Bank Of Bartlett Mortgage Rates, Fees & Info

Bartlett, TN

LEI: 5493001EXVWX6Q13MY44

Tax ID: 62-1072448

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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, Dallas, Nashville, Los Angeles, and Roanoke among others. We have data for 6 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.

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    Originations

    214

    Origination Dollar Volume (All Markets)

    $34,930,000

    Employee count

    102

    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) 206 $33,240,000 $161,359 $0 0.00%
    Outside of Metro Areas 4 $830,000 $207,500 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Bank Of Bartlett's top markets include Memphis, Dallas, Nashville, Los Angeles, and Roanoke among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $34,930,000 $163,224 $0 0.00%

    For 2020, Bank Of Bartlett's most frequently originated type of loan was Conventional, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 124 $21,810,000 $175,887 $0 0.00%
    Home Purchase 68 $11,330,000 $166,618 $0 0.00%
    Other 14 $1,280,000 $91,429 $0 0.00%
    Home Improvement 8 $510,000 $63,750 $0 0.00%

    For 2020, Bank Of Bartlett's most frequently cited loan purpose was Refi, with 124 originations. The 2nd most popular reason was Home Purchase, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 214 $34,930,000 $163,224 $0 0.00%

    For 2020, Bank Of Bartlett's most frequently cited loan duration was Other, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 75 $10,605,000 $141,400 $0 0.00%
    $100,000 or less 74 $4,690,000 $63,378 $0 0.00%
    $200k-400k 56 $14,400,000 $257,143 $0 0.00%
    $600k-1MM 5 $3,375,000 $675,000 $0 0.00%
    $400k-600k 4 $1,860,000 $465,000 $0 0.00%

    2020 saw Bank Of Bartlett place emphasis on $100k-200k loans with 75 originations, totaling $10,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $7,685,000 $163,511 $0 0.00%
    $50k-75k 40 $4,840,000 $121,000 $0 0.00%
    $150k-250k 32 $6,650,000 $207,813 $0 0.00%
    $50k or less 30 $2,940,000 $98,000 $0 0.00%
    $75k-100k 28 $3,850,000 $137,500 $0 0.00%
    $250k+ 24 $6,180,000 $257,500 $0 0.00%

    Bank Of Bartlett lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $50k-75k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 214 $34,930,000 $163,224 $0 0.00%

    Bank Of Bartlett lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $22,885,000 $153,591 $0 0.00%
    Asian 34 $6,810,000 $200,294 $0 0.00%
    Not applicable 11 $2,415,000 $219,545 $0 0.00%
    Black 10 $1,410,000 $141,000 $0 0.00%
    Not provided 10 $1,410,000 $141,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.80%

    Bank Of Bartlett has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.23%

    Bank Of Bartlett has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 214 $34,930,000 $163,224

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $705,000 $705,000
    Single Family (1-4 Units):Site-Built 213 $34,225,000 $160,681

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Incorrect information on your report 1 3.8%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 6 23.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.8%

    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 $14,823
    Bank of Bartlett 1870 Kirby Parkway Germantown, TN 38138 Full Service B&M $63,096
    Bank of Bartlett 3196 Austin Peay Highway Memphis, TN 38128 Full Service B&M $33,147
    Bank of Bartlett 6281 Stage Road Bartlett, TN 38134 Full Service B&M $162,812
    Bank of Bartlett 678 North Germantown Parkway Cordova, TN 38018 Full Service B&M $35,772
    Bank of Bartlett 7984 U.S. Highway 64 Bartlett, TN 38133 Full Service B&M $53,453
    Bank of Bartlett 9915 Highway 64 Arlington, TN 38002 Full Service B&M $21,530

    For 2020, Bank Of Bartlett had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,098
    Net interest income $15,380
    Total noninterest income $7,583
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $971
    Trading account gains and fees $0
    Additional Noninterest Income $6,612
    Pre-tax net operating income $4,691
    Securities gains (or losses, -) $37
    Income before extraordinary items $3,836
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,836
    Minority interest net income $0
    Net income $3,836
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,806

    Bank Of Bartlett's gross interest income from loans was $16,098,000.
    Bank Of Bartlett's net interest income from loans was $15,380,000.
    Bank Of Bartlett's fee based income from loans was $971,000.
    Bank Of Bartlett's net income from loans was $3,836,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $718
    Provision for credit losses $1,040
    Total noninterest expense $17,232
    Salaries and employee benefits $12,106
    Premises and equipment expense $1,118
    Additional noninterest expense $4,008
    Applicable income taxes $892
    Net charge-offs $760
    Cash dividends $475

    Bank Of Bartlett's interest expense for loans was $718,000.
    Bank Of Bartlett's payroll and benefits expense were $12,106,000.
    Bank Of Bartlett's property, plant and equipment expenses $1,118,000.

    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 8.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $384,897
    Deposits held in domestic offices $384,897
    Deposits by Individuals, partnerships, and corporations $382,496
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,401
    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 $142,797
    Demand deposits $142,797
    Nontransaction accounts $242,100
    Money market deposit accounts (MMDAs) $164,754
    Other savings deposits (excluding MMDAs) $40,630
    Total time deposits $36,716
    Total time and savings deposits $242,100
    Noninterest-bearing deposits $105,614
    Interest-bearing deposits $279,283
    Retail deposits $383,972
    IRAs and Keogh plan accounts $6,168
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $436,016
    Cash & Balances due from depository institutions $41,766
    Interest-bearing balances $38,663
    Total securities $65,746
    Federal funds sold & reverse repurchase $0
    Net loans and leases $292,717
    Loan and leases loss allowance $2,548
    Trading account assets $0
    Bank premises and fixed assets $7,304
    Other real estate owned $5,011
    Goodwill and other intangibles $0
    All other assets $23,472

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $436,016
    Total Liabilities $399,359
    Total deposits $384,897
    Interest-bearing deposits $279,283
    Deposits held in domestic offices $384,897
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $12,028
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,434

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $292,717
    Loan and leases loss allowance $2,548
    Total loans and leases (domestic) $295,265
    All real estate loans $217,542
    Real estate loans in domestic offices $217,542
    Construction and development loans $22,147
    Residential 1-4 family construction $12,155
    Other construction, all land development and other land $9,992
    Loans secured by nonfarm nonresidential properties $48,084
    Nonfarm nonresidential secured by owner-occupied properties $36,780
    Commercial real estate & other non-farm, non-residential $11,304
    Multifamily residential real estate $434
    1-4 family residential loans $146,877
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $68,115
    To non-U.S. addressees $0
    Loans to individuals $9,607
    Credit card loans $0
    Related Plans $5,729
    Consumer Auto Loans $1,970
    Other loans to individuals $1,908
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $412
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Bartlett had $292,717,000 of loans outstanding in 2020. $217,542,000 of loans were in real estate loans. $22,147,000 of loans were in development loans. $434,000 of loans were in multifamily mortgage loans. $146,877,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,970,000 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 85 $23,055 $271,235
    Nonfarm, nonresidential loans - <$100k 16 $715 $44,688
    Nonfarm, nonresidential loans - $100-250k 29 $3,487 $120,241
    Nonfarm, nonresidential loans - $250k-1MM 40 $18,853 $471,325
    Commercial & Industrial, US addressed loans - <$1MM 1,397 $46,407 $33,219
    Commercial & Industrial, US addressed loans - <$100k 1,275 $25,038 $19,638
    Commercial & Industrial, US addressed loans - $100-250k 85 $10,586 $124,541
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $10,783 $291,432