Malaga Bank F.s.b Mortgage Rates, Fees & Info

Palos Verdes Estates, CA

LEI: 549300PTYDNRSYG5A828

Tax ID: 33-0011033

2021 Data | 2020 Data | 2019 Data | 2018 Data


Jump to:

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

    • Bank Data

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

    • Overview

    Malaga Bank F.s.b is a smaller bank specializing in Refi and Home Purchase loans. Malaga Bank F.s.b has a high proportion of conventional loans. Their top markets include Los Angeles, San Diego, Riverside, Santa Maria, and Oxnard among others. Malaga Bank F.s.b has an average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


    Originations

    128

    Origination Dollar Volume (All Markets)

    $180,830,000

    Employee count

    74

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 115 $159,545,000 $1,387,348 $0 0.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $10,670,000 $1,778,333 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $7,280,000 $1,820,000 $0 0.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 0.00%

    Malaga Bank F.s.b's top markets include Los Angeles, San Diego, Riverside, Santa Maria, and Oxnard among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 128 $180,830,000 $1,412,734 $0 0.00%

    For the 2021 period, Malaga Bank F.s.b's most frequently originated loan type of loans were Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Refi 88 $128,610,000 $1,461,477 $0 0.00%
    Home Purchase 40 $52,220,000 $1,305,500 $0 0.00%

    For the 2021, Malaga Bank F.s.b's most frequently cited loan purpose of loans were Refi, with 88 originations. The 2nd most popular reason of loans were Home Purchase, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $180,830,000 $1,412,734 $0 0.00%

    For the 2021, Malaga Bank F.s.b's most frequently cited loan length of loans were Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 71 $140,735,000 $1,982,183 $0 0.00%
    $600k-1MM 38 $30,270,000 $796,579 $0 0.00%
    $400k-600k 19 $9,825,000 $517,105 $0 0.00%

    2021 saw Malaga Bank F.s.b place emphasis on $1MM+ loans with 71 originations, totaling $140,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3 $2,155,000 $718,333 $0 0.00%

    Malaga Bank F.s.b lent most frequently to those with incomes in the $250k+ range, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $180,830,000 $1,412,734 $0 0.00%

    Malaga Bank F.s.b lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 118 $170,290,000 $1,443,136 $0 0.00%
    Not provided 7 $8,175,000 $1,167,857 $0 0.00%
    White 2 $1,390,000 $695,000 $0 0.00%
    Asian 1 $975,000 $975,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.37%

    Malaga Bank F.s.b has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.09%

    Malaga Bank F.s.b has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $180,830,000 $1,412,734

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $180,830,000 $1,412,734

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Malaga Bank F.S.B. 1460 W. 25th Street San Pedro, CA 90732 Full Service B&M $184,648
    Malaga Bank F.S.B. 27450 Hawthorne Boulevard Rolling Hills Estates, CA 90274 Full Service B&M $171,451
    Malaga Bank F.S.B. 23670 Hawthorne Blvd, Ste 101a Torrance, CA 90505 Full Service B&M $32,885
    Malaga Bank F.S.B. 2514 Via Tejon Palos Verdes Peninsula, CA 90274 Full Service B&M $429,453
    Malaga Bank F.S.B. 25700 Crenshaw Blvd Torrance, CA 90505 Full Service B&M $125,563

    For 2021, Malaga Bank F.s.b had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,320
    Net interest income $39,861
    Total noninterest income $867
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $87
    Trading account gains and fees $0
    Additional Noninterest Income $780
    Pre-tax net operating income $28,374
    Securities gains (or losses, -) $0
    Income before extraordinary items $19,983
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,983
    Minority interest net income $0
    Net income $19,983
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,983

    Malaga Bank F.s.b's gross interest income from loans was $48,320,000.
    Malaga Bank F.s.b's net interest income from loans was $39,861,000.
    Malaga Bank F.s.b's fee based income from loans was $87,000.
    Malaga Bank F.s.b's net income from loans was $19,983,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,459
    Provision for credit losses $109
    Total noninterest expense $12,245
    Salaries and employee benefits $7,240
    Premises and equipment expense $1,381
    Additional noninterest expense $3,624
    Applicable income taxes $8,391
    Net charge-offs $-3
    Cash dividends $8,000

    Malaga Bank F.s.b's interest expense for loans was $8,459,000.
    Malaga Bank F.s.b's payroll and benefits expense were $7,240,000.
    Malaga Bank F.s.b's property, plant and equipment expenses $1,381,000.

    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 $1,022,662
    Deposits held in domestic offices $1,022,662
    Deposits by Individuals, partnerships, and corporations $946,695
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $74,742
    Deposits by Commercial banks and other depository institutions in U.S. $1,225
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $301,698
    Demand deposits $203,149
    Nontransaction accounts $720,964
    Money market deposit accounts (MMDAs) $297,755
    Other savings deposits (excluding MMDAs) $99,448
    Total time deposits $323,761
    Total time and savings deposits $819,513
    Noninterest-bearing deposits $203,149
    Interest-bearing deposits $819,513
    Retail deposits $797,387
    IRAs and Keogh plan accounts $16,087
    Brokered deposits $109,205
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,472,877
    Cash & Balances due from depository institutions $200,229
    Interest-bearing balances $199,092
    Total securities $0
    Federal funds sold & reverse repurchase $251
    Net loans and leases $1,245,361
    Loan and leases loss allowance $3,798
    Trading account assets $0
    Bank premises and fixed assets $13,951
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,085

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,472,877
    Total Liabilities $1,294,045
    Total deposits $1,022,662
    Interest-bearing deposits $819,513
    Deposits held in domestic offices $1,022,662
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $268,006
    Subordinated debt $0
    All other liabilities $3,377

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,245,361
    Loan and leases loss allowance $3,798
    Total loans and leases (domestic) $1,249,159
    All real estate loans $1,245,117
    Real estate loans in domestic offices $1,245,117
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $43,877
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $43,877
    Multifamily residential real estate $1,096,104
    1-4 family residential loans $105,136
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,868
    To non-U.S. addressees $0
    Loans to individuals $174
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $174
    All other loans & leases $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Malaga Bank F.S.B had $1,245,361,000 of loans outstanding in 2021. $1,245,117,000 of loans were in real estate loans. $0 of loans were in development loans. $1,096,104,000 of loans were in multifamily mortgage loans. $105,136,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 38 $12,511 $329,237
    Nonfarm, nonresidential loans - $100-250k 7 $1,078 $154,000
    Nonfarm, nonresidential loans - $250k-1MM 31 $11,433 $368,806
    Commercial & Industrial, US addressed loans - <$1MM 48 $2,864 $59,667
    Commercial & Industrial, US addressed loans - <$100k 37 $924 $24,973
    Commercial & Industrial, US addressed loans - $100-250k 9 $990 $110,000
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $950 $475,000