15 Year 25 $4,095,000 $163,800 $3,820 6.13%
    20 Year 22 $3,100,000 $140,909 $3,810 6.51%
    30+ year 17 $5,765,000 $339,118 $9,523 5.23%
    Other 10 $1,550,000 $155,000 $5,103 6.18%
    10 Year 3 $175,000 $58,333 $3,200 7.11%
    3 Year 1 $255,000 $255,000 $0 6.50%

    For 2018, The First Liberty National Bank's most frequently cited loan duration was 30 Year, with 41 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 45 $8,215,000 $182,556
    $<1k 23 $2,635,000 $114,565
    $5k+ 10 $4,120,000 $412,000
    $4k-5k 4 $1,140,000 $285,000
    $3k-4k 2 $420,000 $210,000
    $2k-3k 1 $105,000 $105,000

    The First Liberty National Bank's average total fees were $4,275, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 43 $10,075,000 $234,302
    6-7% 34 $5,160,000 $151,765
    4-5% 22 $5,130,000 $233,182
    7-8% 8 $740,000 $92,500
    Over 8% 6 $450,000 $75,000

    During 2018, The First Liberty National Bank's average interest rate for loans was 5.74%, while their most frequently originated rate bucket for loans was 5-6%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,930,000 $66,591 $3,218 6.43%
    $100k-200k 34 $4,550,000 $133,824 $4,168 5.95%
    $200k-400k 27 $7,575,000 $280,556 $6,902 5.38%
    $400k-600k 10 $4,380,000 $438,000 $9,294 5.47%
    $600k-1MM 4 $3,060,000 $765,000 $9,462 5.86%

    2018 saw The First Liberty National Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $5,640,000 $201,429 $5,534 5.81%
    $75k-100k 21 $2,485,000 $118,333 $3,736 6.23%
    $150k-250k 19 $5,755,000 $302,895 $7,749 5.58%
    $50k-75k 12 $1,620,000 $135,000 $4,480 6.32%
    $50k or less 8 $420,000 $52,500 $3,825 6.45%
    $250k+ 5 $1,445,000 $289,000 $6,717 6.00%

    The First Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $2,550,000 $159,375 $5,190 6.09%
    50-60% 12 $2,390,000 $199,167 $6,370 5.52%
    <20% 10 $1,510,000 $151,000 $4,680 5.91%
    30-36% 10 $1,180,000 $118,000 $4,594 6.37%
    >60% 10 $2,880,000 $288,000 $6,260 5.95%
    40% 4 $370,000 $92,500 $3,161 5.90%
    41% 4 $430,000 $107,500 $4,831 6.66%
    42% 4 $790,000 $197,500 $5,508 5.50%
    36% 3 $435,000 $145,000 $5,308 6.26%
    46% 3 $895,000 $298,333 $5,710 5.65%
    43% 3 $675,000 $225,000 $4,212 7.32%
    48% 3 $975,000 $325,000 $6,511 5.75%
    37% 3 $185,000 $61,667 $2,194 5.79%
    38% 2 $820,000 $410,000 $9,141 5.25%
    39% 2 $180,000 $90,000 $2,884 5.37%
    47% 2 $410,000 $205,000 $6,396 6.34%
    49% 2 $580,000 $290,000 $7,824 5.64%
    44% 1 $205,000 $205,000 $4,780 5.95%

    The First Liberty National Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 50-60%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $17,440,000 $193,778 $5,379 5.96%
    Not applicable 21 $4,125,000 $196,429 $0 5.94%
    Black 3 $385,000 $128,333 $3,465 5.98%
    Not provided 2 $300,000 $150,000 $3,796 6.12%
    Asian 1 $105,000 $105,000 $3,198 4.46%
    Native Hawaiian 1 $75,000 $75,000 $2,571 6.28%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 6.75%

    Approval Rates

    Total approvals of all applications
    86.07%

    The First Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.66%

    The First Liberty National 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
    NA 119 $22,495,000 $189,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,280,000 $570,000
    Single Family (1-4 Units):Manufactured 15 $1,475,000 $98,333
    Single Family (1-4 Units):Site-Built 100 $18,740,000 $187,400

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $705,000 $64,091 $3,220 6.36%
    40-60% 12 $2,140,000 $178,333 $4,627 6.36%
    60-80% 20 $3,910,000 $195,500 $5,654 6.17%
    80-100% 75 $15,385,000 $205,133 $5,420 5.78%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First Liberty National Bank 109 East Highway 90 Dayton, TX 77535 Full Service B&M $67,084
    The First Liberty National Bank 11030 Hwy 146 N Liberty, TX 77575 Full Service B&M $2,084
    The First Liberty National Bank 1900 Sam Houston Street Liberty, TX 77575 Full Service B&M $186,278
    The First Liberty National Bank 24900 Fm 2100 Huffman, TX 77336 Full Service B&M $14,330

    For 2018, The First Liberty National Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,235
    Net interest income $12,302
    Total noninterest income $3,602
    Gross Fiduciary activities income $170
    Service charges on deposit accounts $1,528
    Trading account gains and fees $0
    Additional Noninterest Income $1,904
    Pre-tax net operating income $4,158
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,158
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,158
    Minority interest net income $0
    Net income $4,158
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,158

    The First Liberty National Bank's gross interest income from loans was $13,235,000.
    The First Liberty National Bank's net interest income from loans was $12,302,000.
    The First Liberty National Bank's fee based income from loans was $1,528,000.
    The First Liberty National Bank's net income from loans was $4,158,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $933
    Provision for credit losses $650
    Total noninterest expense $11,096
    Salaries and employee benefits $5,954
    Premises and equipment expense $1,346
    Additional noninterest expense $3,796
    Applicable income taxes $0
    Net charge-offs $644
    Cash dividends $2,551

    The First Liberty National Bank's interest expense for loans was $933,000.
    The First Liberty National Bank's payroll and benefits expense were $5,954,000.
    The First Liberty National Bank's property, plant and equipment expenses $1,346,000.

    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 3.0%
    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 $265,398
    Deposits held in domestic offices $265,398
    Deposits by Individuals, partnerships, and corporations $247,698
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,658
    Deposits by Commercial banks and other depository institutions in U.S. $42
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $29,566
    Demand deposits $24,113
    Nontransaction accounts $235,832
    Money market deposit accounts (MMDAs) $71,542
    Other savings deposits (excluding MMDAs) $125,153
    Total time deposits $39,137
    Total time and savings deposits $241,285
    Noninterest-bearing deposits $24,113
    Interest-bearing deposits $241,285
    Retail deposits $257,945
    IRAs and Keogh plan accounts $7,649
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $307,164
    Cash & Balances due from depository institutions $40,579
    Interest-bearing balances $35,374
    Total securities $65,934
    Federal funds sold & reverse repurchase $1,307
    Net loans and leases $187,782
    Loan and leases loss allowance $2,232
    Trading account assets $0
    Bank premises and fixed assets $7,223
    Other real estate owned $298
    Goodwill and other intangibles $0
    All other assets $4,041

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $307,164
    Total Liabilities $268,569
    Total deposits $265,398
    Interest-bearing deposits $241,285
    Deposits held in domestic offices $265,398
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,170
    Subordinated debt $0
    All other liabilities $1,001

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $187,782
    Loan and leases loss allowance $2,232
    Total loans and leases (domestic) $190,014
    All real estate loans $136,387
    Real estate loans in domestic offices $136,387
    Construction and development loans $18,645
    Residential 1-4 family construction $8,731
    Other construction, all land development and other land $9,914
    Loans secured by nonfarm nonresidential properties $65,167
    Nonfarm nonresidential secured by owner-occupied properties $47,931
    Commercial real estate & other non-farm, non-residential $17,236
    Multifamily residential real estate $1,071
    1-4 family residential loans $46,932
    Farmland loans $4,572
    Loans held in foreign offices $0
    Farm loans $6,301
    Commercial and industrial loans $21,517
    To non-U.S. addressees $0
    Loans to individuals $22,655
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $10,579
    Other loans to individuals $12,049
    All other loans & leases $3,154
    Loans to foreign governments and official institutions $0
    Other loans $182
    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

    The First Liberty National Bank had $187,782,000 of loans outstanding in 2018. $136,387,000 of loans were in real estate loans. $18,645,000 of loans were in development loans. $1,071,000 of loans were in multifamily mortgage loans. $46,932,000 of loans were in 1-4 family mortgage loans. $6,301,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,579,000 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 155 $30,664 $197,832
    Nonfarm, nonresidential loans - <$100k 38 $1,793 $47,184
    Nonfarm, nonresidential loans - $100-250k 61 $8,015 $131,393
    Nonfarm, nonresidential loans - $250k-1MM 56 $20,856 $372,429
    Commercial & Industrial, US addressed loans - <$1MM 300 $16,993 $56,643
    Commercial & Industrial, US addressed loans - <$100k 231 $5,212 $22,563
    Commercial & Industrial, US addressed loans - $100-250k 49 $4,952 $101,061
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $6,829 $341,450
    Farmland loans - <$1MM 6 $1,479 $246,500
    Farmland loans - <$100k 1 $57 $57,000
    Farmland loans - $100-250k 2 $374 $187,000
    Farmland loans - $250k-1MM 3 $1,048 $349,333
    Agriculture operations loans - <$1MM 78 $2,420 $31,026
    Agriculture operations loans - <$100k 70 $1,448 $20,686
    Agriculture operations loans - $100-250k 6 $580 $96,667
    Agriculture operations loans - $250k-1MM 2 $392 $196,000