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

Jump to:

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, Fredericksburg, Longview, and Waco among others. We have data for 11 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 about average 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.

    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

    186

    Origination Dollar Volume (All Markets)

    $49,420,000

    Employee count

    73

    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) 136 $35,950,000 $264,338 $4,685 4.24%
    Outside of Metro Areas 20 $6,280,000 $314,000 $6,044 4.02%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 21 $4,495,000 $214,048 $5,379 4.66%
    Fredericksburg, TX (FHA|USDA|VA) 1 $745,000 $745,000 $6,094 4.76%
    LONGVIEW, TX (FHA|USDA|VA) 2 $600,000 $300,000 $5,727 4.76%
    WACO, TX (FHA|USDA|VA) 1 $525,000 $525,000 $4,809 4.76%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,257 4.76%
    Palestine, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,984 3.10%
    MIDLAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.63%
    ODESSA, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.63%
    Lufkin, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,706 3.30%
    The First Liberty National Bank's top markets include Houston, Beaumont, Fredericksburg, Longview, and Waco 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.

    AMOCO
    Similarity Rank: 405
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 648
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    Credence Funding Corporation
    Similarity Rank: 1616
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    TEXAS BAY
    Similarity Rank: 2076

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $49,420,000 $265,699 $4,960 4.26%

    For 2021, The First Liberty National Bank's most frequently originated type of loan was Conventional, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $38,155,000 $291,260 $5,282 4.43%
    Cash Out Refi 29 $5,785,000 $199,483 $4,094 3.85%
    Refi 14 $3,110,000 $222,143 $4,511 3.81%
    Other 12 $2,370,000 $197,500 $4,321 3.90%

    For 2021, The First Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 38 $6,090,000 $160,263 $4,379 3.59%
    30+ year 38 $12,170,000 $320,263 $6,507 4.69%
    30 Year 37 $10,945,000 $295,811 $4,652 3.67%
    20 Year 34 $7,340,000 $215,882 $3,891 4.46%
    Other 32 $12,450,000 $389,063 $4,619 4.88%
    10 Year 7 $425,000 $60,714 $2,462 4.91%

    For 2021, The First Liberty National Bank's most frequently cited loan duration was 15 Year, with 38 originations. The 2nd most popular length was 30+ year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 77 $18,775,000 $243,831
    $1k-2k 18 $2,830,000 $157,222
    $3k-4k 15 $4,365,000 $291,000
    $2k-3k 13 $2,305,000 $177,308
    $5k+ 8 $3,870,000 $483,750
    $4k-5k 4 $1,360,000 $340,000

    The First Liberty National Bank's average total fees were $4,652, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $29,520,000 $273,333
    3-4% 67 $18,595,000 $277,537
    6-7% 6 $420,000 $70,000
    2.5-3% 2 $700,000 $350,000
    5-6% 2 $140,000 $70,000
    7-8% 1 $45,000 $45,000

    During 2021, The First Liberty National Bank's average interest rate for loans was 3.67%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 73 $10,755,000 $147,329 $4,028 4.05%
    $200k-400k 55 $15,785,000 $287,000 $5,508 4.24%
    $100,000 or less 28 $1,800,000 $64,286 $2,820 4.81%
    $400k-600k 23 $10,635,000 $462,391 $7,677 4.34%
    $600k-1MM 4 $3,410,000 $852,500 $7,622 4.30%
    $1MM+ 3 $7,035,000 $2,345,000 $10,987 4.02%

    2021 saw The First Liberty National Bank place emphasis on $100k-200k loans with 73 originations, totaling $10,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $7,560,000 $210,000 $5,241 4.20%
    $75k-100k 32 $6,350,000 $198,438 $4,665 4.27%
    $150k-250k 31 $9,115,000 $294,032 $5,149 4.06%
    $50k-75k 16 $2,850,000 $178,125 $4,395 4.38%
    $250k+ 15 $6,845,000 $456,333 $6,702 3.81%
    $50k or less 13 $1,455,000 $111,923 $3,753 4.33%

    The First Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $6,110,000 $235,000 $4,550 4.03%
    30-36% 25 $6,315,000 $252,600 $5,100 4.29%
    <20% 14 $2,370,000 $169,286 $4,094 4.17%
    39% 7 $1,765,000 $252,143 $5,957 4.75%
    42% 6 $1,510,000 $251,667 $6,120 4.22%
    36% 6 $1,910,000 $318,333 $5,531 4.18%
    38% 6 $1,170,000 $195,000 $4,990 4.25%
    41% 6 $1,540,000 $256,667 $6,217 4.05%
    43% 6 $1,420,000 $236,667 $3,765 4.57%
    44% 6 $1,260,000 $210,000 $5,039 4.04%
    47% 6 $2,050,000 $341,667 $5,666 3.90%
    50-60% 5 $1,295,000 $259,000 $4,198 3.73%
    40% 5 $1,235,000 $247,000 $4,669 3.85%
    46% 4 $860,000 $215,000 $4,651 4.32%
    37% 4 $950,000 $237,500 $7,178 4.29%
    48% 3 $1,005,000 $335,000 $5,477 4.27%
    >60% 2 $380,000 $190,000 $5,611 3.72%
    49% 2 $600,000 $300,000 $6,100 3.93%
    45% 2 $200,000 $100,000 $2,910 4.80%

    The First Liberty National Bank lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $29,460,000 $241,475 $4,862 4.17%
    Not applicable 41 $14,755,000 $359,878 $0 4.56%
    Not provided 11 $2,535,000 $230,455 $5,249 4.10%
    Black 8 $1,970,000 $246,250 $6,219 4.53%
    Asian 4 $700,000 $175,000 $5,162 3.83%

    Approval Rates

    Total approvals of all applications
    87.37%

    The First Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    45.16%

    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 186 $49,420,000 $265,699

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    186 $49,420,000 $265,699

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,490,000 $106,429 $3,575 4.02%
    40-60% 30 $7,000,000 $233,333 $4,494 4.32%
    60-80% 66 $18,830,000 $285,303 $5,511 4.27%
    80-100% 74 $21,690,000 $293,108 $4,987 4.28%
    Over 100% 1 $345,000 $345,000 $0 4.00%
    Under 20% 1 $65,000 $65,000 $0 4.10%

    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 $78,829
    The First Liberty National Bank 11030 Hwy 146 N Liberty, TX 77575 Full Service B&M $6,619
    The First Liberty National Bank 15113 Highway 90 Beaumont, TX 77713 Full Service B&M $4,962
    The First Liberty National Bank 1900 Sam Houston Street Liberty, TX 77575 Full Service B&M $243,815
    The First Liberty National Bank 24900 Fm 2100 Huffman, TX 77336 Full Service B&M $21,343
    The First Liberty National Bank 900 Highway 146 Dayton, TX 77535 Full Service B&M $506

    For 2021, The First Liberty National Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,583
    Net interest income $14,913
    Total noninterest income $3,880
    Gross Fiduciary activities income $19
    Service charges on deposit accounts $1,387
    Trading account gains and fees $0
    Additional Noninterest Income $2,474
    Pre-tax net operating income $5,454
    Securities gains (or losses, -) $401
    Income before extraordinary items $5,855
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,855
    Minority interest net income $0
    Net income $5,855
    Sale, conversion, retirement of capital stock, net $68
    Net operating income $5,454

    The First Liberty National Bank's gross interest income from loans was $15,583,000.
    The First Liberty National Bank's net interest income from loans was $14,913,000.
    The First Liberty National Bank's fee based income from loans was $1,387,000.
    The First Liberty National Bank's net income from loans was $5,855,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $670
    Provision for credit losses $280
    Total noninterest expense $13,059
    Salaries and employee benefits $7,078
    Premises and equipment expense $2,114
    Additional noninterest expense $3,867
    Applicable income taxes $0
    Net charge-offs $87
    Cash dividends $5,330

    The First Liberty National Bank's interest expense for loans was $670,000.
    The First Liberty National Bank's payroll and benefits expense were $7,078,000.
    The First Liberty National Bank's property, plant and equipment expenses $2,114,000.

    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 $371,785
    Deposits held in domestic offices $371,785
    Deposits by Individuals, partnerships, and corporations $304,068
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $67,605
    Deposits by Commercial banks and other depository institutions in U.S. $112
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $215,491
    Demand deposits $129,956
    Nontransaction accounts $156,294
    Money market deposit accounts (MMDAs) $76,002
    Other savings deposits (excluding MMDAs) $48,784
    Total time deposits $31,508
    Total time and savings deposits $241,829
    Noninterest-bearing deposits $129,956
    Interest-bearing deposits $241,829
    Retail deposits $366,254
    IRAs and Keogh plan accounts $4,626
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $415,860
    Cash & Balances due from depository institutions $31,098
    Interest-bearing balances $23,651
    Total securities $107,386
    Federal funds sold & reverse repurchase $128
    Net loans and leases $257,085
    Loan and leases loss allowance $3,191
    Trading account assets $0
    Bank premises and fixed assets $15,097
    Other real estate owned $512
    Goodwill and other intangibles $0
    All other assets $4,554

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $415,860
    Total Liabilities $372,992
    Total deposits $371,785
    Interest-bearing deposits $241,829
    Deposits held in domestic offices $371,785
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,207

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $257,085
    Loan and leases loss allowance $3,191
    Total loans and leases (domestic) $260,276
    All real estate loans $208,686
    Real estate loans in domestic offices $208,686
    Construction and development loans $48,665
    Residential 1-4 family construction $10,964
    Other construction, all land development and other land $37,701
    Loans secured by nonfarm nonresidential properties $62,073
    Nonfarm nonresidential secured by owner-occupied properties $44,916
    Commercial real estate & other non-farm, non-residential $17,157
    Multifamily residential real estate $3,769
    1-4 family residential loans $84,560
    Farmland loans $9,619
    Loans held in foreign offices $0
    Farm loans $2,256
    Commercial and industrial loans $33,834
    To non-U.S. addressees $0
    Loans to individuals $11,335
    Credit card loans $0
    Related Plans $17
    Consumer Auto Loans $2,635
    Other loans to individuals $8,683
    All other loans & leases $4,165
    Loans to foreign governments and official institutions $0
    Other loans $3,104
    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 $257,085,000 of loans outstanding in 2021. $208,686,000 of loans were in real estate loans. $48,665,000 of loans were in development loans. $3,769,000 of loans were in multifamily mortgage loans. $84,560,000 of loans were in 1-4 family mortgage loans. $2,256,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,635,000 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 113 $26,645 $235,796
    Nonfarm, nonresidential loans - <$100k 16 $677 $42,313
    Nonfarm, nonresidential loans - $100-250k 43 $5,730 $133,256
    Nonfarm, nonresidential loans - $250k-1MM 54 $20,238 $374,778
    Commercial & Industrial, US addressed loans - <$1MM 293 $16,558 $56,512
    Commercial & Industrial, US addressed loans - <$100k 210 $5,233 $24,919
    Commercial & Industrial, US addressed loans - $100-250k 56 $4,298 $76,750
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $7,027 $260,259
    Farmland loans - <$1MM 17 $3,564 $209,647
    Farmland loans - $100-250k 8 $1,092 $136,500
    Farmland loans - $250k-1MM 9 $2,472 $274,667
    Agriculture operations loans - <$1MM 56 $1,778 $31,750
    Agriculture operations loans - <$100k 51 $793 $15,549
    Agriculture operations loans - $100-250k 2 $368 $184,000
    Agriculture operations loans - $250k-1MM 3 $617 $205,667