Allegiance Bank Mortgage Rates, Fees & Info

Houston, TX

LEI: 54930083ZNK6KPUJ7R29

Tax ID: 26-0589597

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Allegiance Bank is a smaller bank specializing in Home Purchase loans. Allegiance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Miami, Beaumont, El Campo, and Corpus Christi among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Allegiance Bank 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. Allegiance Bank 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 relatively high 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 3/24/24
    30 Year Conventional Purchase 6.07% 3/24/24
    30 Year Conventional Refi 5.93% 3/24/24
    30 Year Cash-out Refi 5.58% 3/24/24
    30 Year FHA Purchase 6.27% 3/24/24
    15 Year Conventional Purchase 5.68% 3/24/24
    15 Year Conventional Refi 5.68% 3/24/24
    15 Year Cash-out Refi 5.68% 3/24/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Allegiance Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Allegiance Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    555

    Origination Dollar Volume (All Markets)

    $267,215,000

    Employee count

    594

    Awards

    Allegiance Bank 30 Year Conventional Loans gold
    Show all (1) 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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 519 $244,795,000 $471,667 $6,657 4.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $6,525,000 $6,525,000 $58,298 3.95%
    Outside of Metro Areas 12 $4,280,000 $356,667 $6,797 4.65%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 12 $4,180,000 $348,333 $0 4.86%
    El Campo, TX (FHA|USDA|VA) 3 $2,245,000 $748,333 $0 4.80%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $2,110,000 $1,055,000 $4,874 5.20%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,090,000 $545,000 $0 4.38%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $705,000 $705,000 $0 4.65%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $555,000 $555,000 $8,153 4.20%
    MIDLAND, TX (FHA|USDA|VA) 1 $405,000 $405,000 $6,893 4.20%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,493 4.20%
    Allegiance Bank's top markets include Houston, Miami, Beaumont, El Campo, and Corpus Christi among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Allegiance Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AMOCO
    Similarity Rank: 405
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 648
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    Credence Funding Corporation
    Similarity Rank: 1616
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    TEXAS BAY
    Similarity Rank: 2076

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 555 $267,215,000 $481,468 $6,915 4.87%

    For 2021, Allegiance Bank's most frequently originated type of loan was Conventional, with 555 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 440 $217,320,000 $493,909 $7,571 4.87%
    Refi 71 $37,175,000 $523,592 $5,064 4.79%
    Home Improvement 37 $10,885,000 $294,189 $4,662 4.93%
    Other 7 $1,835,000 $262,143 $4,281 5.29%

    For 2021, Allegiance Bank's most frequently cited loan purpose was Home Purchase, with 440 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 205 $74,825,000 $365,000 $7,153 4.93%
    Other 137 $108,115,000 $789,161 $9,594 4.46%
    1 Year 99 $52,175,000 $527,020 $10,598 4.86%
    30 Year 63 $9,855,000 $156,429 $3,147 5.60%
    20 Year 24 $7,530,000 $313,750 $3,353 4.96%
    10 Year 16 $11,910,000 $744,375 $548 4.63%
    3 Year 9 $2,645,000 $293,889 $6,341 4.99%
    15 Year 2 $160,000 $80,000 $2,813 5.60%

    For 2021, Allegiance Bank's most frequently cited loan duration was 5 Year, with 205 originations. The 2nd most popular length was Other, with 137 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 98 $20,610,000 $210,306
    $5k+ 34 $46,550,000 $1,369,118
    $1k-2k 20 $5,020,000 $251,000
    $2k-3k 19 $7,845,000 $412,895
    $3k-4k 16 $7,980,000 $498,750
    $4k-5k 11 $5,295,000 $481,364

    Allegiance Bank's average total fees were $3,147, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 98 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 367 $202,815,000 $552,629
    5-6% 171 $42,285,000 $247,281
    3-4% 16 $22,000,000 $1,375,000
    6-7% 1 $115,000 $115,000

    During 2021, Allegiance Bank's average interest rate for loans was 5.60%, while their most frequently originated rate bucket for loans was 4-5%, with 367 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 163 $24,395,000 $149,663 $3,406 5.16%
    $200k-400k 121 $34,585,000 $285,826 $5,621 4.84%
    $600k-1MM 81 $62,065,000 $766,235 $11,302 4.62%
    $400k-600k 71 $34,395,000 $484,437 $7,569 4.66%
    $1MM+ 63 $107,715,000 $1,709,762 $21,137 4.57%
    $100,000 or less 56 $4,060,000 $72,500 $1,822 5.09%

    2021 saw Allegiance Bank place emphasis on $100k-200k loans with 163 originations, totaling $24,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 62 $61,010,000 $984,032 $11,964 4.41%
    $50k or less 40 $5,470,000 $136,750 $3,014 5.50%
    $50k-75k 39 $7,105,000 $182,179 $3,641 5.30%
    $150k-250k 31 $13,175,000 $425,000 $7,528 4.76%
    $100k-150k 16 $4,440,000 $277,500 $5,064 4.60%
    $75k-100k 10 $2,080,000 $208,000 $5,310 4.59%

    Allegiance Bank lent most frequently to those with incomes in the $250k+ range, with 62 originations. The second most popular income band? $50k or less, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 45 $20,295,000 $451,000 $6,171 4.90%
    20-30% 33 $20,875,000 $632,576 $8,474 4.64%
    42% 20 $6,190,000 $309,500 $5,427 4.89%
    38% 18 $7,200,000 $400,000 $6,649 5.23%
    <20% 13 $14,485,000 $1,114,231 $13,346 4.37%
    41% 12 $2,940,000 $245,000 $4,388 5.24%
    36% 11 $2,915,000 $265,000 $4,632 5.18%
    40% 11 $4,575,000 $415,909 $6,414 5.36%
    37% 10 $2,180,000 $218,000 $4,516 5.16%
    50-60% 8 $5,740,000 $717,500 $9,748 4.41%
    39% 7 $1,135,000 $162,143 $4,216 5.01%
    43% 5 $2,455,000 $491,000 $9,676 4.56%
    45% 2 $1,220,000 $610,000 $11,467 4.18%
    >60% 1 $395,000 $395,000 $6,185 4.20%
    44% 1 $665,000 $665,000 $8,848 4.30%
    49% 1 $15,000 $15,000 $760 4.40%

    Allegiance Bank lent most frequently to those with DTI ratios of 30-36%, with 45 originations. The next most common DTI ratio? 20-30%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 309 $161,685,000 $523,252 $2,255 4.84%
    White 129 $52,505,000 $407,016 $6,810 4.88%
    Not provided 87 $26,015,000 $299,023 $5,139 5.05%
    Asian Indian 5 $11,835,000 $2,367,000 $19,199 4.91%
    Asian 14 $5,940,000 $424,286 $8,930 4.59%
    Black 7 $5,515,000 $787,857 $16,119 4.49%
    Other Asian 2 $2,200,000 $1,100,000 $16,465 4.85%
    Vietnamese 1 $1,385,000 $1,385,000 $13,648 4.40%
    American Indian 1 $135,000 $135,000 $3,150 5.60%

    Approval Rates

    Total approvals of all applications
    92.74%

    Allegiance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.64%

    Allegiance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 555 $267,215,000 $481,468

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    555 $267,215,000 $481,468

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $13,440,000 $448,000 $4,673 4.80%
    40-60% 78 $31,450,000 $403,205 $6,371 4.90%
    60-80% 296 $171,170,000 $578,277 $10,701 4.81%
    80-100% 131 $48,915,000 $373,397 $5,884 5.00%
    Under 20% 20 $2,240,000 $112,000 $3,064 4.91%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Allegiance Bank 1302 N. Main Street Liberty, TX 77575 Full Service B&M $23,417
    Allegiance Bank 1302 West Davis, Suite A Conroe, TX 77304 Full Service B&M $43,424
    Allegiance Bank 13023 Murphy Road Stafford, TX 77477 Full Service B&M $101,873
    Allegiance Bank 13100 Northwest Freeway, Suite 100 Houston, TX 77040 Full Service B&M $106,609
    Allegiance Bank 1405 North Loop West Houston, TX 77008 Full Service B&M $247,509
    Allegiance Bank 14770 Northwest Freeway Houston, TX 77040 Full Service B&M $200,670
    Allegiance Bank 1500 Miller Street Anahuac, TX 77514 Full Service B&M $73,052
    Allegiance Bank 16555 Southwest Freeway, Suite 100 Sugar Land, TX 77479 Full Service B&M $125,912
    Allegiance Bank 1800 Hughes Landing Blvd., Ste 100 The Woodlands, TX 77380 Full Service B&M $68,890
    Allegiance Bank 2000 West Loop South, Suite 100 Houston, TX 77027 Full Service B&M $423,059
    Allegiance Bank 2200 Nasa Rd One, Ste 100 Houston, TX 77058 Full Service B&M $413,435
    Allegiance Bank 2222 North Durham Drive Houston, TX 77008 Full Service B&M $260,851
    Allegiance Bank 2401 Eldridge Parkway, S Houston, TX 77077 Full Service B&M $99,605
    Allegiance Bank 2929 Navigation Blvd Houston, TX 77003 Full Service B&M $47,712
    Allegiance Bank 3963 Kirby Drive Blvd Houston, TX 77098 Full Service B&M $247,879
    Allegiance Bank 4420 East Sam Houston Parkway South Pasadena, TX 77505 Full Service B&M $152,816
    Allegiance Bank 501 N Cleveland St Dayton, TX 77535 Full Service B&M $56,784
    Allegiance Bank 520 Westgreen Blvd Katy, TX 77450 Full Service B&M $211,069
    Allegiance Bank 5410 Bellaire Blvd. Bellaire, TX 77401 Full Service B&M $277,379
    Allegiance Bank 55 Ih 10 North Beaumont, TX 77707 Full Service B&M $244,178
    Allegiance Bank 550 Fm 1489 Brookshire, TX 77423 Full Service B&M $70,077
    Allegiance Bank 6363 Woodway, Suite 100 Houston, TX 77057 Full Service B&M $152,778
    Allegiance Bank 7125 Gulf Freeway Houston, TX 77087 Full Service B&M $141,794
    Allegiance Bank 722 Pin Oak Rd Katy, TX 77494 Full Service B&M $115,310
    Allegiance Bank 790 West Sam Houston Parkway North Houston, TX 77024 Full Service B&M $211,002
    Allegiance Bank 8727 W. Sam Houston Parkway North, Suites 100 & 210 Houston, TX 77040 Full Service B&M $1,163,808
    Allegiance Bank 8800 Katy Freeway, Suite 110 Houston, TX 77024 Full Service B&M $178,652

    For 2021, Allegiance Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $253,184
    Net interest income $232,230
    Total noninterest income $8,552
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,135
    Trading account gains and fees $0
    Additional Noninterest Income $6,417
    Pre-tax net operating income $106,607
    Securities gains (or losses, -) $0
    Income before extraordinary items $86,856
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $86,856
    Minority interest net income $0
    Net income $86,856
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $86,856

    Allegiance Bank's gross interest income from loans was $253,184,000.
    Allegiance Bank's net interest income from loans was $232,230,000.
    Allegiance Bank's fee based income from loans was $2,135,000.
    Allegiance Bank's net income from loans was $86,856,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,954
    Provision for credit losses $-2,322
    Total noninterest expense $136,497
    Salaries and employee benefits $89,825
    Premises and equipment expense $13,299
    Additional noninterest expense $33,373
    Applicable income taxes $19,751
    Net charge-offs $2,310
    Cash dividends $68,000

    Allegiance Bank's interest expense for loans was $20,954,000.
    Allegiance Bank's payroll and benefits expense were $89,825,000.
    Allegiance Bank's property, plant and equipment expenses $13,299,000.

    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 0.0%
    Other individual loans 0.0%
    Auto loans 5.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 6.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,102,045
    Deposits held in domestic offices $6,102,045
    Deposits by Individuals, partnerships, and corporations $4,916,487
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $965,287
    Deposits by Commercial banks and other depository institutions in U.S. $220,271
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $297,427
    Demand deposits $297,427
    Nontransaction accounts $5,804,618
    Money market deposit accounts (MMDAs) $4,331,198
    Other savings deposits (excluding MMDAs) $182,595
    Total time deposits $1,290,825
    Total time and savings deposits $5,804,618
    Noninterest-bearing deposits $2,297,488
    Interest-bearing deposits $3,804,557
    Retail deposits $5,301,346
    IRAs and Keogh plan accounts $29,247
    Brokered deposits $415,057
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,096,226
    Cash & Balances due from depository institutions $753,123
    Interest-bearing balances $729,162
    Total securities $1,773,765
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,172,546
    Loan and leases loss allowance $47,940
    Trading account assets $0
    Bank premises and fixed assets $53,512
    Other real estate owned $3,598
    Goodwill and other intangibles $238,300
    All other assets $101,382

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,096,226
    Total Liabilities $6,273,201
    Total deposits $6,102,045
    Interest-bearing deposits $3,804,557
    Deposits held in domestic offices $6,102,045
    % insured (estimated) $40
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $90,000
    Subordinated debt $39,875
    All other liabilities $41,281

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,172,546
    Loan and leases loss allowance $47,940
    Total loans and leases (domestic) $4,220,486
    All real estate loans $3,346,718
    Real estate loans in domestic offices $3,346,718
    Construction and development loans $557,026
    Residential 1-4 family construction $117,901
    Other construction, all land development and other land $439,125
    Loans secured by nonfarm nonresidential properties $1,989,032
    Nonfarm nonresidential secured by owner-occupied properties $1,144,015
    Commercial real estate & other non-farm, non-residential $845,017
    Multifamily residential real estate $77,148
    1-4 family residential loans $685,071
    Farmland loans $38,441
    Loans held in foreign offices $0
    Farm loans $821
    Commercial and industrial loans $799,679
    To non-U.S. addressees $80
    Loans to individuals $34,239
    Credit card loans $0
    Related Plans $2,780
    Consumer Auto Loans $2,731
    Other loans to individuals $28,728
    All other loans & leases $46,173
    Loans to foreign governments and official institutions $0
    Other loans $46,173
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $93,773
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $7,579
    Non 1-4 family restructured loans & leases $6,528
    Total loans and leases (foreign) $0

    Allegiance Bank had $4,172,546,000 of loans outstanding in 2021. $3,346,718,000 of loans were in real estate loans. $557,026,000 of loans were in development loans. $77,148,000 of loans were in multifamily mortgage loans. $685,071,000 of loans were in 1-4 family mortgage loans. $821,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,731,000 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 1,632 $587,216 $359,814
    Nonfarm, nonresidential loans - <$100k 133 $6,542 $49,188
    Nonfarm, nonresidential loans - $100-250k 385 $55,054 $142,997
    Nonfarm, nonresidential loans - $250k-1MM 1,114 $525,620 $471,831
    Commercial & Industrial, US addressed loans - <$1MM 4,672 $469,921 $100,582
    Commercial & Industrial, US addressed loans - <$100k 2,814 $80,989 $28,781
    Commercial & Industrial, US addressed loans - $100-250k 981 $110,416 $112,555
    Commercial & Industrial, US addressed loans - $250k-1MM 877 $278,516 $317,578
    Farmland loans - <$1MM 29 $5,203 $179,414
    Farmland loans - <$100k 2 $122 $61,000
    Farmland loans - $100-250k 17 $2,206 $129,765
    Farmland loans - $250k-1MM 10 $2,875 $287,500
    Agriculture operations loans - <$1MM 23 $819 $35,609
    Agriculture operations loans - <$100k 14 $308 $22,000
    Agriculture operations loans - $100-250k 8 $456 $57,000
    Agriculture operations loans - $250k-1MM 1 $55 $55,000