Bank Of Dickson Mortgage Rates, Fees & Info

Dickson, TN

LEI: 549300LIPY4ISRLGTF16

Tax ID: 62-0530495

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Bank Of Dickson is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Dickson has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Knoxville, and Cookeville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Dickson has an above average approval rate when compared to the average across all lenders. They have an above 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

156

Origination Dollar Volume (All Markets)

$26,840,000

Employee count

51

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 141 $25,065,000 $177,766 $0 0.00%
Outside of Metro Areas 13 $1,485,000 $114,231 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Cookeville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Bank Of Dickson's top markets include Nashville, Knoxville, and Cookeville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $26,840,000 $172,051 $0 0.00%

    For 2019, Bank Of Dickson's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 85 $13,965,000 $164,294 $0 0.00%
    Home Purchase 62 $11,670,000 $188,226 $0 0.00%
    Other 6 $990,000 $165,000 $0 0.00%
    Home Improvement 3 $215,000 $71,667 $0 0.00%

    For 2019, Bank Of Dickson's most frequently cited loan purpose was Refi, with 85 originations. The 2nd most popular reason was Home Purchase, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 156 $26,840,000 $172,051 $0 0.00%

    For 2019, Bank Of Dickson's most frequently cited loan duration was Other, with 156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 59 $8,265,000 $140,085 $0 0.00%
    $200k-400k 53 $14,345,000 $270,660 $0 0.00%
    $100,000 or less 40 $2,490,000 $62,250 $0 0.00%
    $400k-600k 4 $1,740,000 $435,000 $0 0.00%

    2019 saw Bank Of Dickson place emphasis on $100k-200k loans with 59 originations, totaling $8,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 42 $4,690,000 $111,667 $0 0.00%
    $100k-150k 33 $7,385,000 $223,788 $0 0.00%
    $75k-100k 29 $5,065,000 $174,655 $0 0.00%
    $50k-75k 28 $4,360,000 $155,714 $0 0.00%
    $150k-250k 11 $3,225,000 $293,182 $0 0.00%
    $250k+ 4 $830,000 $207,500 $0 0.00%

    Bank Of Dickson lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $100k-150k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 156 $26,840,000 $172,051 $0 0.00%

    Bank Of Dickson lent most frequently to those with DTI ratios of Exempt%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $26,505,000 $173,235 $0 0.00%
    Black 3 $335,000 $111,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.71%

    Bank Of Dickson has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.87%

    Bank Of Dickson has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 156 $26,840,000 $172,051

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $435,000 $435,000
    Single Family (1-4 Units):Manufactured 16 $1,490,000 $93,125
    Single Family (1-4 Units):Site-Built 139 $24,915,000 $179,245

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Dickson 101 North Main Street Dickson, TN 37055 Full Service B&M $29,137
    Bank of Dickson 107 Henslee Drive Dickson, TN 37055 Full Service B&M $43,227
    Bank of Dickson 1924 Highway 46 S Dickson, TN 37055 Full Service B&M $4,569
    Bank of Dickson 466 Highway 46 Dickson, TN 37055 Full Service B&M $116,477

    For 2019, Bank Of Dickson had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,652
    Net interest income $7,522
    Total noninterest income $805
    Gross Fiduciary activities income $8
    Service charges on deposit accounts $381
    Trading account gains and fees $0
    Additional Noninterest Income $416
    Pre-tax net operating income $2,611
    Securities gains (or losses, -) $-78
    Income before extraordinary items $2,058
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,058
    Minority interest net income $0
    Net income $2,058
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,121

    Bank Of Dickson's gross interest income from loans was $8,652,000.
    Bank Of Dickson's net interest income from loans was $7,522,000.
    Bank Of Dickson's fee based income from loans was $381,000.
    Bank Of Dickson's net income from loans was $2,058,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,130
    Provision for credit losses $100
    Total noninterest expense $5,616
    Salaries and employee benefits $3,049
    Premises and equipment expense $746
    Additional noninterest expense $1,821
    Applicable income taxes $475
    Net charge-offs $4
    Cash dividends $2,700

    Bank Of Dickson's interest expense for loans was $1,130,000.
    Bank Of Dickson's payroll and benefits expense were $3,049,000.
    Bank Of Dickson's property, plant and equipment expenses $746,000.

    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 13.0%
    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 $200,447
    Deposits held in domestic offices $200,447
    Deposits by Individuals, partnerships, and corporations $185,098
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,349
    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 $88,347
    Demand deposits $43,009
    Nontransaction accounts $112,100
    Money market deposit accounts (MMDAs) $11,271
    Other savings deposits (excluding MMDAs) $38,184
    Total time deposits $62,645
    Total time and savings deposits $157,438
    Noninterest-bearing deposits $43,009
    Interest-bearing deposits $157,438
    Retail deposits $193,393
    IRAs and Keogh plan accounts $13,703
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $233,860
    Cash & Balances due from depository institutions $7,139
    Interest-bearing balances $6,145
    Total securities $80,197
    Federal funds sold & reverse repurchase $0
    Net loans and leases $140,773
    Loan and leases loss allowance $1,612
    Trading account assets $0
    Bank premises and fixed assets $3,346
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,405

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $233,860
    Total Liabilities $204,370
    Total deposits $200,447
    Interest-bearing deposits $157,438
    Deposits held in domestic offices $200,447
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $3,370
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $140,773
    Loan and leases loss allowance $1,612
    Total loans and leases (domestic) $142,385
    All real estate loans $125,755
    Real estate loans in domestic offices $125,755
    Construction and development loans $8,717
    Residential 1-4 family construction $4,104
    Other construction, all land development and other land $4,613
    Loans secured by nonfarm nonresidential properties $15,986
    Nonfarm nonresidential secured by owner-occupied properties $15,689
    Commercial real estate & other non-farm, non-residential $297
    Multifamily residential real estate $440
    1-4 family residential loans $92,970
    Farmland loans $7,642
    Loans held in foreign offices $0
    Farm loans $1,777
    Commercial and industrial loans $7,843
    To non-U.S. addressees $0
    Loans to individuals $5,988
    Credit card loans $0
    Related Plans $3
    Consumer Auto Loans $1,550
    Other loans to individuals $4,435
    All other loans & leases $1,022
    Loans to foreign governments and official institutions $0
    Other loans $24
    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 $2,117
    Non 1-4 family restructured loans & leases $1,850
    Total loans and leases (foreign) $0

    Bank of Dickson had $140,773,000 of loans outstanding in 2019. $125,755,000 of loans were in real estate loans. $8,717,000 of loans were in development loans. $440,000 of loans were in multifamily mortgage loans. $92,970,000 of loans were in 1-4 family mortgage loans. $1,777,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,550,000 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 54 $9,984 $184,889
    Nonfarm, nonresidential loans - <$100k 11 $497 $45,182
    Nonfarm, nonresidential loans - $100-250k 18 $2,015 $111,944
    Nonfarm, nonresidential loans - $250k-1MM 25 $7,472 $298,880
    Commercial & Industrial, US addressed loans - <$1MM 78 $4,487 $57,526
    Commercial & Industrial, US addressed loans - <$100k 56 $1,185 $21,161
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,398 $93,200
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,904 $272,000
    Farmland loans - <$1MM 18 $2,600 $144,444
    Farmland loans - <$100k 7 $402 $57,429
    Farmland loans - $100-250k 4 $612 $153,000
    Farmland loans - $250k-1MM 7 $1,586 $226,571
    Agriculture operations loans - <$1MM 43 $1,767 $41,093
    Agriculture operations loans - <$100k 37 $617 $16,676
    Agriculture operations loans - $100-250k 2 $290 $145,000
    Agriculture operations loans - $250k-1MM 4 $860 $215,000