The First Liberty National Bank Mortgage Rates, Fees & Info

Liberty, TX

LEI: 549300IC1SF2RZ8ROR54

Tax ID: 74-0745975

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Mortgage Data

Bank Data

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, and Huntsville among others. We have data for 4 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.

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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Originations

98

Origination Dollar Volume (All Markets)

$23,080,000

Employee count

75

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) 73 $16,545,000 $226,644 $0 0.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 14 $3,890,000 $277,857 $0 0.00%
Outside of Metro Areas 9 $2,445,000 $271,667 $0 0.00%
Huntsville, TX (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
The First Liberty National Bank's top markets include Houston, Beaumont, and Huntsville 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $23,080,000 $235,510 $0 0.00%

    For 2020, The First Liberty National Bank's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $15,150,000 $222,794 $0 0.00%
    Cash Out Refi 15 $4,385,000 $292,333 $0 0.00%
    Refi 8 $2,720,000 $340,000 $0 0.00%
    Other 7 $825,000 $117,857 $0 0.00%

    For 2020, The First Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 98 $23,080,000 $235,510 $0 0.00%

    For 2020, The First Liberty National Bank's most frequently cited loan duration was Other, with 98 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 34 $9,790,000 $287,941 $0 0.00%
    $100k-200k 32 $4,510,000 $140,938 $0 0.00%
    $100,000 or less 21 $1,405,000 $66,905 $0 0.00%
    $400k-600k 8 $3,760,000 $470,000 $0 0.00%
    $1MM+ 2 $2,950,000 $1,475,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2020 saw The First Liberty National Bank place emphasis on $200k-400k loans with 34 originations, totaling $9,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $6,955,000 $239,828 $0 0.00%
    $150k-250k 16 $3,950,000 $246,875 $0 0.00%
    $50k-75k 16 $2,030,000 $126,875 $0 0.00%
    $75k-100k 10 $1,890,000 $189,000 $0 0.00%
    $250k+ 9 $3,835,000 $426,111 $0 0.00%
    $50k or less 3 $215,000 $71,667 $0 0.00%

    The First Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 98 $23,080,000 $235,510 $0 0.00%

    The First Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 81 $17,795,000 $219,691 $0 0.00%
    Not applicable 13 $3,915,000 $301,154 $0 0.00%
    Black 2 $780,000 $390,000 $0 0.00%
    Asian 1 $525,000 $525,000 $0 0.00%
    Not provided 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    71.92%

    The First Liberty National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    29.59%

    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
    Exempt 98 $23,080,000 $235,510

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $335,000 $335,000
    Single Family (1-4 Units):Site-Built 97 $22,745,000 $234,485

    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 $74,304
    The First Liberty National Bank 11030 Hwy 146 N Liberty, TX 77575 Full Service B&M $3,884
    The First Liberty National Bank 15113 Highway 90 Beaumont, TX 77713 Full Service B&M $3,171
    The First Liberty National Bank 1900 Sam Houston Street Liberty, TX 77575 Full Service B&M $247,169
    The First Liberty National Bank 24900 Fm 2100 Huffman, TX 77336 Full Service B&M $20,922
    The First Liberty National Bank 900 Highway 146 Dayton, TX 77535 Full Service B&M $0

    For 2020, The First Liberty National Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,739
    Net interest income $14,655
    Total noninterest income $3,673
    Gross Fiduciary activities income $131
    Service charges on deposit accounts $1,343
    Trading account gains and fees $0
    Additional Noninterest Income $2,199
    Pre-tax net operating income $4,775
    Securities gains (or losses, -) $342
    Income before extraordinary items $5,117
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,117
    Minority interest net income $0
    Net income $5,117
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,775

    The First Liberty National Bank's gross interest income from loans was $15,739,000.
    The First Liberty National Bank's net interest income from loans was $14,655,000.
    The First Liberty National Bank's fee based income from loans was $1,343,000.
    The First Liberty National Bank's net income from loans was $5,117,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,084
    Provision for credit losses $1,305
    Total noninterest expense $12,248
    Salaries and employee benefits $6,679
    Premises and equipment expense $2,104
    Additional noninterest expense $3,465
    Applicable income taxes $0
    Net charge-offs $816
    Cash dividends $2,205

    The First Liberty National Bank's interest expense for loans was $1,084,000.
    The First Liberty National Bank's payroll and benefits expense were $6,679,000.
    The First Liberty National Bank's property, plant and equipment expenses $2,104,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $338,983
    Deposits held in domestic offices $338,983
    Deposits by Individuals, partnerships, and corporations $285,398
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,569
    Deposits by Commercial banks and other depository institutions in U.S. $16
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $33,501
    Demand deposits $22,695
    Nontransaction accounts $305,482
    Money market deposit accounts (MMDAs) $80,170
    Other savings deposits (excluding MMDAs) $189,222
    Total time deposits $36,090
    Total time and savings deposits $316,288
    Noninterest-bearing deposits $22,695
    Interest-bearing deposits $316,288
    Retail deposits $331,219
    IRAs and Keogh plan accounts $5,775
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $385,032
    Cash & Balances due from depository institutions $51,376
    Interest-bearing balances $41,670
    Total securities $111,368
    Federal funds sold & reverse repurchase $146
    Net loans and leases $203,582
    Loan and leases loss allowance $2,998
    Trading account assets $0
    Bank premises and fixed assets $13,476
    Other real estate owned $295
    Goodwill and other intangibles $0
    All other assets $4,789

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $385,032
    Total Liabilities $340,619
    Total deposits $338,983
    Interest-bearing deposits $316,288
    Deposits held in domestic offices $338,983
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $671
    Subordinated debt $0
    All other liabilities $965

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $203,582
    Loan and leases loss allowance $2,998
    Total loans and leases (domestic) $206,580
    All real estate loans $158,158
    Real estate loans in domestic offices $158,158
    Construction and development loans $28,563
    Residential 1-4 family construction $8,172
    Other construction, all land development and other land $20,391
    Loans secured by nonfarm nonresidential properties $47,520
    Nonfarm nonresidential secured by owner-occupied properties $31,755
    Commercial real estate & other non-farm, non-residential $15,765
    Multifamily residential real estate $1,491
    1-4 family residential loans $69,916
    Farmland loans $10,668
    Loans held in foreign offices $0
    Farm loans $3,417
    Commercial and industrial loans $28,936
    To non-U.S. addressees $0
    Loans to individuals $13,221
    Credit card loans $0
    Related Plans $20
    Consumer Auto Loans $4,237
    Other loans to individuals $8,964
    All other loans & leases $2,848
    Loans to foreign governments and official institutions $0
    Other loans $130
    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 $203,582,000 of loans outstanding in 2020. $158,158,000 of loans were in real estate loans. $28,563,000 of loans were in development loans. $1,491,000 of loans were in multifamily mortgage loans. $69,916,000 of loans were in 1-4 family mortgage loans. $3,417,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,237,000 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 107 $22,360 $208,972
    Nonfarm, nonresidential loans - <$100k 17 $643 $37,824
    Nonfarm, nonresidential loans - $100-250k 47 $6,518 $138,681
    Nonfarm, nonresidential loans - $250k-1MM 43 $15,199 $353,465
    Commercial & Industrial, US addressed loans - <$1MM 434 $23,633 $54,454
    Commercial & Industrial, US addressed loans - <$100k 325 $8,546 $26,295
    Commercial & Industrial, US addressed loans - $100-250k 80 $7,502 $93,775
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $7,585 $261,552
    Farmland loans - <$1MM 17 $3,641 $214,176
    Farmland loans - $100-250k 9 $1,292 $143,556
    Farmland loans - $250k-1MM 8 $2,349 $293,625
    Agriculture operations loans - <$1MM 76 $2,455 $32,303
    Agriculture operations loans - <$100k 69 $1,242 $18,000
    Agriculture operations loans - $100-250k 4 $361 $90,250
    Agriculture operations loans - $250k-1MM 3 $852 $284,000