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, Refi, and Home Purchase loans. Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Lafayette, Indianapolis, Warsaw, and Logansport among others. We have data for 6 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 an 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

    103

    Origination Dollar Volume (All Markets)

    $16,235,000

    Employee count

    67

    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 46 $7,260,000 $157,826 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 30 $4,720,000 $157,333 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 21 $3,245,000 $154,524 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $735,000 $245,000 $0 0.00%
    Warsaw, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Logansport, IN (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    Alliance Bank's top markets include Chicago, Lafayette, Indianapolis, Warsaw, and Logansport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $16,235,000 $157,621 $0 0.00%

    For 2021, Alliance Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 48 $7,380,000 $153,750 $0 0.00%
    Refi 29 $4,575,000 $157,759 $0 0.00%
    Home Purchase 26 $4,280,000 $164,615 $0 0.00%

    For 2021, Alliance Bank's most frequently cited loan purpose was Cash Out Refi, with 48 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $16,235,000 $157,621 $0 0.00%

    For 2021, Alliance Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 50 $7,370,000 $147,400 $0 0.00%
    $100,000 or less 29 $2,075,000 $71,552 $0 0.00%
    $200k-400k 22 $5,910,000 $268,636 $0 0.00%
    $400k-600k 2 $880,000 $440,000 $0 0.00%

    2021 saw Alliance Bank place emphasis on $100k-200k loans with 50 originations, totaling $7,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $2,695,000 $99,815 $0 0.00%
    $50k-75k 23 $3,305,000 $143,696 $0 0.00%
    $75k-100k 16 $2,630,000 $164,375 $0 0.00%
    $100k-150k 15 $2,525,000 $168,333 $0 0.00%
    $150k-250k 14 $3,310,000 $236,429 $0 0.00%
    $250k+ 5 $1,175,000 $235,000 $0 0.00%

    Alliance Bank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $16,235,000 $157,621 $0 0.00%

    Alliance Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $14,895,000 $160,161 $0 0.00%
    Not provided 10 $1,340,000 $134,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.81%

    Alliance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.29%

    Alliance Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $16,235,000 $157,621

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    103 $16,235,000 $157,621

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Alliance Data Card Services Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Alliance Data Card Services Other type of mortgage Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Alliance Bank 100 South Justus Street Oxford, IN 47971 Full Service B&M $30,868
    Alliance Bank 101 West Montgomery Street Francesville, IN 47946 Full Service B&M $79,957
    Alliance Bank 209 Rickey Road Monticello, IN 47960 Full Service B&M $42,926
    Alliance Bank 319 North Market Street Monon, IN 47959 Full Service B&M $21,869
    Alliance Bank 408 North Meadow Street Otterbein, IN 47970 Full Service B&M $29,931
    Alliance Bank 501 South College Avenue Rensselaer, IN 47978 Full Service B&M $62,604
    Alliance Bank 510 North Us Highway 35 Winamac, IN 46996 Full Service B&M $48,632

    For 2021, Alliance Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,292
    Net interest income $10,871
    Total noninterest income $2,021
    Gross Fiduciary activities income $23
    Service charges on deposit accounts $463
    Trading account gains and fees $0
    Additional Noninterest Income $1,535
    Pre-tax net operating income $5,072
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,072
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,072
    Minority interest net income $0
    Net income $5,072
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,072

    Alliance Bank's gross interest income from loans was $11,292,000.
    Alliance Bank's net interest income from loans was $10,871,000.
    Alliance Bank's fee based income from loans was $463,000.
    Alliance Bank's net income from loans was $5,072,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $421
    Provision for credit losses $0
    Total noninterest expense $7,820
    Salaries and employee benefits $4,667
    Premises and equipment expense $651
    Additional noninterest expense $2,502
    Applicable income taxes $0
    Net charge-offs $3
    Cash dividends $2,875

    Alliance Bank's interest expense for loans was $421,000.
    Alliance Bank's payroll and benefits expense were $4,667,000.
    Alliance Bank's property, plant and equipment expenses $651,000.

    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 0.0%
    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 $324,649
    Deposits held in domestic offices $324,649
    Deposits by Individuals, partnerships, and corporations $296,763
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $27,886
    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 $154,365
    Demand deposits $66,344
    Nontransaction accounts $170,284
    Money market deposit accounts (MMDAs) $65,122
    Other savings deposits (excluding MMDAs) $74,765
    Total time deposits $30,397
    Total time and savings deposits $258,305
    Noninterest-bearing deposits $82,736
    Interest-bearing deposits $241,913
    Retail deposits $321,604
    IRAs and Keogh plan accounts $5,436
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $390,346
    Cash & Balances due from depository institutions $14,151
    Interest-bearing balances $1,998
    Total securities $170,798
    Federal funds sold & reverse repurchase $19,018
    Net loans and leases $165,504
    Loan and leases loss allowance $3,970
    Trading account assets $0
    Bank premises and fixed assets $2,702
    Other real estate owned $0
    Goodwill and other intangibles $2,700
    All other assets $15,473

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $390,346
    Total Liabilities $342,820
    Total deposits $324,649
    Interest-bearing deposits $241,913
    Deposits held in domestic offices $324,649
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $13,654
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,517

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $165,504
    Loan and leases loss allowance $3,970
    Total loans and leases (domestic) $169,474
    All real estate loans $99,246
    Real estate loans in domestic offices $99,246
    Construction and development loans $1,803
    Residential 1-4 family construction $340
    Other construction, all land development and other land $1,463
    Loans secured by nonfarm nonresidential properties $47,877
    Nonfarm nonresidential secured by owner-occupied properties $24,660
    Commercial real estate & other non-farm, non-residential $23,217
    Multifamily residential real estate $1,188
    1-4 family residential loans $16,523
    Farmland loans $31,855
    Loans held in foreign offices $0
    Farm loans $40,741
    Commercial and industrial loans $25,910
    To non-U.S. addressees $0
    Loans to individuals $1,201
    Credit card loans $0
    Related Plans $80
    Consumer Auto Loans $806
    Other loans to individuals $315
    All other loans & leases $2,376
    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 $1,315
    Non 1-4 family restructured loans & leases $1,258
    Total loans and leases (foreign) $0

    Alliance Bank had $165,504,000 of loans outstanding in 2021. $99,246,000 of loans were in real estate loans. $1,803,000 of loans were in development loans. $1,188,000 of loans were in multifamily mortgage loans. $16,523,000 of loans were in 1-4 family mortgage loans. $40,741,000 of loans were in farm loans. $0 of loans were in credit card loans. $806,000 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 94 $17,153 $182,479
    Nonfarm, nonresidential loans - <$100k 31 $1,023 $33,000
    Nonfarm, nonresidential loans - $100-250k 31 $3,357 $108,290
    Nonfarm, nonresidential loans - $250k-1MM 32 $12,773 $399,156
    Commercial & Industrial, US addressed loans - <$1MM 305 $19,541 $64,069
    Commercial & Industrial, US addressed loans - <$100k 199 $4,614 $23,186
    Commercial & Industrial, US addressed loans - $100-250k 88 $8,677 $98,602
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,250 $347,222
    Farmland loans - <$1MM 116 $15,107 $130,233
    Farmland loans - <$100k 36 $1,606 $44,611
    Farmland loans - $100-250k 52 $6,067 $116,673
    Farmland loans - $250k-1MM 28 $7,434 $265,500
    Agriculture operations loans - <$1MM 278 $29,630 $106,583
    Agriculture operations loans - <$100k 228 $17,228 $75,561
    Agriculture operations loans - $100-250k 34 $5,120 $150,588
    Agriculture operations loans - $250k-1MM 16 $7,282 $455,125