What are Alliance Bancorp Of Pennsylvania's Business Segments?
Contractual Maturities. The following table sets forth the scheduled contractual
maturities of the Company's loans receivable at December 31, 2014. Demand loans,
loans having no stated schedule of repayments and no stated maturity, and overdraft
loans are reported as due in one year or less. Adjustable-rate loans are reported
on a contractual basis rather than on a repricing basis. The amounts shown for
each period do not take into account loan prepayments and normal amortization
of the Company's loan portfolio.
Single-Family Residential Real Estate Loans. The Company originates residential
loans secured primarily by first mortgage liens on existing single-family residences.
The Company also originates shorter term home equity loans which may be secured
by first or second mortgages.
Multi-Family Residential and Commercial Real Estate Loans. The Company originates
and, to a lesser extent, purchases mortgage loans for the acquisition and refinancing
of existing multi-family residential and commercial real estate properties.
Construction Loans. The Company also originates residential and commercial
construction loans, and to a limited degree, land acquisition and development
loans. Construction loans are classified as either residential construction
loans or commercial real estate construction loans at the time of origination,
depending on the nature of the property securing the loan. The Company's construction
lending activities generally are limited to the Company's primary market area.
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