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 Home Purchase loans. Valliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Dallas, Miami, Sherman, and Enid among others. We have data for 8 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

    55

    Origination Dollar Volume (All Markets)

    $23,225,000

    Employee count

    77

    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) 30 $12,630,000 $421,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 17 $4,235,000 $249,118 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 0.00%
    Outside of Metro Areas 3 $2,125,000 $708,333 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    ENID, OK (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Valliance Bank's top markets include Oklahoma City, Dallas, Miami, Sherman, and Enid among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $23,225,000 $422,273 $0 0.00%

    For 2019, Valliance Bank's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $17,870,000 $470,263 $0 0.00%
    Refi 11 $3,265,000 $296,818 $0 0.00%
    Home Improvement 3 $785,000 $261,667 $0 0.00%
    Other 2 $850,000 $425,000 $0 0.00%
    Cash Out Refi 1 $455,000 $455,000 $0 0.00%

    For 2019, Valliance Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 55 $23,225,000 $422,273 $0 0.00%

    For 2019, Valliance Bank's most frequently cited loan duration was Other, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,650,000 $147,222 $0 0.00%
    $100,000 or less 11 $715,000 $65,000 $0 0.00%
    $200k-400k 11 $3,195,000 $290,455 $0 0.00%
    $400k-600k 6 $2,660,000 $443,333 $0 0.00%
    $600k-1MM 6 $5,200,000 $866,667 $0 0.00%
    $1MM+ 3 $8,805,000 $2,935,000 $0 0.00%

    2019 saw Valliance Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $8,695,000 $790,455 $0 0.00%
    $150k-250k 5 $1,175,000 $235,000 $0 0.00%
    $100k-150k 1 $315,000 $315,000 $0 0.00%
    $50k-75k 1 $115,000 $115,000 $0 0.00%
    $75k-100k 1 $315,000 $315,000 $0 0.00%

    Valliance Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 55 $23,225,000 $422,273 $0 0.00%

    Valliance Bank lent most frequently to those with DTI ratios of Exempt%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 36 $12,610,000 $350,278 $0 0.00%
    White 16 $9,230,000 $576,875 $0 0.00%
    American Indian 2 $1,180,000 $590,000 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.65%

    Valliance Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.00%

    Valliance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $23,225,000 $422,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $4,935,000 $1,645,000
    Single Family (1-4 Units):Site-Built 52 $18,290,000 $351,731

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Valliance Bank 1501 24th Ave Nw Norman, OK 73069 Full Service B&M $55,873
    Valliance Bank 1601 N. W. Expressway, Suite 100 Oklahoma City, OK 73118 Full Service B&M $212,929
    Valliance Bank 210 Park Avenue, Suite 200 Oklahoma City, OK 73102 Full Service B&M $62,166
    Valliance Bank 5900 S. Lake Forest Dr., Suite 100 Mckinney, TX 75070 Full Service B&M $33,785
    Valliance Bank 777 Main Street Suite 2160 Fort Worth, TX 76102 Full Service B&M $15,130

    For 2019, Valliance Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,133
    Net interest income $16,472
    Total noninterest income $859
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $366
    Trading account gains and fees $0
    Additional Noninterest Income $493
    Pre-tax net operating income $2,632
    Securities gains (or losses, -) $1
    Income before extraordinary items $2,633
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,633
    Minority interest net income $0
    Net income $2,633
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,632

    Valliance Bank's gross interest income from loans was $22,133,000.
    Valliance Bank's net interest income from loans was $16,472,000.
    Valliance Bank's fee based income from loans was $366,000.
    Valliance Bank's net income from loans was $2,633,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,661
    Provision for credit losses $965
    Total noninterest expense $13,734
    Salaries and employee benefits $8,174
    Premises and equipment expense $2,439
    Additional noninterest expense $3,121
    Applicable income taxes $0
    Net charge-offs $1,006
    Cash dividends $1,530

    Valliance Bank's interest expense for loans was $5,661,000.
    Valliance Bank's payroll and benefits expense were $8,174,000.
    Valliance Bank's property, plant and equipment expenses $2,439,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 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 $387,496
    Deposits held in domestic offices $387,496
    Deposits by Individuals, partnerships, and corporations $257,292
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,664
    Deposits by Commercial banks and other depository institutions in U.S. $106,540
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $122,101
    Demand deposits $100,210
    Nontransaction accounts $265,395
    Money market deposit accounts (MMDAs) $91,804
    Other savings deposits (excluding MMDAs) $4,193
    Total time deposits $169,398
    Total time and savings deposits $287,286
    Noninterest-bearing deposits $101,132
    Interest-bearing deposits $286,364
    Retail deposits $229,522
    IRAs and Keogh plan accounts $1,672
    Brokered deposits $84,068
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $453,900
    Cash & Balances due from depository institutions $11,701
    Interest-bearing balances $6,478
    Total securities $33,424
    Federal funds sold & reverse repurchase $0
    Net loans and leases $389,618
    Loan and leases loss allowance $1,717
    Trading account assets $0
    Bank premises and fixed assets $6,933
    Other real estate owned $836
    Goodwill and other intangibles $0
    All other assets $11,388

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $453,900
    Total Liabilities $412,199
    Total deposits $387,496
    Interest-bearing deposits $286,364
    Deposits held in domestic offices $387,496
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,638
    Subordinated debt $0
    All other liabilities $4,065

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $389,618
    Loan and leases loss allowance $1,717
    Total loans and leases (domestic) $391,335
    All real estate loans $279,298
    Real estate loans in domestic offices $279,298
    Construction and development loans $40,319
    Residential 1-4 family construction $18,448
    Other construction, all land development and other land $21,871
    Loans secured by nonfarm nonresidential properties $174,893
    Nonfarm nonresidential secured by owner-occupied properties $92,449
    Commercial real estate & other non-farm, non-residential $82,444
    Multifamily residential real estate $8,936
    1-4 family residential loans $54,045
    Farmland loans $1,105
    Loans held in foreign offices $0
    Farm loans $29
    Commercial and industrial loans $91,250
    To non-U.S. addressees $0
    Loans to individuals $1,324
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $410
    Other loans to individuals $914
    All other loans & leases $19,434
    Loans to foreign governments and official institutions $0
    Other loans $19,434
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,173
    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

    Valliance Bank had $389,618,000 of loans outstanding in 2019. $279,298,000 of loans were in real estate loans. $40,319,000 of loans were in development loans. $8,936,000 of loans were in multifamily mortgage loans. $54,045,000 of loans were in 1-4 family mortgage loans. $29,000 of loans were in farm loans. $0 of loans were in credit card loans. $410,000 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 132 $45,897 $347,705
    Nonfarm, nonresidential loans - <$100k 11 $713 $64,818
    Nonfarm, nonresidential loans - $100-250k 35 $4,958 $141,657
    Nonfarm, nonresidential loans - $250k-1MM 86 $40,226 $467,744
    Commercial & Industrial, US addressed loans - <$1MM 355 $49,312 $138,907
    Commercial & Industrial, US addressed loans - <$100k 154 $5,199 $33,760
    Commercial & Industrial, US addressed loans - $100-250k 98 $10,123 $103,296
    Commercial & Industrial, US addressed loans - $250k-1MM 103 $33,990 $330,000
    Farmland loans - <$1MM 3 $257 $85,667
    Farmland loans - $100-250k 3 $257 $85,667
    Agriculture operations loans - <$1MM 2 $29 $14,500
    Agriculture operations loans - <$100k 2 $29 $14,500