Alliance Bank Mortgage Rates, Fees & Info

Sulphur Springs, TX

LEI: 254900ZP8FK47JENCV60

Tax ID: 75-0591480

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Mortgage Data

Bank Data

Review & Overview

Alliance Bank is a smaller bank specializing in Home Purchase and Refi loans. Alliance Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Sulphur Springs, Houston, San Antonio, and Sherman among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Alliance Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

477

Origination Dollar Volume (All Markets)

$123,635,000

Employee count

220

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 219 $71,965,000 $328,607 $0 0.00%
Sulphur Springs, TX (FHA|USDA|VA) 157 $27,205,000 $173,280 $0 0.00%
Outside of Metro Areas 71 $16,235,000 $228,662 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,650,000 $412,500 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $800,000 $400,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $770,000 $385,000 $0 0.00%
Mount Pleasant, TX (FHA|USDA|VA) 3 $755,000 $251,667 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
Paris, TX (FHA|USDA|VA) 3 $535,000 $178,333 $0 0.00%
Corsicana, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
WICHITA FALLS, TX (FHA|USDA|VA) 4 $490,000 $122,500 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
Bonham, TX (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Alliance Bank's top markets include Dallas, Sulphur Springs, Houston, San Antonio, and Sherman among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 470 $122,380,000 $260,383 $0 0.00%
    VA 5 $1,055,000 $211,000 $0 0.00%
    USDA 2 $200,000 $100,000 $0 0.00%

    For 2020, Alliance Bank's most frequently originated type of loan was Conventional, with 470 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 205 $62,015,000 $302,512 $0 0.00%
    Refi 154 $41,020,000 $266,364 $0 0.00%
    Cash Out Refi 105 $19,875,000 $189,286 $0 0.00%
    Home Improvement 10 $470,000 $47,000 $0 0.00%
    Other 3 $255,000 $85,000 $0 0.00%

    For 2020, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Refi, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 477 $123,635,000 $259,193 $0 0.00%

    For 2020, Alliance Bank's most frequently cited loan duration was Other, with 477 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 168 $25,330,000 $150,774 $0 0.00%
    $200k-400k 167 $47,075,000 $281,886 $0 0.00%
    $100,000 or less 76 $5,170,000 $68,026 $0 0.00%
    $400k-600k 42 $20,500,000 $488,095 $0 0.00%
    $600k-1MM 16 $11,670,000 $729,375 $0 0.00%
    $1MM+ 8 $13,890,000 $1,736,250 $0 0.00%

    2020 saw Alliance Bank place emphasis on $100k-200k loans with 168 originations, totaling $25,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $22,710,000 $218,365 $0 0.00%
    $50k-75k 82 $12,200,000 $148,780 $0 0.00%
    $75k-100k 74 $14,570,000 $196,892 $0 0.00%
    $250k+ 65 $34,045,000 $523,769 $0 0.00%
    $150k-250k 64 $21,770,000 $340,156 $0 0.00%
    $50k or less 49 $4,585,000 $93,571 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 477 $123,635,000 $259,193 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 477 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 389 $96,205,000 $247,314 $0 0.00%
    Not provided 53 $13,375,000 $252,358 $0 0.00%
    Not applicable 12 $8,700,000 $725,000 $0 0.00%
    Asian 6 $1,720,000 $286,667 $0 0.00%
    Black 7 $1,565,000 $223,571 $0 0.00%
    American Indian 9 $1,555,000 $172,778 $0 0.00%
    Asian Indian 1 $515,000 $515,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.50%

    Alliance Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.83%

    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 477 $123,635,000 $259,193

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $3,155,000 $3,155,000
    Single Family (1-4 Units):Manufactured 7 $755,000 $107,857
    Single Family (1-4 Units):Site-Built 469 $119,725,000 $255,277

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Alliance Data Card Services Other type of mortgage Closing on a mortgage 2 66.7%
    Alliance Data Card Services Other type of mortgage Problem with a credit reporting company's investigation into an existing problem 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Alliance Bank 100 Jefferson St W Sulphur Springs, TX 75482 Full Service B&M $235,446
    Alliance Bank 101 East Main Wolfe City, TX 75496 Full Service B&M $19,864
    Alliance Bank 101 W. Main Street Mount Vernon, TX 75457 Full Service B&M $109,964
    Alliance Bank 1226 South Broadway Sulphur Springs, TX 75482 Full Service B&M $82,406
    Alliance Bank 1437 South Broadway Street Sulphur Springs, TX 75482 Limited, Drive-thru $74,558
    Alliance Bank 1717 State Highway 24 Commerce, TX 75428 Full Service B&M $48,677
    Alliance Bank 300 Rosemont Sulphur Springs, TX 75482 Limited, Administrative $0
    Alliance Bank 3045 N. Goliad Street Rockwall, TX 75087 Full Service B&M $20,992
    Alliance Bank 306 State Highway 37 South Mount Vernon, TX 75457 Full Service Retail $22,669
    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 $11,364
    Alliance Bank 6130 S. Fm 549 Rockwall, TX 75032 Full Service B&M $90,701
    Alliance Bank 6609 Wesley Street Greenville, TX 75402 Full Service B&M $188,195
    Alliance Bank 9901 Wesley Street Greenville, TX 75402 Limited, Drive-thru $0

    For 2020, Alliance Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,771
    Net interest income $29,853
    Total noninterest income $13,280
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,890
    Trading account gains and fees $0
    Additional Noninterest Income $11,390
    Pre-tax net operating income $9,510
    Securities gains (or losses, -) $1,692
    Income before extraordinary items $11,202
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,202
    Minority interest net income $0
    Net income $11,202
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,510

    Alliance Bank's gross interest income from loans was $33,771,000.
    Alliance Bank's net interest income from loans was $29,853,000.
    Alliance Bank's fee based income from loans was $1,890,000.
    Alliance Bank's net income from loans was $11,202,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,918
    Provision for credit losses $2,577
    Total noninterest expense $31,046
    Salaries and employee benefits $16,744
    Premises and equipment expense $6,191
    Additional noninterest expense $8,111
    Applicable income taxes $0
    Net charge-offs $604
    Cash dividends $3,768

    Alliance Bank's interest expense for loans was $3,918,000.
    Alliance Bank's payroll and benefits expense were $16,744,000.
    Alliance Bank's property, plant and equipment expenses $6,191,000.

    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 1.0%
    Nonfarm, nonresidential loans 1.0%
    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 $995,438
    Deposits held in domestic offices $995,438
    Deposits by Individuals, partnerships, and corporations $878,905
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $116,531
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $353,404
    Demand deposits $271,539
    Nontransaction accounts $642,033
    Money market deposit accounts (MMDAs) $386,659
    Other savings deposits (excluding MMDAs) $106,440
    Total time deposits $148,935
    Total time and savings deposits $723,898
    Noninterest-bearing deposits $271,723
    Interest-bearing deposits $723,715
    Retail deposits $969,780
    IRAs and Keogh plan accounts $22,966
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,159,566
    Cash & Balances due from depository institutions $47,677
    Interest-bearing balances $13,301
    Total securities $483,153
    Federal funds sold & reverse repurchase $13,100
    Net loans and leases $540,983
    Loan and leases loss allowance $7,786
    Trading account assets $0
    Bank premises and fixed assets $13,913
    Other real estate owned $286
    Goodwill and other intangibles $18,990
    All other assets $41,464

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,159,566
    Total Liabilities $1,035,503
    Total deposits $995,438
    Interest-bearing deposits $723,715
    Deposits held in domestic offices $995,438
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $32,518
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,547

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $540,983
    Loan and leases loss allowance $7,786
    Total loans and leases (domestic) $548,769
    All real estate loans $378,511
    Real estate loans in domestic offices $378,511
    Construction and development loans $60,264
    Residential 1-4 family construction $26,744
    Other construction, all land development and other land $33,520
    Loans secured by nonfarm nonresidential properties $160,542
    Nonfarm nonresidential secured by owner-occupied properties $62,053
    Commercial real estate & other non-farm, non-residential $98,489
    Multifamily residential real estate $3,828
    1-4 family residential loans $132,678
    Farmland loans $21,199
    Loans held in foreign offices $0
    Farm loans $10,962
    Commercial and industrial loans $90,285
    To non-U.S. addressees $0
    Loans to individuals $10,487
    Credit card loans $0
    Related Plans $229
    Consumer Auto Loans $3,294
    Other loans to individuals $6,964
    All other loans & leases $58,523
    Loans to foreign governments and official institutions $0
    Other loans $29,390
    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 $2,052
    Non 1-4 family restructured loans & leases $1,982
    Total loans and leases (foreign) $0

    Alliance Bank had $540,983,000 of loans outstanding in 2020. $378,511,000 of loans were in real estate loans. $60,264,000 of loans were in development loans. $3,828,000 of loans were in multifamily mortgage loans. $132,678,000 of loans were in 1-4 family mortgage loans. $10,962,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,294,000 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 162 $36,594 $225,889
    Nonfarm, nonresidential loans - <$100k 44 $1,817 $41,295
    Nonfarm, nonresidential loans - $100-250k 50 $6,606 $132,120
    Nonfarm, nonresidential loans - $250k-1MM 68 $28,171 $414,279
    Commercial & Industrial, US addressed loans - <$1MM 825 $40,910 $49,588
    Commercial & Industrial, US addressed loans - <$100k 683 $12,366 $18,105
    Commercial & Industrial, US addressed loans - $100-250k 85 $9,828 $115,624
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $18,716 $328,351
    Farmland loans - <$1MM 99 $7,115 $71,869
    Farmland loans - <$100k 59 $1,898 $32,169
    Farmland loans - $100-250k 30 $2,850 $95,000
    Farmland loans - $250k-1MM 10 $2,367 $236,700
    Agriculture operations loans - <$1MM 262 $7,025 $26,813
    Agriculture operations loans - <$100k 234 $3,838 $16,402
    Agriculture operations loans - $100-250k 25 $2,459 $98,360
    Agriculture operations loans - $250k-1MM 3 $728 $242,667