Alliance Community Bank Mortgage Rates, Fees & Info

Petersburg, IL

LEI: 549300FX3J95NB1UTP88

Tax ID: 37-0160000

Latest/2023 | 2022 Data | 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
  • Complaints
  • 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

    Alliance Community Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Alliance Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Lincoln, Peoria, Taylorville, and Decatur among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alliance Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Alliance Community 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.76% 11/21/24
    30 Year Conventional Refi 6.74% 11/21/24
    30 Year Cash-out Refi 6.71% 11/21/24
    30 Year USDA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 6.10% 11/21/24
    15 Year Conventional Refi 5.98% 11/21/24
    15 Year Cash-out Refi 5.98% 11/21/24
    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.

    Alliance Community Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Alliance Community 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

    313

    Origination Dollar Volume (All Markets)

    $39,615,000

    Employee count

    63

    Awards

    Alliance Community Bank 30 Year Conventional Loans gold Alliance Community Bank 30 Year Conventional Loans gold Alliance Community Bank 30 Year Conventional Loans gold Alliance Community Bank 30 Year Conventional Loans silver
    Show all (4) 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
    SPRINGFIELD, IL (FHA|USDA|VA) 264 $33,870,000 $128,295 $1,721 2.90%
    Outside of Metro Areas 30 $3,470,000 $115,667 $1,730 2.80%
    Lincoln, IL (FHA|USDA|VA) 9 $1,245,000 $138,333 $1,354 2.74%
    PEORIA, IL (FHA|USDA|VA) 4 $490,000 $122,500 $1,824 2.69%
    Taylorville, IL (FHA|USDA|VA) 3 $315,000 $105,000 $1,772 3.25%
    DECATUR, IL (FHA|USDA|VA) 1 $115,000 $115,000 $1,580 2.88%
    Macomb, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,625 2.50%
    Jacksonville, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.50%
    Alliance Community Bank's top markets include Springfield, Lincoln, Peoria, Taylorville, and Decatur among others.

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

    • Similar Lenders

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

    Alliance Community Bank
    Similarity Rank: 128
    HEARTLAND
    Similarity Rank: 161
    Prairie State Bank and Trust
    Similarity Rank: 174
    Hickory Point Bank and Trust
    Similarity Rank: 440
    Petefish, Skiles & Co.
    Similarity Rank: 713
    United Community Bank
    Similarity Rank: 715
    Carrollton Bank
    Similarity Rank: 1365
    Marine Bank
    Similarity Rank: 1377
    Town & Country Banc Mortgage Services
    Similarity Rank: 2112
    Bank of Springfield
    Similarity Rank: 3220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 313 $39,615,000 $126,565 $1,712 2.89%

    For 2021, Alliance Community Bank's most frequently originated type of loan was Conventional, with 313 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $13,415,000 $118,717 $1,899 3.08%
    Refi 110 $15,590,000 $141,727 $1,476 2.55%
    Cash Out Refi 87 $10,445,000 $120,057 $1,832 3.01%
    Home Improvement 3 $165,000 $55,000 $683 4.17%

    For 2021, Alliance Community Bank's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 110 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 134 $19,810,000 $147,836 $1,933 2.96%
    15 Year 77 $9,215,000 $119,675 $1,533 2.33%
    20 Year 46 $5,920,000 $128,696 $1,868 3.19%
    10 Year 31 $2,135,000 $68,871 $1,109 3.03%
    Other 13 $1,825,000 $140,385 $1,687 2.70%
    5 Year 7 $215,000 $30,714 $436 4.36%
    1 Year 5 $495,000 $99,000 $1,218 4.35%

    For 2021, Alliance Community Bank's most frequently cited loan duration was 30 Year, with 134 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 192 $23,390,000 $121,823
    $1k-2k 50 $7,450,000 $149,000
    $2k-3k 16 $2,610,000 $163,125
    $3k-4k 12 $2,320,000 $193,333
    $4k-5k 3 $665,000 $221,667

    Alliance Community Bank's average total fees were $1,933, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 192 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 126 $16,620,000 $131,905
    2.5-3% 86 $13,340,000 $155,116
    3-4% 77 $8,055,000 $104,610
    4-5% 23 $1,405,000 $61,087
    5-6% 1 $195,000 $195,000

    During 2021, Alliance Community Bank's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was <2.5%, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 145 $8,805,000 $60,724 $1,422 3.08%
    $100k-200k 114 $16,080,000 $141,053 $1,801 2.73%
    $200k-400k 50 $12,880,000 $257,600 $2,259 2.73%
    $400k-600k 4 $1,850,000 $462,500 $1,150 2.38%

    2021 saw Alliance Community Bank place emphasis on $100,000 or less loans with 145 originations, totaling $8,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 68 $11,030,000 $162,206 $1,717 2.82%
    $50k-75k 60 $6,460,000 $107,667 $1,759 2.69%
    $50k or less 57 $4,365,000 $76,579 $1,642 2.92%
    $75k-100k 50 $6,490,000 $129,800 $1,854 2.66%
    $150k-250k 44 $6,880,000 $156,364 $1,775 2.82%
    $250k+ 8 $2,000,000 $250,000 $912 2.61%

    Alliance Community Bank lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 104 $12,840,000 $123,462 $1,725 2.66%
    30-36% 66 $9,880,000 $149,697 $1,730 2.81%
    <20% 49 $5,565,000 $113,571 $1,417 2.69%
    41% 11 $1,475,000 $134,091 $2,112 2.84%
    38% 8 $1,070,000 $133,750 $1,800 2.91%
    46% 6 $1,180,000 $196,667 $1,768 2.77%
    39% 6 $920,000 $153,333 $1,301 2.69%
    36% 6 $1,020,000 $170,000 $1,577 3.04%
    42% 6 $740,000 $123,333 $2,204 2.81%
    40% 6 $600,000 $100,000 $2,448 2.67%
    44% 5 $805,000 $161,000 $1,645 2.95%
    37% 4 $360,000 $90,000 $1,860 3.06%
    43% 4 $490,000 $122,500 $1,096 3.00%
    47% 3 $385,000 $128,333 $2,447 2.92%
    45% 1 $65,000 $65,000 $3,986 3.25%
    49% 1 $35,000 $35,000 $1,513 3.13%
    50-60% 1 $45,000 $45,000 $1,228 3.25%

    Alliance Community Bank lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 279 $36,325,000 $130,197 $1,723 2.80%
    Not applicable 17 $1,515,000 $89,118 $0 4.51%
    Not provided 11 $1,385,000 $125,909 $1,586 2.58%
    Black 6 $390,000 $65,000 $1,324 3.02%

    Approval Rates

    Total approvals of all applications
    93.28%

    Alliance Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.42%

    Alliance Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 313 $39,615,000 $126,565

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    313 $39,615,000 $126,565

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,245,000 $65,526 $978 2.72%
    40-60% 42 $4,920,000 $117,143 $1,469 2.37%
    60-80% 130 $17,660,000 $135,846 $1,855 2.81%
    80-100% 115 $15,575,000 $135,435 $1,862 3.11%
    Under 20% 7 $215,000 $30,714 $515 4.18%

    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 Community Bank 14202 State Highway 97 Petersburg, IL 62675 Full Service B&M $41,005
    Alliance Community Bank 200 North West Street Athens, IL 62613 Full Service B&M $62,762
    Alliance Community Bank 321 North Sixth Street Petersburg, IL 62675 Full Service B&M $154,920
    Alliance Community Bank Route 29 And Andrew Road Springfield, IL 62707 Full Service B&M $35,805

    For 2021, Alliance Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,112
    Net interest income $8,325
    Total noninterest income $2,876
    Gross Fiduciary activities income $174
    Service charges on deposit accounts $289
    Trading account gains and fees $0
    Additional Noninterest Income $2,413
    Pre-tax net operating income $3,340
    Securities gains (or losses, -) $53
    Income before extraordinary items $3,346
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,346
    Minority interest net income $0
    Net income $3,346
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,293

    Alliance Community Bank's gross interest income from loans was $9,112,000.
    Alliance Community Bank's net interest income from loans was $8,325,000.
    Alliance Community Bank's fee based income from loans was $289,000.
    Alliance Community Bank's net income from loans was $3,346,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $787
    Provision for credit losses $0
    Total noninterest expense $7,861
    Salaries and employee benefits $4,115
    Premises and equipment expense $498
    Additional noninterest expense $3,248
    Applicable income taxes $47
    Net charge-offs $11
    Cash dividends $4,960

    Alliance Community Bank's interest expense for loans was $787,000.
    Alliance Community Bank's payroll and benefits expense were $4,115,000.
    Alliance Community Bank's property, plant and equipment expenses $498,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $322,248
    Deposits held in domestic offices $322,248
    Deposits by Individuals, partnerships, and corporations $288,625
    Deposits by U.S. Government $19
    Deposits by States and political subdivisions in the U.S. $33,604
    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 $137,147
    Demand deposits $65,822
    Nontransaction accounts $185,101
    Money market deposit accounts (MMDAs) $30,937
    Other savings deposits (excluding MMDAs) $86,084
    Total time deposits $68,080
    Total time and savings deposits $256,426
    Noninterest-bearing deposits $66,210
    Interest-bearing deposits $256,038
    Retail deposits $317,477
    IRAs and Keogh plan accounts $13,720
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $363,292
    Cash & Balances due from depository institutions $24,373
    Interest-bearing balances $22,211
    Total securities $141,153
    Federal funds sold & reverse repurchase $1,544
    Net loans and leases $171,192
    Loan and leases loss allowance $1,295
    Trading account assets $0
    Bank premises and fixed assets $4,031
    Other real estate owned $172
    Goodwill and other intangibles $8,557
    All other assets $12,270

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $363,292
    Total Liabilities $324,966
    Total deposits $322,248
    Interest-bearing deposits $256,038
    Deposits held in domestic offices $322,248
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,000
    Subordinated debt $0
    All other liabilities $1,718

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $171,192
    Loan and leases loss allowance $1,295
    Total loans and leases (domestic) $172,487
    All real estate loans $112,547
    Real estate loans in domestic offices $112,547
    Construction and development loans $4,635
    Residential 1-4 family construction $4,307
    Other construction, all land development and other land $328
    Loans secured by nonfarm nonresidential properties $18,820
    Nonfarm nonresidential secured by owner-occupied properties $11,424
    Commercial real estate & other non-farm, non-residential $7,396
    Multifamily residential real estate $411
    1-4 family residential loans $41,849
    Farmland loans $46,832
    Loans held in foreign offices $0
    Farm loans $27,333
    Commercial and industrial loans $13,114
    To non-U.S. addressees $0
    Loans to individuals $18,502
    Credit card loans $331
    Related Plans $78
    Consumer Auto Loans $12,404
    Other loans to individuals $5,689
    All other loans & leases $991
    Loans to foreign governments and official institutions $0
    Other loans $28
    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 $610
    Non 1-4 family restructured loans & leases $198
    Total loans and leases (foreign) $0

    Alliance Community Bank had $171,192,000 of loans outstanding in 2021. $112,547,000 of loans were in real estate loans. $4,635,000 of loans were in development loans. $411,000 of loans were in multifamily mortgage loans. $41,849,000 of loans were in 1-4 family mortgage loans. $27,333,000 of loans were in farm loans. $331,000 of loans were in credit card loans. $12,404,000 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 114 $13,959 $122,447
    Nonfarm, nonresidential loans - <$100k 60 $2,737 $45,617
    Nonfarm, nonresidential loans - $100-250k 35 $3,866 $110,457
    Nonfarm, nonresidential loans - $250k-1MM 19 $7,356 $387,158
    Commercial & Industrial, US addressed loans - <$1MM 285 $11,148 $39,116
    Commercial & Industrial, US addressed loans - <$100k 255 $6,083 $23,855
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,505 $113,864
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,560 $320,000
    Farmland loans - <$1MM 179 $24,038 $134,291
    Farmland loans - <$100k 67 $2,987 $44,582
    Farmland loans - $100-250k 72 $9,778 $135,806
    Farmland loans - $250k-1MM 40 $11,273 $281,825
    Agriculture operations loans - <$1MM 335 $21,103 $62,994
    Agriculture operations loans - <$100k 245 $6,266 $25,576
    Agriculture operations loans - $100-250k 52 $5,361 $103,096
    Agriculture operations loans - $250k-1MM 38 $9,476 $249,368