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, Fresno, Los Angeles, Santa Cruz, and Santa Maria 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

    123

    Origination Dollar Volume (All Markets)

    $20,655,000

    Employee count

    32

    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) 57 $11,785,000 $206,754 $0 5.63%
    FRESNO, CA (FHA|USDA|VA) 6 $1,490,000 $248,333 $0 5.76%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $1,215,000 $135,000 $0 5.96%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 6 $1,020,000 $170,000 $0 6.19%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 9 $955,000 $106,111 $0 5.77%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $895,000 $99,444 $0 5.91%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $760,000 $126,667 $0 5.65%
    SALINAS, CA (FHA|USDA|VA) 2 $580,000 $290,000 $0 5.93%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $495,000 $165,000 $0 6.08%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $445,000 $148,333 $0 5.68%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $340,000 $170,000 $0 5.65%
    MODESTO, CA (FHA|USDA|VA) 3 $175,000 $58,333 $0 6.52%
    Sonora, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.65%
    NAPA, CA (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.98%
    Outside of Metro Areas 2 $120,000 $60,000 $0 6.13%
    MADERA, CA (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.15%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.45%
    Murphy Bank's top markets include San Luis Obispo, Fresno, Los Angeles, Santa Cruz, and Santa Maria among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $20,655,000 $167,927 $0 5.79%

    For 2020, Murphy Bank's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $16,455,000 $184,888 $0 5.78%
    Cash Out Refi 14 $1,870,000 $133,571 $0 5.81%
    Other 9 $465,000 $51,667 $0 6.05%
    Refi 8 $1,390,000 $173,750 $0 5.72%
    Home Improvement 3 $475,000 $158,333 $0 5.42%

    For 2020, Murphy Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $20,655,000 $167,927 $0 5.79%

    For 2020, Murphy Bank's most frequently cited loan duration was Other, with 123 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 82 $15,570,000 $189,878
    6-7% 29 $2,325,000 $80,172
    4-5% 10 $2,670,000 $267,000
    7-8% 2 $90,000 $45,000

    During 2020, Murphy Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $3,390,000 $62,778 $0 6.04%
    $100k-200k 37 $5,605,000 $151,486 $0 5.65%
    $200k-400k 21 $5,755,000 $274,048 $0 5.58%
    $400k-600k 10 $4,900,000 $490,000 $0 5.40%
    $1MM+ 1 $1,005,000 $1,005,000 $0 5.35%

    2020 saw Murphy Bank place emphasis on $100,000 or less loans with 54 originations, totaling $3,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $5,905,000 $190,484 $0 5.76%
    $75k-100k 27 $2,785,000 $103,148 $0 5.84%
    $150k-250k 21 $4,365,000 $207,857 $0 5.84%
    $50k-75k 21 $2,315,000 $110,238 $0 5.78%
    $250k+ 11 $4,225,000 $384,091 $0 5.42%
    $50k or less 8 $410,000 $51,250 $0 5.94%

    Murphy Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $75k-100k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $6,470,000 $154,048 $0 5.80%
    30-36% 34 $5,640,000 $165,882 $0 5.85%
    <20% 23 $3,275,000 $142,391 $0 5.65%
    40% 4 $470,000 $117,500 $0 6.00%
    39% 3 $825,000 $275,000 $0 5.58%
    36% 3 $425,000 $141,667 $0 5.62%
    38% 3 $1,385,000 $461,667 $0 5.75%
    37% 2 $290,000 $145,000 $0 5.90%
    43% 2 $510,000 $255,000 $0 6.10%
    42% 1 $185,000 $185,000 $0 5.65%
    45% 1 $445,000 $445,000 $0 5.35%
    48% 1 $85,000 $85,000 $0 5.65%

    Murphy Bank lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $16,410,000 $167,449 $0 5.75%
    Not provided 16 $3,110,000 $194,375 $0 5.80%
    Not applicable 4 $650,000 $162,500 $0 6.08%
    Asian 4 $330,000 $82,500 $0 6.38%
    Native Hawaiian or Islander 1 $155,000 $155,000 $0 5.65%

    Approval Rates

    Total approvals of all applications
    76.95%

    Murphy Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.97%

    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 123 $20,655,000 $167,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 113 $16,435,000 $145,442
    Single Family (1-4 Units):Site-Built 10 $4,220,000 $422,000

    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 $232,699
    Murphy Bank 892 Aerovista Place, Suite 110 San Luis Obispo, CA 93401 Full Service B&M $23,354

    For 2020, Murphy Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,757
    Net interest income $13,520
    Total noninterest income $199
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $0
    Trading account gains and fees $0
    Additional Noninterest Income $199
    Pre-tax net operating income $6,710
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,470
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,470
    Minority interest net income $0
    Net income $6,470
    Sale, conversion, retirement of capital stock, net $411
    Net operating income $6,470

    Murphy Bank's gross interest income from loans was $17,757,000.
    Murphy Bank's net interest income from loans was $13,520,000.
    Murphy Bank's fee based income from loans was $0.
    Murphy Bank's net income from loans was $6,470,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,237
    Provision for credit losses $439
    Total noninterest expense $6,570
    Salaries and employee benefits $4,048
    Premises and equipment expense $1,057
    Additional noninterest expense $1,465
    Applicable income taxes $240
    Net charge-offs $115
    Cash dividends $3,895

    Murphy Bank's interest expense for loans was $4,237,000.
    Murphy Bank's payroll and benefits expense were $4,048,000.
    Murphy Bank's property, plant and equipment expenses $1,057,000.

    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 $269,565
    Deposits held in domestic offices $269,565
    Deposits by Individuals, partnerships, and corporations $194,079
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,558
    Deposits by Commercial banks and other depository institutions in U.S. $63,928
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,957
    Demand deposits $793
    Nontransaction accounts $267,608
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $38,807
    Total time deposits $228,801
    Total time and savings deposits $268,772
    Noninterest-bearing deposits $1,957
    Interest-bearing deposits $267,608
    Retail deposits $187,888
    IRAs and Keogh plan accounts $7,944
    Brokered deposits $16,783
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $318,892
    Cash & Balances due from depository institutions $37,094
    Interest-bearing balances $34,954
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $276,650
    Loan and leases loss allowance $2,992
    Trading account assets $0
    Bank premises and fixed assets $817
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,331

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $318,892
    Total Liabilities $282,191
    Total deposits $269,565
    Interest-bearing deposits $267,608
    Deposits held in domestic offices $269,565
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $626

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $276,650
    Loan and leases loss allowance $2,992
    Total loans and leases (domestic) $279,642
    All real estate loans $50,253
    Real estate loans in domestic offices $50,253
    Construction and development loans $2,160
    Residential 1-4 family construction $493
    Other construction, all land development and other land $1,667
    Loans secured by nonfarm nonresidential properties $2,746
    Nonfarm nonresidential secured by owner-occupied properties $658
    Commercial real estate & other non-farm, non-residential $2,088
    Multifamily residential real estate $1,043
    1-4 family residential loans $42,838
    Farmland loans $1,466
    Loans held in foreign offices $0
    Farm loans $70
    Commercial and industrial loans $92,268
    To non-U.S. addressees $0
    Loans to individuals $62,281
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,181
    Other loans to individuals $61,100
    All other loans & leases $74,770
    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 $214
    Non 1-4 family restructured loans & leases $214
    Total loans and leases (foreign) $0

    Murphy Bank had $276,650,000 of loans outstanding in 2020. $50,253,000 of loans were in real estate loans. $2,160,000 of loans were in development loans. $1,043,000 of loans were in multifamily mortgage loans. $42,838,000 of loans were in 1-4 family mortgage loans. $70,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,181,000 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 17 $2,746 $161,529
    Nonfarm, nonresidential loans - <$100k 1 $11 $11,000
    Nonfarm, nonresidential loans - $100-250k 9 $887 $98,556
    Nonfarm, nonresidential loans - $250k-1MM 7 $1,848 $264,000
    Commercial & Industrial, US addressed loans - <$1MM 1,509 $90,674 $60,089
    Commercial & Industrial, US addressed loans - <$100k 965 $31,768 $32,920
    Commercial & Industrial, US addressed loans - $100-250k 495 $45,069 $91,048
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $13,837 $282,388
    Farmland loans - <$1MM 9 $1,466 $162,889
    Farmland loans - $100-250k 5 $547 $109,400
    Farmland loans - $250k-1MM 4 $919 $229,750
    Agriculture operations loans - <$1MM 1 $70 $70,000
    Agriculture operations loans - $100-250k 1 $70 $70,000