Profile: Allegiance Bancshares Inc (ABTX.OQ)
20 May 2019
Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts. The Website also provides online bill payment and electronic delivery of customer statements.
The Bank offers a range of commercial and retail lending services, including commercial loans, mortgage loans, home equity loans, personal loans and automobile loans. The Bank's residential real estate loans include the origination of one- to four-family residential mortgage loans (including home equity and home improvement loans and home equity lines of credit) collateralized by owner-occupied residential properties located in its market areas. As of December 31, 2016, the Bank's total loans were $1.89 billion.
The Bank's securities portfolio is classified as available for sale. The Bank's securities available for sale include the United States Government and agency securities, municipal securities, agency mortgage-backed pass-through securities and agency collateralized mortgage obligations. As of December 31, 2016, the carrying amount of investment securities totaled $316.5 million.
Sources of Funds
Deposits are the Bank's principal source of funds for use in lending and other general banking purposes. The Bank offers a range of deposit accounts having a range of interest rates and terms, including demand, savings, money market, and certificates and other time accounts. As of December 31, 2016, the Bank's total deposits were $1.87 billion.
Allegiance Bancshares Inc
8727 W Sam Houston Pkwy N
HOUSTON TX 77040-5167