Allied First Banksb Mortgage Rates, Fees & Info

Oswego, IL

LEI: 549300XRF9LCZ3RX3Q39

Tax ID: 36-3899872

5 stars - out of 5 stars, based on 26 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Allied First Banksb is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Allied First Banksb has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Chicago, Punta Gorda, Baltimore, Cape Coral, and Detroit among others. Allied First Banksb has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Allied First Banksb is typically an average fee lendor.


Originations

666

Origination Dollar Volume (All Markets)

$170,060,000

Employee count

388 Show all (12) awards

Relative Rate

Allied First Banksb's average 30 year fixed rate mortgage of loans were 2.89%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.26%.

Relative Fees

Allied First Banksb's average total fees for a 30 year fixed rate mortgage are $4,220.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 431 $106,835,000 $247,877 $3,631 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 28 $7,800,000 $278,571 $4,436 2.74%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 14 $4,310,000 $307,857 $3,272 2.85%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 17 $4,005,000 $235,588 $3,883 2.80%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $3,725,000 $338,636 $3,189 2.81%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $3,410,000 $284,167 $3,444 2.60%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $3,285,000 $252,692 $4,938 2.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $2,570,000 $321,250 $3,489 2.76%
KANKAKEE, IL (FHA|USDA|VA) 13 $2,455,000 $188,846 $4,032 2.91%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,175,000 $310,714 $3,479 3.04%
Ottawa, IL (FHA|USDA|VA) 6 $1,450,000 $241,667 $4,878 2.65%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,255,000 $251,000 $2,475 2.53%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $1,185,000 $237,000 $4,182 2.80%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,180,000 $590,000 $3,433 2.87%
Outside of Metro Areas 6 $1,120,000 $186,667 $2,684 2.69%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,616 3.17%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $1,010,000 $505,000 $18,423 2.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $990,000 $247,500 $7,732 3.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $985,000 $328,333 $8,170 2.83%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $955,000 $318,333 $3,386 2.83%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $920,000 $460,000 $5,061 2.87%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $860,000 $430,000 $3,881 2.56%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $825,000 $825,000 $2,339 3.00%
Whitewater, WI (FHA|USDA|VA) 3 $755,000 $251,667 $2,816 3.08%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $740,000 $370,000 $7,737 2.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $650,000 $162,500 $2,431 2.88%
WILMINGTON, NC (FHA|USDA|VA) 2 $620,000 $310,000 $2,754 2.50%
MADISON, WI (FHA|USDA|VA) 1 $545,000 $545,000 $3,363 2.38%
BOISE CITY, ID (FHA|USDA|VA) 1 $525,000 $525,000 $4,216 2.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $520,000 $260,000 $3,433 3.19%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,744 2.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $440,000 $220,000 $3,737 2.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $1,762 2.50%
RACINE, WI (FHA|USDA|VA) 1 $415,000 $415,000 $1,986 2.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $400,000 $200,000 $3,638 2.81%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $365,000 $365,000 $3,384 2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $335,000 $335,000 $3,048 2.63%
TOLEDO, OH (FHA|USDA|VA) 1 $325,000 $325,000 $4,296 2.88%
RICHMOND, VA (FHA|USDA|VA) 1 $315,000 $315,000 $2,583 2.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,020 2.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $305,000 $305,000 $2,376 2.00%
VALLEJO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $2,518 2.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $275,000 $275,000 $3,459 3.38%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,390 2.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $275,000 $275,000 $7,925 3.13%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $270,000 $135,000 $1,634 2.56%
BISMARCK, ND (FHA|USDA|VA) 1 $265,000 $265,000 $5,713 2.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,220 2.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,979 2.50%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $255,000 $255,000 $3,044 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,739 3.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $245,000 $245,000 $3,519 2.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $225,000 $225,000 $2,122 2.13%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $215,000 $215,000 $9,504 7.38%
Sturgis, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,551 2.75%
Pontiac, IL (FHA|USDA|VA) 1 $205,000 $205,000 $2,565 2.63%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,609 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,742 2.63%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $195,000 $195,000 $1,770 2.38%
PITTSBURGH, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,695 3.38%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,027 2.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $185,000 $185,000 $2,894 2.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $2,962 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,795 2.63%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,168 3.00%
Helena, MT (FHA|USDA|VA) 1 $185,000 $185,000 $2,987 2.38%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,817 3.25%
CARSON CITY, NV (FHA|USDA|VA) 1 $165,000 $165,000 $2,934 2.50%
Warsaw, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,227 3.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,505 2.00%
Dixon, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,464 2.75%
COLUMBIA, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.00%
Rochelle, IL (FHA|USDA|VA) 2 $130,000 $65,000 $2,110 2.13%
JONESBORO, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $115,000 $115,000 $3,429 2.88%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,291 3.25%
PEORIA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,200 2.75%
Macomb, IL (FHA|USDA|VA) 1 $75,000 $75,000 $4,015 2.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,673 3.25%

Allied First Banksb's top markets include Chicago, Punta Gorda, Baltimore, Cape Coral, and Detroit among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 590 $150,020,000 $254,271 $3,194 2.78%
FHA 60 $14,270,000 $237,833 $7,924 2.76%
VA 16 $5,770,000 $360,625 $7,360 2.51%

For the 2021 period, Allied First Banksb's most frequently originated loan type of loans were Conventional, with 590 originations. Their 2nd most popular type is FHA, with 60 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 342 $83,220,000 $243,333 $2,775 2.61%
Home Purchase 192 $51,270,000 $267,031 $5,743 2.95%
Cash Out Refi 132 $35,570,000 $269,470 $3,185 2.95%

For the 2021, Allied First Banksb's most frequently cited loan purpose of loans were Refi, with 342 originations. The 2nd most popular reason of loans were Home Purchase, with 192 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 493 $131,605,000 $266,947 $4,220 2.89%
15 Year 108 $23,330,000 $216,019 $2,345 2.33%
20 Year 37 $8,615,000 $232,838 $2,414 2.67%
10 Year 16 $2,890,000 $180,625 $2,341 2.18%
Other 12 $3,620,000 $301,667 $2,336 3.05%

For the 2021, Allied First Banksb's most frequently cited loan length of loans were 30 Year, with 493 originations. The 2nd most popular length of loans were 15 Year, with 108 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 593 $148,935,000 $251,155
$<1k 23 $7,625,000 $331,522
$2k-3k 9 $2,725,000 $302,778
$5k+ 7 $2,565,000 $366,429
$3k-4k 5 $1,915,000 $383,000

$4,220 of loans were Allied First Banksb's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 593 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 348 $89,810,000 $258,075
<2.5% 201 $49,605,000 $246,791
3-4% 110 $28,080,000 $255,273
4-5% 3 $995,000 $331,667
6-7% 2 $1,140,000 $570,000
5-6% 1 $215,000 $215,000
7-8% 1 $215,000 $215,000

During 2021, Allied First Banksb's average interest rate of loans were 2.89%, while their most frequently originated rate bucket of loans were 2.5-3%, with 348 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 351 $98,125,000 $279,558 $3,959 2.80%
$100k-200k 227 $35,825,000 $157,819 $3,180 2.71%
$400k-600k 63 $29,625,000 $470,238 $4,229 2.79%
$100,000 or less 18 $1,410,000 $78,333 $2,795 2.74%
$600k-1MM 7 $5,075,000 $725,000 $8,873 3.29%

2021 saw Allied First Banksb place emphasis on $200k-400k loans with 351 originations, totaling $98,125,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 173 $46,685,000 $269,855 $3,671 2.78%
$75k-100k 141 $32,835,000 $232,872 $3,888 2.81%
$50k-75k 129 $25,525,000 $197,868 $3,788 2.78%
$150k-250k 127 $40,515,000 $319,016 $3,423 2.73%
$50k or less 59 $10,635,000 $180,254 $4,407 2.79%
$250k+ 27 $10,355,000 $383,519 $2,983 2.67%

Allied First Banksb lent most frequently to those with incomes in the $100k-150k range, with 173 originations. The second most popular income band? $75k-100k, with 141 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 161 $39,115,000 $242,950 $3,159 2.68%
30-36% 146 $37,660,000 $257,945 $3,722 2.76%
<20% 54 $13,490,000 $249,815 $2,723 2.55%
40% 33 $8,585,000 $260,152 $3,761 2.95%
37% 30 $7,710,000 $257,000 $4,085 2.85%
41% 26 $7,190,000 $276,538 $4,937 2.90%
44% 25 $6,735,000 $269,400 $4,476 2.82%
43% 23 $5,635,000 $245,000 $3,704 2.99%
39% 19 $5,645,000 $297,105 $3,858 2.85%
38% 18 $4,140,000 $230,000 $3,748 2.79%
42% 15 $3,875,000 $258,333 $3,748 2.83%
36% 15 $3,525,000 $235,000 $5,401 3.18%
45% 15 $4,395,000 $293,000 $3,963 2.77%
47% 15 $3,635,000 $242,333 $4,170 3.02%
48% 15 $4,395,000 $293,000 $3,281 2.77%
46% 14 $3,530,000 $252,143 $3,160 2.92%
49% 13 $2,965,000 $228,077 $5,328 2.85%
50-60% 10 $2,540,000 $254,000 $7,428 2.75%
>60% 1 $125,000 $125,000 $4,513 2.88%

Allied First Banksb lent most frequently to those with DTI ratios of 20-30%, with 161 originations. The next most common DTI ratio? 30-36%, with 146 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 564 $144,160,000 $255,603 $3,714 2.77%
Not provided 36 $9,010,000 $250,278 $3,719 2.86%
Black 34 $8,470,000 $249,118 $4,701 2.90%
Asian 32 $8,420,000 $263,125 $3,246 2.65%

Approval Rates

Total approvals of all applications
96.25%

Allied First Banksb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
79.48%

Allied First Banksb has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 666 $170,060,000 $255,345

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
666 $170,060,000 $255,345

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 25 $3,355,000 $134,200 $2,326 2.43%
40-60% 103 $23,335,000 $226,553 $2,541 2.63%
60-80% 299 $78,825,000 $263,629 $2,934 2.77%
80-100% 236 $63,680,000 $269,831 $5,234 2.88%
Over 100% 3 $865,000 $288,333 $11,137 2.58%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Allied First Bank,sb 3201 Orchard Rd Oswego, IL 60543 Full Service B&M $130,161

For 2021, Allied First Banksb had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $3,934
Net interest income $3,338
Total noninterest income $114,025
Gross Fiduciary activities income $0
Service charges on deposit accounts $53
Trading account gains and fees $0
Additional Noninterest Income $113,972
Pre-tax net operating income $7,518
Securities gains (or losses, -) $0
Income before extraordinary items $5,399
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,399
Minority interest net income $0
Net income $5,399
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,399

Allied First Banksb's gross interest income from loans was $3,934,000.
Allied First Banksb's net interest income from loans was $3,338,000.
Allied First Banksb's fee based income from loans was $53,000.
Allied First Banksb's net income from loans was $5,399,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $596
Provision for credit losses $150
Total noninterest expense $109,695
Salaries and employee benefits $75,927
Premises and equipment expense $1,489
Additional noninterest expense $32,279
Applicable income taxes $2,119
Net charge-offs $-32
Cash dividends $0

Allied First Banksb's interest expense for loans was $596,000.
Allied First Banksb's payroll and benefits expense were $75,927,000.
Allied First Banksb's property, plant and equipment expenses $1,489,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 0.0%
All other family 1.0%
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 $136,995
Deposits held in domestic offices $136,995
Deposits by Individuals, partnerships, and corporations $116,914
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $5,860
Deposits by Commercial banks and other depository institutions in U.S. $14,221
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $52,066
Demand deposits $41,805
Nontransaction accounts $84,929
Money market deposit accounts (MMDAs) $31,119
Other savings deposits (excluding MMDAs) $20,139
Total time deposits $33,671
Total time and savings deposits $95,190
Noninterest-bearing deposits $42,041
Interest-bearing deposits $94,954
Retail deposits $129,880
IRAs and Keogh plan accounts $2,968
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $167,115
Cash & Balances due from depository institutions $81,686
Interest-bearing balances $12,202
Total securities $6,239
Federal funds sold & reverse repurchase $0
Net loans and leases $68,469
Loan and leases loss allowance $1,296
Trading account assets $0
Bank premises and fixed assets $7,478
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $3,243

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $167,115
Total Liabilities $143,692
Total deposits $136,995
Interest-bearing deposits $94,954
Deposits held in domestic offices $136,995
% insured (estimated) $84
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $1,697

Issued Loan Types

Type Value (in 000's)
Net loans and leases $68,469
Loan and leases loss allowance $1,296
Total loans and leases (domestic) $69,765
All real estate loans $58,628
Real estate loans in domestic offices $58,628
Construction and development loans $0
Residential 1-4 family construction $0
Other construction, all land development and other land $0
Loans secured by nonfarm nonresidential properties $7,942
Nonfarm nonresidential secured by owner-occupied properties $3,426
Commercial real estate & other non-farm, non-residential $4,516
Multifamily residential real estate $0
1-4 family residential loans $50,686
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $9,374
To non-U.S. addressees $0
Loans to individuals $1,762
Credit card loans $0
Related Plans $0
Consumer Auto Loans $1,154
Other loans to individuals $608
All other loans & leases $0
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 $2,018
Non 1-4 family restructured loans & leases $962
Total loans and leases (foreign) $0

Allied First Banksb had $68,469,000 of loans outstanding in 2021. $58,628,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $50,686,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,154,000 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 27 $7,942 $294,148
Nonfarm, nonresidential loans - <$100k 3 $217 $72,333
Nonfarm, nonresidential loans - $100-250k 15 $2,057 $137,133
Nonfarm, nonresidential loans - $250k-1MM 9 $5,668 $629,778
Commercial & Industrial, US addressed loans - <$1MM 109 $9,374 $86,000
Commercial & Industrial, US addressed loans - <$100k 76 $1,669 $21,961
Commercial & Industrial, US addressed loans - $100-250k 13 $1,502 $115,538
Commercial & Industrial, US addressed loans - $250k-1MM 20 $6,203 $310,150