Alliance Bank Mortgage Rates, Fees & Info

Francesville, IN

LEI: 549300T3JUQ02E9W8I27

Tax ID: 35-0576710

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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

    Alliance Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Alliance Bank has a high proportion of conventional loans. Their top two markets are Lafayette and Chicago .

    Alliance 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.

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    Originations

    38

    Origination Dollar Volume (All Markets)

    $4,830,000

    Employee count

    65

    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
    Outside of Metro Areas 20 $2,580,000 $129,000 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 11 $1,415,000 $128,636 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $835,000 $119,286 $0 0.00%
    Alliance Bank's top markets include Lafayette and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $4,830,000 $127,105 $0 0.00%

    For 2018, Alliance Bank's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $2,140,000 $118,889 $0 0.00%
    Cash Out Refi 12 $1,550,000 $129,167 $0 0.00%
    Home Improvement 3 $335,000 $111,667 $0 0.00%
    Refi 3 $685,000 $228,333 $0 0.00%
    Other 2 $120,000 $60,000 $0 0.00%

    For 2018, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $4,830,000 $127,105 $0 0.00%

    For 2018, Alliance Bank's most frequently cited loan duration was Other, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,355,000 $138,529 $0 0.00%
    $100,000 or less 16 $1,130,000 $70,625 $0 0.00%
    $200k-400k 4 $890,000 $222,500 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2018 saw Alliance Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $1,430,000 $102,143 $0 0.00%
    $50k or less 9 $785,000 $87,222 $0 0.00%
    $100k-150k 4 $870,000 $217,500 $0 0.00%
    $150k-250k 4 $590,000 $147,500 $0 0.00%
    $75k-100k 4 $590,000 $147,500 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 38 $4,830,000 $127,105 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $4,415,000 $126,143 $0 0.00%
    Not applicable 2 $340,000 $170,000 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.95%

    Alliance Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.95%

    Alliance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 38 $4,830,000 $127,105

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 37 $4,665,000 $126,081

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Alliance Data Card Services Other type of mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Alliance Bank 209 Rickey Road Monticello, IN 47960 Full Service B&M $35,571
    Alliance Bank 319 North Market Street Monon, IN 47959 Full Service B&M $16,659
    Alliance Bank 100 South Justus Street Oxford, IN 47971 Full Service B&M $23,815
    Alliance Bank 101 West Montgomery Street Francesville, IN 47946 Full Service B&M $68,447
    Alliance Bank 408 North Meadow Street Otterbein, IN 47970 Full Service B&M $24,108
    Alliance Bank 501 South College Avenue Rensselaer, IN 47978 Full Service B&M $49,906
    Alliance Bank 510 North Us Highway 35 Winamac, IN 46996 Full Service B&M $28,614

    For 2018, Alliance Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,029
    Net interest income $10,426
    Total noninterest income $1,851
    Gross Fiduciary activities income $38
    Service charges on deposit accounts $650
    Trading account gains and fees $0
    Additional Noninterest Income $1,163
    Pre-tax net operating income $4,347
    Securities gains (or losses, -) $-33
    Income before extraordinary items $4,314
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,314
    Minority interest net income $0
    Net income $4,314
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,347

    Alliance Bank's gross interest income from loans was $11,029,000.
    Alliance Bank's net interest income from loans was $10,426,000.
    Alliance Bank's fee based income from loans was $650,000.
    Alliance Bank's net income from loans was $4,314,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $603
    Provision for credit losses $0
    Total noninterest expense $7,930
    Salaries and employee benefits $4,743
    Premises and equipment expense $631
    Additional noninterest expense $2,556
    Applicable income taxes $0
    Net charge-offs $-11
    Cash dividends $2,275

    Alliance Bank's interest expense for loans was $603,000.
    Alliance Bank's payroll and benefits expense were $4,743,000.
    Alliance Bank's property, plant and equipment expenses $631,000.

    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 $259,420
    Deposits held in domestic offices $259,420
    Deposits by Individuals, partnerships, and corporations $229,116
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $30,059
    Deposits by Commercial banks and other depository institutions in U.S. $245
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $105,997
    Demand deposits $41,135
    Nontransaction accounts $153,423
    Money market deposit accounts (MMDAs) $45,784
    Other savings deposits (excluding MMDAs) $65,258
    Total time deposits $42,381
    Total time and savings deposits $218,285
    Noninterest-bearing deposits $61,256
    Interest-bearing deposits $198,164
    Retail deposits $244,149
    IRAs and Keogh plan accounts $4,532
    Brokered deposits $12,169
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $304,258
    Cash & Balances due from depository institutions $10,975
    Interest-bearing balances $2,992
    Total securities $96,955
    Federal funds sold & reverse repurchase $6,151
    Net loans and leases $171,954
    Loan and leases loss allowance $3,911
    Trading account assets $0
    Bank premises and fixed assets $2,244
    Other real estate owned $0
    Goodwill and other intangibles $2,522
    All other assets $13,457

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $304,258
    Total Liabilities $268,048
    Total deposits $259,420
    Interest-bearing deposits $198,164
    Deposits held in domestic offices $259,420
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $4,804
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,824

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $171,954
    Loan and leases loss allowance $3,911
    Total loans and leases (domestic) $175,865
    All real estate loans $93,898
    Real estate loans in domestic offices $93,898
    Construction and development loans $3,911
    Residential 1-4 family construction $389
    Other construction, all land development and other land $3,522
    Loans secured by nonfarm nonresidential properties $29,242
    Nonfarm nonresidential secured by owner-occupied properties $20,059
    Commercial real estate & other non-farm, non-residential $9,183
    Multifamily residential real estate $1,644
    1-4 family residential loans $20,033
    Farmland loans $39,068
    Loans held in foreign offices $0
    Farm loans $48,868
    Commercial and industrial loans $23,433
    To non-U.S. addressees $0
    Loans to individuals $1,598
    Credit card loans $0
    Related Plans $300
    Consumer Auto Loans $637
    Other loans to individuals $661
    All other loans & leases $8,068
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,989
    Non 1-4 family restructured loans & leases $1,989
    Total loans and leases (foreign) $0

    Alliance Bank had $171,954,000 of loans outstanding in 2018. $93,898,000 of loans were in real estate loans. $3,911,000 of loans were in development loans. $1,644,000 of loans were in multifamily mortgage loans. $20,033,000 of loans were in 1-4 family mortgage loans. $48,868,000 of loans were in farm loans. $0 of loans were in credit card loans. $637,000 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 121 $17,064 $141,025
    Nonfarm, nonresidential loans - <$100k 50 $1,321 $26,420
    Nonfarm, nonresidential loans - $100-250k 33 $3,151 $95,485
    Nonfarm, nonresidential loans - $250k-1MM 38 $12,592 $331,368
    Commercial & Industrial, US addressed loans - <$1MM 326 $14,601 $44,788
    Commercial & Industrial, US addressed loans - <$100k 260 $5,953 $22,896
    Commercial & Industrial, US addressed loans - $100-250k 46 $4,242 $92,217
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $4,406 $220,300
    Farmland loans - <$1MM 143 $20,258 $141,664
    Farmland loans - <$100k 44 $1,539 $34,977
    Farmland loans - $100-250k 64 $8,138 $127,156
    Farmland loans - $250k-1MM 35 $10,581 $302,314
    Agriculture operations loans - <$1MM 309 $33,531 $108,515
    Agriculture operations loans - <$100k 259 $19,743 $76,228
    Agriculture operations loans - $100-250k 34 $6,146 $180,765
    Agriculture operations loans - $250k-1MM 16 $7,642 $477,625