From The Desk of the CEO -Winter 2017
From The Desk of the CEO
Winter 2017
“Just open the door…”
By far the best we grow our bank is from customer and shareholder referrals. I was reminded of that recently when one of our directors referred us to one of his business partners to talk about doing some banking business with us. We quickly set up a casual lunch meeting and made a new personal connection for us. That’s all it takes. Just open the door in any way you feel comfortable and our staff will find the right match for that person and take it from there.
Special Shareholder Mortgage Rates As Low As 3.25%
By discounting our fee by 25%, the bank is currently offering shareholders mortgage rates as low as 3.25% fixed for 15 years. This applies to new purchases or refinances.
Does Your Business Accept Credit and Debit Cards?
Below you will find information about these services we offer. We have partnered with an excellent vendor who is the best I have experienced. In nearly every circumstance that they have been able to do the analysis of the program in place they have come up with ways to save our customers money. .
We Need Deposits!
Over the past 12 months ended in the third quarter 9/30/17, our bank’s 26% loan growth led our market by far. Deposit growth of 16% did as well but did not keep pace with loans. So, we need your help. We’re paying some of the most competitive rates around and deposits fuel our growth. If you control any deposit accounts or certificates of deposit that are not at your bank, please consider moving them to Alliance.
Financial Update
While we are in the growth stage of our strategic plan, a telling measure of performance is the trend in month over month earnings from normal operations, namely net income adjusted for non-recurring items.
For the one month of October this adjusted net income is up from $95M to $164M, or 72%, compared to the same month last year. Year to date net income adjusted accordingly is up from $787M to $1,099M, or
40%. This increase in profitability over the last 12 months is being driven by the 26% increase in loans and 16% increase in deposits, while overhead grew only 7%. Assets are up 18%. For comparison, using 9/30/17
peer data, our Texas peer banks’ loan growth averaged 9%, deposits 10% and assets 9%. Growth in expenses are primarily related to our growth initiatives over these past 12 months, including the hiring of additional
loan officers, adding a branch, and increased advertising and marketing costs.
Partner. Serve. Perform.
That is our mission statement and commitment to each other as staff and to you as a shareholder. In the financial performance section of this newsletter you will see that the financial performance piece is really gaining momentum. And, we can do more, together. Our investment is one we can impact by doing business with the bank and each other. Please think about ways you can do more business with your bank and refer us to others as well. Please call on me anytime if I or others of our management team can be of assistance.
If we have some of your business but not all, what can we do to move those accounts or refinance those loans? If we have all of your business, we would be honored to have you refer us to a friend or relative.
Todd Moore
President & CEO
Cell Phone: 254.722.2300
| Merchant Services: | Click here to read more. |
| New Products and Services: | Click here to read more. |
| Social Media: | Click here to read more. |
Merchant Services
Alliance Bank Central Texas offers merchant services (the acceptance of debit / credit cards) for all business customers. Our turnkey solution is simple and fast - regardless of the industry. Looking for a complete point of sale system or a "square" solution for your mobile device? We can do both! No pressure, no sales pitch - just honest answers. If we can't lower your cost, we will tell you.
Call Lety Coronado at 254.741.8000 and get started today!
New Products and Services
Alliance Bank Central Texas continues to add new products and services - such as Simple Checking.
Free ATM Network:
Alliance Bank Central Texas customers can use their ATM (debit card) for free at any ATM located in a Frost Bank location. Want to see a list of participating ATMs?- Click Here
Customers can also find participating ATMs in the mobile banking application. The screen on the right is a sample of available free Frost ATMS in the Austin area using iPhones locator service.
Credit Card Loan Payments:
Alliance Bank Central Texas customers can now use a MasterCard, Visa or Discover to make their loan payments for added convenience.
Debit Card Alerts:
Alliance Bank Central Texas customers can now receive text alerts notify them of charges on their debit cards. This new feature will reduce fraudulent transactions and offer a better customer service experience. Want to sign up? - Click Here
For more information on these, or other services, please contact our Customer Service Department at 254.741.8000.
Social Media
Alliance Bank Central Texas is on social media. This is the best way to stay current on the events at Your Bank! You can find us on Facebook, Twitter and Instagram - search for AllianceBKCenTx
About Alliance Bank Central Texas
Alliance Bank Central Texas is a community bank founded by a local board of directors, owned by a diverse group of over 200 shareholders, and operated by seasoned bankers, most of whom have spent their entire careers in Waco. In less than ten years it has seen assets grow from $35 million to over $250 million. The bank is focused on helping entrepreneurs, professionals and residents, and understands the condition of the local market. It feels real value is created through people connecting personally with their bankers, versus simply having transactions with a bank. Alliance Bank Central Texas provides a full range of financial services including business, personal and mortgage loans. It also provides a variety of deposit products and services including commercial, personal and certificates of deposits along with electronic banking, mobile deposit and cash management services.