Tnbank Mortgage Rates, Fees & Info
Oak Ridge, TNLEI: 549300CQMDOXGP2WE649
Tax ID: 62-1574281
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Mortgage Data
Bank Data
Review & Overview
Tnbank is a smaller bank specializing in Home Purchase and Refi loans. Tnbank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Johnson City, Sevierville, and Athens among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Tnbank 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
78Origination Dollar Volume (All Markets)
$17,780,000Employee count
57Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 65 | $14,525,000 | $223,462 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $17,780,000 | $227,949 | $0 | 0.00% |
For 2019, Tnbank's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $10,985,000 | $267,927 | $0 | 0.00% |
| Refi | 36 | $6,750,000 | $187,500 | $0 | 0.00% |
| Home Improvement | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2019, Tnbank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $17,780,000 | $227,949 | $0 | 0.00% |
For 2019, Tnbank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2019 saw Tnbank place emphasis on $100k-200k loans with 26 originations, totaling $3,780,000 in origination value.
Applicant Income
Tnbank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $250k+, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $17,780,000 | $227,949 | $0 | 0.00% |
Tnbank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.79%
Tnbank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.33%
Tnbank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $17,780,000 | $227,949 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOWNEBANK | FHA mortgage | Closing on a mortgage | 2 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| TNBANK | 11200 Kingston Pike Knoxville, TN 37922 | Full Service B&M | $22,821 |
| TNBANK | 1311 West Lamar Alexander Parkway Maryville, TN 37801 | Full Service B&M | $35,834 |
| TNBANK | 1005 North Cedar Bluff Road Knoxville, TN 37923 | Full Service B&M | $18,240 |
| TNBANK | 401 South Illinois Avenue Oak Ridge, TN 37830 | Full Service B&M | $98,329 |
| TNBANK | 900 Oak Ridge Turnpike Oak Ridge, TN 37830 | Full Service B&M | $30,331 |
For 2019, Tnbank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $10,721 |
| Net interest income | $8,126 |
| Total noninterest income | $1,182 |
| Gross Fiduciary activities income | $11 |
| Service charges on deposit accounts | $141 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,030 |
| Pre-tax net operating income | $1,690 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,220 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,220 |
| Minority interest net income | $0 |
| Net income | $1,220 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,220 |
Tnbank's gross interest income from loans was $10,721,000.
Tnbank's net interest income from loans was $8,126,000.
Tnbank's fee based income from loans was $141,000.
Tnbank's net income from loans was $1,220,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,595 |
| Provision for credit losses | $0 |
| Total noninterest expense | $7,618 |
| Salaries and employee benefits | $3,952 |
| Premises and equipment expense | $829 |
| Additional noninterest expense | $2,837 |
| Applicable income taxes | $470 |
| Net charge-offs | $-3 |
| Cash dividends | $234 |
Tnbank's interest expense for loans was $2,595,000.
Tnbank's payroll and benefits expense were $3,952,000.
Tnbank's property, plant and equipment expenses $829,000.
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 | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 3.0% |
| HELOC loans | 0.0% |
| All other family | 4.0% |
| 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 | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $199,489 |
| Deposits held in domestic offices | $199,489 |
| Deposits by Individuals, partnerships, and corporations | $185,265 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $6,823 |
| Deposits by Commercial banks and other depository institutions in U.S. | $7,401 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $78,872 |
| Demand deposits | $40,349 |
| Nontransaction accounts | $120,617 |
| Money market deposit accounts (MMDAs) | $20,390 |
| Other savings deposits (excluding MMDAs) | $27,217 |
| Total time deposits | $73,009 |
| Total time and savings deposits | $159,140 |
| Noninterest-bearing deposits | $13,229 |
| Interest-bearing deposits | $186,260 |
| Retail deposits | $187,265 |
| IRAs and Keogh plan accounts | $6,275 |
| Brokered deposits | $608 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $231,381 |
| Cash & Balances due from depository institutions | $10,231 |
| Interest-bearing balances | $6,054 |
| Total securities | $27,236 |
| Federal funds sold & reverse repurchase | $2,892 |
| Net loans and leases | $176,192 |
| Loan and leases loss allowance | $1,671 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,636 |
| Other real estate owned | $2,604 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,590 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $231,380 |
| Total Liabilities | $210,056 |
| Total deposits | $199,489 |
| Interest-bearing deposits | $186,260 |
| Deposits held in domestic offices | $199,489 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $3,964 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,603 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $176,192 |
| Loan and leases loss allowance | $1,671 |
| Total loans and leases (domestic) | $177,863 |
| All real estate loans | $163,943 |
| Real estate loans in domestic offices | $163,943 |
| Construction and development loans | $22,016 |
| Residential 1-4 family construction | $8,764 |
| Other construction, all land development and other land | $13,252 |
| Loans secured by nonfarm nonresidential properties | $64,403 |
| Nonfarm nonresidential secured by owner-occupied properties | $27,351 |
| Commercial real estate & other non-farm, non-residential | $37,052 |
| Multifamily residential real estate | $5,138 |
| 1-4 family residential loans | $71,945 |
| Farmland loans | $441 |
| Loans held in foreign offices | $0 |
| Farm loans | $692 |
| Commercial and industrial loans | $10,040 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,176 |
| Credit card loans | $0 |
| Related Plans | $70 |
| Consumer Auto Loans | $65 |
| Other loans to individuals | $3,041 |
| All other loans & leases | $13 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $13 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $54 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $794 |
| Non 1-4 family restructured loans & leases | $602 |
| Total loans and leases (foreign) | $0 |
TNBANK had $176,192,000 of loans outstanding in 2019. $163,943,000 of loans were in real estate loans. $22,016,000 of loans were in development loans. $5,138,000 of loans were in multifamily mortgage loans. $71,945,000 of loans were in 1-4 family mortgage loans. $692,000 of loans were in farm loans. $0 of loans were in credit card loans. $65,000 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 | 141 | $56,101 | $397,879 |
| Nonfarm, nonresidential loans - <$100k | 22 | $758 | $34,455 |
| Nonfarm, nonresidential loans - $100-250k | 39 | $5,649 | $144,846 |
| Nonfarm, nonresidential loans - $250k-1MM | 80 | $49,694 | $621,175 |
| Commercial & Industrial, US addressed loans - <$1MM | 89 | $5,990 | $67,303 |
| Commercial & Industrial, US addressed loans - <$100k | 66 | $1,560 | $23,636 |
| Commercial & Industrial, US addressed loans - $100-250k | 10 | $790 | $79,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 13 | $3,640 | $280,000 |
| Farmland loans - <$1MM | 3 | $352 | $117,333 |
| Farmland loans - <$100k | 1 | $74 | $74,000 |
| Farmland loans - $100-250k | 1 | $76 | $76,000 |
| Farmland loans - $250k-1MM | 1 | $202 | $202,000 |
| Agriculture operations loans - <$1MM | 5 | $678 | $135,600 |
| Agriculture operations loans - <$100k | 1 | $17 | $17,000 |
| Agriculture operations loans - $100-250k | 3 | $389 | $129,667 |
| Agriculture operations loans - $250k-1MM | 1 | $272 | $272,000 |