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, Detroit, Atlanta, and Vicksburg among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)

Liberty Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Liberty Bank And Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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

276

Origination Dollar Volume (All Markets)

$66,420,000

Employee count

155

Awards

Liberty Bank and Trust Company FHA Loans silver

Show all (1) awards

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)	124	$33,150,000	$267,339	$5,285	3.72%
JACKSON, MS (FHA\|USDA\|VA)	37	$6,285,000	$169,865	$4,684	3.26%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	20	$3,290,000	$164,500	$3,204	4.33%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	7	$3,145,000	$449,286	$6,630	4.00%
Vicksburg, MS (FHA\|USDA\|VA)	20	$2,920,000	$146,000	$4,467	3.55%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	4	$2,460,000	$615,000	$10,492	3.69%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	9	$2,315,000	$257,222	$23,464	3.73%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	7	$1,685,000	$240,714	$3,946	3.49%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	1	$1,205,000	$1,205,000	$17,809	4.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$995,000	$995,000	$14,251	3.88%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	2	$920,000	$460,000	$7,232	2.56%
BATON ROUGE, LA (FHA\|USDA\|VA)	4	$760,000	$190,000	$5,342	3.50%
HAMMOND, LA (FHA\|USDA\|VA)	1	$715,000	$715,000	$4,478	3.25%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	4	$630,000	$157,500	$3,437	3.04%
MONTGOMERY, AL (FHA\|USDA\|VA)	3	$535,000	$178,333	$6,785	2.75%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	3	$525,000	$175,000	$4,704	3.41%
Outside of Metro Areas	4	$450,000	$112,500	$4,375	4.88%
LOUISVILLE, KY (FHA\|USDA\|VA)	3	$435,000	$145,000	$3,350	4.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	2	$430,000	$215,000	$4,299	3.63%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	3	$425,000	$141,667	$3,943	2.38%
STOCKTON, CA (FHA\|USDA\|VA)	1	$395,000	$395,000	$7,379	2.99%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$355,000	$355,000	$410	5.50%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	0.00%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	1	$335,000	$335,000	$6,684	4.25%
COLUMBIA, SC (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,192	2.75%
TULSA, OK (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,962	2.88%
SALEM, OR (FHA\|USDA\|VA)	1	$205,000	$205,000	$5,781	2.99%
LAFAYETTE, LA (FHA\|USDA\|VA)	1	$195,000	$195,000	$4,435	3.49%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$195,000	$195,000	$4,225	2.75%
MUSKEGON, MI (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,831	2.99%
Cleveland, MS (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,712	5.13%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,402	5.50%
BEAUMONT-PORT ARTHUR, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,066	3.13%
Greenville, MS (FHA\|USDA\|VA)	1	$65,000	$65,000	$1,338	5.50%
Laurel, MS (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,679	3.50%
Natchitoches, LA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

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

Their top states include:

Louisiana (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

California (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Similar Lenders

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	194	$52,340,000	$269,794	$5,932	3.75%
FHA	62	$10,290,000	$165,968	$5,782	3.46%
USDA	13	$2,165,000	$166,538	$4,151	3.10%
VA	7	$1,625,000	$232,143	$2,811	3.45%

For 2020, Liberty Bank And Trust Company's most frequently originated type of loan was Conventional, with 194 originations. Their 2nd most popular type was FHA, with 62 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	179	$44,225,000	$247,067	$5,799	3.66%
Refi	68	$16,750,000	$246,324	$5,617	3.23%
Cash Out Refi	23	$4,835,000	$210,217	$5,060	4.09%
Home Improvement	5	$555,000	$111,000	$0	0.00%
Other	1	$55,000	$55,000	$0	0.00%

For 2020, 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 68 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	203	$49,605,000	$244,360	$5,202	3.62%
Other	52	$11,720,000	$225,385	$0	0.00%
15 Year	16	$4,120,000	$257,500	$12,303	3.68%
20 Year	5	$975,000	$195,000	$4,183	3.52%

For 2020, Liberty Bank And Trust Company's most frequently cited loan duration was 30 Year, with 203 originations. The 2nd most popular length was Other, with 52 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	67	$9,895,000	$147,687
$<1k	64	$15,550,000	$242,969
$2k-3k	46	$7,850,000	$170,652
$3k-4k	22	$6,410,000	$291,364
$5k+	14	$10,810,000	$772,143
$4k-5k	11	$4,185,000	$380,455

Liberty Bank And Trust Company's average total fees were $5,202, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 67 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	96	$21,520,000	$224,167
2.5-3%	63	$15,885,000	$252,143
4-5%	32	$9,940,000	$310,625
5-6%	20	$4,360,000	$218,000
<2.5%	10	$2,380,000	$238,000
6-7%	3	$615,000	$205,000

During 2020, Liberty Bank And Trust Company's average interest rate for loans was 3.62%, while their most frequently originated rate bucket for loans was 3-4%, with 96 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	118	$17,380,000	$147,288	$5,745	3.57%
$200k-400k	86	$23,900,000	$277,907	$5,112	3.64%
$100,000 or less	42	$2,890,000	$68,810	$3,406	4.01%
$400k-600k	19	$9,015,000	$474,474	$7,076	3.10%
$1MM+	6	$9,300,000	$1,550,000	$20,489	4.15%
$600k-1MM	5	$3,935,000	$787,000	$8,565	4.13%

2020 saw Liberty Bank And Trust Company place emphasis on $100k-200k loans with 118 originations, totaling $17,380,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	61	$7,295,000	$119,590	$4,646	3.46%
$50k-75k	50	$8,730,000	$174,600	$4,322	3.58%
$100k-150k	46	$11,780,000	$256,087	$5,112	3.52%
$75k-100k	42	$8,710,000	$207,381	$4,668	3.58%
$250k+	25	$15,945,000	$637,800	$14,407	3.90%
$150k-250k	24	$6,990,000	$291,250	$5,061	4.08%

Liberty Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 50 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	59	$14,495,000	$245,678	$5,106	3.50%
Exempt%	52	$11,720,000	$225,385	$0	0.00%
<20%	38	$8,860,000	$233,158	$7,935	3.47%
30-36%	32	$9,380,000	$293,125	$5,079	3.69%
36%	10	$1,800,000	$180,000	$4,440	3.48%
41%	9	$1,895,000	$210,556	$3,411	3.42%
50-60%	9	$1,285,000	$142,778	$6,620	3.66%
40%	9	$1,905,000	$211,667	$4,415	3.67%
38%	8	$1,550,000	$193,750	$5,361	4.17%
44%	8	$1,290,000	$161,250	$4,539	3.75%
42%	7	$1,355,000	$193,571	$4,901	3.66%
43%	7	$1,195,000	$170,714	$5,837	3.64%
45%	6	$1,690,000	$281,667	$4,146	3.19%
39%	5	$745,000	$149,000	$4,246	4.30%
46%	5	$3,405,000	$681,000	$10,537	3.88%
47%	3	$725,000	$241,667	$6,414	3.67%
48%	3	$405,000	$135,000	$4,807	4.46%
49%	2	$170,000	$85,000	$3,790	3.14%
>60%	2	$1,470,000	$735,000	$14,302	4.69%
37%	2	$1,080,000	$540,000	$5,418	4.13%

Liberty Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? Exempt%, with 52 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Black	220	$51,220,000	$232,818	$5,083	3.65%
Not applicable	23	$6,055,000	$263,261	$0	0.00%
Not provided	14	$5,360,000	$382,857	$15,337	3.40%
White	15	$2,655,000	$177,000	$4,428	3.39%
Vietnamese	2	$670,000	$335,000	$0	0.00%
Asian Indian	1	$285,000	$285,000	$5,161	2.88%
Asian	1	$175,000	$175,000	$3,596	4.99%

Approval Rates

Total approvals of all applications
90.26%

Liberty Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
47.83%

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	52	$11,720,000	$225,385
NA	224	$54,700,000	$244,196

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$3,710,000	$927,500
Single Family (1-4 Units):Manufactured	1	$55,000	$55,000
Single Family (1-4 Units):Site-Built	271	$62,655,000	$231,199

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	$28,608
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	$11,967
Liberty Bank and Trust Company	2325 Livingston Road Jackson, MS 39217	Full Service B&M	$26,719
Liberty Bank and Trust Company	2714 Canal Street New Orleans, LA 70119	Full Service B&M	$258,121
Liberty Bank and Trust Company	3002 Gentilly Boulevard New Orleans, LA 70122	Full Service B&M	$47,966
Liberty Bank and Trust Company	301 North Elm Street Tuskegee, AL 36083	Full Service B&M	$27,866
Liberty Bank and Trust Company	3535 General De Gaulle Drive New Orleans, LA 70114	Full Service B&M	$8,905
Liberty Bank and Trust Company	4141 Carmichael Road Montgomery, AL 36106	Full Service B&M	$29,587
Liberty Bank and Trust Company	4701 Troost Avenue Kansas City, MO 64110	Full Service B&M	$17,847
Liberty Bank and Trust Company	4707 Perkins Road Baton Rouge, LA 70808	Full Service B&M	$9,047
Liberty Bank and Trust Company	6600 Franklin Avenue New Orleans, LA 70122	Full Service B&M	$1,486
Liberty Bank and Trust Company	6600 Plaza Dr, 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	$59,259
Liberty Bank and Trust Company	7610 Roosevelt Road Forest Park, IL 60130	Full Service B&M	$34,544
Liberty Bank and Trust Company	7990 Scenic Highway Baton Rouge, LA 70807	Full Service B&M	$25,434
Liberty Bank and Trust Company	900 S 12th St Louisville, KY 40210	Full Service B&M	$19,356
Liberty Bank and Trust Company	9108 Woodward Ave Detroit, MI 48202	Full Service B&M	$29,494

For 2020, Liberty Bank And Trust Company had 18 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$28,816
Net interest income	$24,910
Total noninterest income	$5,997
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,663
Trading account gains and fees	$0
Additional Noninterest Income	$4,334
Pre-tax net operating income	$4,742
Securities gains (or losses, -)	$318
Income before extraordinary items	$4,198
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,198
Minority interest net income	$0
Net income	$4,198
Sale, conversion, retirement of capital stock, net	$12,887
Net operating income	$3,934

Liberty Bank And Trust Company's gross interest income from loans was $28,816,000.
Liberty Bank And Trust Company's net interest income from loans was $24,910,000.
Liberty Bank And Trust Company's fee based income from loans was $1,663,000.
Liberty Bank And Trust Company's net income from loans was $4,198,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,906
Provision for credit losses	$2,226
Total noninterest expense	$23,939
Salaries and employee benefits	$11,601
Premises and equipment expense	$6,078
Additional noninterest expense	$6,260
Applicable income taxes	$862
Net charge-offs	$1,042
Cash dividends	$0

Liberty Bank And Trust Company's interest expense for loans was $3,906,000.
Liberty Bank And Trust Company's payroll and benefits expense were $11,601,000.
Liberty Bank And Trust Company's property, plant and equipment expenses $6,078,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
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	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.2%
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	$649,954
Deposits held in domestic offices	$649,954
Deposits by Individuals, partnerships, and corporations	$560,563
Deposits by U.S. Government	$4
Deposits by States and political subdivisions in the U.S.	$89,387
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	$79,818
Demand deposits	$38,013
Nontransaction accounts	$570,136
Money market deposit accounts (MMDAs)	$1,141
Other savings deposits (excluding MMDAs)	$451,852
Total time deposits	$117,143
Total time and savings deposits	$611,941
Noninterest-bearing deposits	$143,811
Interest-bearing deposits	$506,143
Retail deposits	$578,432
IRAs and Keogh plan accounts	$7,213
Brokered deposits	$32,275
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$766,341
Cash & Balances due from depository institutions	$118,005
Interest-bearing balances	$114,107
Total securities	$135,947
Federal funds sold & reverse repurchase	$39,472
Net loans and leases	$427,270
Loan and leases loss allowance	$5,754
Trading account assets	$0
Bank premises and fixed assets	$17,894
Other real estate owned	$1,212
Goodwill and other intangibles	$360
All other assets	$26,181

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$766,341
Total Liabilities	$688,537
Total deposits	$649,954
Interest-bearing deposits	$506,143
Deposits held in domestic offices	$649,954
% insured (estimated)	$59
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$28,235
Subordinated debt	$0
All other liabilities	$10,348

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$427,270
Loan and leases loss allowance	$5,754
Total loans and leases (domestic)	$433,024
All real estate loans	$335,682
Real estate loans in domestic offices	$335,682
Construction and development loans	$10,662
Residential 1-4 family construction	$1,669
Other construction, all land development and other land	$8,993
Loans secured by nonfarm nonresidential properties	$129,170
Nonfarm nonresidential secured by owner-occupied properties	$86,560
Commercial real estate & other non-farm, non-residential	$42,610
Multifamily residential real estate	$28,709
1-4 family residential loans	$167,141
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$70,823
To non-U.S. addressees	$0
Loans to individuals	$25,351
Credit card loans	$6,543
Related Plans	$480
Consumer Auto Loans	$751
Other loans to individuals	$17,577
All other loans & leases	$1,168
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	$4,462
Non 1-4 family restructured loans & leases	$189
Total loans and leases (foreign)	$0

Liberty Bank and Trust Company had $427,270,000 of loans outstanding in 2020. $335,682,000 of loans were in real estate loans. $10,662,000 of loans were in development loans. $28,709,000 of loans were in multifamily mortgage loans. $167,141,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $6,543,000 of loans were in credit card loans. $751,000 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	289	$44,915	$155,415
Nonfarm, nonresidential loans - <$100k	115	$4,052	$35,235
Nonfarm, nonresidential loans - $100-250k	97	$11,816	$121,814
Nonfarm, nonresidential loans - $250k-1MM	77	$29,047	$377,234
Commercial & Industrial, US addressed loans - <$1MM	521	$35,991	$69,081
Commercial & Industrial, US addressed loans - <$100k	421	$10,513	$24,971
Commercial & Industrial, US addressed loans - $100-250k	64	$9,214	$143,969
Commercial & Industrial, US addressed loans - $250k-1MM	36	$16,264	$451,778