Alliance Bank Mortgage Rates, Fees & Info

Sulphur Springs, TX

LEI: 254900ZP8FK47JENCV60

Tax ID: 75-0591480

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Alliance Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Alliance Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Dallas, Sulphur Springs, Sherman, Mount Pleasant, and Austin among others. Alliance Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

424

Origination Dollar Volume (All Markets)

$111,250,000

Employee count

214

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 180 $59,980,000 $333,222 $0 0.00%
Sulphur Springs, TX (FHA|USDA|VA) 137 $25,395,000 $185,365 $0 0.00%
Outside of Metro Areas 70 $15,890,000 $227,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $2,910,000 $363,750 $0 0.00%
Mount Pleasant, TX (FHA|USDA|VA) 7 $1,635,000 $233,571 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,430,000 $357,500 $0 0.00%
Brenham, TX (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 0.00%
Paris, TX (FHA|USDA|VA) 5 $575,000 $115,000 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Bonham, TX (FHA|USDA|VA) 3 $295,000 $98,333 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Jacksonville, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Athens, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

Alliance Bank's top markets include Dallas, Sulphur Springs, Sherman, Mount Pleasant, and Austin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 418 $109,770,000 $262,608 $0 0.00%
VA 4 $1,120,000 $280,000 $0 0.00%
USDA 2 $360,000 $180,000 $0 0.00%

For the 2021 period, Alliance Bank's most frequently originated loan type of loans were Conventional, with 418 originations. Their 2nd most popular type is VA, with 4 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 215 $58,335,000 $271,326 $0 0.00%
Refi 100 $25,840,000 $258,400 $0 0.00%
Cash Out Refi 92 $24,600,000 $267,391 $0 0.00%
Home Improvement 11 $835,000 $75,909 $0 0.00%
Other 6 $1,640,000 $273,333 $0 0.00%

For the 2021, Alliance Bank's most frequently cited loan purpose of loans were Home Purchase, with 215 originations. The 2nd most popular reason of loans were Refi, with 100 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 424 $111,250,000 $262,382 $0 0.00%

For the 2021, Alliance Bank's most frequently cited loan length of loans were Other, with 424 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 149 $42,445,000 $284,866 $0 0.00%
$100k-200k 142 $20,980,000 $147,746 $0 0.00%
$100,000 or less 65 $4,505,000 $69,308 $0 0.00%
$400k-600k 50 $23,670,000 $473,400 $0 0.00%
$1MM+ 9 $11,745,000 $1,305,000 $0 0.00%
$600k-1MM 9 $7,905,000 $878,333 $0 0.00%

2021 saw Alliance Bank place emphasis on $200k-400k loans with 149 originations, totaling $42,445,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 84 $12,960,000 $154,286 $0 0.00%
$100k-150k 81 $20,545,000 $253,642 $0 0.00%
$75k-100k 68 $14,410,000 $211,912 $0 0.00%
$150k-250k 54 $18,830,000 $348,704 $0 0.00%
$50k or less 53 $5,385,000 $101,604 $0 0.00%
$250k+ 51 $27,755,000 $544,216 $0 0.00%

Alliance Bank lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $100k-150k, with 81 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 424 $111,250,000 $262,382 $0 0.00%

Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 424 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 346 $86,880,000 $251,098 $0 0.00%
Not provided 37 $10,865,000 $293,649 $0 0.00%
Not applicable 22 $8,820,000 $400,909 $0 0.00%
Black 7 $1,405,000 $200,714 $0 0.00%
Asian 5 $1,135,000 $227,000 $0 0.00%
Asian Indian 1 $995,000 $995,000 $0 0.00%
American Indian 4 $640,000 $160,000 $0 0.00%
Other Asian 2 $510,000 $255,000 $0 0.00%

Approval Rates

Total approvals of all applications
80.73%

Alliance Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
57.63%

Alliance Bank 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
Exempt 424 $111,250,000 $262,382

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
424 $111,250,000 $262,382

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Alliance Data Card Services Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
Alliance Data Card Services Other type of mortgage Trouble during payment process 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Alliance Bank 1226 South Broadway Sulphur Springs, TX 75482 Full Service B&M $101,844
Alliance Bank 1437 South Broadway Street Sulphur Springs, TX 75482 Limited, Drive-thru $92,145
Alliance Bank 1717 State Highway 24 Commerce, TX 75428 Full Service B&M $60,909
Alliance Bank 300 Rosemont Sulphur Springs, TX 75482 Limited, Administrative $0
Alliance Bank 3045 N. Goliad Street Rockwall, TX 75087 Full Service B&M $30,128
Alliance Bank 306 State Highway 37 South Mount Vernon, TX 75457 Full Service Retail $17,397
Alliance Bank 310 Church Street Sulphur Springs, TX 75482 Limited, Drive-thru $0
Alliance Bank 408 Rosemont Sulphur Springs, TX 75482 Limited, Administrative $0
Alliance Bank 4543 Farm Road 115 Mount Vernon, TX 75457 Full Service B&M $15,441
Alliance Bank 6130 S. Fm 549 Rockwall, TX 75032 Full Service B&M $131,409
Alliance Bank 6609 Wesley Street Greenville, TX 75402 Full Service B&M $241,406
Alliance Bank 9901 Wesley Street Greenville, TX 75402 Limited, Drive-thru $0
Alliance Bank 100 Jefferson St W Sulphur Springs, TX 75482 Full Service B&M $290,984
Alliance Bank 101 East Main Wolfe City, TX 75496 Full Service B&M $27,776
Alliance Bank 101 W. Main Street Mount Vernon, TX 75457 Full Service B&M $116,287

For 2021, Alliance Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $34,014
Net interest income $31,043
Total noninterest income $14,634
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,957
Trading account gains and fees $0
Additional Noninterest Income $12,677
Pre-tax net operating income $12,757
Securities gains (or losses, -) $3
Income before extraordinary items $12,760
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $12,760
Minority interest net income $0
Net income $12,760
Sale, conversion, retirement of capital stock, net $0
Net operating income $12,757

Alliance Bank's gross interest income from loans was $34,014,000.
Alliance Bank's net interest income from loans was $31,043,000.
Alliance Bank's fee based income from loans was $1,957,000.
Alliance Bank's net income from loans was $12,760,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,971
Provision for credit losses $1,220
Total noninterest expense $31,700
Salaries and employee benefits $16,527
Premises and equipment expense $6,399
Additional noninterest expense $8,774
Applicable income taxes $0
Net charge-offs $90
Cash dividends $4,440

Alliance Bank's interest expense for loans was $2,971,000.
Alliance Bank's payroll and benefits expense were $16,527,000.
Alliance Bank's property, plant and equipment expenses $6,399,000.

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 $1,171,005
Deposits held in domestic offices $1,171,005
Deposits by Individuals, partnerships, and corporations $1,007,143
Deposits by U.S. Government $10
Deposits by States and political subdivisions in the U.S. $163,756
Deposits by Commercial banks and other depository institutions in U.S. $96
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $467,858
Demand deposits $346,933
Nontransaction accounts $703,147
Money market deposit accounts (MMDAs) $434,579
Other savings deposits (excluding MMDAs) $136,211
Total time deposits $132,357
Total time and savings deposits $824,072
Noninterest-bearing deposits $346,933
Interest-bearing deposits $824,072
Retail deposits $1,152,721
IRAs and Keogh plan accounts $21,652
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,340,200
Cash & Balances due from depository institutions $42,809
Interest-bearing balances $23,515
Total securities $584,783
Federal funds sold & reverse repurchase $5,000
Net loans and leases $641,919
Loan and leases loss allowance $8,915
Trading account assets $0
Bank premises and fixed assets $13,450
Other real estate owned $0
Goodwill and other intangibles $18,779
All other assets $33,460

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,340,200
Total Liabilities $1,214,242
Total deposits $1,171,005
Interest-bearing deposits $824,072
Deposits held in domestic offices $1,171,005
% insured (estimated) $64
Federal funds purchased and repurchase agreements $36,278
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $6,959

Issued Loan Types

Type Value (in 000's)
Net loans and leases $641,919
Loan and leases loss allowance $8,915
Total loans and leases (domestic) $650,834
All real estate loans $477,616
Real estate loans in domestic offices $477,616
Construction and development loans $85,776
Residential 1-4 family construction $43,639
Other construction, all land development and other land $42,137
Loans secured by nonfarm nonresidential properties $209,456
Nonfarm nonresidential secured by owner-occupied properties $80,274
Commercial real estate & other non-farm, non-residential $129,182
Multifamily residential real estate $4,707
1-4 family residential loans $145,987
Farmland loans $31,690
Loans held in foreign offices $0
Farm loans $9,267
Commercial and industrial loans $71,128
To non-U.S. addressees $0
Loans to individuals $10,877
Credit card loans $0
Related Plans $190
Consumer Auto Loans $3,617
Other loans to individuals $7,070
All other loans & leases $81,946
Loans to foreign governments and official institutions $0
Other loans $22,144
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 $1,923
Non 1-4 family restructured loans & leases $1,853
Total loans and leases (foreign) $0

Alliance Bank had $641,919,000 of loans outstanding in 2021. $477,616,000 of loans were in real estate loans. $85,776,000 of loans were in development loans. $4,707,000 of loans were in multifamily mortgage loans. $145,987,000 of loans were in 1-4 family mortgage loans. $9,267,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,617,000 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 164 $39,956 $243,634
Nonfarm, nonresidential loans - <$100k 36 $1,438 $39,944
Nonfarm, nonresidential loans - $100-250k 51 $6,314 $123,804
Nonfarm, nonresidential loans - $250k-1MM 77 $32,204 $418,234
Commercial & Industrial, US addressed loans - <$1MM 639 $25,220 $39,468
Commercial & Industrial, US addressed loans - <$100k 540 $8,869 $16,424
Commercial & Industrial, US addressed loans - $100-250k 53 $4,927 $92,962
Commercial & Industrial, US addressed loans - $250k-1MM 46 $11,424 $248,348
Farmland loans - <$1MM 90 $7,832 $87,022
Farmland loans - <$100k 49 $1,681 $34,306
Farmland loans - $100-250k 31 $3,366 $108,581
Farmland loans - $250k-1MM 10 $2,785 $278,500
Agriculture operations loans - <$1MM 256 $7,098 $27,727
Agriculture operations loans - <$100k 225 $3,516 $15,627
Agriculture operations loans - $100-250k 25 $2,191 $87,640
Agriculture operations loans - $250k-1MM 6 $1,391 $231,833