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
  • 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: 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

    120

    Origination Dollar Volume (All Markets)

    $32,220,000

    Employee count

    70

    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) 58 $10,960,000 $188,966 $0 0.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 18 $8,500,000 $472,222 $0 0.00%
    Outside of Metro Areas 30 $8,070,000 $269,000 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 14 $4,690,000 $335,000 $0 0.00%
    Liberty National Bank's top markets include Sioux City, Sioux Falls, and Des Moines among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $32,220,000 $268,500 $0 0.00%

    For 2020, Liberty National Bank's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 78 $23,650,000 $303,205 $0 0.00%
    Home Purchase 36 $8,100,000 $225,000 $0 0.00%
    Home Improvement 4 $360,000 $90,000 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%

    For 2020, Liberty National Bank's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $32,220,000 $268,500 $0 0.00%

    For 2020, Liberty National Bank's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,520,000 $155,238 $0 0.00%
    $100,000 or less 31 $1,765,000 $56,935 $0 0.00%
    $200k-400k 28 $8,000,000 $285,714 $0 0.00%
    $400k-600k 10 $4,740,000 $474,000 $0 0.00%
    $1MM+ 5 $8,245,000 $1,649,000 $0 0.00%
    $600k-1MM 4 $2,950,000 $737,500 $0 0.00%

    2020 saw Liberty National Bank place emphasis on $100k-200k loans with 42 originations, totaling $6,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,985,000 $237,381 $0 0.00%
    $150k-250k 16 $3,880,000 $242,500 $0 0.00%
    $50k or less 13 $1,505,000 $115,769 $0 0.00%
    $50k-75k 12 $1,800,000 $150,000 $0 0.00%
    $250k+ 11 $7,775,000 $706,818 $0 0.00%
    $75k-100k 9 $1,585,000 $176,111 $0 0.00%

    Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $32,220,000 $268,500 $0 0.00%

    Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $21,530,000 $262,561 $0 0.00%
    Not applicable 38 $10,690,000 $281,316 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.35%

    Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.00%

    Liberty National Bank 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 120 $32,220,000 $268,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $12,045,000 $633,947
    Single Family (1-4 Units):Site-Built 101 $20,175,000 $199,752

    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 $29,100
    Liberty National Bank 113 Military Road North Sioux City, SD 57049 Full Service B&M $31,626
    Liberty National Bank 133 S Main Ave Sioux Falls, SD 57104 Full Service B&M $31,396
    Liberty National Bank 1807 Highway 71 North Okoboji, IA 51355 Full Service B&M $27,504
    Liberty National Bank 324 Dakota Dunes Blvd Dakota Dunes, SD 57049 Full Service B&M $168,421
    Liberty National Bank 3520 S Louise Ave Sioux Falls, SD 57106 Full Service B&M $45,440
    Liberty National Bank 4425 Singing Hills Boulevard Sioux City, IA 51106 Full Service B&M $48,952
    Liberty National Bank 4619 East 12th Street Sioux Falls, SD 57110 Full Service B&M $13,141
    Liberty National Bank 5260 Nw 86th St Johnston, IA 50131 Full Service B&M $21,041

    For 2020, Liberty National Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,834
    Net interest income $18,236
    Total noninterest income $3,046
    Gross Fiduciary activities income $1,389
    Service charges on deposit accounts $237
    Trading account gains and fees $0
    Additional Noninterest Income $1,420
    Pre-tax net operating income $9,240
    Securities gains (or losses, -) $128
    Income before extraordinary items $7,171
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,171
    Minority interest net income $0
    Net income $7,171
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,069

    Liberty National Bank's gross interest income from loans was $20,834,000.
    Liberty National Bank's net interest income from loans was $18,236,000.
    Liberty National Bank's fee based income from loans was $237,000.
    Liberty National Bank's net income from loans was $7,171,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,598
    Provision for credit losses $1,420
    Total noninterest expense $10,622
    Salaries and employee benefits $6,595
    Premises and equipment expense $1,710
    Additional noninterest expense $2,317
    Applicable income taxes $2,197
    Net charge-offs $22
    Cash dividends $3,488

    Liberty National Bank's interest expense for loans was $2,598,000.
    Liberty National Bank's payroll and benefits expense were $6,595,000.
    Liberty National Bank's property, plant and equipment expenses $1,710,000.

    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 $429,714
    Deposits held in domestic offices $429,714
    Deposits by Individuals, partnerships, and corporations $364,390
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,579
    Deposits by Commercial banks and other depository institutions in U.S. $745
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $199,113
    Demand deposits $126,527
    Nontransaction accounts $230,601
    Money market deposit accounts (MMDAs) $93,876
    Other savings deposits (excluding MMDAs) $35,532
    Total time deposits $101,195
    Total time and savings deposits $303,187
    Noninterest-bearing deposits $126,527
    Interest-bearing deposits $303,187
    Retail deposits $390,784
    IRAs and Keogh plan accounts $5,957
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $494,242
    Cash & Balances due from depository institutions $27,035
    Interest-bearing balances $16,757
    Total securities $56,152
    Federal funds sold & reverse repurchase $0
    Net loans and leases $377,365
    Loan and leases loss allowance $5,510
    Trading account assets $0
    Bank premises and fixed assets $7,677
    Other real estate owned $0
    Goodwill and other intangibles $10,012
    All other assets $16,001

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $494,242
    Total Liabilities $437,605
    Total deposits $429,714
    Interest-bearing deposits $303,187
    Deposits held in domestic offices $429,714
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $2,891

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $377,365
    Loan and leases loss allowance $5,510
    Total loans and leases (domestic) $382,875
    All real estate loans $270,163
    Real estate loans in domestic offices $270,163
    Construction and development loans $19,900
    Residential 1-4 family construction $2,205
    Other construction, all land development and other land $17,695
    Loans secured by nonfarm nonresidential properties $111,672
    Nonfarm nonresidential secured by owner-occupied properties $45,838
    Commercial real estate & other non-farm, non-residential $65,834
    Multifamily residential real estate $5,817
    1-4 family residential loans $60,066
    Farmland loans $72,708
    Loans held in foreign offices $0
    Farm loans $42,081
    Commercial and industrial loans $67,902
    To non-U.S. addressees $0
    Loans to individuals $2,205
    Credit card loans $0
    Related Plans $175
    Consumer Auto Loans $1,416
    Other loans to individuals $614
    All other loans & leases $524
    Loans to foreign governments and official institutions $0
    Other loans $239
    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 $377,365,000 of loans outstanding in 2020. $270,163,000 of loans were in real estate loans. $19,900,000 of loans were in development loans. $5,817,000 of loans were in multifamily mortgage loans. $60,066,000 of loans were in 1-4 family mortgage loans. $42,081,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,416,000 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 119 $35,863 $301,370
    Nonfarm, nonresidential loans - <$100k 30 $1,207 $40,233
    Nonfarm, nonresidential loans - $100-250k 31 $4,088 $131,871
    Nonfarm, nonresidential loans - $250k-1MM 58 $30,568 $527,034
    Commercial & Industrial, US addressed loans - <$1MM 459 $42,114 $91,752
    Commercial & Industrial, US addressed loans - <$100k 273 $7,857 $28,780
    Commercial & Industrial, US addressed loans - $100-250k 114 $12,999 $114,026
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $21,258 $295,250
    Farmland loans - <$1MM 39 $8,055 $206,538
    Farmland loans - <$100k 6 $366 $61,000
    Farmland loans - $100-250k 18 $2,654 $147,444
    Farmland loans - $250k-1MM 15 $5,035 $335,667
    Agriculture operations loans - <$1MM 60 $4,321 $72,017
    Agriculture operations loans - <$100k 31 $890 $28,710
    Agriculture operations loans - $100-250k 18 $1,670 $92,778
    Agriculture operations loans - $250k-1MM 11 $1,761 $160,091