Altabank Mortgage Rates, Fees & Info

American Fork, UT

LEI: 254900UO8HSLT3L5XF84

Tax ID: 87-0164017

Latest/2023 | 2022 Data | 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
  • Similar Lenders
  • 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

    Altabank is a smaller bank specializing in Home Purchase loans. Altabank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Provo, Logan, Salt Lake City, St. George, and Ogden among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Altabank 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. Altabank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    989

    Origination Dollar Volume (All Markets)

    $235,005,000

    Employee count

    454 Show all (10) awards

    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
    PROVO-OREM, UT (FHA|USDA|VA) 230 $75,830,000 $329,696 $4,450 4.61%
    LOGAN, UT-ID (FHA|USDA|VA) 180 $39,400,000 $218,889 $4,012 4.57%
    SALT LAKE CITY, UT (FHA|USDA|VA) 101 $32,615,000 $322,921 $5,341 4.69%
    ST. GEORGE, UT (FHA|USDA|VA) 60 $15,720,000 $262,000 $4,565 4.78%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 48 $12,240,000 $255,000 $5,458 4.76%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 73 $10,115,000 $138,562 $0 5.45%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 80 $9,620,000 $120,250 $0 5.36%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $6,025,000 $860,714 $3,949 5.19%
    Outside of Metro Areas 23 $5,285,000 $229,783 $4,707 4.59%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 44 $4,110,000 $93,409 $0 5.40%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 30 $3,890,000 $129,667 $2,894 5.30%
    Heber, UT (FHA|USDA|VA) 6 $2,960,000 $493,333 $4,470 4.81%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 15 $2,725,000 $181,667 $0 5.42%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $1,810,000 $181,000 $0 5.28%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $1,075,000 $119,444 $0 5.24%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,005,000 $335,000 $10,328 4.92%
    FAYETTEVILLE, NC (FHA|USDA|VA) 12 $960,000 $80,000 $0 5.00%
    POCATELLO, ID (FHA|USDA|VA) 5 $875,000 $175,000 $3,938 4.65%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $725,000 $725,000 $7,595 5.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $685,000 $97,857 $0 5.39%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $595,000 $595,000 $4,595 5.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $555,000 $185,000 $6,731 4.92%
    ANCHORAGE, AK (FHA|USDA|VA) 1 $525,000 $525,000 $0 5.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.00%
    Cedar City, UT (FHA|USDA|VA) 3 $425,000 $141,667 $4,271 4.79%
    RICHMOND, VA (FHA|USDA|VA) 4 $390,000 $97,500 $0 5.59%
    Newport, OR (FHA|USDA|VA) 1 $385,000 $385,000 $6,582 4.38%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $355,000 $355,000 $11,983 4.63%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $305,000 $101,667 $0 5.54%
    CHEYENNE, WY (FHA|USDA|VA) 1 $265,000 $265,000 $6,521 3.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $255,000 $85,000 $0 5.79%
    Rexburg, ID (FHA|USDA|VA) 2 $240,000 $120,000 $3,177 4.88%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.63%
    BURLINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.25%
    OCALA, FL (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.31%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $205,000 $205,000 $5,883 4.63%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,744 5.25%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $195,000 $195,000 $4,757 4.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.31%
    Warrensburg, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,246 4.50%
    RENO, NV (FHA|USDA|VA) 1 $155,000 $155,000 $3,884 4.63%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 5.50%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.88%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.13%
    New Castle, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.63%
    Price, UT (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.75%
    Altabank's top markets include Provo, Logan, Salt Lake City, St. George, and Ogden among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Altabank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    State Bank of Southern Utah
    Similarity Rank: 256
    Jordan Federal Credit Union
    Similarity Rank: 294
    Nevada Mortgage Inc.
    Similarity Rank: 363
    ADVANTAGE PLUS
    Similarity Rank: 595
    ONE NEVADA CREDIT UNION
    Similarity Rank: 700
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 828
    Credit Union 1
    Similarity Rank: 944
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 1002
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 1100
    Triumph Bank
    Similarity Rank: 1224

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 924 $218,100,000 $236,039 $4,152 4.93%
    FHA 31 $7,195,000 $232,097 $7,641 4.17%
    VA 17 $5,515,000 $324,412 $8,527 3.95%
    USDA 17 $4,195,000 $246,765 $6,443 4.17%

    For 2018, Altabank's most frequently originated type of loan was Conventional, with 924 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 815 $196,015,000 $240,509 $4,715 4.90%
    Cash Out Refi 86 $18,100,000 $210,465 $4,208 4.79%
    Refi 75 $18,675,000 $249,000 $4,084 4.69%
    Other 12 $2,010,000 $167,500 $3,343 4.98%
    Home Improvement 1 $205,000 $205,000 $0 5.50%

    For 2018, Altabank's most frequently cited loan purpose was Home Purchase, with 815 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 902 $198,000,000 $219,512 $4,612 4.86%
    15 Year 31 $6,925,000 $223,387 $4,027 4.03%
    10 Year 24 $19,390,000 $807,917 $2,651 5.64%
    20 Year 14 $3,280,000 $234,286 $4,310 4.45%
    5 Year 6 $1,700,000 $283,333 $3,254 5.98%
    Other 6 $4,410,000 $735,000 $2,663 6.70%
    3 Year 4 $990,000 $247,500 $0 5.96%
    1 Year 2 $310,000 $155,000 $0 6.38%

    For 2018, Altabank's most frequently cited loan duration was 30 Year, with 902 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 276 $74,340,000 $269,348
    $2k-3k 121 $30,995,000 $256,157
    $3k-4k 71 $21,545,000 $303,451
    $<1k 28 $7,590,000 $271,071
    $4k-5k 28 $9,650,000 $344,643
    $5k+ 19 $7,515,000 $395,526

    Altabank's average total fees were $4,612, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 276 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 486 $128,750,000 $264,918
    5-6% 382 $66,090,000 $173,010
    3-4% 100 $26,410,000 $264,100
    6-7% 15 $8,325,000 $555,000
    7-8% 3 $4,295,000 $1,431,667
    % 3 $1,135,000 $378,333

    During 2018, Altabank's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 4-5%, with 486 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 414 $59,720,000 $144,251 $3,695 5.08%
    $200k-400k 343 $95,935,000 $279,694 $4,960 4.59%
    $100,000 or less 116 $8,730,000 $75,259 $2,446 5.17%
    $400k-600k 92 $41,590,000 $452,065 $4,976 4.53%
    $600k-1MM 16 $11,040,000 $690,000 $6,118 4.98%
    $1MM+ 8 $17,990,000 $2,248,750 $0 5.79%

    2018 saw Altabank place emphasis on $100k-200k loans with 414 originations, totaling $59,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 221 $44,015,000 $199,163 $4,783 4.75%
    $100k-150k 206 $49,010,000 $237,913 $4,618 4.91%
    $75k-100k 194 $42,570,000 $219,433 $4,681 4.88%
    $150k-250k 108 $28,000,000 $259,259 $4,901 4.91%
    $50k or less 108 $16,610,000 $153,796 $3,930 4.69%
    $250k+ 93 $22,415,000 $241,022 $4,638 5.07%

    Altabank lent most frequently to those with incomes in the $50k-75k range, with 221 originations. The second most popular income band? $100k-150k, with 206 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 194 $38,690,000 $199,433 $4,459 4.81%
    30-36% 187 $42,155,000 $225,428 $4,637 4.77%
    <20% 126 $22,460,000 $178,254 $3,754 5.05%
    41% 54 $11,530,000 $213,519 $4,597 4.86%
    45% 38 $9,310,000 $245,000 $4,874 4.91%
    40% 37 $9,145,000 $247,162 $4,597 4.90%
    39% 37 $7,285,000 $196,892 $3,531 4.90%
    42% 36 $9,220,000 $256,111 $4,828 4.80%
    43% 36 $8,820,000 $245,000 $4,058 4.84%
    36% 31 $8,555,000 $275,968 $5,691 4.79%
    44% 30 $6,870,000 $229,000 $5,331 4.93%
    48% 27 $6,755,000 $250,185 $4,505 4.54%
    37% 25 $5,475,000 $219,000 $4,204 4.89%
    38% 23 $4,995,000 $217,174 $4,213 4.91%
    50-60% 23 $6,045,000 $262,826 $5,825 4.55%
    46% 23 $5,135,000 $223,261 $4,273 4.75%
    47% 20 $5,460,000 $273,000 $4,840 4.65%
    49% 14 $3,020,000 $215,714 $5,502 4.82%

    Altabank lent most frequently to those with DTI ratios of 20-30%, with 194 originations. The next most common DTI ratio? 30-36%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 878 $189,030,000 $215,296 $4,512 4.86%
    Not applicable 27 $23,945,000 $886,852 $0 6.09%
    Not provided 67 $18,225,000 $272,015 $5,095 4.58%
    Asian 11 $2,655,000 $241,364 $4,333 5.13%
    Native Hawaiian or Islander 3 $615,000 $205,000 $5,852 4.42%
    Black 1 $245,000 $245,000 $2,939 4.75%
    American Indian 1 $175,000 $175,000 $2,844 4.00%
    Filipino 1 $115,000 $115,000 $0 5.38%

    Approval Rates

    Total approvals of all applications
    97.25%

    Altabank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    77.05%

    Altabank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 989 $235,005,000 $237,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 13 $20,775,000 $1,598,077
    Single Family (1-4 Units):Manufactured 3 $565,000 $188,333
    Single Family (1-4 Units):Site-Built 972 $213,460,000 $219,609

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $7,145,000 $174,268 $3,114 4.57%
    40-60% 94 $26,310,000 $279,894 $3,915 4.45%
    60-80% 466 $119,300,000 $256,009 $4,486 5.01%
    80-100% 371 $80,075,000 $215,836 $5,111 4.83%
    Over 100% 4 $1,220,000 $305,000 $11,273 4.06%
    Under 20% 12 $850,000 $70,833 $1,921 5.43%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    People's Intermountain Bank 10757 River Front Parkway Suite 15 South Jordan, UT 84095 Full Service B&M $21,882
    People's Intermountain Bank 113 South Main Street Alpine, UT 84004 Full Service B&M $122,463
    People's Intermountain Bank 121 South State Street Preston, ID 83263 Full Service B&M $3,846
    People's Intermountain Bank 1280 South 800 East Orem, UT 84097 Full Service B&M $140,768
    People's Intermountain Bank 135 East 200 North Salem, UT 84653 Full Service B&M $28,141
    People's Intermountain Bank 1543 North Redwood Road Saratoga Springs, UT 84045 Full Service B&M $25,554
    People's Intermountain Bank 17 East Center Street Lewiston, UT 84320 Full Service B&M $132,018
    People's Intermountain Bank 175 S. Main Street, Suites 120 And 210 Salt Lake City, UT 84111 Full Service B&M $15,055
    People's Intermountain Bank 201 East Center Provo, UT 84606 Full Service B&M $36,143
    People's Intermountain Bank 217 South State Preston, ID 83263 Full Service B&M $44,245
    People's Intermountain Bank 2174 W Grove Pkwy Suite 125 Pleasant Grove, UT 84062 Full Service Cyber Office $4,466
    People's Intermountain Bank 2190 North Main Street North Logan, UT 84321 Full Service B&M $105,365
    People's Intermountain Bank 2691 West 12600 South Riverton, UT 84065 Full Service B&M $25,378
    People's Intermountain Bank 290 East State Rd Pleasant Grove, UT 84062 Full Service B&M $81,450
    People's Intermountain Bank 294 South Main Street Logan, UT 84321 Full Service B&M $11,815
    People's Intermountain Bank 300 East Main Tremonton, UT 84337 Full Service B&M $321
    People's Intermountain Bank 33 East Main Street American Fork, UT 84003 Full Service B&M $299,305
    People's Intermountain Bank 405 East St. George Boulevard Saint George, UT 84770 Full Service B&M $107,823
    People's Intermountain Bank 476 West Heritage Park Blvd Suite 100 Layton, UT 84041 Full Service B&M $35,924
    People's Intermountain Bank 5405 West 11000 North Highland, UT 84003 Full Service B&M $85,258
    People's Intermountain Bank 5824 South State Street Murray, UT 84107 Full Service B&M $71,806
    People's Intermountain Bank 625 North Main Spanish Fork, UT 84660 Full Service B&M $107,856
    People's Intermountain Bank 650 East 12300 South Draper, UT 84020 Full Service B&M $58,732
    People's Intermountain Bank 712 East Main Street Lehi, UT 84043 Full Service B&M $142,490
    People's Intermountain Bank 855 East 9400 South Sandy, UT 84094 Full Service B&M $52,029
    People's Intermountain Bank 885 North Main Springville, UT 84663 Full Service B&M $11,209
    People's Intermountain Bank 95 East 500 South Bountiful, UT 84010 Full Service B&M $13,973

    For 2018, Altabank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $115,352
    Net interest income $108,173
    Total noninterest income $15,666
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,840
    Trading account gains and fees $0
    Additional Noninterest Income $12,826
    Pre-tax net operating income $53,628
    Securities gains (or losses, -) $0
    Income before extraordinary items $41,309
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $41,309
    Minority interest net income $0
    Net income $41,309
    Sale, conversion, retirement of capital stock, net $891
    Net operating income $41,309

    Altabank's gross interest income from loans was $115,352,000.
    Altabank's net interest income from loans was $108,173,000.
    Altabank's fee based income from loans was $2,840,000.
    Altabank's net income from loans was $41,309,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,179
    Provision for credit losses $8,625
    Total noninterest expense $61,586
    Salaries and employee benefits $39,887
    Premises and equipment expense $6,010
    Additional noninterest expense $15,689
    Applicable income taxes $12,319
    Net charge-offs $1,683
    Cash dividends $7,900

    Altabank's interest expense for loans was $7,179,000.
    Altabank's payroll and benefits expense were $39,887,000.
    Altabank's property, plant and equipment expenses $6,010,000.

    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 0.4%
    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 $1,880,341
    Deposits held in domestic offices $1,880,341
    Deposits by Individuals, partnerships, and corporations $1,855,976
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,193
    Deposits by Commercial banks and other depository institutions in U.S. $4,172
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $318,087
    Demand deposits $318,087
    Nontransaction accounts $1,562,254
    Money market deposit accounts (MMDAs) $257,309
    Other savings deposits (excluding MMDAs) $1,123,249
    Total time deposits $181,697
    Total time and savings deposits $1,562,254
    Noninterest-bearing deposits $638,104
    Interest-bearing deposits $1,242,237
    Retail deposits $1,743,007
    IRAs and Keogh plan accounts $41,790
    Brokered deposits $99,024
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,183,774
    Cash & Balances due from depository institutions $46,927
    Interest-bearing balances $2,933
    Total securities $346,426
    Federal funds sold & reverse repurchase $1,620
    Net loans and leases $1,663,924
    Loan and leases loss allowance $25,245
    Trading account assets $0
    Bank premises and fixed assets $35,296
    Other real estate owned $0
    Goodwill and other intangibles $30,210
    All other assets $59,371

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,183,774
    Total Liabilities $1,896,699
    Total deposits $1,880,341
    Interest-bearing deposits $1,242,237
    Deposits held in domestic offices $1,880,341
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $16,358

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,663,924
    Loan and leases loss allowance $25,245
    Total loans and leases (domestic) $1,689,169
    All real estate loans $1,381,505
    Real estate loans in domestic offices $1,381,505
    Construction and development loans $324,506
    Residential 1-4 family construction $91,336
    Other construction, all land development and other land $233,170
    Loans secured by nonfarm nonresidential properties $755,971
    Nonfarm nonresidential secured by owner-occupied properties $424,302
    Commercial real estate & other non-farm, non-residential $331,669
    Multifamily residential real estate $79,341
    1-4 family residential loans $165,868
    Farmland loans $55,819
    Loans held in foreign offices $0
    Farm loans $8,363
    Commercial and industrial loans $241,890
    To non-U.S. addressees $0
    Loans to individuals $16,622
    Credit card loans $4,735
    Related Plans $1,316
    Consumer Auto Loans $6,905
    Other loans to individuals $3,666
    All other loans & leases $45,315
    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 $2,386
    Non 1-4 family restructured loans & leases $921
    Total loans and leases (foreign) $0

    Altabank had $1,663,924,000 of loans outstanding in 2018. $1,381,505,000 of loans were in real estate loans. $324,506,000 of loans were in development loans. $79,341,000 of loans were in multifamily mortgage loans. $165,868,000 of loans were in 1-4 family mortgage loans. $8,363,000 of loans were in farm loans. $4,735,000 of loans were in credit card loans. $6,905,000 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 726 $208,078 $286,609
    Nonfarm, nonresidential loans - <$100k 45 $1,939 $43,089
    Nonfarm, nonresidential loans - $100-250k 222 $28,133 $126,725
    Nonfarm, nonresidential loans - $250k-1MM 459 $178,006 $387,813
    Commercial & Industrial, US addressed loans - <$1MM 995 $83,139 $83,557
    Commercial & Industrial, US addressed loans - <$100k 529 $14,014 $26,491
    Commercial & Industrial, US addressed loans - $100-250k 243 $21,500 $88,477
    Commercial & Industrial, US addressed loans - $250k-1MM 223 $47,625 $213,565
    Farmland loans - <$1MM 146 $17,215 $117,911
    Farmland loans - <$100k 64 $2,565 $40,078
    Farmland loans - $100-250k 52 $6,245 $120,096
    Farmland loans - $250k-1MM 30 $8,405 $280,167
    Agriculture operations loans - <$1MM 155 $6,675 $43,065
    Agriculture operations loans - <$100k 118 $2,357 $19,975
    Agriculture operations loans - $100-250k 26 $2,215 $85,192
    Agriculture operations loans - $250k-1MM 11 $2,103 $191,182