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

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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, Ogden, and Lakeland among others. We have data for 61 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

    1,083

    Origination Dollar Volume (All Markets)

    $250,675,000

    Employee count

    441 Show all (6) 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 $75,990,000 $330,391 $4,402 4.04%
    LOGAN, UT-ID (FHA|USDA|VA) 180 $45,750,000 $254,167 $3,760 4.02%
    SALT LAKE CITY, UT (FHA|USDA|VA) 68 $22,380,000 $329,118 $4,217 4.16%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 64 $19,450,000 $303,906 $3,630 4.31%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 132 $18,990,000 $143,864 $4,942 5.08%
    ST. GEORGE, UT (FHA|USDA|VA) 54 $15,800,000 $292,593 $3,989 4.55%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 69 $7,365,000 $106,739 $0 5.17%
    Outside of Metro Areas 30 $6,590,000 $219,667 $3,908 4.09%
    Heber, UT (FHA|USDA|VA) 9 $6,565,000 $729,444 $3,650 5.15%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 46 $4,250,000 $92,391 $0 5.06%
    YORK-HANOVER, PA (FHA|USDA|VA) 33 $3,135,000 $95,000 $0 5.19%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 17 $2,805,000 $165,000 $5,422 5.13%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 21 $1,715,000 $81,667 $0 5.11%
    FAYETTEVILLE, NC (FHA|USDA|VA) 22 $1,500,000 $68,182 $0 4.91%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,495,000 $498,333 $16,545 4.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,240,000 $155,000 $4,774 4.81%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,170,000 $292,500 $5,390 4.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $14,179 3.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $1,040,000 $104,000 $0 5.29%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,030,000 $171,667 $0 4.90%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 10 $790,000 $79,000 $0 5.26%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $785,000 $261,667 $3,287 4.21%
    RICHMOND, VA (FHA|USDA|VA) 6 $610,000 $101,667 $4,248 5.58%
    OCALA, FL (FHA|USDA|VA) 4 $580,000 $145,000 $4,800 4.47%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $525,000 $525,000 $5,809 4.38%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $470,000 $117,500 $0 5.22%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $460,000 $57,500 $0 5.11%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $4,547 3.00%
    POCATELLO, ID (FHA|USDA|VA) 3 $435,000 $145,000 $2,582 4.42%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $415,000 $415,000 $4,294 3.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $385,000 $385,000 $13,761 4.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $4,273 4.13%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $305,000 $305,000 $3,691 4.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.13%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $285,000 $285,000 $12,407 4.50%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.50%
    Cedar City, UT (FHA|USDA|VA) 1 $275,000 $275,000 $7,813 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,088 4.50%
    SALEM, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,522 4.13%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.63%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $235,000 $78,333 $0 5.33%
    LANCASTER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.63%
    BOISE CITY, ID (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.75%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $165,000 $165,000 $5,420 3.88%
    BURLINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $6,828 4.13%
    BOULDER, CO (FHA|USDA|VA) 1 $155,000 $155,000 $3,128 4.63%
    TUCSON, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.50%
    Willmar, MN (FHA|USDA|VA) 1 $145,000 $145,000 $4,735 3.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.13%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.38%
    LINCOLN, NE (FHA|USDA|VA) 1 $125,000 $125,000 $3,025 3.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.38%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.13%
    Price, UT (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.50%
    New Castle, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.13%
    COLUMBIA, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    Altabank's top markets include Provo, Logan, Salt Lake City, Ogden, and Lakeland among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (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: 189
    Jordan Federal Credit Union
    Similarity Rank: 245
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    Nevada Mortgage Inc.
    Similarity Rank: 401
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 470
    ALOHA PACIFIC
    Similarity Rank: 695
    ADVANTAGE PLUS
    Similarity Rank: 833
    Credit Union 1
    Similarity Rank: 850
    Wasatch Peaks Federal Credit Union
    Similarity Rank: 900

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,030 $235,450,000 $228,592 $3,803 4.54%
    FHA 25 $7,105,000 $284,200 $8,583 3.78%
    VA 20 $6,510,000 $325,500 $7,532 3.72%
    USDA 8 $1,610,000 $201,250 $5,475 3.78%

    For 2019, Altabank's most frequently originated type of loan was Conventional, with 1,030 originations. Their 2nd most popular type was FHA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 777 $166,355,000 $214,099 $4,394 4.70%
    Refi 157 $47,055,000 $299,713 $3,653 3.86%
    Cash Out Refi 126 $32,670,000 $259,286 $4,243 4.08%
    Other 19 $3,795,000 $199,737 $3,986 4.45%
    Home Improvement 4 $800,000 $200,000 $4,633 5.32%

    For 2019, Altabank's most frequently cited loan purpose was Home Purchase, with 777 originations. The 2nd most popular reason was Refi, with 157 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 958 $207,440,000 $216,534 $4,256 4.52%
    15 Year 54 $10,210,000 $189,074 $3,645 3.58%
    10 Year 21 $12,935,000 $615,952 $3,404 5.39%
    20 Year 19 $4,715,000 $248,158 $3,595 3.78%
    5 Year 13 $2,475,000 $190,385 $0 5.47%
    Other 11 $6,175,000 $561,364 $3,520 5.42%
    1 Year 4 $5,510,000 $1,377,500 $0 6.13%
    3 Year 3 $1,215,000 $405,000 $0 6.00%

    For 2019, Altabank's most frequently cited loan duration was 30 Year, with 958 originations. The 2nd most popular length was 15 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 327 $89,465,000 $273,593
    $2k-3k 93 $25,925,000 $278,763
    $3k-4k 53 $17,355,000 $327,453
    $<1k 50 $16,030,000 $320,600
    $4k-5k 22 $8,120,000 $369,091
    $5k+ 9 $3,865,000 $429,444

    Altabank's average total fees were $4,256, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 327 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 387 $109,275,000 $282,364
    4-5% 363 $87,215,000 $240,262
    5-6% 322 $50,730,000 $157,547
    6-7% 5 $1,935,000 $387,000
    2.5-3% 3 $935,000 $311,667
    7-8% 3 $585,000 $195,000

    During 2019, Altabank's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 3-4%, with 387 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 414 $59,230,000 $143,068 $3,234 4.77%
    $200k-400k 375 $107,925,000 $287,800 $4,336 4.06%
    $100,000 or less 175 $12,955,000 $74,029 $2,901 5.04%
    $400k-600k 98 $44,980,000 $458,980 $4,843 4.08%
    $600k-1MM 14 $10,420,000 $744,286 $6,045 4.59%
    $1MM+ 7 $15,165,000 $2,166,429 $0 5.39%

    2019 saw Altabank place emphasis on $100k-200k loans with 414 originations, totaling $59,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 211 $49,035,000 $232,393 $4,605 4.46%
    $75k-100k 208 $44,290,000 $212,933 $4,425 4.48%
    $50k-75k 190 $40,910,000 $215,316 $4,088 4.32%
    $150k-250k 157 $35,475,000 $225,955 $4,608 4.73%
    $50k or less 118 $18,110,000 $153,475 $3,654 4.43%
    $250k+ 112 $24,150,000 $215,625 $4,179 4.74%

    Altabank lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $75k-100k, with 208 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 242 $46,600,000 $192,562 $3,637 4.44%
    30-36% 174 $39,550,000 $227,299 $3,904 4.45%
    <20% 127 $23,755,000 $187,047 $3,675 4.55%
    44% 47 $9,605,000 $204,362 $4,286 4.56%
    43% 43 $10,155,000 $236,163 $4,558 4.46%
    45% 40 $9,170,000 $229,250 $3,857 4.50%
    41% 39 $9,075,000 $232,692 $5,248 4.53%
    42% 38 $8,340,000 $219,474 $3,484 4.46%
    38% 38 $10,410,000 $273,947 $4,348 4.36%
    40% 36 $8,760,000 $243,333 $4,050 4.41%
    39% 36 $9,100,000 $252,778 $4,534 4.18%
    36% 36 $7,230,000 $200,833 $4,980 4.47%
    37% 32 $7,140,000 $223,125 $4,690 4.47%
    46% 28 $5,510,000 $196,786 $4,666 4.53%
    48% 22 $4,960,000 $225,455 $4,937 4.53%
    50-60% 19 $5,285,000 $278,158 $6,301 4.30%
    47% 18 $4,220,000 $234,444 $5,058 4.39%
    49% 18 $4,100,000 $227,778 $5,336 4.40%

    Altabank lent most frequently to those with DTI ratios of 20-30%, with 242 originations. The next most common DTI ratio? 30-36%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 933 $207,025,000 $221,892 $4,213 4.44%
    Not applicable 35 $22,365,000 $639,000 $0 5.58%
    Not provided 74 $13,320,000 $180,000 $3,678 4.74%
    Asian 27 $5,415,000 $200,556 $3,385 4.76%
    Black 7 $1,565,000 $223,571 $5,449 4.45%
    Native Hawaiian or Islander 6 $830,000 $138,333 $3,783 4.46%
    American Indian 1 $155,000 $155,000 $0 5.38%

    Approval Rates

    Total approvals of all applications
    98.55%

    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
    69.71%

    Altabank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,083 $250,675,000 $231,464

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $9,010,000 $901,000
    Single Family (1-4 Units):Manufactured 4 $460,000 $115,000
    Single Family (1-4 Units):Site-Built 1,069 $241,205,000 $225,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $7,580,000 $164,783 $3,338 4.01%
    40-60% 98 $24,310,000 $248,061 $3,591 4.03%
    60-80% 586 $137,060,000 $233,891 $3,929 4.65%
    80-100% 349 $80,975,000 $232,020 $4,774 4.46%
    Over 100% 1 $285,000 $285,000 $12,407 4.50%
    Under 20% 3 $465,000 $155,000 $2,734 4.26%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    People's Intermountain Bank 10757 River Front Pkwy Suite 150 South Jordan, UT 84095 Full Service B&M $32,141
    People's Intermountain Bank 125 South State Street Preston, ID 83263 Full Service B&M $54,770
    People's Intermountain Bank 1280 South 800 East Orem, UT 84097 Full Service B&M $168,890
    People's Intermountain Bank 135 East 200 North Salem, UT 84653 Full Service B&M $28,952
    People's Intermountain Bank 1543 North Redwood Road Saratoga Springs, UT 84045 Full Service B&M $36,507
    People's Intermountain Bank 17 East Center Street Lewiston, UT 84320 Full Service B&M $144,189
    People's Intermountain Bank 175 S. Main Street Suite 120 Salt Lake City, UT 84111 Full Service B&M $24,498
    People's Intermountain Bank 201 East Center Provo, UT 84606 Full Service B&M $55,329
    People's Intermountain Bank 2174 W Grove Pkwy Suite 125 Pleasant Grove, UT 84062 Full Service Cyber Office $1,030
    People's Intermountain Bank 2174 W Grove Pkwy, Suite 125 Pleasant Grove, UT 84062 Full Service B&M $317
    People's Intermountain Bank 2190 North Main Street North Logan, UT 84321 Full Service B&M $114,123
    People's Intermountain Bank 2691 West 12600 South Riverton, UT 84065 Full Service B&M $65,782
    People's Intermountain Bank 290 East State Rd Pleasant Grove, UT 84062 Full Service B&M $90,189
    People's Intermountain Bank 294 South Main Street Logan, UT 84321 Full Service B&M $18,917
    People's Intermountain Bank 300 East Main Tremonton, UT 84337 Full Service B&M $1,922
    People's Intermountain Bank 33 East Main Street American Fork, UT 84003 Full Service B&M $291,816
    People's Intermountain Bank 405 East St. George Boulevard Saint George, UT 84770 Full Service B&M $94,669
    People's Intermountain Bank 476 West Heritage Park Blvd Suite 100 Layton, UT 84041 Full Service B&M $34,152
    People's Intermountain Bank 5405 West 11000 North Highland, UT 84003 Full Service B&M $124,907
    People's Intermountain Bank 5824 South State Street Murray, UT 84107 Full Service B&M $87,031
    People's Intermountain Bank 60 E 100 South Alpine, UT 84004 Full Service B&M $123,390
    People's Intermountain Bank 625 North Main Spanish Fork, UT 84660 Full Service B&M $105,958
    People's Intermountain Bank 650 East 12300 South Draper, UT 84020 Full Service B&M $57,668
    People's Intermountain Bank 712 East Main Street Lehi, UT 84043 Full Service B&M $144,590
    People's Intermountain Bank 855 East 9400 South Sandy, UT 84094 Full Service B&M $50,407
    People's Intermountain Bank 885 North Main Springville, UT 84663 Full Service B&M $13,707
    People's Intermountain Bank 95 East 500 South Bountiful, UT 84010 Full Service B&M $19,350

    For 2019, Altabank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $119,049
    Net interest income $109,905
    Total noninterest income $16,203
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,807
    Trading account gains and fees $0
    Additional Noninterest Income $13,396
    Pre-tax net operating income $58,714
    Securities gains (or losses, -) $-4
    Income before extraordinary items $44,999
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $44,999
    Minority interest net income $0
    Net income $44,999
    Sale, conversion, retirement of capital stock, net $1,011
    Net operating income $45,002

    Altabank's gross interest income from loans was $119,049,000.
    Altabank's net interest income from loans was $109,905,000.
    Altabank's fee based income from loans was $2,807,000.
    Altabank's net income from loans was $44,999,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,144
    Provision for credit losses $7,000
    Total noninterest expense $60,394
    Salaries and employee benefits $38,868
    Premises and equipment expense $6,032
    Additional noninterest expense $15,494
    Applicable income taxes $13,711
    Net charge-offs $819
    Cash dividends $11,400

    Altabank's interest expense for loans was $9,144,000.
    Altabank's payroll and benefits expense were $38,868,000.
    Altabank's property, plant and equipment expenses $6,032,000.

    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 1.0%
    Personal loans 0.0%
    Credit card loans 0.1%
    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 $2,061,262
    Deposits held in domestic offices $2,061,262
    Deposits by Individuals, partnerships, and corporations $1,978,312
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $78,780
    Deposits by Commercial banks and other depository institutions in U.S. $4,170
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $344,902
    Demand deposits $344,902
    Nontransaction accounts $1,716,360
    Money market deposit accounts (MMDAs) $324,366
    Other savings deposits (excluding MMDAs) $1,225,802
    Total time deposits $166,192
    Total time and savings deposits $1,716,360
    Noninterest-bearing deposits $719,410
    Interest-bearing deposits $1,341,852
    Retail deposits $2,026,951
    IRAs and Keogh plan accounts $39,564
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,406,298
    Cash & Balances due from depository institutions $210,942
    Interest-bearing balances $171,955
    Total securities $405,995
    Federal funds sold & reverse repurchase $1,039
    Net loans and leases $1,668,161
    Loan and leases loss allowance $31,426
    Trading account assets $0
    Bank premises and fixed assets $38,856
    Other real estate owned $0
    Goodwill and other intangibles $29,376
    All other assets $51,929

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,406,298
    Total Liabilities $2,079,120
    Total deposits $2,061,262
    Interest-bearing deposits $1,341,852
    Deposits held in domestic offices $2,061,262
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $17,858

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,668,161
    Loan and leases loss allowance $31,426
    Total loans and leases (domestic) $1,699,587
    All real estate loans $1,403,264
    Real estate loans in domestic offices $1,403,264
    Construction and development loans $273,963
    Residential 1-4 family construction $99,850
    Other construction, all land development and other land $174,113
    Loans secured by nonfarm nonresidential properties $819,291
    Nonfarm nonresidential secured by owner-occupied properties $499,857
    Commercial real estate & other non-farm, non-residential $319,434
    Multifamily residential real estate $68,916
    1-4 family residential loans $181,227
    Farmland loans $59,867
    Loans held in foreign offices $0
    Farm loans $5,908
    Commercial and industrial loans $239,275
    To non-U.S. addressees $0
    Loans to individuals $16,036
    Credit card loans $4,155
    Related Plans $1,103
    Consumer Auto Loans $6,294
    Other loans to individuals $4,484
    All other loans & leases $39,555
    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 $23,182
    Non 1-4 family restructured loans & leases $20,263
    Total loans and leases (foreign) $0

    Altabank had $1,668,161,000 of loans outstanding in 2019. $1,403,264,000 of loans were in real estate loans. $273,963,000 of loans were in development loans. $68,916,000 of loans were in multifamily mortgage loans. $181,227,000 of loans were in 1-4 family mortgage loans. $5,908,000 of loans were in farm loans. $4,155,000 of loans were in credit card loans. $6,294,000 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 711 $213,047 $299,644
    Nonfarm, nonresidential loans - <$100k 45 $1,667 $37,044
    Nonfarm, nonresidential loans - $100-250k 210 $26,125 $124,405
    Nonfarm, nonresidential loans - $250k-1MM 456 $185,255 $406,261
    Commercial & Industrial, US addressed loans - <$1MM 935 $88,410 $94,556
    Commercial & Industrial, US addressed loans - <$100k 481 $11,817 $24,568
    Commercial & Industrial, US addressed loans - $100-250k 226 $19,583 $86,650
    Commercial & Industrial, US addressed loans - $250k-1MM 228 $57,010 $250,044
    Farmland loans - <$1MM 145 $15,840 $109,241
    Farmland loans - <$100k 68 $2,543 $37,397
    Farmland loans - $100-250k 48 $5,820 $121,250
    Farmland loans - $250k-1MM 29 $7,477 $257,828
    Agriculture operations loans - <$1MM 98 $4,364 $44,531
    Agriculture operations loans - <$100k 75 $1,520 $20,267
    Agriculture operations loans - $100-250k 19 $1,905 $100,263
    Agriculture operations loans - $250k-1MM 4 $939 $234,750