Ally Bank Mortgage Rates, Fees & Info
Sandy, UTLEI: 549300C04BJ0G297NC13
Tax ID: 20-1001796
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Mortgage Data
Bank Data
Review & Overview
Ally Bank is a smaller bank specializing in various types of mortgages.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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.29% | 12/16/24 |
| 30 Year Conventional Refi | 6.13% | 12/16/24 |
| 30 Year Cash-out Refi | 6.41% | 12/16/24 |
| 15 Year Conventional Purchase | 5.83% | 12/16/24 |
| 15 Year Conventional Refi | 5.79% | 12/16/24 |
| 15 Year Cash-out Refi | 5.79% | 12/16/24 |
| 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. | ||
Ally Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALLY FINANCIAL INC. | Other type of mortgage | Struggling to pay mortgage | 1 | 10.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 30.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Closing on a mortgage | 2 | 20.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Trouble during payment process | 2 | 20.0% |
| ALLY FINANCIAL INC. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 10.0% |
| ALLY FINANCIAL INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Ally Bank | 200 West Civic Centre Drive Sandy, UT 84070 | Full Service Cyber Office | $100,256,000 |
For 2018, Ally Bank had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $6,846,000 |
| Net interest income | $4,491,000 |
| Total noninterest income | $2,101,000 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $8,000 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,093,000 |
| Pre-tax net operating income | $2,615,000 |
| Securities gains (or losses, -) | $8,000 |
| Income before extraordinary items | $1,986,000 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,986,000 |
| Minority interest net income | $0 |
| Net income | $1,986,000 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,979,680 |
Ally Bank's gross interest income from loans was $6,846,000,000.
Ally Bank's net interest income from loans was $4,491,000,000.
Ally Bank's fee based income from loans was $8,000,000.
Ally Bank's net income from loans was $1,986,000,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,355,000 |
| Provision for credit losses | $856,000 |
| Total noninterest expense | $3,121,000 |
| Salaries and employee benefits | $969,000 |
| Premises and equipment expense | $57,000 |
| Additional noninterest expense | $2,095,000 |
| Applicable income taxes | $637,000 |
| Net charge-offs | $615,000 |
| Cash dividends | $2,600,000 |
Ally Bank's interest expense for loans was $2,355,000,000.
Ally Bank's payroll and benefits expense were $969,000,000.
Ally Bank's property, plant and equipment expenses $57,000,000.
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 | 3.0% |
| 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 | $107,951,000 |
| Deposits held in domestic offices | $107,951,000 |
| Deposits by Individuals, partnerships, and corporations | $107,951,000 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| 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 | $3,791,000 |
| Demand deposits | $1,774,000 |
| Nontransaction accounts | $104,160,000 |
| Money market deposit accounts (MMDAs) | $6,397,000 |
| Other savings deposits (excluding MMDAs) | $47,778,000 |
| Total time deposits | $49,985,000 |
| Total time and savings deposits | $106,177,000 |
| Noninterest-bearing deposits | $447,000 |
| Interest-bearing deposits | $107,504,000 |
| Retail deposits | $84,913,000 |
| IRAs and Keogh plan accounts | $3,215,000 |
| Brokered deposits | $16,914,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $159,291,000 |
| Cash & Balances due from depository institutions | $4,091,000 |
| Interest-bearing balances | $3,644,000 |
| Total securities | $22,558,000 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $120,065,000 |
| Loan and leases loss allowance | $1,068,000 |
| Trading account assets | $3,000 |
| Bank premises and fixed assets | $402,000 |
| Other real estate owned | $11,000 |
| Goodwill and other intangibles | $0 |
| All other assets | $12,161,000 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $159,291,000 |
| Total Liabilities | $143,079,000 |
| Total deposits | $107,951,000 |
| Interest-bearing deposits | $107,504,000 |
| Deposits held in domestic offices | $107,951,000 |
| % insured (estimated) | $91 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $32,085,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,043,000 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $120,065,000 |
| Loan and leases loss allowance | $1,068,000 |
| Total loans and leases (domestic) | $121,133,000 |
| All real estate loans | $21,295,000 |
| Real estate loans in domestic offices | $21,295,000 |
| Construction and development loans | $189,000 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $189,000 |
| Loans secured by nonfarm nonresidential properties | $4,340,000 |
| Nonfarm nonresidential secured by owner-occupied properties | $3,811,000 |
| Commercial real estate & other non-farm, non-residential | $529,000 |
| Multifamily residential real estate | $37,000 |
| 1-4 family residential loans | $16,729,000 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $44,981,000 |
| To non-U.S. addressees | $86,000 |
| Loans to individuals | $54,198,000 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $54,198,000 |
| Other loans to individuals | $0 |
| All other loans & leases | $659,000 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $269,000 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $11,000 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $327,000 |
| Non 1-4 family restructured loans & leases | $149,000 |
| Total loans and leases (foreign) | $0 |
Ally Bank had $120,065,000,000 of loans outstanding in 2018. $21,295,000,000 of loans were in real estate loans. $189,000,000 of loans were in development loans. $37,000,000 of loans were in multifamily mortgage loans. $16,729,000,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $54,198,000,000 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 | 110 | $66,000 | $600,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 110 | $66,000 | $600,000 |
| Commercial & Industrial, US addressed loans - <$1MM | 280,062 | $7,260,000 | $25,923 |
| Commercial & Industrial, US addressed loans - <$100k | 279,306 | $7,062,000 | $25,284 |
| Commercial & Industrial, US addressed loans - $100-250k | 160 | $14,000 | $87,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 596 | $184,000 | $308,725 |