Banktennessee Mortgage Rates, Fees & Info
Collierville, TNLEI: 549300095ABBENNWE160
Tax ID: 62-0201130
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Mortgage Data
Bank Data
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, Naples, Chattanooga, and Knoxville among others. We have data for 10 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
104Origination Dollar Volume (All Markets)
$29,360,000Employee count
81Top 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) | 27 | $12,905,000 | $477,963 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 50 | $9,470,000 | $189,400 | $0 | 0.00% |
| Outside of Metro Areas | 19 | $2,565,000 | $135,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,485,000 | $2,485,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Greenville, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 104 | $29,360,000 | $282,308 | $0 | 0.00% |
For 2021, Banktennessee's most frequently originated type of loan was Conventional, with 104 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 60 | $20,130,000 | $335,500 | $0 | 0.00% |
| Refi | 42 | $9,150,000 | $217,857 | $0 | 0.00% |
| Home Improvement | 2 | $80,000 | $40,000 | $0 | 0.00% |
For 2021, Banktennessee's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $29,360,000 | $282,308 | $0 | 0.00% |
For 2021, Banktennessee's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2021 saw Banktennessee place emphasis on $100,000 or less loans with 37 originations, totaling $2,315,000 in origination value.
Applicant Income
Banktennessee lent most frequently to those with incomes in the $250k+ 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% | 104 | $29,360,000 | $282,308 | $0 | 0.00% |
Banktennessee lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.43%
Banktennessee has an average approval rate.
Pick Rate
Approvals leading to origination76.92%
Banktennessee has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $29,360,000 | $282,308 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Banktennessee | 100 East Mulberry Street Collierville, TN 38017 | Full Service B&M | $13,646 |
| Banktennessee | 1125 West Poplar Ave Collierville, TN 38017 | Full Service B&M | $89,989 |
| Banktennessee | 26 Munford Avenue Munford, TN 38058 | Full Service B&M | $20,204 |
| Banktennessee | 2915 Forest Hill Irene Germantown, TN 38139 | Full Service B&M | $49,989 |
| Banktennessee | 30 N Second Memphis, TN 38103 | Full Service B&M | $59,380 |
| Banktennessee | 312 Cleveland Street Ripley, TN 38063 | Full Service B&M | $32,497 |
| Banktennessee | 355 South Hartman Drive Lebanon, TN 37087 | Full Service Retail | $60,985 |
| Banktennessee | 5540 Poplar Ave Memphis, TN 38119 | Full Service B&M | $40,654 |
| Banktennessee | 936 Upper Ferry Road Carthage, TN 37030 | Full Service B&M | $9,933 |
For 2021, Banktennessee had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $17,618 |
| Net interest income | $15,500 |
| Total noninterest income | $1,750 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $316 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,434 |
| Pre-tax net operating income | $6,233 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $5,851 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,851 |
| Minority interest net income | $0 |
| Net income | $5,851 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,851 |
Banktennessee's gross interest income from loans was $17,618,000.
Banktennessee's net interest income from loans was $15,500,000.
Banktennessee's fee based income from loans was $316,000.
Banktennessee's net income from loans was $5,851,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,118 |
| Provision for credit losses | $650 |
| Total noninterest expense | $10,367 |
| Salaries and employee benefits | $6,018 |
| Premises and equipment expense | $1,485 |
| Additional noninterest expense | $2,864 |
| Applicable income taxes | $382 |
| Net charge-offs | $-357 |
| Cash dividends | $3,168 |
Banktennessee's interest expense for loans was $2,118,000.
Banktennessee's payroll and benefits expense were $6,018,000.
Banktennessee's property, plant and equipment expenses $1,485,000.
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 | 1.0% |
| 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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $459,888 |
| Deposits held in domestic offices | $459,888 |
| Deposits by Individuals, partnerships, and corporations | $440,527 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $13,657 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,704 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $193,077 |
| Demand deposits | $104,360 |
| Nontransaction accounts | $266,811 |
| Money market deposit accounts (MMDAs) | $150,848 |
| Other savings deposits (excluding MMDAs) | $36,208 |
| Total time deposits | $79,755 |
| Total time and savings deposits | $355,528 |
| Noninterest-bearing deposits | $104,545 |
| Interest-bearing deposits | $355,343 |
| Retail deposits | $445,175 |
| IRAs and Keogh plan accounts | $5,524 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $514,808 |
| Cash & Balances due from depository institutions | $75,941 |
| Interest-bearing balances | $73,367 |
| Total securities | $20,417 |
| Federal funds sold & reverse repurchase | $5,511 |
| Net loans and leases | $384,398 |
| Loan and leases loss allowance | $5,223 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,331 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,148 |
| All other assets | $14,062 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $514,808 |
| Total Liabilities | $470,995 |
| Total deposits | $459,888 |
| Interest-bearing deposits | $355,343 |
| Deposits held in domestic offices | $459,888 |
| % insured (estimated) | $70 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,107 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $384,398 |
| Loan and leases loss allowance | $5,223 |
| Total loans and leases (domestic) | $389,621 |
| All real estate loans | $329,390 |
| Real estate loans in domestic offices | $329,390 |
| Construction and development loans | $56,782 |
| Residential 1-4 family construction | $29,360 |
| Other construction, all land development and other land | $27,422 |
| Loans secured by nonfarm nonresidential properties | $71,992 |
| Nonfarm nonresidential secured by owner-occupied properties | $27,816 |
| Commercial real estate & other non-farm, non-residential | $44,176 |
| Multifamily residential real estate | $2,878 |
| 1-4 family residential loans | $189,751 |
| Farmland loans | $7,987 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $45,186 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,329 |
| Credit card loans | $0 |
| Related Plans | $837 |
| Consumer Auto Loans | $2,561 |
| Other loans to individuals | $7,931 |
| All other loans & leases | $3,716 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,817 |
| 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 $384,398,000 of loans outstanding in 2021. $329,390,000 of loans were in real estate loans. $56,782,000 of loans were in development loans. $2,878,000 of loans were in multifamily mortgage loans. $189,751,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,561,000 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 | $39,521 | $270,692 |
| Nonfarm, nonresidential loans - <$100k | 30 | $1,248 | $41,600 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $4,491 | $132,088 |
| Nonfarm, nonresidential loans - $250k-1MM | 82 | $33,782 | $411,976 |
| Commercial & Industrial, US addressed loans - <$1MM | 434 | $22,142 | $51,018 |
| Commercial & Industrial, US addressed loans - <$100k | 334 | $6,798 | $20,353 |
| Commercial & Industrial, US addressed loans - $100-250k | 60 | $6,235 | $103,917 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 40 | $9,109 | $227,725 |
| Farmland loans - <$1MM | 28 | $4,374 | $156,214 |
| Farmland loans - <$100k | 11 | $509 | $46,273 |
| Farmland loans - $100-250k | 9 | $1,007 | $111,889 |
| Farmland loans - $250k-1MM | 8 | $2,858 | $357,250 |