Banktennessee Mortgage Rates, Fees & Info

Collierville, TN

LEI: 549300095ABBENNWE160

Tax ID: 62-0201130

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Mortgage Data

Bank Data

Review & Overview

Banktennessee is a smaller bank specializing in Refi and Home Purchase loans. Banktennessee has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Memphis, Knoxville, Gulfport, and Daphne among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Banktennessee has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

122

Origination Dollar Volume (All Markets)

$16,710,000

Employee count

75

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 28 $6,000,000 $214,286 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 43 $5,435,000 $126,395 $0 0.00%
Outside of Metro Areas 35 $1,805,000 $51,571 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
Starkville, MS (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
JACKSON, TN (FHA|USDA|VA) 4 $170,000 $42,500 $0 0.00%
Brownsville, TN (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Cookeville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Dyersburg, TN (FHA|USDA|VA) 2 $50,000 $25,000 $0 0.00%
Banktennessee's top markets include Nashville, Memphis, Knoxville, Gulfport, and Daphne among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $16,710,000 $136,967 $0 0.00%

    For 2019, Banktennessee's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 58 $8,320,000 $143,448 $0 0.00%
    Home Purchase 54 $8,000,000 $148,148 $0 0.00%
    Home Improvement 6 $260,000 $43,333 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%
    Cash Out Refi 1 $35,000 $35,000 $0 0.00%

    For 2019, Banktennessee's most frequently cited loan purpose was Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 122 $16,710,000 $136,967 $0 0.00%

    For 2019, Banktennessee's most frequently cited loan duration was Other, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $3,445,000 $47,192 $0 0.00%
    $100k-200k 29 $4,075,000 $140,517 $0 0.00%
    $200k-400k 14 $4,130,000 $295,000 $0 0.00%
    $400k-600k 4 $2,020,000 $505,000 $0 0.00%
    $1MM+ 2 $3,040,000 $1,520,000 $0 0.00%

    2019 saw Banktennessee place emphasis on $100,000 or less loans with 73 originations, totaling $3,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 24 $4,310,000 $179,583 $0 0.00%
    $100k-150k 17 $1,535,000 $90,294 $0 0.00%
    $50k or less 13 $595,000 $45,769 $0 0.00%
    $75k-100k 13 $1,205,000 $92,692 $0 0.00%
    $150k-250k 12 $2,000,000 $166,667 $0 0.00%
    $50k-75k 12 $700,000 $58,333 $0 0.00%

    Banktennessee lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 122 $16,710,000 $136,967 $0 0.00%

    Banktennessee lent most frequently to those with DTI ratios of Exempt%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $9,235,000 $126,507 $0 0.00%
    Not applicable 31 $6,365,000 $205,323 $0 0.00%
    Black 12 $450,000 $37,500 $0 0.00%
    Not provided 5 $385,000 $77,000 $0 0.00%
    Vietnamese 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.18%

    Banktennessee 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
    86.89%

    Banktennessee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 122 $16,710,000 $136,967

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $3,165,000 $1,055,000
    Single Family (1-4 Units):Manufactured 11 $555,000 $50,455
    Single Family (1-4 Units):Site-Built 108 $12,990,000 $120,278

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BankTennessee 100 West Mulberry Street Collierville, TN 38017 Full Service B&M $12,464
    BankTennessee 1125 West Poplar Ave Collierville, TN 38017 Full Service B&M $69,090
    BankTennessee 26 Munford Avenue Munford, TN 38058 Full Service B&M $14,065
    BankTennessee 2915 Forest Hill Irene Germantown, TN 38139 Full Service B&M $28,597
    BankTennessee 30 N Second Memphis, TN 38103 Full Service B&M $49,420
    BankTennessee 312 Cleveland Street Ripley, TN 38063 Full Service B&M $23,444
    BankTennessee 355 South Hartman Drive Lebanon, TN 37087 Full Service Retail $41,256
    BankTennessee 5540 Poplar Ave Memphis, TN 38119 Full Service B&M $31,569

    For 2019, Banktennessee had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,909
    Net interest income $12,155
    Total noninterest income $1,536
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $590
    Trading account gains and fees $0
    Additional Noninterest Income $946
    Pre-tax net operating income $4,345
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,074
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,074
    Minority interest net income $0
    Net income $4,074
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,074

    Banktennessee's gross interest income from loans was $14,909,000.
    Banktennessee's net interest income from loans was $12,155,000.
    Banktennessee's fee based income from loans was $590,000.
    Banktennessee's net income from loans was $4,074,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,754
    Provision for credit losses $0
    Total noninterest expense $9,346
    Salaries and employee benefits $5,407
    Premises and equipment expense $1,324
    Additional noninterest expense $2,615
    Applicable income taxes $271
    Net charge-offs $456
    Cash dividends $2,649

    Banktennessee's interest expense for loans was $2,754,000.
    Banktennessee's payroll and benefits expense were $5,407,000.
    Banktennessee's property, plant and equipment expenses $1,324,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 7.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $288,711
    Deposits held in domestic offices $288,711
    Deposits by Individuals, partnerships, and corporations $279,313
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,403
    Deposits by Commercial banks and other depository institutions in U.S. $995
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $110,535
    Demand deposits $51,223
    Nontransaction accounts $178,176
    Money market deposit accounts (MMDAs) $67,065
    Other savings deposits (excluding MMDAs) $12,692
    Total time deposits $98,419
    Total time and savings deposits $237,488
    Noninterest-bearing deposits $51,223
    Interest-bearing deposits $237,488
    Retail deposits $266,524
    IRAs and Keogh plan accounts $6,017
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $324,447
    Cash & Balances due from depository institutions $32,110
    Interest-bearing balances $25,450
    Total securities $16,074
    Federal funds sold & reverse repurchase $4,861
    Net loans and leases $243,715
    Loan and leases loss allowance $2,809
    Trading account assets $0
    Bank premises and fixed assets $11,666
    Other real estate owned $0
    Goodwill and other intangibles $3,148
    All other assets $12,873

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $324,447
    Total Liabilities $290,405
    Total deposits $288,711
    Interest-bearing deposits $237,488
    Deposits held in domestic offices $288,711
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,694

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $243,715
    Loan and leases loss allowance $2,809
    Total loans and leases (domestic) $246,524
    All real estate loans $197,468
    Real estate loans in domestic offices $197,468
    Construction and development loans $32,457
    Residential 1-4 family construction $20,589
    Other construction, all land development and other land $11,868
    Loans secured by nonfarm nonresidential properties $67,596
    Nonfarm nonresidential secured by owner-occupied properties $23,370
    Commercial real estate & other non-farm, non-residential $44,226
    Multifamily residential real estate $2,891
    1-4 family residential loans $89,975
    Farmland loans $4,549
    Loans held in foreign offices $0
    Farm loans $1,195
    Commercial and industrial loans $36,511
    To non-U.S. addressees $0
    Loans to individuals $8,597
    Credit card loans $0
    Related Plans $885
    Consumer Auto Loans $1,997
    Other loans to individuals $5,715
    All other loans & leases $2,753
    Loans to foreign governments and official institutions $0
    Other loans $589
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BankTennessee had $243,715,000 of loans outstanding in 2019. $197,468,000 of loans were in real estate loans. $32,457,000 of loans were in development loans. $2,891,000 of loans were in multifamily mortgage loans. $89,975,000 of loans were in 1-4 family mortgage loans. $1,195,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,997,000 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 144 $35,617 $247,340
    Nonfarm, nonresidential loans - <$100k 33 $1,595 $48,333
    Nonfarm, nonresidential loans - $100-250k 41 $5,528 $134,829
    Nonfarm, nonresidential loans - $250k-1MM 70 $28,494 $407,057
    Commercial & Industrial, US addressed loans - <$1MM 390 $23,817 $61,069
    Commercial & Industrial, US addressed loans - <$100k 306 $6,530 $21,340
    Commercial & Industrial, US addressed loans - $100-250k 38 $3,943 $103,763
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $13,344 $290,087
    Farmland loans - <$1MM 32 $3,689 $115,281
    Farmland loans - <$100k 17 $781 $45,941
    Farmland loans - $100-250k 11 $1,306 $118,727
    Farmland loans - $250k-1MM 4 $1,602 $400,500