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

Review & 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 by origination volume include: Los Angeles, San Diego, Riverside, and Oxnard among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Malaga Bank F.s.b has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

148

Origination Dollar Volume (All Markets)

$203,200,000

Employee count

79

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 137 $185,515,000 $1,354,124 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $10,410,000 $1,735,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $5,595,000 $1,865,000 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,680,000 $840,000 $0 0.00%
Malaga Bank F.s.b's top markets include Los Angeles, San Diego, Riverside, and Oxnard among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 148 $203,200,000 $1,372,973 $0 0.00%

    For 2019, Malaga Bank F.s.b's most frequently originated type of loan was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 99 $121,635,000 $1,228,636 $0 0.00%
    Home Purchase 46 $80,050,000 $1,740,217 $0 0.00%
    Other 2 $1,210,000 $605,000 $0 0.00%
    Home Improvement 1 $305,000 $305,000 $0 0.00%

    For 2019, Malaga Bank F.s.b's most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $203,200,000 $1,372,973 $0 0.00%

    For 2019, Malaga Bank F.s.b's most frequently cited loan duration was Other, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 83 $158,785,000 $1,913,072 $0 0.00%
    $600k-1MM 46 $35,620,000 $774,348 $0 0.00%
    $400k-600k 15 $7,545,000 $503,000 $0 0.00%
    $200k-400k 4 $1,250,000 $312,500 $0 0.00%

    2019 saw Malaga Bank F.s.b place emphasis on $1MM+ loans with 83 originations, totaling $158,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 2 $2,360,000 $1,180,000 $0 0.00%

    Malaga Bank F.s.b lent most frequently to those with incomes in the $250k+ range, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 148 $203,200,000 $1,372,973 $0 0.00%

    Malaga Bank F.s.b lent most frequently to those with DTI ratios of Exempt%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 124 $174,490,000 $1,407,177 $0 0.00%
    White 13 $13,085,000 $1,006,538 $0 0.00%
    Asian 4 $9,880,000 $2,470,000 $0 0.00%
    Not provided 5 $4,305,000 $861,000 $0 0.00%
    Other Asian 1 $785,000 $785,000 $0 0.00%
    Black 1 $655,000 $655,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.51%

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

    Pick Rate

    Approvals leading to origination
    95.95%

    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 148 $203,200,000 $1,372,973

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 134 $192,860,000 $1,439,254
    Single Family (1-4 Units):Site-Built 14 $10,340,000 $738,571

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Miles Funding LLC Conventional home mortgage Closing on a mortgage 1 100.0%

    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 $154,400
    Malaga Bank F.S.B. 23670 Hawthorne Blvd, Ste 101a Torrance, CA 90505 Full Service B&M $25,739
    Malaga Bank F.S.B. 2514 Via Tejon Palos Verdes Peninsula, CA 90274 Full Service B&M $349,297
    Malaga Bank F.S.B. 25700 Crenshaw Blvd Torrance, CA 90505 Full Service B&M $101,910
    Malaga Bank F.S.B. 27450 Hawthorne Boulevard Rolling Hills Estates, CA 90274 Full Service B&M $142,138

    For 2019, Malaga Bank F.s.b had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,497
    Net interest income $33,689
    Total noninterest income $857
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $109
    Trading account gains and fees $0
    Additional Noninterest Income $748
    Pre-tax net operating income $22,619
    Securities gains (or losses, -) $0
    Income before extraordinary items $15,957
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,957
    Minority interest net income $0
    Net income $15,957
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,957

    Malaga Bank F.s.b's gross interest income from loans was $45,497,000.
    Malaga Bank F.s.b's net interest income from loans was $33,689,000.
    Malaga Bank F.s.b's fee based income from loans was $109,000.
    Malaga Bank F.s.b's net income from loans was $15,957,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,808
    Provision for credit losses $353
    Total noninterest expense $11,574
    Salaries and employee benefits $7,150
    Premises and equipment expense $1,351
    Additional noninterest expense $3,073
    Applicable income taxes $6,662
    Net charge-offs $-12
    Cash dividends $6,500

    Malaga Bank F.s.b's interest expense for loans was $11,808,000.
    Malaga Bank F.s.b's payroll and benefits expense were $7,150,000.
    Malaga Bank F.s.b's property, plant and equipment expenses $1,351,000.

    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 $806,846
    Deposits held in domestic offices $806,846
    Deposits by Individuals, partnerships, and corporations $678,873
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $127,974
    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 $201,893
    Demand deposits $128,523
    Nontransaction accounts $604,954
    Money market deposit accounts (MMDAs) $242,694
    Other savings deposits (excluding MMDAs) $55,476
    Total time deposits $306,784
    Total time and savings deposits $678,324
    Noninterest-bearing deposits $128,523
    Interest-bearing deposits $678,323
    Retail deposits $617,007
    IRAs and Keogh plan accounts $16,052
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,247,452
    Cash & Balances due from depository institutions $21,562
    Interest-bearing balances $20,276
    Total securities $0
    Federal funds sold & reverse repurchase $59,084
    Net loans and leases $1,139,623
    Loan and leases loss allowance $3,523
    Trading account assets $0
    Bank premises and fixed assets $15,237
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,946

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,247,452
    Total Liabilities $1,091,350
    Total deposits $806,846
    Interest-bearing deposits $678,323
    Deposits held in domestic offices $806,846
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $278,760
    Subordinated debt $0
    All other liabilities $5,744

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,139,623
    Loan and leases loss allowance $3,523
    Total loans and leases (domestic) $1,143,146
    All real estate loans $1,142,364
    Real estate loans in domestic offices $1,142,364
    Construction and development loans $575
    Residential 1-4 family construction $0
    Other construction, all land development and other land $575
    Loans secured by nonfarm nonresidential properties $50,297
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $50,297
    Multifamily residential real estate $978,034
    1-4 family residential loans $113,458
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $578
    To non-U.S. addressees $0
    Loans to individuals $204
    Credit card loans $0
    Related Plans $1
    Consumer Auto Loans $0
    Other loans to individuals $203
    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 $1,139,623,000 of loans outstanding in 2019. $1,142,364,000 of loans were in real estate loans. $575,000 of loans were in development loans. $978,034,000 of loans were in multifamily mortgage loans. $113,458,000 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 44 $15,977 $363,114
    Nonfarm, nonresidential loans - <$100k 2 $68 $34,000
    Nonfarm, nonresidential loans - $100-250k 8 $1,313 $164,125
    Nonfarm, nonresidential loans - $250k-1MM 34 $14,596 $429,294
    Commercial & Industrial, US addressed loans - <$1MM 29 $577 $19,897
    Commercial & Industrial, US addressed loans - <$100k 25 $361 $14,440
    Commercial & Industrial, US addressed loans - $100-250k 3 $151 $50,333
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $65 $65,000