Valliance Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300OCPYKDBIQ11H61

Tax ID: 41-2149887

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Mortgage Data

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

    Valliance Bank is a smaller bank specializing in Refi and Home Purchase loans. Valliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Dallas, Tulsa, Stephenville, and Fort Smith among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Valliance 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.

    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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    Originations

    94

    Origination Dollar Volume (All Markets)

    $21,160,000

    Employee count

    73

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 60 $13,140,000 $219,000 $2,006 5.54%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 29 $6,515,000 $224,655 $2,835 5.59%
    TULSA, OK (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.25%
    Stephenville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 5.50%
    Outside of Metro Areas 2 $330,000 $165,000 $2,293 5.83%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $85,000 $85,000 $1,851 4.95%
    Valliance Bank's top markets include Oklahoma City, Dallas, Tulsa, Stephenville, and Fort Smith among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $21,160,000 $225,106 $2,287 5.56%

    For 2018, Valliance Bank's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 46 $12,030,000 $261,522 $1,814 5.56%
    Home Purchase 35 $7,145,000 $204,143 $4,015 5.53%
    Home Improvement 11 $1,875,000 $170,455 $852 5.61%
    Other 2 $110,000 $55,000 $788 5.98%

    For 2018, Valliance Bank's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 61 $11,975,000 $196,311 $3,297 5.51%
    Other 14 $4,770,000 $340,714 $512 5.54%
    1 Year 13 $3,035,000 $233,462 $0 5.88%
    3 Year 4 $1,180,000 $295,000 $674 5.46%
    10 Year 2 $200,000 $100,000 $0 5.38%

    For 2018, Valliance Bank's most frequently cited loan duration was 5 Year, with 61 originations. The 2nd most popular length was Other, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 27 $5,805,000 $215,000
    $1k-2k 1 $455,000 $455,000
    $2k-3k 1 $565,000 $565,000
    $5k+ 1 $1,135,000 $1,135,000

    Valliance Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 67 $12,025,000 $179,478
    4-5% 21 $6,775,000 $322,619
    6-7% 6 $2,360,000 $393,333

    During 2018, Valliance Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,840,000 $57,500 $659 5.60%
    $100k-200k 32 $4,500,000 $140,625 $1,474 5.78%
    $200k-400k 18 $5,260,000 $292,222 $2,781 5.26%
    $400k-600k 5 $2,455,000 $491,000 $3,376 5.18%
    $1MM+ 4 $5,060,000 $1,265,000 $15,249 5.38%
    $600k-1MM 3 $2,045,000 $681,667 $150 5.58%

    2018 saw Valliance Bank place emphasis on $100,000 or less loans with 32 originations, totaling $1,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 16 $4,580,000 $286,250 $1,885 5.38%
    $150k-250k 14 $2,930,000 $209,286 $1,762 5.21%
    $100k-150k 4 $610,000 $152,500 $1,247 5.43%
    $75k-100k 3 $135,000 $45,000 $834 5.92%
    $50k or less 2 $60,000 $30,000 $378 5.85%
    $50k-75k 1 $205,000 $205,000 $2,293 5.15%

    Valliance Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $2,700,000 $168,750 $1,286 5.40%
    <20% 8 $1,020,000 $127,500 $1,721 5.26%
    40% 3 $875,000 $291,667 $2,827 4.80%
    36% 2 $460,000 $230,000 $3,200 5.38%
    42% 2 $220,000 $110,000 $1,198 6.00%
    >60% 2 $320,000 $160,000 $0 5.75%
    30-36% 1 $135,000 $135,000 $353 5.95%
    41% 1 $345,000 $345,000 $3,087 4.75%
    47% 1 $25,000 $25,000 $0 6.00%
    46% 1 $65,000 $65,000 $0 5.00%
    38% 1 $785,000 $785,000 $150 4.50%
    39% 1 $345,000 $345,000 $3,636 5.75%

    Valliance Bank lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 52 $11,310,000 $217,500 $7,725 5.73%
    White 38 $8,630,000 $227,105 $1,707 5.39%
    Asian Indian 1 $785,000 $785,000 $150 4.50%
    American Indian 2 $370,000 $185,000 $2,593 5.33%
    Vietnamese 1 $65,000 $65,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    94.64%

    Valliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.30%

    Valliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 94 $21,160,000 $225,106

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $275,000 $275,000
    Single Family (1-4 Units):Site-Built 93 $20,885,000 $224,570

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,120,000 $176,667 $2,032 5.82%
    40-60% 15 $5,285,000 $352,333 $2,494 5.52%
    60-80% 51 $11,815,000 $231,667 $3,639 5.58%
    80-100% 6 $1,530,000 $255,000 $2,735 5.03%
    Under 20% 10 $410,000 $41,000 $454 5.56%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Valliance Bank 1501 24th Ave Nw Norman, OK 73069 Full Service B&M $43,569
    Valliance Bank 1601 N. W. Expressway Oklahoma City, OK 73118 Full Service B&M $226,087
    Valliance Bank 210 Park Avenue, Suite 200 Oklahoma City, OK 73102 Full Service B&M $65,973
    Valliance Bank 5900 S. Lake Forest Dr., Suite 100 Mckinney, TX 75070 Full Service B&M $36,930
    Valliance Bank 777 Main Street Suite 2160 Fort Worth, TX 76102 Full Service B&M $4,139

    For 2018, Valliance Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,245
    Net interest income $16,643
    Total noninterest income $920
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $415
    Trading account gains and fees $0
    Additional Noninterest Income $505
    Pre-tax net operating income $3,280
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,280
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,280
    Minority interest net income $0
    Net income $3,280
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,280

    Valliance Bank's gross interest income from loans was $20,245,000.
    Valliance Bank's net interest income from loans was $16,643,000.
    Valliance Bank's fee based income from loans was $415,000.
    Valliance Bank's net income from loans was $3,280,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,602
    Provision for credit losses $711
    Total noninterest expense $13,572
    Salaries and employee benefits $7,785
    Premises and equipment expense $2,419
    Additional noninterest expense $3,368
    Applicable income taxes $0
    Net charge-offs $625
    Cash dividends $1,729

    Valliance Bank's interest expense for loans was $3,602,000.
    Valliance Bank's payroll and benefits expense were $7,785,000.
    Valliance Bank's property, plant and equipment expenses $2,419,000.

    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 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $332,585
    Deposits held in domestic offices $332,585
    Deposits by Individuals, partnerships, and corporations $232,310
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,893
    Deposits by Commercial banks and other depository institutions in U.S. $83,382
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $122,818
    Demand deposits $100,269
    Nontransaction accounts $209,767
    Money market deposit accounts (MMDAs) $67,143
    Other savings deposits (excluding MMDAs) $4,186
    Total time deposits $138,440
    Total time and savings deposits $232,316
    Noninterest-bearing deposits $100,203
    Interest-bearing deposits $232,383
    Retail deposits $281,321
    IRAs and Keogh plan accounts $1,689
    Brokered deposits $20,169
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $421,968
    Cash & Balances due from depository institutions $12,585
    Interest-bearing balances $7,173
    Total securities $34,538
    Federal funds sold & reverse repurchase $0
    Net loans and leases $354,071
    Loan and leases loss allowance $1,757
    Trading account assets $0
    Bank premises and fixed assets $7,516
    Other real estate owned $836
    Goodwill and other intangibles $0
    All other assets $12,422

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $421,968
    Total Liabilities $382,465
    Total deposits $332,585
    Interest-bearing deposits $232,383
    Deposits held in domestic offices $332,585
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $45,914
    Subordinated debt $0
    All other liabilities $3,966

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $354,071
    Loan and leases loss allowance $1,757
    Total loans and leases (domestic) $355,828
    All real estate loans $247,860
    Real estate loans in domestic offices $247,860
    Construction and development loans $42,627
    Residential 1-4 family construction $18,388
    Other construction, all land development and other land $24,239
    Loans secured by nonfarm nonresidential properties $142,144
    Nonfarm nonresidential secured by owner-occupied properties $63,201
    Commercial real estate & other non-farm, non-residential $78,943
    Multifamily residential real estate $4,562
    1-4 family residential loans $58,121
    Farmland loans $406
    Loans held in foreign offices $0
    Farm loans $43
    Commercial and industrial loans $92,620
    To non-U.S. addressees $0
    Loans to individuals $2,048
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $484
    Other loans to individuals $1,564
    All other loans & leases $13,257
    Loans to foreign governments and official institutions $0
    Other loans $13,257
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,308
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,474
    Non 1-4 family restructured loans & leases $2,474
    Total loans and leases (foreign) $0

    Valliance Bank had $354,071,000 of loans outstanding in 2018. $247,860,000 of loans were in real estate loans. $42,627,000 of loans were in development loans. $4,562,000 of loans were in multifamily mortgage loans. $58,121,000 of loans were in 1-4 family mortgage loans. $43,000 of loans were in farm loans. $0 of loans were in credit card loans. $484,000 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 118 $41,203 $349,178
    Nonfarm, nonresidential loans - <$100k 10 $666 $66,600
    Nonfarm, nonresidential loans - $100-250k 32 $4,542 $141,938
    Nonfarm, nonresidential loans - $250k-1MM 76 $35,995 $473,618
    Commercial & Industrial, US addressed loans - <$1MM 338 $47,166 $139,544
    Commercial & Industrial, US addressed loans - <$100k 155 $5,620 $36,258
    Commercial & Industrial, US addressed loans - $100-250k 86 $9,301 $108,151
    Commercial & Industrial, US addressed loans - $250k-1MM 97 $32,245 $332,423
    Farmland loans - <$1MM 3 $406 $135,333
    Farmland loans - $100-250k 3 $406 $135,333
    Agriculture operations loans - <$1MM 3 $43 $14,333
    Agriculture operations loans - <$100k 3 $43 $14,333