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 markets by origination volume include: Lafayette, Chicago, and Frankfort among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    53

    Origination Dollar Volume (All Markets)

    $9,355,000

    Employee count

    63

    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 22 $3,760,000 $170,909 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 17 $3,155,000 $185,588 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $1,915,000 $147,308 $0 0.00%
    Frankfort, IN (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    Alliance Bank's top markets include Lafayette, Chicago, and Frankfort among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $9,355,000 $176,509 $0 0.00%

    For 2019, Alliance Bank's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $5,090,000 $195,769 $0 0.00%
    Cash Out Refi 12 $2,310,000 $192,500 $0 0.00%
    Refi 11 $1,655,000 $150,455 $0 0.00%
    Home Improvement 2 $190,000 $95,000 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%

    For 2019, Alliance Bank's most frequently cited loan purpose was Home Purchase, with 26 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 53 $9,355,000 $176,509 $0 0.00%

    For 2019, Alliance Bank's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 19 $2,825,000 $148,684 $0 0.00%
    $100,000 or less 18 $1,170,000 $65,000 $0 0.00%
    $200k-400k 13 $3,745,000 $288,077 $0 0.00%
    $400k-600k 2 $1,000,000 $500,000 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2019 saw Alliance Bank place emphasis on $100k-200k loans with 19 originations, totaling $2,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $2,015,000 $183,182 $0 0.00%
    $50k or less 9 $1,045,000 $116,111 $0 0.00%
    $75k-100k 9 $1,075,000 $119,444 $0 0.00%
    $50k-75k 8 $940,000 $117,500 $0 0.00%
    $150k-250k 6 $1,520,000 $253,333 $0 0.00%
    $250k+ 4 $1,260,000 $315,000 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $100k-150k range, with 11 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% 53 $9,355,000 $176,509 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $8,055,000 $171,383 $0 0.00%
    Not applicable 4 $1,050,000 $262,500 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.76%

    Alliance Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.79%

    Alliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $9,355,000 $176,509

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $525,000 $525,000
    Single Family (1-4 Units):Site-Built 52 $8,830,000 $169,808

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Alliance Data Card Services Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Alliance Bank 100 South Justus Street Oxford, IN 47971 Full Service B&M $24,740
    Alliance Bank 101 West Montgomery Street Francesville, IN 47946 Full Service B&M $69,305
    Alliance Bank 209 Rickey Road Monticello, IN 47960 Full Service B&M $32,706
    Alliance Bank 319 North Market Street Monon, IN 47959 Full Service B&M $17,635
    Alliance Bank 408 North Meadow Street Otterbein, IN 47970 Full Service B&M $23,158
    Alliance Bank 501 South College Avenue Rensselaer, IN 47978 Full Service B&M $58,829
    Alliance Bank 510 North Us Highway 35 Winamac, IN 46996 Full Service B&M $29,481

    For 2019, Alliance Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,065
    Net interest income $11,127
    Total noninterest income $2,375
    Gross Fiduciary activities income $24
    Service charges on deposit accounts $615
    Trading account gains and fees $0
    Additional Noninterest Income $1,736
    Pre-tax net operating income $5,361
    Securities gains (or losses, -) $-4
    Income before extraordinary items $5,357
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,357
    Minority interest net income $0
    Net income $5,357
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,361

    Alliance Bank's gross interest income from loans was $12,065,000.
    Alliance Bank's net interest income from loans was $11,127,000.
    Alliance Bank's fee based income from loans was $615,000.
    Alliance Bank's net income from loans was $5,357,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $938
    Provision for credit losses $0
    Total noninterest expense $8,141
    Salaries and employee benefits $4,942
    Premises and equipment expense $650
    Additional noninterest expense $2,549
    Applicable income taxes $0
    Net charge-offs $-55
    Cash dividends $2,750

    Alliance Bank's interest expense for loans was $938,000.
    Alliance Bank's payroll and benefits expense were $4,942,000.
    Alliance Bank's property, plant and equipment expenses $650,000.

    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 1.0%
    HELOC loans 4.0%
    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 $260,599
    Deposits held in domestic offices $260,599
    Deposits by Individuals, partnerships, and corporations $224,902
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,696
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $111,916
    Demand deposits $45,113
    Nontransaction accounts $148,682
    Money market deposit accounts (MMDAs) $46,102
    Other savings deposits (excluding MMDAs) $61,734
    Total time deposits $40,846
    Total time and savings deposits $215,485
    Noninterest-bearing deposits $63,899
    Interest-bearing deposits $196,700
    Retail deposits $250,922
    IRAs and Keogh plan accounts $4,383
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $311,229
    Cash & Balances due from depository institutions $16,674
    Interest-bearing balances $10,747
    Total securities $98,848
    Federal funds sold & reverse repurchase $39
    Net loans and leases $176,227
    Loan and leases loss allowance $3,967
    Trading account assets $0
    Bank premises and fixed assets $2,353
    Other real estate owned $0
    Goodwill and other intangibles $2,538
    All other assets $14,550

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $311,229
    Total Liabilities $269,227
    Total deposits $260,599
    Interest-bearing deposits $196,700
    Deposits held in domestic offices $260,599
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $4,284
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,344

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $176,227
    Loan and leases loss allowance $3,967
    Total loans and leases (domestic) $180,194
    All real estate loans $98,804
    Real estate loans in domestic offices $98,804
    Construction and development loans $8,673
    Residential 1-4 family construction $108
    Other construction, all land development and other land $8,565
    Loans secured by nonfarm nonresidential properties $30,123
    Nonfarm nonresidential secured by owner-occupied properties $19,437
    Commercial real estate & other non-farm, non-residential $10,686
    Multifamily residential real estate $1,537
    1-4 family residential loans $20,959
    Farmland loans $37,512
    Loans held in foreign offices $0
    Farm loans $48,538
    Commercial and industrial loans $24,732
    To non-U.S. addressees $0
    Loans to individuals $1,328
    Credit card loans $0
    Related Plans $148
    Consumer Auto Loans $623
    Other loans to individuals $557
    All other loans & leases $6,792
    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 $967
    Non 1-4 family restructured loans & leases $909
    Total loans and leases (foreign) $0

    Alliance Bank had $176,227,000 of loans outstanding in 2019. $98,804,000 of loans were in real estate loans. $8,673,000 of loans were in development loans. $1,537,000 of loans were in multifamily mortgage loans. $20,959,000 of loans were in 1-4 family mortgage loans. $48,538,000 of loans were in farm loans. $0 of loans were in credit card loans. $623,000 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 116 $17,797 $153,422
    Nonfarm, nonresidential loans - <$100k 45 $1,186 $26,356
    Nonfarm, nonresidential loans - $100-250k 29 $2,510 $86,552
    Nonfarm, nonresidential loans - $250k-1MM 42 $14,101 $335,738
    Commercial & Industrial, US addressed loans - <$1MM 338 $16,645 $49,246
    Commercial & Industrial, US addressed loans - <$100k 264 $6,401 $24,246
    Commercial & Industrial, US addressed loans - $100-250k 60 $5,726 $95,433
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,518 $322,714
    Farmland loans - <$1MM 141 $19,016 $134,865
    Farmland loans - <$100k 44 $1,756 $39,909
    Farmland loans - $100-250k 63 $7,855 $124,683
    Farmland loans - $250k-1MM 34 $9,405 $276,618
    Agriculture operations loans - <$1MM 312 $33,561 $107,567
    Agriculture operations loans - <$100k 257 $18,825 $73,249
    Agriculture operations loans - $100-250k 38 $6,679 $175,763
    Agriculture operations loans - $250k-1MM 17 $8,057 $473,941