Liberty Bank And Trust Company Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300OJTK0IPSNDA832
Tax ID: 72-0719924
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Bank Data
Review & Overview
Liberty Bank And Trust Company is a smaller bank specializing in Home Purchase 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, San Francisco, and Atlanta among others. We have data for 37 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
265Origination Dollar Volume (All Markets)
$64,615,000Employee count
171Top 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) | 108 | $28,370,000 | $262,685 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 41 | $7,525,000 | $183,537 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 33 | $4,925,000 | $149,242 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $3,855,000 | $3,855,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 15 | $2,425,000 | $161,667 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 6 | $1,180,000 | $196,667 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Greenville, MS (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $365,000 | $121,667 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
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Product Mix
For 2021, Liberty Bank And Trust Company's most frequently originated type of loan was Conventional, with 162 originations. Their 2nd most popular type was FHA, with 80 originations.
Loan Reason
For 2021, Liberty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 265 | $64,615,000 | $243,830 | $0 | 0.00% |
For 2021, Liberty Bank And Trust Company's most frequently cited loan duration was Other, with 265 originations.
Loan Sizing
2021 saw Liberty Bank And Trust Company place emphasis on $100k-200k loans with 119 originations, totaling $17,895,000 in origination value.
Applicant Income
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 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 265 | $64,615,000 | $243,830 | $0 | 0.00% |
Liberty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 265 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.74%
Liberty Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination51.70%
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 | 265 | $64,615,000 | $243,830 |
Complaints
| Bank Name | Product | Issue | 2021 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 | $25,476 |
| 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 | $12,656 |
| Liberty Bank and Trust Company | 2325 Livingston Road Jackson, MS 39217 | Full Service B&M | $31,237 |
| Liberty Bank and Trust Company | 2714 Canal Street New Orleans, LA 70119 | Full Service B&M | $323,973 |
| Liberty Bank and Trust Company | 3002 Gentilly Boulevard New Orleans, LA 70122 | Full Service B&M | $60,672 |
| Liberty Bank and Trust Company | 301 North Elm Street Tuskegee, AL 36083 | Full Service B&M | $28,600 |
| Liberty Bank and Trust Company | 3535 General De Gaulle Drive New Orleans, LA 70114 | Full Service B&M | $12,276 |
| Liberty Bank and Trust Company | 4141 Carmichael Road Montgomery, AL 36106 | Full Service B&M | $41,833 |
| Liberty Bank and Trust Company | 4701 Troost Avenue Kansas City, MO 64110 | Full Service B&M | $21,313 |
| Liberty Bank and Trust Company | 4707 Perkins Road Baton Rouge, LA 70808 | Full Service B&M | $11,341 |
| Liberty Bank and Trust Company | 6600 Franklin Avenue New Orleans, LA 70122 | Full Service B&M | $1,570 |
| 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 | $72,220 |
| Liberty Bank and Trust Company | 7610 Roosevelt Road Forest Park, IL 60130 | Full Service B&M | $38,453 |
| Liberty Bank and Trust Company | 7990 Scenic Highway Baton Rouge, LA 70807 | Full Service B&M | $30,852 |
| Liberty Bank and Trust Company | 900 S 12th St Louisville, KY 40210 | Full Service B&M | $16,816 |
| Liberty Bank and Trust Company | 9108 Woodward Ave Detroit, MI 48202 | Full Service B&M | $38,618 |
For 2021, Liberty Bank And Trust Company had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $29,555 |
| Net interest income | $26,318 |
| Total noninterest income | $8,626 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,760 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,866 |
| Pre-tax net operating income | $7,164 |
| Securities gains (or losses, -) | $-97 |
| Income before extraordinary items | $5,509 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,509 |
| Minority interest net income | $0 |
| Net income | $5,509 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,585 |
Liberty Bank And Trust Company's gross interest income from loans was $29,555,000.
Liberty Bank And Trust Company's net interest income from loans was $26,318,000.
Liberty Bank And Trust Company's fee based income from loans was $1,760,000.
Liberty Bank And Trust Company's net income from loans was $5,509,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,237 |
| Provision for credit losses | $1,826 |
| Total noninterest expense | $25,954 |
| Salaries and employee benefits | $12,825 |
| Premises and equipment expense | $6,208 |
| Additional noninterest expense | $6,921 |
| Applicable income taxes | $1,558 |
| Net charge-offs | $437 |
| Cash dividends | $2,506 |
Liberty Bank And Trust Company's interest expense for loans was $3,237,000.
Liberty Bank And Trust Company's payroll and benefits expense were $12,825,000.
Liberty Bank And Trust Company's property, plant and equipment expenses $6,208,000.
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 | 0.6% |
| 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 | $851,605 |
| Deposits held in domestic offices | $851,605 |
| Deposits by Individuals, partnerships, and corporations | $739,458 |
| Deposits by U.S. Government | $13 |
| Deposits by States and political subdivisions in the U.S. | $112,134 |
| 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 | $161,617 |
| Demand deposits | $49,137 |
| Nontransaction accounts | $689,988 |
| Money market deposit accounts (MMDAs) | $1,434 |
| Other savings deposits (excluding MMDAs) | $571,691 |
| Total time deposits | $116,863 |
| Total time and savings deposits | $802,468 |
| Noninterest-bearing deposits | $263,819 |
| Interest-bearing deposits | $587,786 |
| Retail deposits | $783,648 |
| IRAs and Keogh plan accounts | $7,520 |
| Brokered deposits | $17,336 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $971,090 |
| Cash & Balances due from depository institutions | $84,979 |
| Interest-bearing balances | $77,239 |
| Total securities | $271,961 |
| Federal funds sold & reverse repurchase | $61,634 |
| Net loans and leases | $502,599 |
| Loan and leases loss allowance | $7,143 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,230 |
| Other real estate owned | $710 |
| Goodwill and other intangibles | $274 |
| All other assets | $30,703 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $971,090 |
| Total Liabilities | $883,590 |
| Total deposits | $851,605 |
| Interest-bearing deposits | $587,786 |
| Deposits held in domestic offices | $851,605 |
| % insured (estimated) | $57 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,000 |
| Subordinated debt | $0 |
| All other liabilities | $11,985 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $502,599 |
| Loan and leases loss allowance | $7,143 |
| Total loans and leases (domestic) | $509,742 |
| All real estate loans | $414,876 |
| Real estate loans in domestic offices | $414,876 |
| Construction and development loans | $14,378 |
| Residential 1-4 family construction | $4,507 |
| Other construction, all land development and other land | $9,871 |
| Loans secured by nonfarm nonresidential properties | $180,051 |
| Nonfarm nonresidential secured by owner-occupied properties | $109,076 |
| Commercial real estate & other non-farm, non-residential | $70,975 |
| Multifamily residential real estate | $48,882 |
| 1-4 family residential loans | $171,565 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $64,206 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $29,674 |
| Credit card loans | $6,514 |
| Related Plans | $530 |
| Consumer Auto Loans | $1,180 |
| Other loans to individuals | $21,450 |
| All other loans & leases | $986 |
| 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 | $7,114 |
| Non 1-4 family restructured loans & leases | $2,826 |
| Total loans and leases (foreign) | $0 |
Liberty Bank and Trust Company had $502,599,000 of loans outstanding in 2021. $414,876,000 of loans were in real estate loans. $14,378,000 of loans were in development loans. $48,882,000 of loans were in multifamily mortgage loans. $171,565,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $6,514,000 of loans were in credit card loans. $1,180,000 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 | 349 | $55,135 | $157,980 |
| Nonfarm, nonresidential loans - <$100k | 153 | $5,211 | $34,059 |
| Nonfarm, nonresidential loans - $100-250k | 99 | $11,783 | $119,020 |
| Nonfarm, nonresidential loans - $250k-1MM | 97 | $38,141 | $393,206 |
| Commercial & Industrial, US addressed loans - <$1MM | 403 | $28,658 | $71,112 |
| Commercial & Industrial, US addressed loans - <$100k | 332 | $8,085 | $24,352 |
| Commercial & Industrial, US addressed loans - $100-250k | 47 | $7,087 | $150,787 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 24 | $13,486 | $561,917 |