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, and Oxnard among others. We have data for 3 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 average pick rate when compared to similar lenders.

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Originations

103

Origination Dollar Volume (All Markets)

$153,975,000

Employee count

73

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) 98 $147,190,000 $1,501,939 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $4,165,000 $1,388,333 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $2,620,000 $1,310,000 $0 0.00%
Malaga Bank F.s.b's top markets include Los Angeles, San Diego, 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 103 $153,975,000 $1,494,903 $0 0.00%

    For 2020, Malaga Bank F.s.b's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 68 $94,050,000 $1,383,088 $0 0.00%
    Home Purchase 31 $56,825,000 $1,833,065 $0 0.00%
    Home Improvement 4 $3,100,000 $775,000 $0 0.00%

    For 2020, Malaga Bank F.s.b's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $153,975,000 $1,494,903 $0 0.00%

    For 2020, Malaga Bank F.s.b's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 64 $129,570,000 $2,024,531 $0 0.00%
    $600k-1MM 22 $16,540,000 $751,818 $0 0.00%
    $400k-600k 15 $7,255,000 $483,667 $0 0.00%
    $200k-400k 2 $610,000 $305,000 $0 0.00%

    2020 saw Malaga Bank F.s.b place emphasis on $1MM+ loans with 64 originations, totaling $129,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2 $2,270,000 $1,135,000 $0 0.00%
    $250k+ 1 $1,755,000 $1,755,000 $0 0.00%

    Malaga Bank F.s.b lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $250k+, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $153,975,000 $1,494,903 $0 0.00%

    Malaga Bank F.s.b lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 87 $137,725,000 $1,583,046 $0 0.00%
    White 8 $10,030,000 $1,253,750 $0 0.00%
    Not provided 4 $3,130,000 $782,500 $0 0.00%
    Asian 3 $2,785,000 $928,333 $0 0.00%
    Japanese 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.22%

    Malaga Bank F.s.b has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.20%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $153,975,000 $1,494,903

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 96 $147,710,000 $1,538,646
    Single Family (1-4 Units):Site-Built 7 $6,265,000 $895,000

    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 $159,688
    Malaga Bank F.S.B. 23670 Hawthorne Blvd, Ste 101a Torrance, CA 90505 Full Service B&M $35,891
    Malaga Bank F.S.B. 2514 Via Tejon Palos Verdes Peninsula, CA 90274 Full Service B&M $393,204
    Malaga Bank F.S.B. 25700 Crenshaw Blvd Torrance, CA 90505 Full Service B&M $107,303
    Malaga Bank F.S.B. 27450 Hawthorne Boulevard Rolling Hills Estates, CA 90274 Full Service B&M $153,082

    For 2020, Malaga Bank F.s.b had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,290
    Net interest income $38,032
    Total noninterest income $782
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $84
    Trading account gains and fees $0
    Additional Noninterest Income $698
    Pre-tax net operating income $26,555
    Securities gains (or losses, -) $0
    Income before extraordinary items $18,747
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,747
    Minority interest net income $0
    Net income $18,747
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,747

    Malaga Bank F.s.b's gross interest income from loans was $48,290,000.
    Malaga Bank F.s.b's net interest income from loans was $38,032,000.
    Malaga Bank F.s.b's fee based income from loans was $84,000.
    Malaga Bank F.s.b's net income from loans was $18,747,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,258
    Provision for credit losses $162
    Total noninterest expense $12,097
    Salaries and employee benefits $7,215
    Premises and equipment expense $1,377
    Additional noninterest expense $3,505
    Applicable income taxes $7,808
    Net charge-offs $-1
    Cash dividends $8,000

    Malaga Bank F.s.b's interest expense for loans was $10,258,000.
    Malaga Bank F.s.b's payroll and benefits expense were $7,215,000.
    Malaga Bank F.s.b's property, plant and equipment expenses $1,377,000.

    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 $857,894
    Deposits held in domestic offices $857,894
    Deposits by Individuals, partnerships, and corporations $786,808
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $70,113
    Deposits by Commercial banks and other depository institutions in U.S. $973
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $245,645
    Demand deposits $162,372
    Nontransaction accounts $612,249
    Money market deposit accounts (MMDAs) $265,140
    Other savings deposits (excluding MMDAs) $76,674
    Total time deposits $270,434
    Total time and savings deposits $695,522
    Noninterest-bearing deposits $162,372
    Interest-bearing deposits $695,522
    Retail deposits $700,739
    IRAs and Keogh plan accounts $16,295
    Brokered deposits $39,584
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,311,546
    Cash & Balances due from depository institutions $90,935
    Interest-bearing balances $89,633
    Total securities $0
    Federal funds sold & reverse repurchase $363
    Net loans and leases $1,193,070
    Loan and leases loss allowance $3,686
    Trading account assets $0
    Bank premises and fixed assets $14,584
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,594

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,311,546
    Total Liabilities $1,144,697
    Total deposits $857,894
    Interest-bearing deposits $695,522
    Deposits held in domestic offices $857,894
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $283,389
    Subordinated debt $0
    All other liabilities $3,414

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,193,070
    Loan and leases loss allowance $3,686
    Total loans and leases (domestic) $1,196,756
    All real estate loans $1,185,703
    Real estate loans in domestic offices $1,185,703
    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 $47,775
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $47,775
    Multifamily residential real estate $1,029,242
    1-4 family residential loans $108,111
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,843
    To non-U.S. addressees $0
    Loans to individuals $210
    Credit card loans $0
    Related Plans $1
    Consumer Auto Loans $0
    Other loans to individuals $209
    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 $1,193,070,000 of loans outstanding in 2020. $1,185,703,000 of loans were in real estate loans. $575,000 of loans were in development loans. $1,029,242,000 of loans were in multifamily mortgage loans. $108,111,000 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 43 $14,870 $345,814
    Nonfarm, nonresidential loans - <$100k 2 $54 $27,000
    Nonfarm, nonresidential loans - $100-250k 7 $1,158 $165,429
    Nonfarm, nonresidential loans - $250k-1MM 34 $13,658 $401,706
    Commercial & Industrial, US addressed loans - <$1MM 159 $9,825 $61,792
    Commercial & Industrial, US addressed loans - <$100k 134 $4,423 $33,007
    Commercial & Industrial, US addressed loans - $100-250k 18 $2,423 $134,611
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,979 $425,571