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: 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

    107

    Origination Dollar Volume (All Markets)

    $31,085,000

    Employee count

    69

    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 59 $19,385,000 $328,559 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 34 $7,350,000 $216,176 $0 0.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 13 $4,025,000 $309,615 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Liberty National Bank's top markets include Sioux City, Sioux Falls, and Des Moines among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $31,085,000 $290,514 $0 0.00%

    For 2021, Liberty National Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $18,575,000 $254,452 $0 0.00%
    Home Purchase 27 $12,165,000 $450,556 $0 0.00%
    Home Improvement 6 $300,000 $50,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2021, Liberty National Bank's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $31,085,000 $290,514 $0 0.00%

    For 2021, Liberty National Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,210,000 $61,389 $0 0.00%
    $200k-400k 34 $9,660,000 $284,118 $0 0.00%
    $100k-200k 24 $3,880,000 $161,667 $0 0.00%
    $1MM+ 6 $10,950,000 $1,825,000 $0 0.00%
    $400k-600k 4 $2,110,000 $527,500 $0 0.00%
    $600k-1MM 3 $2,275,000 $758,333 $0 0.00%

    2021 saw Liberty National Bank place emphasis on $100,000 or less loans with 36 originations, totaling $2,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,770,000 $197,857 $0 0.00%
    $250k+ 13 $6,695,000 $515,000 $0 0.00%
    $50k-75k 11 $1,325,000 $120,455 $0 0.00%
    $75k-100k 8 $2,180,000 $272,500 $0 0.00%
    $50k or less 6 $830,000 $138,333 $0 0.00%
    $150k-250k 5 $1,485,000 $297,000 $0 0.00%

    Liberty National Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $250k+, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $31,085,000 $290,514 $0 0.00%

    Liberty National Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $17,690,000 $294,833 $0 0.00%
    Not applicable 45 $13,255,000 $294,556 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.58%

    Liberty National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.18%

    Liberty National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $31,085,000 $290,514

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $31,085,000 $290,514

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Liberty Home Mortgage Corporation Conventional home mortgage Closing on a mortgage 1 20.0%
    Liberty Home Mortgage Corporation FHA mortgage Closing on a mortgage 1 20.0%
    Liberty Home Mortgage Corporation FHA mortgage Trouble during payment process 1 20.0%
    Liberty Home Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Liberty Home Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    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 $36,658
    Liberty National Bank 113 Military Road North Sioux City, SD 57049 Full Service B&M $34,838
    Liberty National Bank 133 S Main Ave Sioux Falls, SD 57104 Full Service B&M $30,006
    Liberty National Bank 1807 Highway 71 North Okoboji, IA 51355 Full Service B&M $17,388
    Liberty National Bank 324 Dakota Dunes Blvd Dakota Dunes, SD 57049 Full Service B&M $170,182
    Liberty National Bank 3520 S Louise Ave Sioux Falls, SD 57106 Full Service B&M $55,394
    Liberty National Bank 4425 Singing Hills Boulevard Sioux City, IA 51106 Full Service B&M $50,007
    Liberty National Bank 4619 East Arrowhead Parkway Sioux Falls, SD 57110 Full Service B&M $16,976
    Liberty National Bank 5260 Nw 86th St Johnston, IA 50131 Full Service B&M $22,247

    For 2021, Liberty National Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,710
    Net interest income $16,573
    Total noninterest income $4,322
    Gross Fiduciary activities income $1,651
    Service charges on deposit accounts $281
    Trading account gains and fees $0
    Additional Noninterest Income $2,390
    Pre-tax net operating income $9,381
    Securities gains (or losses, -) $200
    Income before extraordinary items $7,320
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,320
    Minority interest net income $0
    Net income $7,320
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,162

    Liberty National Bank's gross interest income from loans was $17,710,000.
    Liberty National Bank's net interest income from loans was $16,573,000.
    Liberty National Bank's fee based income from loans was $281,000.
    Liberty National Bank's net income from loans was $7,320,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,137
    Provision for credit losses $18
    Total noninterest expense $11,496
    Salaries and employee benefits $6,807
    Premises and equipment expense $1,957
    Additional noninterest expense $2,732
    Applicable income taxes $2,261
    Net charge-offs $31
    Cash dividends $3,835

    Liberty National Bank's interest expense for loans was $1,137,000.
    Liberty National Bank's payroll and benefits expense were $6,807,000.
    Liberty National Bank's property, plant and equipment expenses $1,957,000.

    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 $454,171
    Deposits held in domestic offices $454,171
    Deposits by Individuals, partnerships, and corporations $401,179
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,992
    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 $242,651
    Demand deposits $152,877
    Nontransaction accounts $211,520
    Money market deposit accounts (MMDAs) $88,065
    Other savings deposits (excluding MMDAs) $48,534
    Total time deposits $74,921
    Total time and savings deposits $301,294
    Noninterest-bearing deposits $152,877
    Interest-bearing deposits $301,294
    Retail deposits $430,156
    IRAs and Keogh plan accounts $4,319
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $516,447
    Cash & Balances due from depository institutions $15,530
    Interest-bearing balances $8,283
    Total securities $71,886
    Federal funds sold & reverse repurchase $0
    Net loans and leases $390,123
    Loan and leases loss allowance $5,497
    Trading account assets $0
    Bank premises and fixed assets $13,332
    Other real estate owned $0
    Goodwill and other intangibles $10,012
    All other assets $15,564

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $516,447
    Total Liabilities $457,068
    Total deposits $454,171
    Interest-bearing deposits $301,294
    Deposits held in domestic offices $454,171
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,897

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $390,123
    Loan and leases loss allowance $5,497
    Total loans and leases (domestic) $395,620
    All real estate loans $322,903
    Real estate loans in domestic offices $322,903
    Construction and development loans $34,154
    Residential 1-4 family construction $1,208
    Other construction, all land development and other land $32,946
    Loans secured by nonfarm nonresidential properties $142,951
    Nonfarm nonresidential secured by owner-occupied properties $60,582
    Commercial real estate & other non-farm, non-residential $82,369
    Multifamily residential real estate $7,598
    1-4 family residential loans $68,262
    Farmland loans $69,938
    Loans held in foreign offices $0
    Farm loans $30,135
    Commercial and industrial loans $39,407
    To non-U.S. addressees $0
    Loans to individuals $2,758
    Credit card loans $0
    Related Plans $302
    Consumer Auto Loans $1,479
    Other loans to individuals $977
    All other loans & leases $417
    Loans to foreign governments and official institutions $0
    Other loans $143
    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 $390,123,000 of loans outstanding in 2021. $322,903,000 of loans were in real estate loans. $34,154,000 of loans were in development loans. $7,598,000 of loans were in multifamily mortgage loans. $68,262,000 of loans were in 1-4 family mortgage loans. $30,135,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,479,000 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 134 $39,304 $293,313
    Nonfarm, nonresidential loans - <$100k 30 $1,106 $36,867
    Nonfarm, nonresidential loans - $100-250k 39 $5,355 $137,308
    Nonfarm, nonresidential loans - $250k-1MM 65 $32,843 $505,277
    Commercial & Industrial, US addressed loans - <$1MM 376 $28,314 $75,303
    Commercial & Industrial, US addressed loans - <$100k 198 $8,625 $43,561
    Commercial & Industrial, US addressed loans - $100-250k 105 $4,893 $46,600
    Commercial & Industrial, US addressed loans - $250k-1MM 73 $14,796 $202,685
    Farmland loans - <$1MM 44 $8,403 $190,977
    Farmland loans - <$100k 11 $610 $55,455
    Farmland loans - $100-250k 15 $2,065 $137,667
    Farmland loans - $250k-1MM 18 $5,728 $318,222
    Agriculture operations loans - <$1MM 69 $5,262 $76,261
    Agriculture operations loans - <$100k 32 $856 $26,750
    Agriculture operations loans - $100-250k 25 $2,068 $82,720
    Agriculture operations loans - $250k-1MM 12 $2,338 $194,833