Malaga Bank F.s.b Mortgage Rates, Fees & Info
Palos Verdes Estates, CA
LEI: 549300PTYDNRSYG5A828
Tax ID: 33-0011033
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Mortgage Data
Bank Data
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
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.
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 |