Murphy Bank Mortgage Rates, Fees & Info

Fresno, CA

LEI: 549300IUGPU6Q7414X38

Tax ID: 77-0005559

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Murphy Bank is a smaller bank specializing in Home Purchase loans. Murphy Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Luis Obispo, Santa Cruz, Riverside, Santa Maria, and Fresno among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Murphy 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

    133

    Origination Dollar Volume (All Markets)

    $21,055,000

    Employee count

    33

    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
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 68 $13,010,000 $191,324 $0 6.44%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 11 $2,235,000 $203,182 $0 6.72%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $1,230,000 $123,000 $0 6.59%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 8 $850,000 $106,250 $0 6.60%
    FRESNO, CA (FHA|USDA|VA) 5 $795,000 $159,000 $0 6.38%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $770,000 $77,000 $0 6.54%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 5.85%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $505,000 $101,000 $0 6.46%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $220,000 $110,000 $0 6.75%
    MADERA, CA (FHA|USDA|VA) 4 $200,000 $50,000 $0 6.66%
    Outside of Metro Areas 2 $190,000 $95,000 $0 6.60%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.10%
    NAPA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.85%
    VISALIA, CA (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.50%
    Sonora, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
    SALINAS, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.35%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.85%
    Murphy Bank's top markets include San Luis Obispo, Santa Cruz, Riverside, Santa Maria, and Fresno among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 133 $21,055,000 $158,308 $0 6.51%

    For 2019, Murphy Bank's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $16,880,000 $165,490 $0 6.51%
    Cash Out Refi 13 $2,755,000 $211,923 $0 6.52%
    Home Improvement 9 $605,000 $67,222 $0 6.62%
    Other 6 $640,000 $106,667 $0 6.28%
    Refi 3 $175,000 $58,333 $0 6.60%

    For 2019, Murphy Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 133 $21,055,000 $158,308 $0 6.51%

    For 2019, Murphy Bank's most frequently cited loan duration was Other, with 133 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 112 $16,660,000 $148,750
    5-6% 16 $3,940,000 $246,250
    7-8% 5 $455,000 $91,000

    During 2019, Murphy Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 55 $8,255,000 $150,091 $0 6.50%
    $100,000 or less 50 $2,950,000 $59,000 $0 6.64%
    $200k-400k 23 $6,225,000 $270,652 $0 6.35%
    $400k-600k 2 $1,090,000 $545,000 $0 6.20%
    $600k-1MM 2 $1,370,000 $685,000 $0 6.05%
    $1MM+ 1 $1,165,000 $1,165,000 $0 6.15%

    2019 saw Murphy Bank place emphasis on $100k-200k loans with 55 originations, totaling $8,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $6,565,000 $187,571 $0 6.59%
    $50k-75k 28 $2,840,000 $101,429 $0 6.50%
    $75k-100k 27 $3,455,000 $127,963 $0 6.59%
    $150k-250k 12 $2,820,000 $235,000 $0 6.45%
    $250k+ 11 $3,575,000 $325,000 $0 6.15%
    $50k or less 11 $815,000 $74,091 $0 6.50%

    Murphy Bank lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 48 $7,010,000 $146,042 $0 6.56%
    20-30% 42 $6,610,000 $157,381 $0 6.50%
    <20% 11 $1,765,000 $160,455 $0 6.40%
    38% 5 $925,000 $185,000 $0 6.67%
    36% 4 $820,000 $205,000 $0 6.35%
    39% 3 $525,000 $175,000 $0 6.60%
    42% 3 $425,000 $141,667 $0 6.43%
    40% 2 $200,000 $100,000 $0 6.63%
    41% 2 $360,000 $180,000 $0 6.18%
    37% 2 $190,000 $95,000 $0 6.25%
    50-60% 1 $75,000 $75,000 $0 6.85%
    49% 1 $1,165,000 $1,165,000 $0 6.15%

    Murphy Bank lent most frequently to those with DTI ratios of 30-36%, with 48 originations. The next most common DTI ratio? 20-30%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $17,160,000 $175,102 $0 6.49%
    Not provided 19 $2,255,000 $118,684 $0 6.62%
    Not applicable 9 $985,000 $109,444 $0 6.52%
    Asian 2 $410,000 $205,000 $0 6.53%
    Black 1 $85,000 $85,000 $0 6.65%
    American Indian 2 $70,000 $35,000 $0 6.45%
    Filipino 1 $65,000 $65,000 $0 6.80%
    Other Pacific Islander 1 $25,000 $25,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    76.12%

    Murphy Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    46.62%

    Murphy 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 133 $21,055,000 $158,308

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $605,000 $605,000
    Single Family (1-4 Units):Manufactured 119 $16,545,000 $139,034
    Single Family (1-4 Units):Site-Built 13 $3,905,000 $300,385

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Murphy Bank 5180 North Palm Avenue, Suite #101 Fresno, CA 93704 Full Service B&M $260,035
    Murphy Bank 892 Aerovista Place, Suite 110 San Luis Obispo, CA 93401 Full Service B&M $4,729

    For 2019, Murphy Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,457
    Net interest income $11,789
    Total noninterest income $113
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $0
    Trading account gains and fees $0
    Additional Noninterest Income $113
    Pre-tax net operating income $5,448
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,258
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,258
    Minority interest net income $0
    Net income $5,258
    Sale, conversion, retirement of capital stock, net $112
    Net operating income $5,258

    Murphy Bank's gross interest income from loans was $17,457,000.
    Murphy Bank's net interest income from loans was $11,789,000.
    Murphy Bank's fee based income from loans was $0.
    Murphy Bank's net income from loans was $5,258,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,668
    Provision for credit losses $242
    Total noninterest expense $6,212
    Salaries and employee benefits $3,643
    Premises and equipment expense $1,062
    Additional noninterest expense $1,507
    Applicable income taxes $190
    Net charge-offs $161
    Cash dividends $3,151

    Murphy Bank's interest expense for loans was $5,668,000.
    Murphy Bank's payroll and benefits expense were $3,643,000.
    Murphy Bank's property, plant and equipment expenses $1,062,000.

    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 $265,316
    Deposits held in domestic offices $265,316
    Deposits by Individuals, partnerships, and corporations $193,507
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,905
    Deposits by Commercial banks and other depository institutions in U.S. $60,904
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,041
    Demand deposits $826
    Nontransaction accounts $263,275
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $34,841
    Total time deposits $228,434
    Total time and savings deposits $264,490
    Noninterest-bearing deposits $2,041
    Interest-bearing deposits $263,274
    Retail deposits $180,533
    IRAs and Keogh plan accounts $8,658
    Brokered deposits $28,453
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $307,570
    Cash & Balances due from depository institutions $39,905
    Interest-bearing balances $39,085
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $261,962
    Loan and leases loss allowance $2,667
    Trading account assets $0
    Bank premises and fixed assets $1,058
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,645

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $307,570
    Total Liabilities $273,855
    Total deposits $265,316
    Interest-bearing deposits $263,274
    Deposits held in domestic offices $265,316
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $539

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $261,962
    Loan and leases loss allowance $2,667
    Total loans and leases (domestic) $264,629
    All real estate loans $50,876
    Real estate loans in domestic offices $50,876
    Construction and development loans $1,854
    Residential 1-4 family construction $736
    Other construction, all land development and other land $1,118
    Loans secured by nonfarm nonresidential properties $3,008
    Nonfarm nonresidential secured by owner-occupied properties $1,002
    Commercial real estate & other non-farm, non-residential $2,006
    Multifamily residential real estate $1,063
    1-4 family residential loans $43,244
    Farmland loans $1,707
    Loans held in foreign offices $0
    Farm loans $131
    Commercial and industrial loans $78,832
    To non-U.S. addressees $0
    Loans to individuals $55,130
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $695
    Other loans to individuals $54,435
    All other loans & leases $79,659
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $212
    Non 1-4 family restructured loans & leases $212
    Total loans and leases (foreign) $0

    Murphy Bank had $261,962,000 of loans outstanding in 2019. $50,876,000 of loans were in real estate loans. $1,854,000 of loans were in development loans. $1,063,000 of loans were in multifamily mortgage loans. $43,244,000 of loans were in 1-4 family mortgage loans. $131,000 of loans were in farm loans. $0 of loans were in credit card loans. $695,000 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 19 $3,008 $158,316
    Nonfarm, nonresidential loans - <$100k 2 $51 $25,500
    Nonfarm, nonresidential loans - $100-250k 11 $1,200 $109,091
    Nonfarm, nonresidential loans - $250k-1MM 6 $1,757 $292,833
    Commercial & Industrial, US addressed loans - <$1MM 1,408 $78,116 $55,480
    Commercial & Industrial, US addressed loans - <$100k 911 $28,735 $31,542
    Commercial & Industrial, US addressed loans - $100-250k 448 $38,712 $86,411
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $10,669 $217,735
    Farmland loans - <$1MM 10 $1,707 $170,700
    Farmland loans - <$100k 1 $43 $43,000
    Farmland loans - $100-250k 5 $667 $133,400
    Farmland loans - $250k-1MM 4 $997 $249,250
    Agriculture operations loans - <$1MM 1 $131 $131,000
    Agriculture operations loans - $100-250k 1 $131 $131,000