Liberty Bank And Trust Company Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300OJTK0IPSNDA832

Tax ID: 72-0719924

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Liberty Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Liberty Bank And Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Jackson, Houston, Detroit, and Vicksburg among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

Liberty Bank And Trust Company 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

188

Origination Dollar Volume (All Markets)

$37,080,000

Employee count

150

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
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	106	$21,800,000	$205,660	$0	0.00%
JACKSON, MS (FHA\|USDA\|VA)	26	$3,660,000	$140,769	$0	0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$3,110,000	$1,555,000	$0	0.00%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	11	$2,225,000	$202,273	$0	0.00%
Vicksburg, MS (FHA\|USDA\|VA)	19	$1,825,000	$96,053	$0	0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	2	$890,000	$445,000	$0	0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$735,000	$735,000	$0	0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$525,000	$525,000	$0	0.00%
Outside of Metro Areas	4	$390,000	$97,500	$0	0.00%
BATON ROUGE, LA (FHA\|USDA\|VA)	3	$275,000	$91,667	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	0.00%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	0.00%
Greenville, MS (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
MONTGOMERY, AL (FHA\|USDA\|VA)	2	$160,000	$80,000	$0	0.00%
West Point, MS (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
HOUMA-THIBODAUX, LA (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%
Selma, AL (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%
Clarksdale, MS (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

Liberty Bank And Trust Company's top markets include New Orleans, Jackson, Houston, Detroit, and Vicksburg among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Liberty Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

GREATER NEW ORLEANS
Similarity Rank: 182

America's Mortgage Resource, Inc.
Similarity Rank: 315

JEFFERSON FINANCIAL
Similarity Rank: 448

Florida Parishes Bank
Similarity Rank: 576

Home Bank
Similarity Rank: 608

KEESLER
Similarity Rank: 936

BankPlus
Similarity Rank: 1260

CLEARPATH LENDING
Similarity Rank: 1610

Community Bank of Mississippi
Similarity Rank: 1924

The Home Lending Group LLC
Similarity Rank: 2640

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	113	$26,515,000	$234,646	$0	0.00%
FHA	58	$8,080,000	$139,310	$0	0.00%
USDA	13	$1,805,000	$138,846	$0	0.00%
VA	4	$680,000	$170,000	$0	0.00%

For 2018, Liberty Bank And Trust Company's most frequently originated type of loan was Conventional, with 113 originations. Their 2nd most popular type was FHA, with 58 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	129	$21,335,000	$165,388	$0	0.00%
Refi	43	$12,565,000	$292,209	$0	0.00%
Cash Out Refi	14	$2,720,000	$194,286	$0	0.00%
Home Improvement	2	$460,000	$230,000	$0	0.00%

For 2018, Liberty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 43 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	188	$37,080,000	$197,234	$0	0.00%

For 2018, Liberty Bank And Trust Company's most frequently cited loan duration was Other, with 188 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	87	$11,885,000	$136,609	$0	0.00%
$100,000 or less	46	$3,320,000	$72,174	$0	0.00%
$200k-400k	39	$10,295,000	$263,974	$0	0.00%
$400k-600k	10	$4,570,000	$457,000	$0	0.00%
$600k-1MM	5	$4,005,000	$801,000	$0	0.00%
$1MM+	1	$3,005,000	$3,005,000	$0	0.00%

2018 saw Liberty Bank And Trust Company place emphasis on $100k-200k loans with 87 originations, totaling $11,885,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	72	$8,150,000	$113,194	$0	0.00%
$50k-75k	38	$5,570,000	$146,579	$0	0.00%
$75k-100k	26	$5,380,000	$206,923	$0	0.00%
$100k-150k	17	$3,575,000	$210,294	$0	0.00%
$150k-250k	17	$5,395,000	$317,353	$0	0.00%
$250k+	11	$7,075,000	$643,182	$0	0.00%

Liberty Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 72 originations. The second most popular income band? $50k-75k, with 38 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	188	$37,080,000	$197,234	$0	0.00%

Liberty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 188 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Black	159	$27,845,000	$175,126	$0	0.00%
White	17	$6,155,000	$362,059	$0	0.00%
Not applicable	6	$1,650,000	$275,000	$0	0.00%
Not provided	6	$1,430,000	$238,333	$0	0.00%

Approval Rates

Total approvals of all applications
83.16%

Liberty Bank And Trust Company has a below average approval rate.

Pick Rate

Approvals leading to origination
77.13%

Liberty Bank And Trust Company has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	188	$37,080,000	$197,234

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$970,000	$485,000
Single Family (1-4 Units):Manufactured	2	$140,000	$70,000
Single Family (1-4 Units):Site-Built	184	$35,970,000	$195,489

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
Liberty Home Equity Solutions, Inc.	Reverse mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%
Liberty Home Equity Solutions, Inc.	Reverse mortgage	Struggling to pay mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Liberty Bank and Trust Company	1111 South Homan Avenue Chicago, IL 60624	Full Service B&M	$28,499
Liberty Bank and Trust Company	1314 North 5th Street Kansas City, KS 66101	Full Service B&M	$33,873
Liberty Bank and Trust Company	1907 St. Bernard Avenue New Orleans, Orleans Pari, LA 70116	Limited, Drive-thru	$0
Liberty Bank and Trust Company	1950 St. Bernard Avenue New Orleans, LA 70116	Full Service B&M	$11,815
Liberty Bank and Trust Company	2325 Livingston Road Jackson, MS 39217	Full Service B&M	$20,596
Liberty Bank and Trust Company	2714 Canal Street New Orleans, LA 70119	Full Service B&M	$215,815
Liberty Bank and Trust Company	3002 Gentilly Boulevard New Orleans, LA 70122	Full Service B&M	$41,544
Liberty Bank and Trust Company	301 North Elm Street Tuskegee, AL 36083	Full Service B&M	$28,360
Liberty Bank and Trust Company	3535 General De Gaulle Drive New Orleans, LA 70114	Full Service B&M	$7,503
Liberty Bank and Trust Company	4141 Carmichael Road Montgomery, AL 36106	Full Service B&M	$17,486
Liberty Bank and Trust Company	4701 Troost Avenue Kansas City, MO 64110	Full Service B&M	$15,347
Liberty Bank and Trust Company	4707 Perkins Road Baton Rouge, LA 70808	Full Service B&M	$9,125
Liberty Bank and Trust Company	6600 Franklin Avenue New Orleans, LA 70122	Full Service B&M	$1,209
Liberty Bank and Trust Company	6600 Plaza Drive, Suite 600 New Orleans, LA 70127	Full Service B&M	$0
Liberty Bank and Trust Company	7200 Crowder Boulevard New Orleans, LA 70127	Full Service B&M	$39,073
Liberty Bank and Trust Company	7610 Roosevelt Road Forest Park, IL 60130	Full Service B&M	$2,330
Liberty Bank and Trust Company	7990 Scenic Highway Baton Rouge, LA 70807	Full Service B&M	$41,834
Liberty Bank and Trust Company	8796 Greenwell Springs Road Baton Rouge, LA 70814	Full Service B&M	$1,797
Liberty Bank and Trust Company	9108 Woodward Ave Detroit, MI 48202	Full Service B&M	$26,833

For 2018, Liberty Bank And Trust Company had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$27,196
Net interest income	$23,596
Total noninterest income	$5,701
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,927
Trading account gains and fees	$0
Additional Noninterest Income	$3,774
Pre-tax net operating income	$5,761
Securities gains (or losses, -)	$0
Income before extraordinary items	$4,789
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,789
Minority interest net income	$0
Net income	$4,789
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,789

Liberty Bank And Trust Company's gross interest income from loans was $27,196,000.
Liberty Bank And Trust Company's net interest income from loans was $23,596,000.
Liberty Bank And Trust Company's fee based income from loans was $1,927,000.
Liberty Bank And Trust Company's net income from loans was $4,789,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,600
Provision for credit losses	$460
Total noninterest expense	$23,076
Salaries and employee benefits	$11,521
Premises and equipment expense	$5,545
Additional noninterest expense	$6,010
Applicable income taxes	$972
Net charge-offs	$1,471
Cash dividends	$3,832

Liberty Bank And Trust Company's interest expense for loans was $3,600,000.
Liberty Bank And Trust Company's payroll and benefits expense were $11,521,000.
Liberty Bank And Trust Company's property, plant and equipment expenses $5,545,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	1.0%
Multifamily residential loans	0.0%
1-4 family residential loans	2.0%
HELOC loans	0.0%
All other family	2.0%
Commercial & industrial loans	0.0%
Personal loans	1.0%
Credit card loans	1.4%
Other individual loans	1.0%
Auto loans	0.0%
Other consumer loans	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$515,289
Deposits held in domestic offices	$515,289
Deposits by Individuals, partnerships, and corporations	$418,412
Deposits by U.S. Government	$7
Deposits by States and political subdivisions in the U.S.	$96,870
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$80,099
Demand deposits	$40,726
Nontransaction accounts	$435,190
Money market deposit accounts (MMDAs)	$71
Other savings deposits (excluding MMDAs)	$327,734
Total time deposits	$107,385
Total time and savings deposits	$474,563
Noninterest-bearing deposits	$109,226
Interest-bearing deposits	$406,063
Retail deposits	$470,904
IRAs and Keogh plan accounts	$7,174
Brokered deposits	$15,882
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$592,545
Cash & Balances due from depository institutions	$25,837
Interest-bearing balances	$20,464
Total securities	$194,765
Federal funds sold & reverse repurchase	$4,005
Net loans and leases	$323,564
Loan and leases loss allowance	$5,091
Trading account assets	$0
Bank premises and fixed assets	$19,829
Other real estate owned	$1,289
Goodwill and other intangibles	$531
All other assets	$22,725

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$592,545
Total Liabilities	$542,104
Total deposits	$515,289
Interest-bearing deposits	$406,063
Deposits held in domestic offices	$515,289
% insured (estimated)	$63
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$20,000
Subordinated debt	$0
All other liabilities	$6,815

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$323,564
Loan and leases loss allowance	$5,091
Total loans and leases (domestic)	$328,655
All real estate loans	$260,761
Real estate loans in domestic offices	$260,761
Construction and development loans	$9,159
Residential 1-4 family construction	$444
Other construction, all land development and other land	$8,715
Loans secured by nonfarm nonresidential properties	$95,315
Nonfarm nonresidential secured by owner-occupied properties	$77,950
Commercial real estate & other non-farm, non-residential	$17,365
Multifamily residential real estate	$10,066
1-4 family residential loans	$146,221
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$21,768
To non-U.S. addressees	$0
Loans to individuals	$35,057
Credit card loans	$7,907
Related Plans	$504
Consumer Auto Loans	$908
Other loans to individuals	$25,738
All other loans & leases	$11,069
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	$4,250
Non 1-4 family restructured loans & leases	$733
Total loans and leases (foreign)	$0

Liberty Bank and Trust Company had $323,564,000 of loans outstanding in 2018. $260,761,000 of loans were in real estate loans. $9,159,000 of loans were in development loans. $10,066,000 of loans were in multifamily mortgage loans. $146,221,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $7,907,000 of loans were in credit card loans. $908,000 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	276	$42,364	$153,493
Nonfarm, nonresidential loans - <$100k	119	$4,885	$41,050
Nonfarm, nonresidential loans - $100-250k	86	$11,376	$132,279
Nonfarm, nonresidential loans - $250k-1MM	71	$26,103	$367,648
Commercial & Industrial, US addressed loans - <$1MM	265	$15,351	$57,928
Commercial & Industrial, US addressed loans - <$100k	234	$4,847	$20,714
Commercial & Industrial, US addressed loans - $100-250k	14	$2,237	$159,786
Commercial & Industrial, US addressed loans - $250k-1MM	17	$8,267	$486,294