Andrew Johnson Bank Mortgage Rates, Fees & Info

Greeneville, TN

LEI: 549300KXIFQ7HCW3FR89

Tax ID: 62-0937729

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

Review & Overview

Andrew Johnson Bank is a smaller bank specializing in Home Purchase loans. Andrew Johnson Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greeneville, Johnson City, Cleveland, Morristown, and Auburn among others. We have data for 12 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.

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Originations

175

Origination Dollar Volume (All Markets)

$38,375,000

Employee count

100

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)	57	$9,625,000	$168,860	$0	0.00%
JOHNSON CITY, TN (FHA\|USDA\|VA)	22	$7,900,000	$359,091	$0	0.00%
CLEVELAND, TN (FHA\|USDA\|VA)	35	$6,975,000	$199,286	$0	0.00%
MORRISTOWN, TN (FHA\|USDA\|VA)	32	$6,630,000	$207,188	$0	0.00%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$3,005,000	$3,005,000	$0	0.00%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	12	$1,960,000	$163,333	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	7	$1,055,000	$150,714	$0	0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$375,000	$375,000	$0	0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$295,000	$295,000	$0	0.00%
Athens, TN (FHA\|USDA\|VA)	4	$270,000	$67,500	$0	0.00%
KINGSPORT-BRISTOL, TN-VA (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	0.00%
Sevierville, TN (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%

Andrew Johnson Bank's top markets include Greeneville, Johnson City, Cleveland, Morristown, and Auburn among others.

Their top states include:

Tennessee (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Florida (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	175	$38,375,000	$219,286	$0	0.00%

For 2019, Andrew Johnson Bank's most frequently originated type of loan was Conventional, with 175 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	131	$29,185,000	$222,786	$0	0.00%
Cash Out Refi	27	$6,925,000	$256,481	$0	0.00%
Refi	9	$1,565,000	$173,889	$0	0.00%
Home Improvement	6	$640,000	$106,667	$0	0.00%
Other	2	$60,000	$30,000	$0	0.00%

For 2019, Andrew Johnson Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	175	$38,375,000	$219,286	$0	0.00%

For 2019, Andrew Johnson Bank's most frequently cited loan duration was Other, with 175 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	60	$3,570,000	$59,500	$0	0.00%
$200k-400k	54	$14,910,000	$276,111	$0	0.00%
$100k-200k	45	$6,295,000	$139,889	$0	0.00%
$400k-600k	10	$5,000,000	$500,000	$0	0.00%
$1MM+	4	$7,150,000	$1,787,500	$0	0.00%
$600k-1MM	2	$1,450,000	$725,000	$0	0.00%

2019 saw Andrew Johnson Bank place emphasis on $100,000 or less loans with 60 originations, totaling $3,570,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	35	$3,965,000	$113,286	$0	0.00%
$50k or less	32	$2,900,000	$90,625	$0	0.00%
$100k-150k	25	$6,275,000	$251,000	$0	0.00%
$75k-100k	25	$3,955,000	$158,200	$0	0.00%
$150k-250k	16	$3,360,000	$210,000	$0	0.00%
$250k+	16	$6,120,000	$382,500	$0	0.00%

Andrew Johnson Bank lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 32 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	175	$38,375,000	$219,286	$0	0.00%

Andrew Johnson Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	140	$25,610,000	$182,929	$0	0.00%
Not applicable	24	$11,170,000	$465,417	$0	0.00%
Asian	2	$580,000	$290,000	$0	0.00%
Black	2	$370,000	$185,000	$0	0.00%
Not provided	3	$355,000	$118,333	$0	0.00%
Other Asian	4	$290,000	$72,500	$0	0.00%

Approval Rates

Total approvals of all applications
88.28%

Andrew Johnson Bank has an average approval rate.

Pick Rate

Approvals leading to origination
79.43%

Andrew Johnson Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	175	$38,375,000	$219,286

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	16	$9,630,000	$601,875
Single Family (1-4 Units):Manufactured	12	$1,230,000	$102,500
Single Family (1-4 Units):Site-Built	147	$27,515,000	$187,177

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	$43,857
Andrew Johnson Bank	124 North Main Street Greeneville, TN 37743	Full Service B&M	$100,301
Andrew Johnson Bank	1551 East Jackson Boulevard Jonesborough, TN 37659	Full Service B&M	$24,722
Andrew Johnson Bank	1660 E Andrew Johnson Hwy Greeneville, TN 37745	Full Service B&M	$58,804
Andrew Johnson Bank	2105 West Mountcastle Drive Johnson City, TN 37601	Full Service B&M	$14,079
Andrew Johnson Bank	435 West First North Street Morristown, TN 37814	Full Service B&M	$74,992
Andrew Johnson Bank	555 North Ocoee Street Cleveland, TN 37311	Full Service B&M	$19,307

For 2019, Andrew Johnson Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$18,817
Net interest income	$16,038
Total noninterest income	$1,981
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$527
Trading account gains and fees	$0
Additional Noninterest Income	$1,454
Pre-tax net operating income	$6,177
Securities gains (or losses, -)	$-2
Income before extraordinary items	$4,563
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,563
Minority interest net income	$0
Net income	$4,563
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,564

Andrew Johnson Bank's gross interest income from loans was $18,817,000.
Andrew Johnson Bank's net interest income from loans was $16,038,000.
Andrew Johnson Bank's fee based income from loans was $527,000.
Andrew Johnson Bank's net income from loans was $4,563,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,779
Provision for credit losses	$125
Total noninterest expense	$11,717
Salaries and employee benefits	$6,980
Premises and equipment expense	$1,748
Additional noninterest expense	$2,989
Applicable income taxes	$1,612
Net charge-offs	$57
Cash dividends	$1,630

Andrew Johnson Bank's interest expense for loans was $2,779,000.
Andrew Johnson Bank's payroll and benefits expense were $6,980,000.
Andrew Johnson Bank's property, plant and equipment expenses $1,748,000.

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	$343,141
Deposits held in domestic offices	$343,141
Deposits by Individuals, partnerships, and corporations	$313,013
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$30,129
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	$158,374
Demand deposits	$80,161
Nontransaction accounts	$184,768
Money market deposit accounts (MMDAs)	$69,599
Other savings deposits (excluding MMDAs)	$33,234
Total time deposits	$81,935
Total time and savings deposits	$262,981
Noninterest-bearing deposits	$80,161
Interest-bearing deposits	$262,980
Retail deposits	$335,196
IRAs and Keogh plan accounts	$12,367
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$387,643
Cash & Balances due from depository institutions	$34,139
Interest-bearing balances	$28,253
Total securities	$34,836
Federal funds sold & reverse repurchase	$0
Net loans and leases	$301,818
Loan and leases loss allowance	$4,986
Trading account assets	$0
Bank premises and fixed assets	$9,007
Other real estate owned	$110
Goodwill and other intangibles	$0
All other assets	$7,733

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$387,643
Total Liabilities	$345,368
Total deposits	$343,141
Interest-bearing deposits	$262,980
Deposits held in domestic offices	$343,141
% insured (estimated)	$84
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$193
Subordinated debt	$0
All other liabilities	$2,034

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$301,818
Loan and leases loss allowance	$4,986
Total loans and leases (domestic)	$306,804
All real estate loans	$283,293
Real estate loans in domestic offices	$283,293
Construction and development loans	$37,316
Residential 1-4 family construction	$15,396
Other construction, all land development and other land	$21,920
Loans secured by nonfarm nonresidential properties	$96,368
Nonfarm nonresidential secured by owner-occupied properties	$50,425
Commercial real estate & other non-farm, non-residential	$45,943
Multifamily residential real estate	$15,859
1-4 family residential loans	$127,684
Farmland loans	$6,066
Loans held in foreign offices	$0
Farm loans	$492
Commercial and industrial loans	$19,695
To non-U.S. addressees	$0
Loans to individuals	$3,296
Credit card loans	$0
Related Plans	$540
Consumer Auto Loans	$1,199
Other loans to individuals	$1,557
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	$878
Non 1-4 family restructured loans & leases	$300
Total loans and leases (foreign)	$0

Andrew Johnson Bank had $301,818,000 of loans outstanding in 2019. $283,293,000 of loans were in real estate loans. $37,316,000 of loans were in development loans. $15,859,000 of loans were in multifamily mortgage loans. $127,684,000 of loans were in 1-4 family mortgage loans. $492,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,199,000 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	285	$54,112	$189,867
Nonfarm, nonresidential loans - <$100k	77	$3,604	$46,805
Nonfarm, nonresidential loans - $100-250k	109	$12,428	$114,018
Nonfarm, nonresidential loans - $250k-1MM	99	$38,080	$384,646
Commercial & Industrial, US addressed loans - <$1MM	422	$18,359	$43,505
Commercial & Industrial, US addressed loans - <$100k	351	$6,961	$19,832
Commercial & Industrial, US addressed loans - $100-250k	54	$5,716	$105,852
Commercial & Industrial, US addressed loans - $250k-1MM	17	$5,682	$334,235
Farmland loans - <$1MM	42	$4,350	$103,571
Farmland loans - <$100k	20	$785	$39,250
Farmland loans - $100-250k	15	$1,696	$113,067
Farmland loans - $250k-1MM	7	$1,869	$267,000
Agriculture operations loans - <$1MM	25	$492	$19,680
Agriculture operations loans - <$100k	24	$392	$16,333
Agriculture operations loans - $250k-1MM	1	$100	$100,000