Banktennessee Mortgage Rates, Fees & Info

Collierville, TN

LEI: 549300095ABBENNWE160

Tax ID: 62-0201130

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Banktennessee is a smaller bank specializing in Home Purchase and Refi loans. Banktennessee has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Memphis, Clarksville, Daphne, and Chattanooga among others. We have data for 9 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    92

    Origination Dollar Volume (All Markets)

    $17,140,000

    Employee count

    77

    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) 20 $7,240,000 $362,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 41 $6,815,000 $166,220 $0 0.00%
    Outside of Metro Areas 22 $1,500,000 $68,182 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    JACKSON, TN (FHA|USDA|VA) 3 $135,000 $45,000 $0 0.00%
    Brownsville, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Banktennessee's top markets include Nashville, Memphis, Clarksville, Daphne, and Chattanooga among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 92 $17,140,000 $186,304 $0 0.00%

    For 2020, Banktennessee's most frequently originated type of loan was Conventional, with 92 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $9,360,000 $212,727 $0 0.00%
    Refi 44 $7,680,000 $174,545 $0 0.00%
    Home Improvement 4 $100,000 $25,000 $0 0.00%

    For 2020, Banktennessee's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 92 $17,140,000 $186,304 $0 0.00%

    For 2020, Banktennessee's most frequently cited loan duration was Other, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,230,000 $55,750 $0 0.00%
    $100k-200k 29 $3,845,000 $132,586 $0 0.00%
    $200k-400k 14 $4,130,000 $295,000 $0 0.00%
    $400k-600k 5 $2,425,000 $485,000 $0 0.00%
    $1MM+ 2 $3,300,000 $1,650,000 $0 0.00%
    $600k-1MM 2 $1,210,000 $605,000 $0 0.00%

    2020 saw Banktennessee place emphasis on $100,000 or less loans with 40 originations, totaling $2,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $1,180,000 $98,333 $0 0.00%
    $100k-150k 11 $1,355,000 $123,182 $0 0.00%
    $150k-250k 9 $1,265,000 $140,556 $0 0.00%
    $250k+ 8 $4,360,000 $545,000 $0 0.00%
    $50k or less 7 $345,000 $49,286 $0 0.00%
    $75k-100k 7 $815,000 $116,429 $0 0.00%

    Banktennessee lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 92 $17,140,000 $186,304 $0 0.00%

    Banktennessee lent most frequently to those with DTI ratios of Exempt%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 37 $7,345,000 $198,514 $0 0.00%
    White 39 $7,255,000 $186,026 $0 0.00%
    Not provided 3 $1,765,000 $588,333 $0 0.00%
    Black 13 $775,000 $59,615 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.23%

    Banktennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.96%

    Banktennessee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 92 $17,140,000 $186,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $235,000 $235,000
    Multifamily:Site-Built 3 $855,000 $285,000
    Single Family (1-4 Units):Manufactured 3 $245,000 $81,667
    Single Family (1-4 Units):Site-Built 85 $15,805,000 $185,941

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Banktennessee 100 East Mulberry Street Collierville, TN 38017 Full Service B&M $13,015
    Banktennessee 1125 West Poplar Ave Collierville, TN 38017 Full Service B&M $79,348
    Banktennessee 26 Munford Avenue Munford, TN 38058 Full Service B&M $16,123
    Banktennessee 2915 Forest Hill Irene Germantown, TN 38139 Full Service B&M $37,836
    Banktennessee 30 N Second Memphis, TN 38103 Full Service B&M $54,189
    Banktennessee 312 Cleveland Street Ripley, TN 38063 Full Service B&M $28,205
    Banktennessee 355 South Hartman Drive Lebanon, TN 37087 Full Service Retail $45,392
    Banktennessee 5540 Poplar Ave Memphis, TN 38119 Full Service B&M $34,856
    Banktennessee 936 Upper Ferry Road Carthage, TN 37030 Full Service B&M $7,472

    For 2020, Banktennessee had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,648
    Net interest income $12,908
    Total noninterest income $1,334
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $371
    Trading account gains and fees $0
    Additional Noninterest Income $963
    Pre-tax net operating income $2,463
    Securities gains (or losses, -) $3
    Income before extraordinary items $2,317
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,317
    Minority interest net income $0
    Net income $2,317
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,314

    Banktennessee's gross interest income from loans was $15,648,000.
    Banktennessee's net interest income from loans was $12,908,000.
    Banktennessee's fee based income from loans was $371,000.
    Banktennessee's net income from loans was $2,317,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,740
    Provision for credit losses $1,667
    Total noninterest expense $10,112
    Salaries and employee benefits $5,879
    Premises and equipment expense $1,382
    Additional noninterest expense $2,851
    Applicable income taxes $149
    Net charge-offs $260
    Cash dividends $1,252

    Banktennessee's interest expense for loans was $2,740,000.
    Banktennessee's payroll and benefits expense were $5,879,000.
    Banktennessee's property, plant and equipment expenses $1,382,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $349,007
    Deposits held in domestic offices $349,007
    Deposits by Individuals, partnerships, and corporations $338,093
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,919
    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 $142,292
    Demand deposits $71,985
    Nontransaction accounts $206,715
    Money market deposit accounts (MMDAs) $95,510
    Other savings deposits (excluding MMDAs) $19,821
    Total time deposits $91,384
    Total time and savings deposits $277,022
    Noninterest-bearing deposits $72,354
    Interest-bearing deposits $276,653
    Retail deposits $327,420
    IRAs and Keogh plan accounts $5,889
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $385,469
    Cash & Balances due from depository institutions $32,935
    Interest-bearing balances $28,560
    Total securities $20,321
    Federal funds sold & reverse repurchase $6,115
    Net loans and leases $298,147
    Loan and leases loss allowance $4,216
    Trading account assets $0
    Bank premises and fixed assets $11,472
    Other real estate owned $0
    Goodwill and other intangibles $3,148
    All other assets $13,331

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $385,469
    Total Liabilities $350,083
    Total deposits $349,007
    Interest-bearing deposits $276,653
    Deposits held in domestic offices $349,007
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,076

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $298,147
    Loan and leases loss allowance $4,216
    Total loans and leases (domestic) $302,363
    All real estate loans $242,768
    Real estate loans in domestic offices $242,768
    Construction and development loans $36,939
    Residential 1-4 family construction $22,635
    Other construction, all land development and other land $14,304
    Loans secured by nonfarm nonresidential properties $72,268
    Nonfarm nonresidential secured by owner-occupied properties $25,367
    Commercial real estate & other non-farm, non-residential $46,901
    Multifamily residential real estate $1,730
    1-4 family residential loans $124,581
    Farmland loans $7,250
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $48,720
    To non-U.S. addressees $0
    Loans to individuals $8,300
    Credit card loans $0
    Related Plans $1,237
    Consumer Auto Loans $2,247
    Other loans to individuals $4,816
    All other loans & leases $2,575
    Loans to foreign governments and official institutions $0
    Other loans $540
    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 $2,188
    Non 1-4 family restructured loans & leases $2,188
    Total loans and leases (foreign) $0

    BankTennessee had $298,147,000 of loans outstanding in 2020. $242,768,000 of loans were in real estate loans. $36,939,000 of loans were in development loans. $1,730,000 of loans were in multifamily mortgage loans. $124,581,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,247,000 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 146 $39,150 $268,151
    Nonfarm, nonresidential loans - <$100k 30 $1,415 $47,167
    Nonfarm, nonresidential loans - $100-250k 34 $4,570 $134,412
    Nonfarm, nonresidential loans - $250k-1MM 82 $33,165 $404,451
    Commercial & Industrial, US addressed loans - <$1MM 543 $31,740 $58,453
    Commercial & Industrial, US addressed loans - <$100k 422 $9,140 $21,659
    Commercial & Industrial, US addressed loans - $100-250k 62 $6,264 $101,032
    Commercial & Industrial, US addressed loans - $250k-1MM 59 $16,336 $276,881
    Farmland loans - <$1MM 27 $3,824 $141,630
    Farmland loans - <$100k 13 $578 $44,462
    Farmland loans - $100-250k 8 $1,045 $130,625
    Farmland loans - $250k-1MM 6 $2,201 $366,833