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 and Refi 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 St. George among others. We have data for 65 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

    1,340

    Origination Dollar Volume (All Markets)

    $386,600,000

    Employee count

    440 Show all (12) 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) 409 $132,195,000 $323,215 $3,829 3.06%
    LOGAN, UT-ID (FHA|USDA|VA) 269 $69,395,000 $257,974 $3,736 3.15%
    SALT LAKE CITY, UT (FHA|USDA|VA) 188 $65,090,000 $346,223 $3,576 3.09%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 77 $28,735,000 $373,182 $4,362 3.17%
    ST. GEORGE, UT (FHA|USDA|VA) 66 $18,580,000 $281,515 $3,817 3.19%
    Outside of Metro Areas 37 $10,385,000 $280,676 $4,879 3.14%
    Heber, UT (FHA|USDA|VA) 12 $7,620,000 $635,000 $5,771 3.30%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 33 $7,495,000 $227,121 $4,297 2.67%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 57 $6,955,000 $122,018 $0 4.60%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $3,900,000 $487,500 $0 3.94%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 25 $3,735,000 $149,400 $0 4.52%
    Rexburg, ID (FHA|USDA|VA) 2 $3,040,000 $1,520,000 $3,340 3.31%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 26 $2,600,000 $100,000 $0 4.50%
    OCALA, FL (FHA|USDA|VA) 18 $2,460,000 $136,667 $0 4.66%
    Cedar City, UT (FHA|USDA|VA) 8 $2,080,000 $260,000 $3,683 3.18%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $2,005,000 $401,000 $3,435 3.40%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 16 $1,440,000 $90,000 $0 5.04%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,615 3.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $920,000 $460,000 $4,350 2.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $900,000 $450,000 $5,640 2.94%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $805,000 $268,333 $11,602 3.17%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $725,000 $145,000 $0 4.85%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $695,000 $695,000 $8,027 3.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 8 $690,000 $86,250 $0 4.77%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $660,000 $165,000 $0 4.13%
    Blackfoot, ID (FHA|USDA|VA) 2 $600,000 $300,000 $3,077 3.37%
    BOISE CITY, ID (FHA|USDA|VA) 2 $590,000 $295,000 $3,640 3.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $530,000 $265,000 $4,311 3.25%
    Jackson, WY-ID (FHA|USDA|VA) 1 $515,000 $515,000 $3,831 3.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $495,000 $495,000 $5,891 3.13%
    IDAHO FALLS, ID (FHA|USDA|VA) 4 $490,000 $122,500 $3,264 2.91%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $475,000 $475,000 $4,095 3.38%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $405,000 $405,000 $1,689 2.50%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $385,000 $385,000 $4,033 2.75%
    Price, UT (FHA|USDA|VA) 1 $375,000 $375,000 $3,517 2.63%
    GREELEY, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,512 3.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $375,000 $375,000 $2,835 2.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $365,000 $121,667 $0 4.54%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $360,000 $90,000 $0 4.88%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $325,000 $325,000 $4,130 2.25%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $315,000 $315,000 $10,936 3.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $295,000 $295,000 $3,229 2.75%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,924 2.63%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $290,000 $72,500 $0 4.47%
    MEDFORD, OR (FHA|USDA|VA) 1 $285,000 $285,000 $3,971 2.88%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $275,000 $275,000 $8,405 3.25%
    POCATELLO, ID (FHA|USDA|VA) 2 $270,000 $135,000 $4,322 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,368 2.25%
    CHEYENNE, WY (FHA|USDA|VA) 1 $265,000 $265,000 $3,573 2.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.63%
    Riverton, WY (FHA|USDA|VA) 1 $265,000 $265,000 $2,830 2.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,687 4.00%
    Sandpoint, ID (FHA|USDA|VA) 1 $255,000 $255,000 $4,309 3.25%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.63%
    Vernal, UT (FHA|USDA|VA) 1 $225,000 $225,000 $3,093 3.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.88%
    CASPER, WY (FHA|USDA|VA) 1 $215,000 $215,000 $2,687 3.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.19%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $5,031 3.50%
    AKRON, OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,470 3.38%
    Clovis, NM (FHA|USDA|VA) 1 $185,000 $185,000 $9,972 2.25%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $165,000 $165,000 $8,646 3.25%
    COLUMBUS, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.13%
    Altabank's top markets include Provo, Logan, Salt Lake City, Ogden, and St. George among others.

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

    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    State Bank of Southern Utah
    Similarity Rank: 420
    Jordan Federal Credit Union
    Similarity Rank: 430
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 800
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 1056
    WESTCOAST MORTGAGE GROUP AND REALTY COMPANY
    Similarity Rank: 1290
    SNAPFI, INC.
    Similarity Rank: 1435
    Bank Iowa
    Similarity Rank: 1998
    ADVANTAGE PLUS
    Similarity Rank: 2010
    D. L. Evans Bank
    Similarity Rank: 2030

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,270 $366,100,000 $288,268 $3,667 3.34%
    VA 40 $12,520,000 $313,000 $6,067 2.56%
    FHA 21 $5,435,000 $258,810 $8,216 2.76%
    USDA 9 $2,545,000 $282,778 $6,879 3.06%

    For 2020, Altabank's most frequently originated type of loan was Conventional, with 1,270 originations. Their 2nd most popular type was VA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 565 $173,445,000 $306,982 $4,743 3.65%
    Refi 482 $138,220,000 $286,763 $3,278 2.99%
    Cash Out Refi 275 $69,595,000 $253,073 $3,817 3.14%
    Other 14 $4,900,000 $350,000 $4,182 3.24%
    Home Improvement 4 $440,000 $110,000 $3,144 3.36%

    For 2020, Altabank's most frequently cited loan purpose was Home Purchase, with 565 originations. The 2nd most popular reason was Refi, with 482 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,062 $287,770,000 $270,970 $4,115 3.37%
    15 Year 163 $32,895,000 $201,810 $3,144 2.79%
    20 Year 50 $12,860,000 $257,200 $3,448 3.02%
    10 Year 42 $38,300,000 $911,905 $2,752 3.65%
    Other 12 $3,030,000 $252,500 $2,655 3.41%
    5 Year 6 $8,610,000 $1,435,000 $0 4.13%
    3 Year 3 $2,435,000 $811,667 $0 4.33%
    1 Year 2 $700,000 $350,000 $0 4.63%

    For 2020, Altabank's most frequently cited loan duration was 30 Year, with 1,062 originations. The 2nd most popular length was 15 Year, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 590 $169,880,000 $287,932
    $<1k 119 $35,205,000 $295,840
    $2k-3k 112 $32,630,000 $291,339
    $3k-4k 35 $11,895,000 $339,857
    $4k-5k 20 $6,310,000 $315,500
    $5k+ 18 $14,660,000 $814,444

    Altabank's average total fees were $4,115, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 590 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 487 $137,145,000 $281,612
    3-4% 468 $164,970,000 $352,500
    4-5% 201 $43,135,000 $214,602
    <2.5% 154 $37,690,000 $244,740
    5-6% 30 $3,660,000 $122,000

    During 2020, Altabank's average interest rate for loans was 3.37%, while their most frequently originated rate bucket for loans was 2.5-3%, with 487 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 584 $164,550,000 $281,764 $3,827 3.07%
    $100k-200k 443 $67,055,000 $151,366 $3,152 3.49%
    $400k-600k 169 $79,725,000 $471,746 $4,607 3.10%
    $100,000 or less 97 $7,795,000 $80,361 $2,823 4.04%
    $1MM+ 26 $50,930,000 $1,958,846 $12,760 3.64%
    $600k-1MM 21 $16,545,000 $787,857 $6,507 3.59%

    2020 saw Altabank place emphasis on $200k-400k loans with 584 originations, totaling $164,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 275 $77,225,000 $280,818 $4,072 3.36%
    $50k-75k 270 $61,570,000 $228,037 $3,872 3.15%
    $75k-100k 253 $59,295,000 $234,368 $3,993 3.26%
    $250k+ 140 $48,780,000 $348,429 $5,820 3.62%
    $150k-250k 119 $35,255,000 $296,261 $3,959 3.56%
    $50k or less 118 $21,010,000 $178,051 $4,054 3.27%

    Altabank lent most frequently to those with incomes in the $100k-150k range, with 275 originations. The second most popular income band? $50k-75k, with 270 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 312 $83,630,000 $268,045 $3,788 3.15%
    30-36% 235 $60,905,000 $259,170 $3,714 3.30%
    <20% 180 $42,680,000 $237,111 $3,425 3.23%
    41% 55 $13,415,000 $243,909 $4,215 3.18%
    40% 47 $12,955,000 $275,638 $4,341 3.22%
    37% 47 $12,685,000 $269,894 $3,853 3.33%
    42% 46 $12,170,000 $264,565 $4,882 3.22%
    39% 42 $10,950,000 $260,714 $3,770 3.39%
    38% 42 $10,870,000 $258,810 $4,407 3.34%
    44% 42 $10,990,000 $261,667 $3,815 3.51%
    36% 40 $11,360,000 $284,000 $4,098 3.27%
    43% 40 $11,090,000 $277,250 $3,732 3.45%
    45% 34 $8,910,000 $262,059 $3,998 3.51%
    46% 28 $7,060,000 $252,143 $4,281 3.91%
    47% 28 $6,700,000 $239,286 $4,745 3.45%
    48% 25 $5,925,000 $237,000 $3,797 3.57%
    49% 19 $6,545,000 $344,474 $4,835 3.39%
    50-60% 15 $3,745,000 $249,667 $6,386 3.09%
    >60% 2 $630,000 $315,000 $0 3.78%

    Altabank lent most frequently to those with DTI ratios of 20-30%, with 312 originations. The next most common DTI ratio? 30-36%, with 235 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,170 $312,330,000 $266,949 $3,895 3.23%
    Not applicable 37 $42,535,000 $1,149,595 $0 3.98%
    Not provided 109 $24,435,000 $224,174 $4,031 3.81%
    Asian 18 $5,210,000 $289,444 $5,547 3.57%
    Native Hawaiian or Islander 4 $1,370,000 $342,500 $3,388 3.84%
    Black 2 $720,000 $360,000 $3,797 3.25%

    Approval Rates

    Total approvals of all applications
    98.51%

    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
    64.48%

    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
    4195.55 1 $175,000 $175,000
    NA 1,339 $386,425,000 $288,592

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,235,000 $1,235,000
    Multifamily:Site-Built 24 $41,620,000 $1,734,167
    Single Family (1-4 Units):Manufactured 8 $1,310,000 $163,750
    Single Family (1-4 Units):Site-Built 1,307 $342,435,000 $262,001

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 112 $24,220,000 $216,250 $3,059 2.83%
    40-60% 281 $80,545,000 $286,637 $3,309 2.96%
    60-80% 661 $197,535,000 $298,843 $3,891 3.53%
    80-100% 268 $81,610,000 $304,515 $4,808 3.33%
    Over 100% 5 $1,405,000 $281,000 $10,114 2.80%
    Under 20% 13 $1,285,000 $98,846 $2,429 2.89%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Altabank 10757 S River Front Pkwy, Ste 150 South Jordan, UT 84095 Full Service B&M $82,582
    Altabank 113 S Main St Alpine, UT 84004 Full Service B&M $141,459
    Altabank 125 South State Street Preston, ID 83263 Full Service B&M $69,618
    Altabank 1280 South 800 East Orem, UT 84097 Full Service B&M $252,608
    Altabank 135 East 200 North Salem, UT 84653 Full Service B&M $31,874
    Altabank 1543 North Redwood Road Saratoga Springs, UT 84045 Full Service B&M $45,472
    Altabank 17 East Center Street Lewiston, UT 84320 Full Service B&M $162,272
    Altabank 175 S Main St, Ste 120 Salt Lake City, UT 84111 Full Service B&M $51,450
    Altabank 201 East Center Provo, UT 84606 Full Service B&M $64,090
    Altabank 2174 W Grove Pkwy Suite 125 Pleasant Grove, UT 84062 Full Service Cyber Office $1,621
    Altabank 2174 W Grove Pkwy, Suite 125 Pleasant Grove, UT 84062 Full Service B&M $990
    Altabank 2190 North Main Street North Logan, UT 84321 Full Service B&M $129,947
    Altabank 2691 West 12600 South Riverton, UT 84065 Full Service B&M $109,057
    Altabank 290 East State Rd Pleasant Grove, UT 84062 Full Service B&M $126,600
    Altabank 294 South Main Street Logan, UT 84321 Full Service B&M $22,028
    Altabank 300 East Main Tremonton, UT 84337 Full Service B&M $2,636
    Altabank 33 East Main Street American Fork, UT 84003 Full Service B&M $368,169
    Altabank 405 East St. George Boulevard Saint George, UT 84770 Full Service B&M $111,723
    Altabank 476 Heritage Park Blvd, Ste 100 Layton, UT 84041 Full Service B&M $33,425
    Altabank 5405 West 11000 North Highland, UT 84003 Full Service B&M $127,599
    Altabank 5824 South State Street Murray, UT 84107 Full Service B&M $120,747
    Altabank 625 North Main Spanish Fork, UT 84660 Full Service B&M $125,749
    Altabank 650 East 12300 South Draper, UT 84020 Full Service B&M $84,493
    Altabank 712 East Main Street Lehi, UT 84043 Full Service B&M $224,684
    Altabank 855 East 9400 South Sandy, UT 84094 Full Service B&M $80,146
    Altabank 885 North Main Springville, UT 84663 Full Service B&M $14,201
    Altabank 95 East 500 South Bountiful, UT 84010 Full Service B&M $32,499

    For 2020, Altabank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $110,744
    Net interest income $103,703
    Total noninterest income $22,349
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,211
    Trading account gains and fees $0
    Additional Noninterest Income $19,138
    Pre-tax net operating income $57,949
    Securities gains (or losses, -) $1,441
    Income before extraordinary items $45,147
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $45,147
    Minority interest net income $0
    Net income $45,147
    Sale, conversion, retirement of capital stock, net $1,390
    Net operating income $44,008

    Altabank's gross interest income from loans was $110,744,000.
    Altabank's net interest income from loans was $103,703,000.
    Altabank's fee based income from loans was $3,211,000.
    Altabank's net income from loans was $45,147,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,041
    Provision for credit losses $2,750
    Total noninterest expense $65,353
    Salaries and employee benefits $42,963
    Premises and equipment expense $4,839
    Additional noninterest expense $17,551
    Applicable income taxes $14,243
    Net charge-offs $2,406
    Cash dividends $15,000

    Altabank's interest expense for loans was $7,041,000.
    Altabank's payroll and benefits expense were $42,963,000.
    Altabank's property, plant and equipment expenses $4,839,000.

    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 0.1%
    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 $2,922,800
    Deposits held in domestic offices $2,922,800
    Deposits by Individuals, partnerships, and corporations $2,763,534
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $153,801
    Deposits by Commercial banks and other depository institutions in U.S. $5,465
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $522,922
    Demand deposits $522,822
    Nontransaction accounts $2,399,878
    Money market deposit accounts (MMDAs) $617,010
    Other savings deposits (excluding MMDAs) $1,618,615
    Total time deposits $164,254
    Total time and savings deposits $2,399,978
    Noninterest-bearing deposits $1,039,844
    Interest-bearing deposits $1,882,956
    Retail deposits $2,878,876
    IRAs and Keogh plan accounts $35,726
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,366,383
    Cash & Balances due from depository institutions $237,081
    Interest-bearing balances $197,769
    Total securities $1,320,393
    Federal funds sold & reverse repurchase $2,793
    Net loans and leases $1,668,412
    Loan and leases loss allowance $41,236
    Trading account assets $0
    Bank premises and fixed assets $36,460
    Other real estate owned $0
    Goodwill and other intangibles $28,995
    All other assets $72,249

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,366,383
    Total Liabilities $3,001,510
    Total deposits $2,922,800
    Interest-bearing deposits $1,882,956
    Deposits held in domestic offices $2,922,800
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $64,554
    Subordinated debt $0
    All other liabilities $14,156

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,668,412
    Loan and leases loss allowance $41,236
    Total loans and leases (domestic) $1,709,648
    All real estate loans $1,445,130
    Real estate loans in domestic offices $1,445,130
    Construction and development loans $226,557
    Residential 1-4 family construction $90,654
    Other construction, all land development and other land $135,903
    Loans secured by nonfarm nonresidential properties $859,844
    Nonfarm nonresidential secured by owner-occupied properties $526,401
    Commercial real estate & other non-farm, non-residential $333,443
    Multifamily residential real estate $117,184
    1-4 family residential loans $199,881
    Farmland loans $41,664
    Loans held in foreign offices $0
    Farm loans $2,810
    Commercial and industrial loans $234,105
    To non-U.S. addressees $0
    Loans to individuals $9,002
    Credit card loans $1,997
    Related Plans $693
    Consumer Auto Loans $4,955
    Other loans to individuals $1,357
    All other loans & leases $18,601
    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 $2,037
    Non 1-4 family restructured loans & leases $917
    Total loans and leases (foreign) $0

    Altabank had $1,668,412,000 of loans outstanding in 2020. $1,445,130,000 of loans were in real estate loans. $226,557,000 of loans were in development loans. $117,184,000 of loans were in multifamily mortgage loans. $199,881,000 of loans were in 1-4 family mortgage loans. $2,810,000 of loans were in farm loans. $1,997,000 of loans were in credit card loans. $4,955,000 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 654 $197,168 $301,480
    Nonfarm, nonresidential loans - <$100k 33 $1,143 $34,636
    Nonfarm, nonresidential loans - $100-250k 186 $22,171 $119,199
    Nonfarm, nonresidential loans - $250k-1MM 435 $173,854 $399,664
    Commercial & Industrial, US addressed loans - <$1MM 885 $91,010 $102,836
    Commercial & Industrial, US addressed loans - <$100k 459 $12,460 $27,146
    Commercial & Industrial, US addressed loans - $100-250k 208 $19,630 $94,375
    Commercial & Industrial, US addressed loans - $250k-1MM 218 $58,920 $270,275
    Farmland loans - <$1MM 116 $13,658 $117,741
    Farmland loans - <$100k 50 $1,766 $35,320
    Farmland loans - $100-250k 38 $4,563 $120,079
    Farmland loans - $250k-1MM 28 $7,329 $261,750
    Agriculture operations loans - <$1MM 52 $2,397 $46,096
    Agriculture operations loans - <$100k 36 $551 $15,306
    Agriculture operations loans - $100-250k 12 $1,121 $93,417
    Agriculture operations loans - $250k-1MM 4 $725 $181,250