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, Stillwater, and Cape Coral among others. We have data for 7 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

    73

    Origination Dollar Volume (All Markets)

    $33,815,000

    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) 54 $22,570,000 $417,963 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $8,545,000 $776,818 $0 0.00%
    Outside of Metro Areas 3 $1,485,000 $495,000 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    Stillwater, OK (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    Valliance Bank's top markets include Oklahoma City, Dallas, Tulsa, Stillwater, and Cape Coral among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $33,815,000 $463,219 $0 0.00%

    For 2020, Valliance Bank's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 36 $15,510,000 $430,833 $0 0.00%
    Home Purchase 33 $18,135,000 $549,545 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2020, Valliance Bank's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 73 $33,815,000 $463,219 $0 0.00%

    For 2020, Valliance Bank's most frequently cited loan duration was Other, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,070,000 $48,636 $0 0.00%
    $100k-200k 14 $1,890,000 $135,000 $0 0.00%
    $400k-600k 13 $6,655,000 $511,923 $0 0.00%
    $1MM+ 9 $16,535,000 $1,837,222 $0 0.00%
    $200k-400k 8 $2,350,000 $293,750 $0 0.00%
    $600k-1MM 7 $5,315,000 $759,286 $0 0.00%

    2020 saw Valliance Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 21 $13,455,000 $640,714 $0 0.00%
    $150k-250k 8 $1,780,000 $222,500 $0 0.00%
    $100k-150k 2 $940,000 $470,000 $0 0.00%
    $75k-100k 2 $60,000 $30,000 $0 0.00%
    $50k-75k 1 $15,000 $15,000 $0 0.00%

    Valliance Bank lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 73 $33,815,000 $463,219 $0 0.00%

    Valliance Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $17,350,000 $510,294 $0 0.00%
    Not applicable 33 $15,195,000 $460,455 $0 0.00%
    American Indian 3 $1,155,000 $385,000 $0 0.00%
    Black 3 $115,000 $38,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    Valliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.56%

    Valliance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 73 $33,815,000 $463,219

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $3,455,000 $1,151,667
    Single Family (1-4 Units):Site-Built 70 $30,360,000 $433,714

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Valliance Bank 1501 24th Ave Nw Norman, OK 73069 Full Service B&M $70,496
    Valliance Bank 1601 N. W. Expressway, Suite 100 Oklahoma City, OK 73118 Full Service B&M $201,186
    Valliance Bank 210 Park Avenue, Suite 200 Oklahoma City, OK 73102 Full Service B&M $41,296
    Valliance Bank 5900 S. Lake Forest Dr., Suite 100 Mckinney, TX 75070 Full Service B&M $65,418
    Valliance Bank 777 Main Street Suite 2160 Fort Worth, TX 76102 Full Service B&M $28,260

    For 2020, Valliance Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,474
    Net interest income $19,559
    Total noninterest income $979
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $592
    Trading account gains and fees $0
    Additional Noninterest Income $387
    Pre-tax net operating income $4,017
    Securities gains (or losses, -) $81
    Income before extraordinary items $4,098
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,098
    Minority interest net income $0
    Net income $4,098
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,017

    Valliance Bank's gross interest income from loans was $23,474,000.
    Valliance Bank's net interest income from loans was $19,559,000.
    Valliance Bank's fee based income from loans was $592,000.
    Valliance Bank's net income from loans was $4,098,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,915
    Provision for credit losses $2,570
    Total noninterest expense $13,951
    Salaries and employee benefits $8,392
    Premises and equipment expense $2,518
    Additional noninterest expense $3,041
    Applicable income taxes $0
    Net charge-offs $921
    Cash dividends $1,380

    Valliance Bank's interest expense for loans was $3,915,000.
    Valliance Bank's payroll and benefits expense were $8,392,000.
    Valliance Bank's property, plant and equipment expenses $2,518,000.

    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 1.0%
    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 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 $464,375
    Deposits held in domestic offices $464,375
    Deposits by Individuals, partnerships, and corporations $367,118
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,107
    Deposits by Commercial banks and other depository institutions in U.S. $82,150
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $252,237
    Demand deposits $208,715
    Nontransaction accounts $212,138
    Money market deposit accounts (MMDAs) $104,397
    Other savings deposits (excluding MMDAs) $5,922
    Total time deposits $101,818
    Total time and savings deposits $255,660
    Noninterest-bearing deposits $210,336
    Interest-bearing deposits $254,039
    Retail deposits $373,911
    IRAs and Keogh plan accounts $978
    Brokered deposits $45,124
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $564,386
    Cash & Balances due from depository institutions $95,519
    Interest-bearing balances $83,154
    Total securities $26,666
    Federal funds sold & reverse repurchase $0
    Net loans and leases $420,283
    Loan and leases loss allowance $3,366
    Trading account assets $0
    Bank premises and fixed assets $8,100
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,818

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $564,386
    Total Liabilities $514,198
    Total deposits $464,375
    Interest-bearing deposits $254,039
    Deposits held in domestic offices $464,375
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $45,000
    Subordinated debt $0
    All other liabilities $4,823

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $420,283
    Loan and leases loss allowance $3,366
    Total loans and leases (domestic) $423,649
    All real estate loans $260,451
    Real estate loans in domestic offices $260,451
    Construction and development loans $26,591
    Residential 1-4 family construction $13,366
    Other construction, all land development and other land $13,225
    Loans secured by nonfarm nonresidential properties $162,201
    Nonfarm nonresidential secured by owner-occupied properties $87,410
    Commercial real estate & other non-farm, non-residential $74,791
    Multifamily residential real estate $7,858
    1-4 family residential loans $62,725
    Farmland loans $1,076
    Loans held in foreign offices $0
    Farm loans $50
    Commercial and industrial loans $130,576
    To non-U.S. addressees $0
    Loans to individuals $764
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $325
    Other loans to individuals $439
    All other loans & leases $31,808
    Loans to foreign governments and official institutions $0
    Other loans $31,808
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,093
    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 $420,283,000 of loans outstanding in 2020. $260,451,000 of loans were in real estate loans. $26,591,000 of loans were in development loans. $7,858,000 of loans were in multifamily mortgage loans. $62,725,000 of loans were in 1-4 family mortgage loans. $50,000 of loans were in farm loans. $0 of loans were in credit card loans. $325,000 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 124 $42,878 $345,790
    Nonfarm, nonresidential loans - <$100k 7 $417 $59,571
    Nonfarm, nonresidential loans - $100-250k 31 $4,512 $145,548
    Nonfarm, nonresidential loans - $250k-1MM 86 $37,949 $441,267
    Commercial & Industrial, US addressed loans - <$1MM 839 $104,172 $124,162
    Commercial & Industrial, US addressed loans - <$100k 566 $51,863 $91,631
    Commercial & Industrial, US addressed loans - $100-250k 155 $15,615 $100,742
    Commercial & Industrial, US addressed loans - $250k-1MM 118 $36,694 $310,966
    Farmland loans - <$1MM 3 $253 $84,333
    Farmland loans - $100-250k 3 $253 $84,333
    Agriculture operations loans - <$1MM 3 $50 $16,667
    Agriculture operations loans - <$100k 3 $50 $16,667