Alliance Bank is headquartered in Sulphur Springs and is the 83rd largest bank in the state of Texas. It is also the 1,114st largest bank in the nation. It was established in 1927 and as of December of 2013, it had grown to 175 employees at 11 locations. Alliance Bank has a A health rating.
I recently opened the Freedom Checking in Greenville at the satellite office since it was open later the main branch in town closes early like in the old days 3:00pm. CSR explained the account what was needed and such I received everything Card,checks,online in record time(less1week) only thing I did not like was that the pin did not so I just called and asked CSR said I could pick my own just stop in a branch and they will change it. BTW pin came a week after the other things. Best thing I see with this account other than the intrest is free duplicate checks and the the Visa Debit Card cannot be imprinted it has no raised lettering or numbers at all. Bad from the blog is the rate has been falling from over 5% to the present 4.5%
We switched to Alliance when we moved to Sulphur Springs last year, our real estate broker recommended it as her mother is one of the managers. Our old bank, Frost Bank, a bank we really liked did not have an office remotely close. We had been with Frost for years when we kicked Bank of America to the curb after 20+.
Alliance's website had a LOT to be desired. Both my husband and I are very internet savvy and I created and manage three websites. Their bill pay is a real hassle as it does not let you know the funds are on hold, so it is impossible to keep an accurate balance. Frost's system was MUCH better.
The last straw was that our auto deposits to both our accounts did not show up on the date it was sent. I called Alliance and they said it had not been transferred yet. So I called PBGC where our checks are sent from. Both online AND when I talked to PBGC it was showing the ETF as completed. The funds suddenly appeared on my account after my conversation with Alliance.
The only positive comment I can say is that the one office person we dealt with most of the time was very nice and helpful. But the telephone reps are something else.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Alliance Bank had $2.82 million in non-current loans and owned real-estate with $59.05 million in equity and loan loss allowances on hand to cover it. This gives Alliance Bank a Texas Ratio of 4.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Alliance Bank decreased dramatically from 7.68% as of December 31, 2012 to 4.78% as of December 31, 2013, resulting in a positive change of 37.75%.This indicates that the balance sheet and financial strength for Alliance Bank has improved dramatically in recent periods.
In the past year, Alliance Bank has increased its total deposits by $20.37 million, resulting in 4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alliance Bank has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alliance Bank has $594.52 million in assets with $59.05 million in equity, resulting in a capitalization level of 9.93%, which is above average.
|FDIC Certificate #||11569|
|Assets and Liabilities|
|Equity Capital||$53.38 million|
|Loan Loss Allowance||$5.67 million|
|Unbacked Noncurrent Loans||$631,000|
|Real Estate Owned||$2.19 million|
|Historic Data - December 2012|
|Equity Capital||$54.92 million|
|Loan Loss Allowance||$5.94 million|
|Unbacked Noncurrent Loans||$631,000|
|Real Estate Owned||$4.59 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.32%|
|Return on Assets||1.11%|
|Return on Equity||12.09%|
|Interest Income||$19.73 million|
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