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, 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 by origination volume include: Dallas, Sulphur Springs, Sherman, Mount Pleasant, and Austin 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

424

Origination Dollar Volume (All Markets)

$111,250,000

Employee count

214

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) 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.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Alliance Bank's most frequently originated type of loan was Conventional, with 418 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 215 originations. The 2nd most popular reason was 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 2021, Alliance Bank's most frequently cited loan duration was 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
    82.00%

    Alliance Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.08%

    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 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
    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

    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