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, Panama City, and Sevierville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Tnbank 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.
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Originations
80Origination Dollar Volume (All Markets)
$18,390,000Employee count
56Top 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) | 74 | $14,890,000 | $201,216 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $3,200,000 | $800,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $18,390,000 | $229,875 | $0 | 0.00% |
For 2020, Tnbank's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $10,285,000 | $250,854 | $0 | 0.00% |
| Refi | 37 | $7,975,000 | $215,541 | $0 | 0.00% |
| Cash Out Refi | 2 | $130,000 | $65,000 | $0 | 0.00% |
For 2020, Tnbank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $18,390,000 | $229,875 | $0 | 0.00% |
For 2020, Tnbank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2020 saw Tnbank place emphasis on $100k-200k loans with 35 originations, totaling $5,145,000 in origination value.
Applicant Income
Tnbank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $18,390,000 | $229,875 | $0 | 0.00% |
Tnbank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.69%
Tnbank has a below average approval rate.
Pick Rate
Approvals leading to origination51.25%
Tnbank 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 | 80 | $18,390,000 | $229,875 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOWNEBANK | Conventional home mortgage | Trouble during payment process | 3 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Tnbank | 1005 North Cedar Bluff Road Knoxville, TN 37923 | Full Service B&M | $20,446 |
| Tnbank | 11200 Kingston Pike Knoxville, TN 37922 | Full Service B&M | $25,295 |
| Tnbank | 1311 West Lamar Alexander Parkway Maryville, TN 37801 | Full Service B&M | $41,557 |
| Tnbank | 401 South Illinois Avenue Oak Ridge, TN 37830 | Full Service B&M | $102,895 |
| Tnbank | 900 Oak Ridge Turnpike Oak Ridge, TN 37830 | Full Service B&M | $34,149 |
For 2020, Tnbank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $10,829 |
| Net interest income | $9,080 |
| Total noninterest income | $1,650 |
| Gross Fiduciary activities income | $10 |
| Service charges on deposit accounts | $110 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,530 |
| Pre-tax net operating income | $2,768 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,979 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,979 |
| Minority interest net income | $0 |
| Net income | $1,979 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,979 |
Tnbank's gross interest income from loans was $10,829,000.
Tnbank's net interest income from loans was $9,080,000.
Tnbank's fee based income from loans was $110,000.
Tnbank's net income from loans was $1,979,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,749 |
| Provision for credit losses | $138 |
| Total noninterest expense | $7,824 |
| Salaries and employee benefits | $3,920 |
| Premises and equipment expense | $851 |
| Additional noninterest expense | $3,053 |
| Applicable income taxes | $789 |
| Net charge-offs | $-418 |
| Cash dividends | $400 |
Tnbank's interest expense for loans was $1,749,000.
Tnbank's payroll and benefits expense were $3,920,000.
Tnbank's property, plant and equipment expenses $851,000.
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 | 1.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 3.0% |
| 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 | $224,112 |
| Deposits held in domestic offices | $224,112 |
| Deposits by Individuals, partnerships, and corporations | $213,320 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $6,387 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,404 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $107,212 |
| Demand deposits | $61,174 |
| Nontransaction accounts | $116,899 |
| Money market deposit accounts (MMDAs) | $23,704 |
| Other savings deposits (excluding MMDAs) | $43,305 |
| Total time deposits | $49,891 |
| Total time and savings deposits | $162,937 |
| Noninterest-bearing deposits | $20,777 |
| Interest-bearing deposits | $203,335 |
| Retail deposits | $217,244 |
| IRAs and Keogh plan accounts | $6,095 |
| Brokered deposits | $399 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $265,941 |
| Cash & Balances due from depository institutions | $25,115 |
| Interest-bearing balances | $20,883 |
| Total securities | $32,397 |
| Federal funds sold & reverse repurchase | $9,177 |
| Net loans and leases | $184,580 |
| Loan and leases loss allowance | $2,226 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,803 |
| Other real estate owned | $2,675 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,194 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $265,942 |
| Total Liabilities | $242,266 |
| Total deposits | $224,112 |
| Interest-bearing deposits | $203,335 |
| Deposits held in domestic offices | $224,112 |
| % insured (estimated) | $83 |
| Federal funds purchased and repurchase agreements | $7,645 |
| Trading liabilities | $0 |
| Other borrowed funds | $8,854 |
| Subordinated debt | $0 |
| All other liabilities | $1,655 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $184,580 |
| Loan and leases loss allowance | $2,226 |
| Total loans and leases (domestic) | $186,806 |
| All real estate loans | $164,488 |
| Real estate loans in domestic offices | $164,488 |
| Construction and development loans | $22,056 |
| Residential 1-4 family construction | $11,012 |
| Other construction, all land development and other land | $11,044 |
| Loans secured by nonfarm nonresidential properties | $72,942 |
| Nonfarm nonresidential secured by owner-occupied properties | $30,642 |
| Commercial real estate & other non-farm, non-residential | $42,300 |
| Multifamily residential real estate | $2,908 |
| 1-4 family residential loans | $66,165 |
| Farmland loans | $417 |
| Loans held in foreign offices | $0 |
| Farm loans | $545 |
| Commercial and industrial loans | $18,414 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,326 |
| Credit card loans | $0 |
| Related Plans | $53 |
| Consumer Auto Loans | $11 |
| Other loans to individuals | $3,262 |
| 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 | $872 |
| Non 1-4 family restructured loans & leases | $619 |
| Total loans and leases (foreign) | $0 |
TNBANK had $184,580,000 of loans outstanding in 2020. $164,488,000 of loans were in real estate loans. $22,056,000 of loans were in development loans. $2,908,000 of loans were in multifamily mortgage loans. $66,165,000 of loans were in 1-4 family mortgage loans. $545,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,000 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 | 150 | $63,359 | $422,393 |
| Nonfarm, nonresidential loans - <$100k | 23 | $990 | $43,043 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $5,915 | $140,833 |
| Nonfarm, nonresidential loans - $250k-1MM | 85 | $56,454 | $664,165 |
| Commercial & Industrial, US addressed loans - <$1MM | 216 | $13,018 | $60,269 |
| Commercial & Industrial, US addressed loans - <$100k | 175 | $4,080 | $23,314 |
| Commercial & Industrial, US addressed loans - $100-250k | 23 | $2,402 | $104,435 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 18 | $6,536 | $363,111 |
| Farmland loans - <$1MM | 3 | $320 | $106,667 |
| Farmland loans - <$100k | 1 | $68 | $68,000 |
| Farmland loans - $100-250k | 1 | $71 | $71,000 |
| Farmland loans - $250k-1MM | 1 | $181 | $181,000 |
| Agriculture operations loans - <$1MM | 4 | $545 | $136,250 |
| Agriculture operations loans - <$100k | 1 | $15 | $15,000 |
| Agriculture operations loans - $100-250k | 2 | $279 | $139,500 |
| Agriculture operations loans - $250k-1MM | 1 | $251 | $251,000 |