Andrew Johnson Bank Mortgage Rates, Fees & Info

Greeneville, TN

LEI: 549300KXIFQ7HCW3FR89

Tax ID: 62-0937729

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Mortgage Data

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

    Andrew Johnson Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Andrew Johnson Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greeneville, Cleveland, Morristown, Johnson City, and Chattanooga among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Andrew Johnson Bank 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. Andrew Johnson Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

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    Originations

    230

    Origination Dollar Volume (All Markets)

    $42,580,000

    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
    Greeneville, TN (FHA|USDA|VA) 78 $9,430,000 $120,897 $2,331 5.68%
    CLEVELAND, TN (FHA|USDA|VA) 48 $9,330,000 $194,375 $3,490 5.87%
    MORRISTOWN, TN (FHA|USDA|VA) 32 $6,870,000 $214,688 $3,101 5.49%
    JOHNSON CITY, TN (FHA|USDA|VA) 25 $4,195,000 $167,800 $2,786 5.60%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 17 $3,215,000 $189,118 $3,540 5.71%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 13 $2,635,000 $202,692 $3,546 5.52%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 5.15%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $1,330,000 $665,000 $7,667 4.88%
    Newport, TN (FHA|USDA|VA) 1 $915,000 $915,000 $0 5.54%
    Outside of Metro Areas 2 $560,000 $280,000 $1,995 6.75%
    Boone, NC (FHA|USDA|VA) 2 $510,000 $255,000 $0 5.13%
    Sevierville, TN (FHA|USDA|VA) 3 $415,000 $138,333 $2,526 5.17%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.50%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,175 4.99%
    Athens, TN (FHA|USDA|VA) 2 $240,000 $120,000 $3,042 6.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.50%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.75%
    Andrew Johnson Bank's top markets include Greeneville, Cleveland, Morristown, Johnson City, and Chattanooga among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Andrew Johnson Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CONSUMER Credit Union
    Similarity Rank: 16
    Andrew Johnson Bank
    Similarity Rank: 153
    MORTGAGE INVESTORS GROUP, INC.
    Similarity Rank: 318
    First Horizon Bank
    Similarity Rank: 512
    EASTMAN
    Similarity Rank: 936
    UNITED WHOLESALE MORTGAGE, LLC
    Similarity Rank: 6840
    QUICKEN LOANS, LLC
    Similarity Rank: 12992

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 230 $42,580,000 $185,130 $2,773 5.67%

    For 2018, Andrew Johnson Bank's most frequently originated type of loan was Conventional, with 230 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 143 $29,055,000 $203,182 $3,275 5.60%
    Cash Out Refi 63 $10,835,000 $171,984 $1,946 5.77%
    Refi 12 $1,850,000 $154,167 $2,079 5.79%
    Home Improvement 10 $730,000 $73,000 $1,295 6.00%
    Other 2 $110,000 $55,000 $1,729 5.25%

    For 2018, Andrew Johnson Bank's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $28,230,000 $190,743 $2,771 5.81%
    30 Year 56 $11,920,000 $212,857 $3,289 5.24%
    15 Year 14 $1,330,000 $95,000 $1,686 5.33%
    10 Year 5 $155,000 $31,000 $1,356 6.80%
    20 Year 5 $635,000 $127,000 $2,496 6.40%
    1 Year 2 $310,000 $155,000 $192 5.38%

    For 2018, Andrew Johnson Bank's most frequently cited loan duration was Other, with 148 originations. The 2nd most popular length was 30 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $1,690,000 $52,813
    $1k-2k 30 $4,920,000 $164,000
    $2k-3k 13 $3,225,000 $248,077
    $3k-4k 6 $1,950,000 $325,000
    $4k-5k 5 $2,155,000 $431,000
    $5k+ 3 $1,545,000 $515,000

    Andrew Johnson Bank's average total fees were $3,289, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 119 $25,335,000 $212,899
    4-5% 53 $10,435,000 $196,887
    6-7% 53 $6,545,000 $123,491
    7-8% 5 $265,000 $53,000

    During 2018, Andrew Johnson Bank's average interest rate for loans was 5.24%, while their most frequently originated rate bucket for loans was 5-6%, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 107 $5,905,000 $55,187 $1,418 5.90%
    $100k-200k 64 $9,270,000 $144,844 $2,526 5.57%
    $200k-400k 39 $10,565,000 $270,897 $3,799 5.29%
    $400k-600k 13 $6,285,000 $483,462 $6,407 5.41%
    $600k-1MM 4 $3,230,000 $807,500 $0 5.56%
    $1MM+ 3 $7,325,000 $2,441,667 $0 5.80%

    2018 saw Andrew Johnson Bank place emphasis on $100,000 or less loans with 107 originations, totaling $5,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $3,525,000 $78,333 $1,850 6.00%
    $50k-75k 39 $4,325,000 $110,897 $2,230 5.65%
    $100k-150k 37 $5,125,000 $138,514 $2,972 5.39%
    $150k-250k 32 $7,550,000 $235,938 $4,479 5.43%
    $75k-100k 23 $3,595,000 $156,304 $3,072 5.86%
    $250k+ 16 $4,950,000 $309,375 $4,200 5.78%

    Andrew Johnson Bank lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $5,235,000 $168,871 $2,724 5.40%
    30-36% 14 $2,800,000 $200,000 $3,272 5.03%
    <20% 9 $1,045,000 $116,111 $2,133 5.50%
    42% 4 $320,000 $80,000 $1,733 7.13%
    40% 4 $500,000 $125,000 $2,311 4.90%
    37% 3 $535,000 $178,333 $2,846 5.58%
    >60% 3 $555,000 $185,000 $2,611 4.83%
    36% 3 $935,000 $311,667 $4,775 5.50%
    43% 3 $255,000 $85,000 $1,701 6.75%
    46% 2 $650,000 $325,000 $3,821 5.25%
    49% 2 $480,000 $240,000 $3,393 5.00%
    48% 2 $540,000 $270,000 $4,050 5.18%
    41% 2 $400,000 $200,000 $2,896 4.88%
    39% 2 $430,000 $215,000 $3,310 5.50%
    45% 2 $290,000 $145,000 $2,215 5.37%
    44% 1 $25,000 $25,000 $970 5.25%
    38% 1 $175,000 $175,000 $2,977 4.60%
    50-60% 1 $315,000 $315,000 $4,763 5.25%

    Andrew Johnson Bank lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 195 $30,465,000 $156,231 $2,774 5.67%
    Not applicable 32 $11,820,000 $369,375 $0 5.66%
    Black 1 $185,000 $185,000 $2,718 4.99%
    Asian 1 $75,000 $75,000 $0 6.25%
    Other Asian 1 $35,000 $35,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    85.76%

    Andrew Johnson Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.17%

    Andrew Johnson Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 230 $42,580,000 $185,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,020,000 $510,000
    Multifamily:Site-Built 12 $6,640,000 $553,333
    Single Family (1-4 Units):Manufactured 15 $655,000 $43,667
    Single Family (1-4 Units):Site-Built 201 $34,265,000 $170,473

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,810,000 $140,500 $1,489 5.58%
    40-60% 32 $3,960,000 $123,750 $2,679 5.76%
    60-80% 82 $20,100,000 $245,122 $3,314 5.63%
    80-100% 79 $14,745,000 $186,646 $3,087 5.70%
    Under 20% 13 $735,000 $56,538 $1,399 5.64%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Andrew Johnson Bank 1102 West Main Street Greeneville, TN 37744 Full Service B&M $45,507
    Andrew Johnson Bank 124 North Main Street Greeneville, TN 37743 Full Service B&M $104,365
    Andrew Johnson Bank 1551 East Jackson Boulevard Jonesborough, TN 37659 Full Service B&M $21,779
    Andrew Johnson Bank 1660 East Andrew Johnson Hwy. Greeneville, TN 37743 Full Service B&M $58,380
    Andrew Johnson Bank 2105 West Mountcastle Drive Johnson City, TN 37601 Full Service B&M $11,458
    Andrew Johnson Bank 435 West First North Street Morristown, TN 37814 Full Service B&M $75,546
    Andrew Johnson Bank 555 North Ocoee Street Cleveland, TN 37311 Full Service B&M $18,762

    For 2018, Andrew Johnson Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,550
    Net interest income $15,757
    Total noninterest income $1,952
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $559
    Trading account gains and fees $0
    Additional Noninterest Income $1,393
    Pre-tax net operating income $5,946
    Securities gains (or losses, -) $-29
    Income before extraordinary items $4,438
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,438
    Minority interest net income $0
    Net income $4,438
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,460

    Andrew Johnson Bank's gross interest income from loans was $17,550,000.
    Andrew Johnson Bank's net interest income from loans was $15,757,000.
    Andrew Johnson Bank's fee based income from loans was $559,000.
    Andrew Johnson Bank's net income from loans was $4,438,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,793
    Provision for credit losses $330
    Total noninterest expense $11,433
    Salaries and employee benefits $6,973
    Premises and equipment expense $1,482
    Additional noninterest expense $2,978
    Applicable income taxes $1,479
    Net charge-offs $322
    Cash dividends $1,367

    Andrew Johnson Bank's interest expense for loans was $1,793,000.
    Andrew Johnson Bank's payroll and benefits expense were $6,973,000.
    Andrew Johnson Bank's property, plant and equipment expenses $1,482,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $329,385
    Deposits held in domestic offices $329,385
    Deposits by Individuals, partnerships, and corporations $317,832
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,553
    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 $151,069
    Demand deposits $77,904
    Nontransaction accounts $178,316
    Money market deposit accounts (MMDAs) $61,679
    Other savings deposits (excluding MMDAs) $32,632
    Total time deposits $84,005
    Total time and savings deposits $251,481
    Noninterest-bearing deposits $77,904
    Interest-bearing deposits $251,481
    Retail deposits $313,745
    IRAs and Keogh plan accounts $11,325
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $370,500
    Cash & Balances due from depository institutions $14,723
    Interest-bearing balances $9,267
    Total securities $32,203
    Federal funds sold & reverse repurchase $0
    Net loans and leases $308,738
    Loan and leases loss allowance $4,919
    Trading account assets $0
    Bank premises and fixed assets $6,936
    Other real estate owned $450
    Goodwill and other intangibles $0
    All other assets $7,450

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $370,500
    Total Liabilities $331,541
    Total deposits $329,385
    Interest-bearing deposits $251,481
    Deposits held in domestic offices $329,385
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $227
    Subordinated debt $0
    All other liabilities $1,929

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $308,738
    Loan and leases loss allowance $4,919
    Total loans and leases (domestic) $313,657
    All real estate loans $290,162
    Real estate loans in domestic offices $290,162
    Construction and development loans $34,899
    Residential 1-4 family construction $17,105
    Other construction, all land development and other land $17,794
    Loans secured by nonfarm nonresidential properties $97,470
    Nonfarm nonresidential secured by owner-occupied properties $51,078
    Commercial real estate & other non-farm, non-residential $46,392
    Multifamily residential real estate $21,853
    1-4 family residential loans $130,353
    Farmland loans $5,587
    Loans held in foreign offices $0
    Farm loans $486
    Commercial and industrial loans $17,705
    To non-U.S. addressees $0
    Loans to individuals $5,276
    Credit card loans $0
    Related Plans $575
    Consumer Auto Loans $1,295
    Other loans to individuals $3,406
    All other loans & leases $28
    Loans to foreign governments and official institutions $0
    Other loans $28
    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 $805
    Non 1-4 family restructured loans & leases $328
    Total loans and leases (foreign) $0

    Andrew Johnson Bank had $308,738,000 of loans outstanding in 2018. $290,162,000 of loans were in real estate loans. $34,899,000 of loans were in development loans. $21,853,000 of loans were in multifamily mortgage loans. $130,353,000 of loans were in 1-4 family mortgage loans. $486,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,295,000 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 300 $58,155 $193,850
    Nonfarm, nonresidential loans - <$100k 82 $3,664 $44,683
    Nonfarm, nonresidential loans - $100-250k 117 $13,976 $119,453
    Nonfarm, nonresidential loans - $250k-1MM 101 $40,515 $401,139
    Commercial & Industrial, US addressed loans - <$1MM 417 $16,665 $39,964
    Commercial & Industrial, US addressed loans - <$100k 357 $7,210 $20,196
    Commercial & Industrial, US addressed loans - $100-250k 45 $5,006 $111,244
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $4,449 $296,600
    Farmland loans - <$1MM 38 $3,871 $101,868
    Farmland loans - <$100k 19 $682 $35,895
    Farmland loans - $100-250k 12 $1,235 $102,917
    Farmland loans - $250k-1MM 7 $1,954 $279,143
    Agriculture operations loans - <$1MM 25 $486 $19,440
    Agriculture operations loans - <$100k 24 $440 $18,333
    Agriculture operations loans - $250k-1MM 1 $46 $46,000