Bank Of Bartlett Mortgage Rates, Fees & Info

Bartlett, TN

LEI: 5493001EXVWX6Q13MY44

Tax ID: 62-1072448

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

Bank Of Bartlett is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Bartlett has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Tupelo, and Oxford among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Bartlett has an 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

189

Origination Dollar Volume (All Markets)

$24,795,000

Employee count

101

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
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 186 $24,400,000 $131,183 $0 0.00%
Tupelo, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Outside of Metro Areas 1 $135,000 $135,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Bank Of Bartlett's top markets include Memphis, Tupelo, and Oxford among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $24,795,000 $131,190 $0 0.00%

    For 2019, Bank Of Bartlett's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 82 $11,140,000 $135,854 $0 0.00%
    Home Purchase 65 $11,545,000 $177,615 $0 0.00%
    Home Improvement 21 $965,000 $45,952 $0 0.00%
    Other 21 $1,145,000 $54,524 $0 0.00%

    For 2019, Bank Of Bartlett's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 189 $24,795,000 $131,190 $0 0.00%

    For 2019, Bank Of Bartlett's most frequently cited loan duration was Other, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $5,475,000 $55,303 $0 0.00%
    $100k-200k 50 $7,360,000 $147,200 $0 0.00%
    $200k-400k 32 $8,160,000 $255,000 $0 0.00%
    $400k-600k 7 $3,045,000 $435,000 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2019 saw Bank Of Bartlett place emphasis on $100,000 or less loans with 99 originations, totaling $5,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 39 $4,045,000 $103,718 $0 0.00%
    $50k or less 39 $3,525,000 $90,385 $0 0.00%
    $100k-150k 27 $3,335,000 $123,519 $0 0.00%
    $150k-250k 27 $4,975,000 $184,259 $0 0.00%
    $75k-100k 27 $3,525,000 $130,556 $0 0.00%
    $250k+ 12 $2,830,000 $235,833 $0 0.00%

    Bank Of Bartlett lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $50k or less, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 189 $24,795,000 $131,190 $0 0.00%

    Bank Of Bartlett lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $16,225,000 $129,800 $0 0.00%
    Black 29 $3,605,000 $124,310 $0 0.00%
    Not applicable 17 $2,535,000 $149,118 $0 0.00%
    Asian 14 $1,960,000 $140,000 $0 0.00%
    Asian Indian 1 $235,000 $235,000 $0 0.00%
    Not provided 3 $235,000 $78,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.39%

    Bank Of Bartlett has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.85%

    Bank Of Bartlett has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 189 $24,795,000 $131,190

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 189 $24,795,000 $131,190

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Bartlett 1020 West Popular Avenue Collierville, TN 38017 Full Service B&M $13,287
    Bank of Bartlett 1870 Kirby Parkway Germantown, TN 38138 Full Service B&M $44,294
    Bank of Bartlett 3196 Austin Peay Highway Memphis, TN 38128 Full Service B&M $24,596
    Bank of Bartlett 6281 Stage Road Bartlett, TN 38134 Full Service B&M $136,421
    Bank of Bartlett 678 North Germantown Parkway Cordova, TN 38018 Full Service B&M $26,747
    Bank of Bartlett 7984 U.S. Highway 64 Bartlett, TN 38133 Full Service B&M $47,513
    Bank of Bartlett 9915 Highway 64 Arlington, TN 38002 Full Service B&M $14,964

    For 2019, Bank Of Bartlett had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,271
    Net interest income $12,923
    Total noninterest income $5,799
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,152
    Trading account gains and fees $0
    Additional Noninterest Income $4,647
    Pre-tax net operating income $3,507
    Securities gains (or losses, -) $-28
    Income before extraordinary items $2,703
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,703
    Minority interest net income $0
    Net income $2,703
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,725

    Bank Of Bartlett's gross interest income from loans was $14,271,000.
    Bank Of Bartlett's net interest income from loans was $12,923,000.
    Bank Of Bartlett's fee based income from loans was $1,152,000.
    Bank Of Bartlett's net income from loans was $2,703,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,348
    Provision for credit losses $252
    Total noninterest expense $14,963
    Salaries and employee benefits $9,654
    Premises and equipment expense $1,091
    Additional noninterest expense $4,218
    Applicable income taxes $776
    Net charge-offs $170
    Cash dividends $2,340

    Bank Of Bartlett's interest expense for loans was $1,348,000.
    Bank Of Bartlett's payroll and benefits expense were $9,654,000.
    Bank Of Bartlett's property, plant and equipment expenses $1,091,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 16.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $315,140
    Deposits held in domestic offices $315,140
    Deposits by Individuals, partnerships, and corporations $313,873
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,267
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $113,053
    Demand deposits $113,053
    Nontransaction accounts $202,087
    Money market deposit accounts (MMDAs) $123,485
    Other savings deposits (excluding MMDAs) $31,112
    Total time deposits $47,490
    Total time and savings deposits $202,087
    Noninterest-bearing deposits $69,270
    Interest-bearing deposits $245,870
    Retail deposits $313,205
    IRAs and Keogh plan accounts $6,834
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $357,772
    Cash & Balances due from depository institutions $12,210
    Interest-bearing balances $9,098
    Total securities $69,213
    Federal funds sold & reverse repurchase $0
    Net loans and leases $239,246
    Loan and leases loss allowance $2,250
    Trading account assets $0
    Bank premises and fixed assets $7,551
    Other real estate owned $4,776
    Goodwill and other intangibles $0
    All other assets $24,776

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $357,772
    Total Liabilities $325,881
    Total deposits $315,140
    Interest-bearing deposits $245,870
    Deposits held in domestic offices $315,140
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $8,945
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,796

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $239,246
    Loan and leases loss allowance $2,250
    Total loans and leases (domestic) $241,496
    All real estate loans $208,449
    Real estate loans in domestic offices $208,449
    Construction and development loans $27,530
    Residential 1-4 family construction $12,345
    Other construction, all land development and other land $15,185
    Loans secured by nonfarm nonresidential properties $51,619
    Nonfarm nonresidential secured by owner-occupied properties $39,398
    Commercial real estate & other non-farm, non-residential $12,221
    Multifamily residential real estate $1,477
    1-4 family residential loans $127,823
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $22,136
    To non-U.S. addressees $0
    Loans to individuals $10,877
    Credit card loans $0
    Related Plans $7,026
    Consumer Auto Loans $1,857
    Other loans to individuals $1,994
    All other loans & leases $33
    Loans to foreign governments and official institutions $0
    Other loans $33
    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 $401
    Non 1-4 family restructured loans & leases $105
    Total loans and leases (foreign) $0

    Bank of Bartlett had $239,246,000 of loans outstanding in 2019. $208,449,000 of loans were in real estate loans. $27,530,000 of loans were in development loans. $1,477,000 of loans were in multifamily mortgage loans. $127,823,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,857,000 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 94 $25,398 $270,191
    Nonfarm, nonresidential loans - <$100k 16 $781 $48,813
    Nonfarm, nonresidential loans - $100-250k 31 $3,501 $112,935
    Nonfarm, nonresidential loans - $250k-1MM 47 $21,116 $449,277
    Commercial & Industrial, US addressed loans - <$1MM 199 $6,908 $34,714
    Commercial & Industrial, US addressed loans - <$100k 167 $2,209 $13,228
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,561 $97,563
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $3,138 $196,125