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 Cash Out Refi and Refi loans. Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Lafayette, Indianapolis, Michigan City, and Kokomo among others. We have data for 7 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

    138

    Origination Dollar Volume (All Markets)

    $25,210,000

    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 62 $9,660,000 $155,806 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 44 $8,920,000 $202,727 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 27 $5,405,000 $200,185 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    KOKOMO, IN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Logansport, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Alliance Bank's top markets include Chicago, Lafayette, Indianapolis, Michigan City, and Kokomo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $25,210,000 $182,681 $0 0.00%

    For 2020, Alliance Bank's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 66 $11,490,000 $174,091 $0 0.00%
    Refi 56 $10,990,000 $196,250 $0 0.00%
    Home Purchase 16 $2,730,000 $170,625 $0 0.00%

    For 2020, Alliance Bank's most frequently cited loan purpose was Cash Out Refi, with 66 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $25,210,000 $182,681 $0 0.00%

    For 2020, Alliance Bank's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 59 $8,585,000 $145,508 $0 0.00%
    $200k-400k 49 $13,275,000 $270,918 $0 0.00%
    $100,000 or less 27 $1,975,000 $73,148 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%

    2020 saw Alliance Bank place emphasis on $100k-200k loans with 59 originations, totaling $8,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $4,485,000 $154,655 $0 0.00%
    $100k-150k 27 $5,275,000 $195,370 $0 0.00%
    $75k-100k 23 $4,045,000 $175,870 $0 0.00%
    $150k-250k 20 $5,030,000 $251,500 $0 0.00%
    $50k or less 19 $1,735,000 $91,316 $0 0.00%
    $250k+ 10 $2,680,000 $268,000 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $25,210,000 $182,681 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $22,415,000 $179,320 $0 0.00%
    Not provided 10 $2,310,000 $231,000 $0 0.00%
    Asian 2 $440,000 $220,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.97%

    Alliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.78%

    Alliance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $25,210,000 $182,681

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $100,000 $50,000
    Single Family (1-4 Units):Site-Built 136 $25,110,000 $184,632

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Alliance Data Card Services Other type of mortgage Closing on a mortgage 2 66.7%
    Alliance Data Card Services Other type of mortgage Problem with a credit reporting company's investigation into an existing problem 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Alliance Bank 100 South Justus Street Oxford, IN 47971 Full Service B&M $27,532
    Alliance Bank 101 West Montgomery Street Francesville, IN 47946 Full Service B&M $67,842
    Alliance Bank 209 Rickey Road Monticello, IN 47960 Full Service B&M $36,552
    Alliance Bank 319 North Market Street Monon, IN 47959 Full Service B&M $22,700
    Alliance Bank 408 North Meadow Street Otterbein, IN 47970 Full Service B&M $23,728
    Alliance Bank 501 South College Avenue Rensselaer, IN 47978 Full Service B&M $58,113
    Alliance Bank 510 North Us Highway 35 Winamac, IN 46996 Full Service B&M $50,369

    For 2020, Alliance Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,351
    Net interest income $10,662
    Total noninterest income $2,194
    Gross Fiduciary activities income $26
    Service charges on deposit accounts $504
    Trading account gains and fees $0
    Additional Noninterest Income $1,664
    Pre-tax net operating income $5,467
    Securities gains (or losses, -) $9
    Income before extraordinary items $5,476
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,476
    Minority interest net income $0
    Net income $5,476
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,467

    Alliance Bank's gross interest income from loans was $11,351,000.
    Alliance Bank's net interest income from loans was $10,662,000.
    Alliance Bank's fee based income from loans was $504,000.
    Alliance Bank's net income from loans was $5,476,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $689
    Provision for credit losses $0
    Total noninterest expense $7,389
    Salaries and employee benefits $4,359
    Premises and equipment expense $619
    Additional noninterest expense $2,411
    Applicable income taxes $0
    Net charge-offs $-6
    Cash dividends $2,750

    Alliance Bank's interest expense for loans was $689,000.
    Alliance Bank's payroll and benefits expense were $4,359,000.
    Alliance Bank's property, plant and equipment expenses $619,000.

    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 1.0%
    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 $289,428
    Deposits held in domestic offices $289,428
    Deposits by Individuals, partnerships, and corporations $263,858
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,478
    Deposits by Commercial banks and other depository institutions in U.S. $91
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $136,235
    Demand deposits $57,433
    Nontransaction accounts $153,192
    Money market deposit accounts (MMDAs) $52,305
    Other savings deposits (excluding MMDAs) $68,178
    Total time deposits $32,708
    Total time and savings deposits $231,994
    Noninterest-bearing deposits $74,928
    Interest-bearing deposits $214,500
    Retail deposits $284,739
    IRAs and Keogh plan accounts $5,238
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $350,936
    Cash & Balances due from depository institutions $10,609
    Interest-bearing balances $2,247
    Total securities $129,263
    Federal funds sold & reverse repurchase $16,017
    Net loans and leases $175,043
    Loan and leases loss allowance $3,973
    Trading account assets $0
    Bank premises and fixed assets $2,319
    Other real estate owned $0
    Goodwill and other intangibles $2,669
    All other assets $15,016

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $350,936
    Total Liabilities $303,646
    Total deposits $289,428
    Interest-bearing deposits $214,500
    Deposits held in domestic offices $289,428
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $9,928
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,290

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,043
    Loan and leases loss allowance $3,973
    Total loans and leases (domestic) $179,016
    All real estate loans $97,471
    Real estate loans in domestic offices $97,471
    Construction and development loans $6,103
    Residential 1-4 family construction $327
    Other construction, all land development and other land $5,776
    Loans secured by nonfarm nonresidential properties $39,169
    Nonfarm nonresidential secured by owner-occupied properties $22,710
    Commercial real estate & other non-farm, non-residential $16,459
    Multifamily residential real estate $1,303
    1-4 family residential loans $16,965
    Farmland loans $33,931
    Loans held in foreign offices $0
    Farm loans $44,490
    Commercial and industrial loans $32,286
    To non-U.S. addressees $0
    Loans to individuals $1,978
    Credit card loans $0
    Related Plans $645
    Consumer Auto Loans $788
    Other loans to individuals $545
    All other loans & leases $2,791
    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 $932
    Non 1-4 family restructured loans & leases $875
    Total loans and leases (foreign) $0

    Alliance Bank had $175,043,000 of loans outstanding in 2020. $97,471,000 of loans were in real estate loans. $6,103,000 of loans were in development loans. $1,303,000 of loans were in multifamily mortgage loans. $16,965,000 of loans were in 1-4 family mortgage loans. $44,490,000 of loans were in farm loans. $0 of loans were in credit card loans. $788,000 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 91 $16,321 $179,352
    Nonfarm, nonresidential loans - <$100k 31 $890 $28,710
    Nonfarm, nonresidential loans - $100-250k 30 $3,094 $103,133
    Nonfarm, nonresidential loans - $250k-1MM 30 $12,337 $411,233
    Commercial & Industrial, US addressed loans - <$1MM 404 $21,504 $53,228
    Commercial & Industrial, US addressed loans - <$100k 309 $7,700 $24,919
    Commercial & Industrial, US addressed loans - $100-250k 77 $7,633 $99,130
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,171 $342,833
    Farmland loans - <$1MM 129 $17,304 $134,140
    Farmland loans - <$100k 38 $1,612 $42,421
    Farmland loans - $100-250k 58 $7,332 $126,414
    Farmland loans - $250k-1MM 33 $8,360 $253,333
    Agriculture operations loans - <$1MM 319 $31,589 $99,025
    Agriculture operations loans - <$100k 268 $17,701 $66,049
    Agriculture operations loans - $100-250k 36 $6,132 $170,333
    Agriculture operations loans - $250k-1MM 15 $7,756 $517,067