Murphy Bank Mortgage Rates, Fees & Info
Fresno, CALEI: 549300IUGPU6Q7414X38
Tax ID: 77-0005559
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
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, Los Angeles, Santa Cruz, Santa Maria, and Riverside among others. We have data for 20 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.
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
154Origination Dollar Volume (All Markets)
$27,670,000Employee count
34Top 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) | 64 | $11,180,000 | $174,688 | $0 | 5.06% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $2,625,000 | $201,923 | $0 | 4.83% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 13 | $2,595,000 | $199,615 | $0 | 5.08% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 13 | $1,795,000 | $138,077 | $0 | 5.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $1,345,000 | $149,444 | $0 | 4.95% |
| MADERA, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 5.23% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $0 | 5.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $0 | 4.87% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $0 | 5.08% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 4.98% |
| Sonora, CA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 5.20% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 5.45% |
| MERCED, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 4.75% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $475,000 | $67,857 | $0 | 5.10% |
| NAPA, CA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 5.08% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.85% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 5.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 154 | $27,670,000 | $179,675 | $0 | 5.06% |
For 2021, Murphy Bank's most frequently originated type of loan was Conventional, with 154 originations.
Loan Reason
For 2021, Murphy Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 154 | $27,670,000 | $179,675 | $0 | 5.06% |
For 2021, Murphy Bank's most frequently cited loan duration was Other, with 154 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 91 | $17,635,000 | $193,791 |
| 5-6% | 62 | $9,940,000 | $160,323 |
| 7-8% | 1 | $95,000 | $95,000 |
During 2021, Murphy Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 91 originations.
Loan Sizing
2021 saw Murphy Bank place emphasis on $100k-200k loans with 60 originations, totaling $8,450,000 in origination value.
Applicant Income
Murphy 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 36 originations.
Applicant Debt to Income Ratio
Murphy Bank lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.92%
Murphy Bank has a below average approval rate.
Pick Rate
Approvals leading to origination46.75%
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 | 154 | $27,670,000 | $179,675 |
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 | $276,987 |
| Murphy Bank | 892 Aerovista Place, Suite 110 San Luis Obispo, CA 93401 | Full Service B&M | $32,324 |
For 2021, Murphy Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $19,443 |
| Net interest income | $17,594 |
| Total noninterest income | $274 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $274 |
| Pre-tax net operating income | $10,186 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $9,833 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,833 |
| Minority interest net income | $0 |
| Net income | $9,833 |
| Sale, conversion, retirement of capital stock, net | $307 |
| Net operating income | $9,833 |
Murphy Bank's gross interest income from loans was $19,443,000.
Murphy Bank's net interest income from loans was $17,594,000.
Murphy Bank's fee based income from loans was $0.
Murphy Bank's net income from loans was $9,833,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,849 |
| Provision for credit losses | $533 |
| Total noninterest expense | $7,149 |
| Salaries and employee benefits | $4,541 |
| Premises and equipment expense | $1,013 |
| Additional noninterest expense | $1,595 |
| Applicable income taxes | $353 |
| Net charge-offs | $118 |
| Cash dividends | $5,514 |
Murphy Bank's interest expense for loans was $1,849,000.
Murphy Bank's payroll and benefits expense were $4,541,000.
Murphy Bank's property, plant and equipment expenses $1,013,000.
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 | $305,311 |
| Deposits held in domestic offices | $305,311 |
| Deposits by Individuals, partnerships, and corporations | $203,801 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $24,903 |
| Deposits by Commercial banks and other depository institutions in U.S. | $76,607 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $5,437 |
| Demand deposits | $3,880 |
| Nontransaction accounts | $299,874 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $45,964 |
| Total time deposits | $253,911 |
| Total time and savings deposits | $301,431 |
| Noninterest-bearing deposits | $2,437 |
| Interest-bearing deposits | $302,874 |
| Retail deposits | $208,102 |
| IRAs and Keogh plan accounts | $7,344 |
| Brokered deposits | $29,336 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $350,760 |
| Cash & Balances due from depository institutions | $39,081 |
| Interest-bearing balances | $37,342 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $306,706 |
| Loan and leases loss allowance | $3,407 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $558 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,415 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $350,760 |
| Total Liabilities | $309,432 |
| Total deposits | $305,311 |
| Interest-bearing deposits | $302,874 |
| Deposits held in domestic offices | $305,311 |
| % insured (estimated) | $83 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,121 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $306,706 |
| Loan and leases loss allowance | $3,407 |
| Total loans and leases (domestic) | $310,113 |
| All real estate loans | $59,283 |
| Real estate loans in domestic offices | $59,283 |
| Construction and development loans | $1,900 |
| Residential 1-4 family construction | $643 |
| Other construction, all land development and other land | $1,257 |
| Loans secured by nonfarm nonresidential properties | $11,157 |
| Nonfarm nonresidential secured by owner-occupied properties | $5,043 |
| Commercial real estate & other non-farm, non-residential | $6,114 |
| Multifamily residential real estate | $266 |
| 1-4 family residential loans | $43,860 |
| Farmland loans | $2,100 |
| Loans held in foreign offices | $0 |
| Farm loans | $36 |
| Commercial and industrial loans | $102,039 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $74,110 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,116 |
| Other loans to individuals | $72,994 |
| All other loans & leases | $74,644 |
| 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 | $496 |
| Non 1-4 family restructured loans & leases | $133 |
| Total loans and leases (foreign) | $0 |
Murphy Bank had $306,706,000 of loans outstanding in 2021. $59,283,000 of loans were in real estate loans. $1,900,000 of loans were in development loans. $266,000 of loans were in multifamily mortgage loans. $43,860,000 of loans were in 1-4 family mortgage loans. $36,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,116,000 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 | 34 | $10,147 | $298,441 |
| Nonfarm, nonresidential loans - $100-250k | 15 | $1,943 | $129,533 |
| Nonfarm, nonresidential loans - $250k-1MM | 19 | $8,204 | $431,789 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,727 | $101,657 | $58,863 |
| Commercial & Industrial, US addressed loans - <$100k | 1,107 | $36,505 | $32,977 |
| Commercial & Industrial, US addressed loans - $100-250k | 565 | $51,008 | $90,280 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 55 | $14,144 | $257,164 |
| Farmland loans - <$1MM | 8 | $1,230 | $153,750 |
| Farmland loans - <$100k | 1 | $89 | $89,000 |
| Farmland loans - $100-250k | 4 | $573 | $143,250 |
| Farmland loans - $250k-1MM | 3 | $568 | $189,333 |
| Agriculture operations loans - <$1MM | 1 | $36 | $36,000 |
| Agriculture operations loans - $100-250k | 1 | $36 | $36,000 |