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 Refi and Home Purchase loans. Liberty National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Sioux Falls, and Sioux City 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 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

    63

    Origination Dollar Volume (All Markets)

    $12,635,000

    Employee count

    74

    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
    Outside of Metro Areas 18 $5,490,000 $305,000 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 10 $2,910,000 $291,000 $0 0.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 12 $2,290,000 $190,833 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 23 $1,945,000 $84,565 $0 0.00%
    Liberty National Bank's top markets include Des Moines, Sioux Falls, and Sioux City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $12,635,000 $200,556 $0 0.00%

    For 2019, Liberty National Bank's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 29 $5,145,000 $177,414 $0 0.00%
    Home Purchase 24 $6,710,000 $279,583 $0 0.00%
    Home Improvement 6 $240,000 $40,000 $0 0.00%
    Other 3 $315,000 $105,000 $0 0.00%
    Cash Out Refi 1 $225,000 $225,000 $0 0.00%

    For 2019, Liberty National Bank's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $12,635,000 $200,556 $0 0.00%

    For 2019, Liberty National Bank's most frequently cited loan duration was Other, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,375,000 $44,355 $0 0.00%
    $100k-200k 13 $2,145,000 $165,000 $0 0.00%
    $200k-400k 10 $2,720,000 $272,000 $0 0.00%
    $400k-600k 4 $1,810,000 $452,500 $0 0.00%
    $600k-1MM 3 $2,255,000 $751,667 $0 0.00%
    $1MM+ 2 $2,330,000 $1,165,000 $0 0.00%

    2019 saw Liberty National Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $525,000 $47,727 $0 0.00%
    $250k+ 6 $2,210,000 $368,333 $0 0.00%
    $50k-75k 6 $1,170,000 $195,000 $0 0.00%
    $150k-250k 5 $1,375,000 $275,000 $0 0.00%
    $100k-150k 4 $720,000 $180,000 $0 0.00%
    $75k-100k 3 $105,000 $35,000 $0 0.00%

    Liberty National Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $250k+, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 63 $12,635,000 $200,556 $0 0.00%

    Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $6,280,000 $174,444 $0 0.00%
    Not applicable 26 $6,130,000 $235,769 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.91%

    Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.02%

    Liberty National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 63 $12,635,000 $200,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $2,090,000 $209,000
    Single Family (1-4 Units):Manufactured 2 $140,000 $70,000
    Single Family (1-4 Units):Site-Built 51 $10,405,000 $204,020

    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 National Bank 112 East Main Street Elk Point, SD 57025 Full Service B&M $26,006
    Liberty National Bank 113 Military Road North Sioux City, SD 57049 Full Service B&M $28,691
    Liberty National Bank 133 S Main Ave Sioux Falls, SD 57104 Full Service B&M $23,965
    Liberty National Bank 1807 Highway 71 North Okoboji, IA 51355 Full Service B&M $34,686
    Liberty National Bank 324 Dakota Dunes Blvd Dakota Dunes, SD 57049 Full Service B&M $149,823
    Liberty National Bank 3520 S Louise Ave Sioux Falls, SD 57106 Full Service B&M $38,337
    Liberty National Bank 4425 Singing Hills Boulevard Sioux City, IA 51106 Full Service B&M $47,511
    Liberty National Bank 4619 East 12th Street Sioux Falls, SD 57110 Full Service B&M $11,592
    Liberty National Bank 5260 Nw 86th St Johnston, IA 50131 Full Service B&M $14,562

    For 2019, Liberty National Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,626
    Net interest income $15,420
    Total noninterest income $2,622
    Gross Fiduciary activities income $1,226
    Service charges on deposit accounts $246
    Trading account gains and fees $0
    Additional Noninterest Income $1,150
    Pre-tax net operating income $6,883
    Securities gains (or losses, -) $112
    Income before extraordinary items $5,387
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,387
    Minority interest net income $0
    Net income $5,387
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,298

    Liberty National Bank's gross interest income from loans was $19,626,000.
    Liberty National Bank's net interest income from loans was $15,420,000.
    Liberty National Bank's fee based income from loans was $246,000.
    Liberty National Bank's net income from loans was $5,387,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,206
    Provision for credit losses $752
    Total noninterest expense $10,407
    Salaries and employee benefits $6,378
    Premises and equipment expense $1,655
    Additional noninterest expense $2,374
    Applicable income taxes $1,608
    Net charge-offs $761
    Cash dividends $3,211

    Liberty National Bank's interest expense for loans was $4,206,000.
    Liberty National Bank's payroll and benefits expense were $6,378,000.
    Liberty National Bank's property, plant and equipment expenses $1,655,000.

    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 $383,514
    Deposits held in domestic offices $383,514
    Deposits by Individuals, partnerships, and corporations $325,781
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57,733
    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 $133,302
    Demand deposits $77,144
    Nontransaction accounts $250,212
    Money market deposit accounts (MMDAs) $90,431
    Other savings deposits (excluding MMDAs) $24,911
    Total time deposits $134,870
    Total time and savings deposits $306,370
    Noninterest-bearing deposits $77,145
    Interest-bearing deposits $306,369
    Retail deposits $327,416
    IRAs and Keogh plan accounts $7,111
    Brokered deposits $13,036
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $437,989
    Cash & Balances due from depository institutions $22,527
    Interest-bearing balances $12,405
    Total securities $65,818
    Federal funds sold & reverse repurchase $0
    Net loans and leases $316,242
    Loan and leases loss allowance $4,112
    Trading account assets $0
    Bank premises and fixed assets $7,979
    Other real estate owned $0
    Goodwill and other intangibles $10,012
    All other assets $15,411

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $437,989
    Total Liabilities $386,016
    Total deposits $383,514
    Interest-bearing deposits $306,369
    Deposits held in domestic offices $383,514
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,502

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $316,242
    Loan and leases loss allowance $4,112
    Total loans and leases (domestic) $320,354
    All real estate loans $227,425
    Real estate loans in domestic offices $227,425
    Construction and development loans $16,530
    Residential 1-4 family construction $2,078
    Other construction, all land development and other land $14,452
    Loans secured by nonfarm nonresidential properties $91,563
    Nonfarm nonresidential secured by owner-occupied properties $40,737
    Commercial real estate & other non-farm, non-residential $50,826
    Multifamily residential real estate $7,541
    1-4 family residential loans $63,533
    Farmland loans $48,258
    Loans held in foreign offices $0
    Farm loans $37,502
    Commercial and industrial loans $51,953
    To non-U.S. addressees $0
    Loans to individuals $2,443
    Credit card loans $0
    Related Plans $215
    Consumer Auto Loans $1,814
    Other loans to individuals $414
    All other loans & leases $1,031
    Loans to foreign governments and official institutions $0
    Other loans $382
    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 $316,242,000 of loans outstanding in 2019. $227,425,000 of loans were in real estate loans. $16,530,000 of loans were in development loans. $7,541,000 of loans were in multifamily mortgage loans. $63,533,000 of loans were in 1-4 family mortgage loans. $37,502,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,814,000 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 127 $32,176 $253,354
    Nonfarm, nonresidential loans - <$100k 39 $1,793 $45,974
    Nonfarm, nonresidential loans - $100-250k 38 $4,921 $129,500
    Nonfarm, nonresidential loans - $250k-1MM 50 $25,462 $509,240
    Commercial & Industrial, US addressed loans - <$1MM 340 $30,816 $90,635
    Commercial & Industrial, US addressed loans - <$100k 177 $5,303 $29,960
    Commercial & Industrial, US addressed loans - $100-250k 89 $7,393 $83,067
    Commercial & Industrial, US addressed loans - $250k-1MM 74 $18,120 $244,865
    Farmland loans - <$1MM 36 $5,422 $150,611
    Farmland loans - <$100k 8 $503 $62,875
    Farmland loans - $100-250k 18 $2,577 $143,167
    Farmland loans - $250k-1MM 10 $2,342 $234,200
    Agriculture operations loans - <$1MM 67 $5,741 $85,687
    Agriculture operations loans - <$100k 33 $952 $28,848
    Agriculture operations loans - $100-250k 21 $2,369 $112,810
    Agriculture operations loans - $250k-1MM 13 $2,420 $186,154