Pinnacle Bank Mortgage Rates, Fees & Info

JASPER, AL

LEI: 549300E8XHQWHOJSZJ97

Tax ID: 63-0110181

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Pinnacle Bank is a smaller bank specializing in Refi and Home Purchase loans. Pinnacle Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jasper, Birmingham, Daphne, and Auburn among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pinnacle Bank 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.

    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

    30

    Origination Dollar Volume (All Markets)

    $5,010,000

    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
    Jasper, AL (FHA|USDA|VA) 17 $2,155,000 $126,765 $0 0.00%
    Outside of Metro Areas 7 $1,355,000 $193,571 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Pinnacle Bank's top markets include Jasper, Birmingham, Daphne, and Auburn among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 30 $5,010,000 $167,000 $0 0.00%

    For 2023, Pinnacle Bank's most frequently originated type of loan was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 15 $2,215,000 $147,667 $0 0.00%
    Home Purchase 12 $2,600,000 $216,667 $0 0.00%
    Other 2 $80,000 $40,000 $0 0.00%
    Cash Out Refi 1 $115,000 $115,000 $0 0.00%

    For 2023, Pinnacle Bank's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 30 $5,010,000 $167,000 $0 0.00%

    For 2023, Pinnacle Bank's most frequently cited loan duration was Other, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $650,000 $46,429 $0 0.00%
    $100k-200k 7 $1,055,000 $150,714 $0 0.00%
    $200k-400k 6 $1,830,000 $305,000 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2023 saw Pinnacle Bank place emphasis on $100,000 or less loans with 14 originations, totaling $650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 7 $2,535,000 $362,143 $0 0.00%
    $75k-100k 7 $825,000 $117,857 $0 0.00%
    $100k-150k 6 $760,000 $126,667 $0 0.00%
    $50k or less 5 $305,000 $61,000 $0 0.00%
    $250k+ 3 $525,000 $175,000 $0 0.00%
    $50k-75k 2 $60,000 $30,000 $0 0.00%

    Pinnacle Bank lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $75k-100k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 30 $5,010,000 $167,000 $0 0.00%

    Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $4,965,000 $171,207 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Pinnacle Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    66.67%

    Pinnacle Bank 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 30 $5,010,000 $167,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    30 $5,010,000 $167,000