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, Vicksburg, Detroit, and Baton Rouge among others. We have data for 19 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.

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Originations

279

Origination Dollar Volume (All Markets)

$56,145,000

Employee count

154

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)	139	$33,725,000	$242,626	$0	0.00%
JACKSON, MS (FHA\|USDA\|VA)	44	$7,020,000	$159,545	$0	0.00%
Vicksburg, MS (FHA\|USDA\|VA)	25	$2,775,000	$111,000	$0	0.00%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	18	$2,720,000	$151,111	$0	0.00%
BATON ROUGE, LA (FHA\|USDA\|VA)	9	$2,145,000	$238,333	$0	0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	9	$1,655,000	$183,889	$0	0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	8	$1,610,000	$201,250	$0	0.00%
Outside of Metro Areas	4	$840,000	$210,000	$0	0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	2	$820,000	$410,000	$0	0.00%
MONTGOMERY, AL (FHA\|USDA\|VA)	5	$525,000	$105,000	$0	0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	4	$490,000	$122,500	$0	0.00%
KANKAKEE, IL (FHA\|USDA\|VA)	1	$375,000	$375,000	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	4	$350,000	$87,500	$0	0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	0.00%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	2	$260,000	$130,000	$0	0.00%
Greenville, MS (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
Starkville, MS (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

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

Their top states include:

Louisiana (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

Texas (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.

First Castle Federal Credit Union
Similarity Rank: 180

Eureka Homestead
Similarity Rank: 201

JEFFERSON FINANCIAL
Similarity Rank: 400

GREATER NEW ORLEANS
Similarity Rank: 516

America's Mortgage Resource, Inc.
Similarity Rank: 612

Home Bank
Similarity Rank: 722

Investar Bank
Similarity Rank: 994

La Capitol Federal Credit Union
Similarity Rank: 1064

The Home Lending Group LLC
Similarity Rank: 1247

Hamilton Mortgage Corporation
Similarity Rank: 1404

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	177	$40,075,000	$226,412	$0	0.00%
FHA	72	$10,060,000	$139,722	$0	0.00%
VA	15	$3,745,000	$249,667	$0	0.00%
USDA	15	$2,265,000	$151,000	$0	0.00%

For 2019, Liberty Bank And Trust Company's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was FHA, with 72 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	179	$34,265,000	$191,425	$0	0.00%
Refi	64	$17,740,000	$277,188	$0	0.00%
Cash Out Refi	24	$3,480,000	$145,000	$0	0.00%
Home Improvement	11	$615,000	$55,909	$0	0.00%
Other	1	$45,000	$45,000	$0	0.00%

For 2019, Liberty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Refi, with 64 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	279	$56,145,000	$201,237	$0	0.00%

For 2019, Liberty Bank And Trust Company's most frequently cited loan duration was Other, with 279 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	121	$17,655,000	$145,909	$0	0.00%
$100,000 or less	75	$4,875,000	$65,000	$0	0.00%
$200k-400k	57	$16,035,000	$281,316	$0	0.00%
$400k-600k	18	$8,640,000	$480,000	$0	0.00%
$1MM+	5	$6,935,000	$1,387,000	$0	0.00%
$600k-1MM	3	$2,005,000	$668,333	$0	0.00%

2019 saw Liberty Bank And Trust Company place emphasis on $100k-200k loans with 121 originations, totaling $17,655,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	70	$7,190,000	$102,714	$0	0.00%
$50k-75k	55	$8,085,000	$147,000	$0	0.00%
$100k-150k	40	$8,640,000	$216,000	$0	0.00%
$75k-100k	37	$6,635,000	$179,324	$0	0.00%
$150k-250k	22	$5,350,000	$243,182	$0	0.00%
$250k+	14	$5,000,000	$357,143	$0	0.00%

Liberty Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 70 originations. The second most popular income band? $50k-75k, with 55 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	279	$56,145,000	$201,237	$0	0.00%

Liberty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 279 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Black	225	$37,905,000	$168,467	$0	0.00%
Not applicable	31	$13,105,000	$422,742	$0	0.00%
White	12	$2,140,000	$178,333	$0	0.00%
Asian	5	$1,555,000	$311,000	$0	0.00%
Not provided	6	$1,440,000	$240,000	$0	0.00%

Approval Rates

Total approvals of all applications
86.62%

Liberty Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
69.53%

Liberty Bank And Trust Company 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	279	$56,145,000	$201,237

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	12	$7,740,000	$645,000
Single Family (1-4 Units):Manufactured	2	$320,000	$160,000
Single Family (1-4 Units):Site-Built	265	$48,085,000	$181,453

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Liberty Finance Co., Inc.	Conventional home mortgage	Struggling to pay mortgage	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Liberty Bank and Trust Company	1314 North 5th Street Kansas City, KS 66101	Full Service B&M	$28,367
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	$11,296
Liberty Bank and Trust Company	2325 Livingston Road Jackson, MS 39217	Full Service B&M	$20,516
Liberty Bank and Trust Company	2714 Canal Street New Orleans, LA 70119	Full Service B&M	$207,282
Liberty Bank and Trust Company	3002 Gentilly Boulevard New Orleans, LA 70122	Full Service B&M	$42,486
Liberty Bank and Trust Company	301 North Elm Street Tuskegee, AL 36083	Full Service B&M	$24,235
Liberty Bank and Trust Company	3535 General De Gaulle Drive New Orleans, LA 70114	Full Service B&M	$7,260
Liberty Bank and Trust Company	4141 Carmichael Road Montgomery, AL 36106	Full Service B&M	$20,240
Liberty Bank and Trust Company	4701 Troost Avenue Kansas City, MO 64110	Full Service B&M	$15,630
Liberty Bank and Trust Company	4707 Perkins Road Baton Rouge, LA 70808	Full Service B&M	$8,152
Liberty Bank and Trust Company	6600 Franklin Avenue New Orleans, LA 70122	Full Service B&M	$1,251
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	$39,847
Liberty Bank and Trust Company	7610 Roosevelt Road Forest Park, IL 60130	Full Service B&M	$30,808
Liberty Bank and Trust Company	7990 Scenic Highway Baton Rouge, LA 70807	Full Service B&M	$22,764
Liberty Bank and Trust Company	8796 Greenwell Springs Road Baton Rouge, LA 70814	Full Service B&M	$1,801
Liberty Bank and Trust Company	9108 Woodward Ave Detroit, MI 48202	Full Service B&M	$27,423

For 2019, Liberty Bank And Trust Company had 18 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$27,614
Net interest income	$23,483
Total noninterest income	$5,938
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,882
Trading account gains and fees	$0
Additional Noninterest Income	$4,056
Pre-tax net operating income	$5,668
Securities gains (or losses, -)	$-20
Income before extraordinary items	$4,676
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,676
Minority interest net income	$0
Net income	$4,676
Sale, conversion, retirement of capital stock, net	$950
Net operating income	$4,692

Liberty Bank And Trust Company's gross interest income from loans was $27,614,000.
Liberty Bank And Trust Company's net interest income from loans was $23,483,000.
Liberty Bank And Trust Company's fee based income from loans was $1,882,000.
Liberty Bank And Trust Company's net income from loans was $4,676,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,131
Provision for credit losses	$500
Total noninterest expense	$23,253
Salaries and employee benefits	$11,115
Premises and equipment expense	$5,432
Additional noninterest expense	$6,706
Applicable income taxes	$972
Net charge-offs	$1,021
Cash dividends	$2,399

Liberty Bank And Trust Company's interest expense for loans was $4,131,000.
Liberty Bank And Trust Company's payroll and benefits expense were $11,115,000.
Liberty Bank And Trust Company's property, plant and equipment expenses $5,432,000.

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	0.0%
Multifamily residential loans	1.0%
1-4 family residential loans	2.0%
HELOC loans	0.0%
All other family	2.0%
Commercial & industrial loans	1.0%
Personal loans	0.0%
Credit card loans	1.4%
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	$514,765
Deposits held in domestic offices	$514,765
Deposits by Individuals, partnerships, and corporations	$426,148
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$88,617
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	$75,211
Demand deposits	$32,601
Nontransaction accounts	$439,554
Money market deposit accounts (MMDAs)	$333
Other savings deposits (excluding MMDAs)	$334,625
Total time deposits	$104,596
Total time and savings deposits	$482,164
Noninterest-bearing deposits	$108,770
Interest-bearing deposits	$405,995
Retail deposits	$461,170
IRAs and Keogh plan accounts	$7,112
Brokered deposits	$15,157
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$600,885
Cash & Balances due from depository institutions	$31,855
Interest-bearing balances	$26,327
Total securities	$173,993
Federal funds sold & reverse repurchase	$9,883
Net loans and leases	$340,003
Loan and leases loss allowance	$4,570
Trading account assets	$0
Bank premises and fixed assets	$18,412
Other real estate owned	$901
Goodwill and other intangibles	$536
All other assets	$25,302

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$600,885
Total Liabilities	$542,381
Total deposits	$514,765
Interest-bearing deposits	$405,995
Deposits held in domestic offices	$514,765
% insured (estimated)	$62
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$20,000
Subordinated debt	$0
All other liabilities	$7,616

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$340,003
Loan and leases loss allowance	$4,570
Total loans and leases (domestic)	$344,573
All real estate loans	$290,802
Real estate loans in domestic offices	$290,802
Construction and development loans	$14,511
Residential 1-4 family construction	$1,187
Other construction, all land development and other land	$13,324
Loans secured by nonfarm nonresidential properties	$111,710
Nonfarm nonresidential secured by owner-occupied properties	$78,700
Commercial real estate & other non-farm, non-residential	$33,010
Multifamily residential real estate	$15,200
1-4 family residential loans	$149,381
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$25,983
To non-U.S. addressees	$0
Loans to individuals	$27,788
Credit card loans	$7,350
Related Plans	$488
Consumer Auto Loans	$831
Other loans to individuals	$19,119
All other loans & leases	$0
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	$5,548
Non 1-4 family restructured loans & leases	$533
Total loans and leases (foreign)	$0

Liberty Bank and Trust Company had $340,003,000 of loans outstanding in 2019. $290,802,000 of loans were in real estate loans. $14,511,000 of loans were in development loans. $15,200,000 of loans were in multifamily mortgage loans. $149,381,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $7,350,000 of loans were in credit card loans. $831,000 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	267	$40,261	$150,790
Nonfarm, nonresidential loans - <$100k	112	$4,361	$38,938
Nonfarm, nonresidential loans - $100-250k	86	$11,580	$134,651
Nonfarm, nonresidential loans - $250k-1MM	69	$24,320	$352,464
Commercial & Industrial, US addressed loans - <$1MM	246	$13,454	$54,691
Commercial & Industrial, US addressed loans - <$100k	214	$4,606	$21,523
Commercial & Industrial, US addressed loans - $100-250k	16	$2,164	$135,250
Commercial & Industrial, US addressed loans - $250k-1MM	16	$6,684	$417,750