Alliant Bank Mortgage Rates, Fees & Info

Madison, MO

LEI: 549300M4MFIHXLR7AI37

Tax ID: 43-0389170

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Alliant Bank is a smaller bank specializing in Home Purchase and Refi loans. Alliant Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kirksville, Columbia, Kansas City, Hannibal, and Moberly among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alliant 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.

    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.


    Originations

    233

    Origination Dollar Volume (All Markets)

    $30,245,000

    Employee count

    48

    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
    Kirksville, MO (FHA|USDA|VA) 117 $15,905,000 $135,940 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 45 $6,045,000 $134,333 $0 0.00%
    Outside of Metro Areas 49 $5,365,000 $109,490 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $925,000 $308,333 $0 0.00%
    Hannibal, MO (FHA|USDA|VA) 7 $745,000 $106,429 $0 0.00%
    Moberly, MO (FHA|USDA|VA) 7 $555,000 $79,286 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 3 $385,000 $128,333 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Rolla, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Alliant Bank's top markets include Kirksville, Columbia, Kansas City, Hannibal, and Moberly among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $28,695,000 $133,465 $0 0.00%
    USDA 18 $1,550,000 $86,111 $0 0.00%

    For 2019, Alliant Bank's most frequently originated type of loan was Conventional, with 215 originations. Their 2nd most popular type was USDA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $13,530,000 $114,661 $0 0.00%
    Refi 74 $11,440,000 $154,595 $0 0.00%
    Cash Out Refi 35 $4,945,000 $141,286 $0 0.00%
    Home Improvement 6 $330,000 $55,000 $0 0.00%

    For 2019, Alliant Bank's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 233 $30,245,000 $129,807 $0 0.00%

    For 2019, Alliant Bank's most frequently cited loan duration was Other, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 108 $6,230,000 $57,685 $0 0.00%
    $100k-200k 81 $11,485,000 $141,790 $0 0.00%
    $200k-400k 38 $9,780,000 $257,368 $0 0.00%
    $400k-600k 6 $2,750,000 $458,333 $0 0.00%

    2019 saw Alliant Bank place emphasis on $100,000 or less loans with 108 originations, totaling $6,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 66 $5,280,000 $80,000 $0 0.00%
    $100k-150k 35 $5,165,000 $147,571 $0 0.00%
    $50k-75k 32 $3,710,000 $115,938 $0 0.00%
    $75k-100k 29 $4,485,000 $154,655 $0 0.00%
    $150k-250k 28 $5,380,000 $192,143 $0 0.00%
    $250k+ 13 $2,795,000 $215,000 $0 0.00%

    Alliant Bank lent most frequently to those with incomes in the $50k or less range, with 66 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 233 $30,245,000 $129,807 $0 0.00%

    Alliant Bank lent most frequently to those with DTI ratios of Exempt%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $26,685,000 $132,761 $0 0.00%
    Not applicable 28 $3,200,000 $114,286 $0 0.00%
    Black 3 $255,000 $85,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.04%

    Alliant Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.82%

    Alliant Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 233 $30,245,000 $129,807

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $980,000 $245,000
    Single Family (1-4 Units):Manufactured 9 $565,000 $62,778
    Single Family (1-4 Units):Site-Built 220 $28,700,000 $130,455

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ALLIANT CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    ALLIANT CREDIT UNION Conventional home mortgage Closing on a mortgage 1 25.0%
    ALLIANT CREDIT UNION Conventional home mortgage Trouble during payment process 2 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Alliant Bank 101 East Broadway Madison, MO 65263 Full Service B&M $12,819
    Alliant Bank 1910 South Main Street Boonville, MO 65233 Full Service B&M $29,771
    Alliant Bank 201 South Baltimore Kirksville, MO 63501 Full Service B&M $65,641
    Alliant Bank 301 Prospect Pilot Grove, MO 65276 Full Service B&M $9,029
    Alliant Bank 921 Highway 24 And 36 East Monroe City, MO 63456 Full Service B&M $27,567

    For 2019, Alliant Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,590
    Net interest income $6,283
    Total noninterest income $1,617
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $487
    Trading account gains and fees $0
    Additional Noninterest Income $1,130
    Pre-tax net operating income $1,982
    Securities gains (or losses, -) $58
    Income before extraordinary items $2,018
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,018
    Minority interest net income $0
    Net income $2,018
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,960

    Alliant Bank's gross interest income from loans was $7,590,000.
    Alliant Bank's net interest income from loans was $6,283,000.
    Alliant Bank's fee based income from loans was $487,000.
    Alliant Bank's net income from loans was $2,018,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,307
    Provision for credit losses $0
    Total noninterest expense $5,918
    Salaries and employee benefits $3,418
    Premises and equipment expense $463
    Additional noninterest expense $2,037
    Applicable income taxes $22
    Net charge-offs $-2
    Cash dividends $1,427

    Alliant Bank's interest expense for loans was $1,307,000.
    Alliant Bank's payroll and benefits expense were $3,418,000.
    Alliant Bank's property, plant and equipment expenses $463,000.

    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 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $143,202
    Deposits held in domestic offices $143,202
    Deposits by Individuals, partnerships, and corporations $114,037
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,335
    Deposits by Commercial banks and other depository institutions in U.S. $19,830
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $70,448
    Demand deposits $41,501
    Nontransaction accounts $72,754
    Money market deposit accounts (MMDAs) $16,765
    Other savings deposits (excluding MMDAs) $12,317
    Total time deposits $43,672
    Total time and savings deposits $101,701
    Noninterest-bearing deposits $42,235
    Interest-bearing deposits $100,967
    Retail deposits $136,667
    IRAs and Keogh plan accounts $2,086
    Brokered deposits $1,912
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $160,401
    Cash & Balances due from depository institutions $18,671
    Interest-bearing balances $13,776
    Total securities $8,579
    Federal funds sold & reverse repurchase $0
    Net loans and leases $124,291
    Loan and leases loss allowance $1,468
    Trading account assets $0
    Bank premises and fixed assets $3,487
    Other real estate owned $0
    Goodwill and other intangibles $744
    All other assets $4,629

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $160,401
    Total Liabilities $143,600
    Total deposits $143,202
    Interest-bearing deposits $100,967
    Deposits held in domestic offices $143,202
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $398

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $124,291
    Loan and leases loss allowance $1,468
    Total loans and leases (domestic) $125,759
    All real estate loans $108,657
    Real estate loans in domestic offices $108,657
    Construction and development loans $5,731
    Residential 1-4 family construction $3,084
    Other construction, all land development and other land $2,647
    Loans secured by nonfarm nonresidential properties $24,232
    Nonfarm nonresidential secured by owner-occupied properties $18,406
    Commercial real estate & other non-farm, non-residential $5,826
    Multifamily residential real estate $4,590
    1-4 family residential loans $43,500
    Farmland loans $30,604
    Loans held in foreign offices $0
    Farm loans $8,756
    Commercial and industrial loans $6,533
    To non-U.S. addressees $0
    Loans to individuals $1,708
    Credit card loans $0
    Related Plans $4
    Consumer Auto Loans $721
    Other loans to individuals $983
    All other loans & leases $122
    Loans to foreign governments and official institutions $0
    Other loans $122
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,104
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Alliant Bank had $124,291,000 of loans outstanding in 2019. $108,657,000 of loans were in real estate loans. $5,731,000 of loans were in development loans. $4,590,000 of loans were in multifamily mortgage loans. $43,500,000 of loans were in 1-4 family mortgage loans. $8,756,000 of loans were in farm loans. $0 of loans were in credit card loans. $721,000 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 196 $20,116 $102,633
    Nonfarm, nonresidential loans - <$100k 111 $4,072 $36,685
    Nonfarm, nonresidential loans - $100-250k 56 $6,312 $112,714
    Nonfarm, nonresidential loans - $250k-1MM 29 $9,732 $335,586
    Commercial & Industrial, US addressed loans - <$1MM 186 $6,514 $35,022
    Commercial & Industrial, US addressed loans - <$100k 153 $2,703 $17,667
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,359 $84,250
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,452 $290,400
    Farmland loans - <$1MM 217 $23,037 $106,161
    Farmland loans - <$100k 105 $4,117 $39,210
    Farmland loans - $100-250k 74 $9,182 $124,081
    Farmland loans - $250k-1MM 38 $9,738 $256,263
    Agriculture operations loans - <$1MM 214 $8,288 $38,729
    Agriculture operations loans - <$100k 181 $3,522 $19,459
    Agriculture operations loans - $100-250k 24 $2,364 $98,500
    Agriculture operations loans - $250k-1MM 9 $2,402 $266,889