Liberty National Bank Mortgage Rates, Fees & Info

Sioux City, IA

LEI: 549300OZ8A612R2D8J95

Tax ID: 48-1293794

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Liberty National Bank is a smaller bank specializing in Home Purchase and Refi loans. Liberty National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Sioux Falls, and Des Moines among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Liberty National Bank 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.

    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

    103

    Origination Dollar Volume (All Markets)

    $20,595,000

    Employee count

    71

    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
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 43 $9,675,000 $225,000 $0 0.00%
    Outside of Metro Areas 29 $5,265,000 $181,552 $0 0.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 12 $3,560,000 $296,667 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 19 $2,095,000 $110,263 $0 0.00%
    Liberty National Bank's top markets include Sioux City, Sioux Falls, and Des Moines among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $20,595,000 $199,951 $0 0.00%

    For 2018, Liberty National Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $5,590,000 $139,750 $0 0.00%
    Refi 40 $11,120,000 $278,000 $0 0.00%
    Cash Out Refi 10 $2,670,000 $267,000 $0 0.00%
    Other 7 $825,000 $117,857 $0 0.00%
    Home Improvement 6 $390,000 $65,000 $0 0.00%

    For 2018, Liberty National Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $20,595,000 $199,951 $0 0.00%

    For 2018, Liberty National Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,345,000 $49,894 $0 0.00%
    $100k-200k 30 $4,340,000 $144,667 $0 0.00%
    $200k-400k 14 $3,360,000 $240,000 $0 0.00%
    $400k-600k 8 $3,800,000 $475,000 $0 0.00%
    $600k-1MM 3 $2,465,000 $821,667 $0 0.00%
    $1MM+ 1 $4,285,000 $4,285,000 $0 0.00%

    2018 saw Liberty National Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $795,000 $53,000 $0 0.00%
    $250k+ 12 $4,060,000 $338,333 $0 0.00%
    $50k-75k 9 $1,355,000 $150,556 $0 0.00%
    $75k-100k 8 $510,000 $63,750 $0 0.00%
    $100k-150k 5 $845,000 $169,000 $0 0.00%
    $150k-250k 4 $1,040,000 $260,000 $0 0.00%

    Liberty National Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $250k+, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $20,595,000 $199,951 $0 0.00%

    Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $11,990,000 $239,800 $0 0.00%
    White 53 $8,605,000 $162,358 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.08%

    Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.35%

    Liberty National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $20,595,000 $199,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $8,405,000 $400,238
    Single Family (1-4 Units):Site-Built 82 $12,190,000 $148,659

    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 National Bank 112 East Main Street Elk Point, SD 57025 Full Service B&M $28,424
    Liberty National Bank 113 Military Road North Sioux City, SD 57049 Full Service B&M $26,134
    Liberty National Bank 133 S Main Ave Sioux Falls, SD 57104 Full Service B&M $29,124
    Liberty National Bank 1807 Highway 71 North Okoboji, IA 51355 Full Service B&M $27,361
    Liberty National Bank 324 Dakota Dunes Blvd Dakota Dunes, SD 57049 Full Service B&M $101,813
    Liberty National Bank 3520 S Louise Ave Sioux Falls, SD 57106 Full Service B&M $36,170
    Liberty National Bank 4425 Singing Hills Boulevard Sioux City, IA 51106 Full Service B&M $43,081
    Liberty National Bank 4619 East 12th Street Sioux Falls, SD 57110 Full Service B&M $11,317
    Liberty National Bank 5260 Nw 86th St Johnston, IA 50131 Full Service B&M $12,015

    For 2018, Liberty National Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,204
    Net interest income $14,220
    Total noninterest income $2,076
    Gross Fiduciary activities income $1,176
    Service charges on deposit accounts $270
    Trading account gains and fees $0
    Additional Noninterest Income $630
    Pre-tax net operating income $6,382
    Securities gains (or losses, -) $6
    Income before extraordinary items $4,932
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,932
    Minority interest net income $0
    Net income $4,932
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,927

    Liberty National Bank's gross interest income from loans was $17,204,000.
    Liberty National Bank's net interest income from loans was $14,220,000.
    Liberty National Bank's fee based income from loans was $270,000.
    Liberty National Bank's net income from loans was $4,932,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,984
    Provision for credit losses $405
    Total noninterest expense $9,509
    Salaries and employee benefits $5,717
    Premises and equipment expense $1,578
    Additional noninterest expense $2,214
    Applicable income taxes $1,456
    Net charge-offs $151
    Cash dividends $1,423

    Liberty National Bank's interest expense for loans was $2,984,000.
    Liberty National Bank's payroll and benefits expense were $5,717,000.
    Liberty National Bank's property, plant and equipment expenses $1,578,000.

    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 $351,091
    Deposits held in domestic offices $351,091
    Deposits by Individuals, partnerships, and corporations $299,845
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51,006
    Deposits by Commercial banks and other depository institutions in U.S. $240
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $133,716
    Demand deposits $81,370
    Nontransaction accounts $217,375
    Money market deposit accounts (MMDAs) $83,745
    Other savings deposits (excluding MMDAs) $31,351
    Total time deposits $102,279
    Total time and savings deposits $269,721
    Noninterest-bearing deposits $81,370
    Interest-bearing deposits $269,721
    Retail deposits $304,503
    IRAs and Keogh plan accounts $4,157
    Brokered deposits $10,733
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $406,924
    Cash & Balances due from depository institutions $12,332
    Interest-bearing balances $1,471
    Total securities $53,696
    Federal funds sold & reverse repurchase $0
    Net loans and leases $311,716
    Loan and leases loss allowance $4,121
    Trading account assets $0
    Bank premises and fixed assets $8,266
    Other real estate owned $0
    Goodwill and other intangibles $10,012
    All other assets $10,902

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $406,924
    Total Liabilities $357,937
    Total deposits $351,091
    Interest-bearing deposits $269,721
    Deposits held in domestic offices $351,091
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,870
    Subordinated debt $0
    All other liabilities $1,976

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $311,716
    Loan and leases loss allowance $4,121
    Total loans and leases (domestic) $315,837
    All real estate loans $204,996
    Real estate loans in domestic offices $204,996
    Construction and development loans $21,798
    Residential 1-4 family construction $4,947
    Other construction, all land development and other land $16,851
    Loans secured by nonfarm nonresidential properties $78,283
    Nonfarm nonresidential secured by owner-occupied properties $42,185
    Commercial real estate & other non-farm, non-residential $36,098
    Multifamily residential real estate $12,160
    1-4 family residential loans $63,315
    Farmland loans $29,440
    Loans held in foreign offices $0
    Farm loans $43,044
    Commercial and industrial loans $63,915
    To non-U.S. addressees $0
    Loans to individuals $2,927
    Credit card loans $0
    Related Plans $530
    Consumer Auto Loans $1,979
    Other loans to individuals $418
    All other loans & leases $955
    Loans to foreign governments and official institutions $0
    Other loans $159
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Liberty National Bank had $311,716,000 of loans outstanding in 2018. $204,996,000 of loans were in real estate loans. $21,798,000 of loans were in development loans. $12,160,000 of loans were in multifamily mortgage loans. $63,315,000 of loans were in 1-4 family mortgage loans. $43,044,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,979,000 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 126 $31,277 $248,230
    Nonfarm, nonresidential loans - <$100k 37 $1,500 $40,541
    Nonfarm, nonresidential loans - $100-250k 42 $5,888 $140,190
    Nonfarm, nonresidential loans - $250k-1MM 47 $23,889 $508,277
    Commercial & Industrial, US addressed loans - <$1MM 400 $37,896 $94,740
    Commercial & Industrial, US addressed loans - <$100k 232 $6,159 $26,547
    Commercial & Industrial, US addressed loans - $100-250k 97 $10,759 $110,918
    Commercial & Industrial, US addressed loans - $250k-1MM 71 $20,978 $295,465
    Farmland loans - <$1MM 33 $4,872 $147,636
    Farmland loans - <$100k 9 $518 $57,556
    Farmland loans - $100-250k 14 $1,864 $133,143
    Farmland loans - $250k-1MM 10 $2,490 $249,000
    Agriculture operations loans - <$1MM 53 $4,345 $81,981
    Agriculture operations loans - <$100k 26 $755 $29,038
    Agriculture operations loans - $100-250k 17 $1,599 $94,059
    Agriculture operations loans - $250k-1MM 10 $1,991 $199,100