Pinnacle Bank Mortgage Rates, Fees & Info
Lincoln, NELEI: 549300PZ44DNQDPOV865
Tax ID: 47-0098450
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Pinnacle Bank is a smaller bank specializing in Home Purchase and Refi loans. Pinnacle Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Omaha, Lincoln, Columbus, Denver, and Fremont among others. Pinnacle Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Pinnacle Bank is typically a low fee lendor.Originations
3,813Origination Dollar Volume (All Markets)
$969,545,000Employee count
876Awards
Pinnacle Bank - 2021
Pinnacle Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Pinnacle Bank's average 30 year fixed rate mortgage of loans were
2.85%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.3%.
Relative Fees
Pinnacle Bank's average total fees for a 30 year fixed rate
mortgage are $2,482.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 953 | $363,455,000 | $381,380 | $2,203 | 3.07% |
| LINCOLN, NE (FHA|USDA|VA) | 923 | $216,195,000 | $234,231 | $1,549 | 3.06% |
| Outside of Metro Areas | 693 | $106,915,000 | $154,278 | $1,966 | 3.50% |
| Columbus, NE (FHA|USDA|VA) | 218 | $41,120,000 | $188,624 | $2,815 | 3.08% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 16 | $31,700,000 | $1,981,250 | $2,084 | 3.00% |
| Fremont, NE (FHA|USDA|VA) | 169 | $27,995,000 | $165,651 | $2,061 | 3.48% |
| Hastings, NE (FHA|USDA|VA) | 172 | $27,750,000 | $161,337 | $2,456 | 3.20% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 144 | $27,020,000 | $187,639 | $2,386 | 3.17% |
| Kearney, NE (FHA|USDA|VA) | 121 | $25,135,000 | $207,727 | $2,330 | 3.06% |
| JOPLIN, MO (FHA|USDA|VA) | 102 | $18,420,000 | $180,588 | $2,114 | 3.33% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 38 | $9,830,000 | $258,684 | $1,826 | 3.11% |
| Lexington, NE (FHA|USDA|VA) | 52 | $8,700,000 | $167,308 | $2,452 | 3.18% |
| Beatrice, NE (FHA|USDA|VA) | 50 | $6,800,000 | $136,000 | $1,610 | 3.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 14 | $4,690,000 | $335,000 | $2,759 | 3.27% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $0 | 3.50% |
| AMES, IA (FHA|USDA|VA) | 1 | $3,285,000 | $3,285,000 | $0 | 3.85% |
| Pittsburg, KS (FHA|USDA|VA) | 5 | $3,285,000 | $657,000 | $1,817 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,270,000 | $408,750 | $3,895 | 2.89% |
| Norfolk, NE (FHA|USDA|VA) | 19 | $3,065,000 | $161,316 | $2,893 | 3.30% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 13 | $2,965,000 | $228,077 | $3,253 | 3.23% |
| Edwards, CO (FHA|USDA|VA) | 2 | $2,740,000 | $1,370,000 | $0 | 3.01% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $1,980,000 | $990,000 | $7,602 | 3.06% |
| Jackson, WY-ID (FHA|USDA|VA) | 2 | $1,880,000 | $940,000 | $0 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $4,742 | 3.35% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $3,146 | 2.56% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $2,500 | 3.85% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $2,419 | 2.94% |
| Aberdeen, SD (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $8,895 | 2.88% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 4.25% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $2,018 | 2.54% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 3.50% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,435 | 3.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $1,934 | 3.13% |
| North Platte, NE (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $2,464 | 3.25% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 3.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 3.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $1,709 | 2.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,450 | 2.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,148 | 3.56% |
| Mason City, IA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,589 | 2.38% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,079 | 2.44% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,301 | 2.99% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $1,814 | 2.50% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,727 | 2.63% |
| Granbury, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,849 | 2.13% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,764 | 2.75% |
| RAPID CITY, SD (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,174 | 2.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $1,887 | 2.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,798 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,544 | 2.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,346 | 2.63% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,412 | 2.25% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,821 | 2.56% |
| Crossville, TN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 3.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,153 | 3.13% |
| Spearfish, SD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 3.95% |
| Yankton, SD (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 3.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,900 | 2.38% |
| Paris, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,177 | 1.88% |
| Salina, KS (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $1,362 | 4.32% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,494 | 3.44% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,348 | 3.38% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,929 | 2.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,741 | 2.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,688 | 2.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,246 | 2.88% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.75% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,942 | 2.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,100 | 2.50% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,291 | 3.00% |
| Riverton, WY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,744 | 2.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,772 | 2.25% |
| Branson, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,939 | 2.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,535 | 2.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,805 | 2.25% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,531 | 2.88% |
| Atchison, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,568 | 2.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,622 | 2.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.95% |
| Carroll, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,621 | 2.63% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,895 | 3.95% |
Pinnacle Bank's top markets include Omaha, Lincoln, Columbus, Denver, and Fremont among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,567 | $920,195,000 | $257,974 | $1,831 | 3.23% |
| FHA | 87 | $15,565,000 | $178,908 | $5,514 | 2.70% |
| VA | 83 | $22,745,000 | $274,036 | $4,622 | 2.39% |
| USDA | 76 | $11,040,000 | $145,263 | $3,932 | 2.73% |
For the 2021 period, Pinnacle Bank's most frequently originated loan type of loans were Conventional, with 3,567 originations. Their 2nd most popular type is FHA, with 87 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,844 | $569,000,000 | $308,568 | $2,586 | 3.33% |
| Refi | 1,248 | $258,390,000 | $207,043 | $1,545 | 3.08% |
| Cash Out Refi | 560 | $128,270,000 | $229,054 | $2,132 | 2.76% |
| Other | 81 | $9,425,000 | $116,358 | $1,053 | 3.83% |
| Home Improvement | 80 | $4,460,000 | $55,750 | $503 | 4.20% |
For the 2021, Pinnacle Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,844 originations. The 2nd most popular reason of loans were Refi, with 1,248 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,755 | $412,635,000 | $235,120 | $2,482 | 2.85% |
| Other | 558 | $93,250,000 | $167,115 | $922 | 4.00% |
| 15 Year | 540 | $113,000,000 | $209,259 | $1,924 | 2.40% |
| 5 Year | 503 | $117,445,000 | $233,489 | $391 | 4.01% |
| 10 Year | 189 | $181,235,000 | $958,915 | $1,370 | 3.37% |
| 1 Year | 141 | $27,815,000 | $197,270 | $0 | 4.50% |
| 20 Year | 121 | $23,855,000 | $197,149 | $1,854 | 2.82% |
| 3 Year | 6 | $310,000 | $51,667 | $410 | 3.99% |
For the 2021, Pinnacle Bank's most frequently cited loan length of loans were 30 Year, with 1,755 originations. The 2nd most popular length of loans were Other, with 558 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,081 | $420,155,000 | $201,901 |
| $1k-2k | 920 | $202,430,000 | $220,033 |
| $2k-3k | 29 | $6,635,000 | $228,793 |
| $3k-4k | 10 | $2,760,000 | $276,000 |
| $5k+ | 4 | $1,820,000 | $455,000 |
$2,482 of loans were Pinnacle Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,081 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,254 | $397,800,000 | $317,225 |
| 2.5-3% | 1,250 | $306,350,000 | $245,080 |
| <2.5% | 841 | $209,275,000 | $248,841 |
| 4-5% | 442 | $53,560,000 | $121,176 |
| 5-6% | 20 | $2,310,000 | $115,500 |
| Over 8% | 4 | $60,000 | $15,000 |
| 6-7% | 2 | $190,000 | $95,000 |
During 2021, Pinnacle Bank's average interest rate of loans were 2.85%, while their most frequently originated rate bucket of loans were 3-4%, with 1,254 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 1,373 | $204,975,000 | $149,290 | $2,137 | 3.14% |
| $200k-400k | 1,273 | $349,455,000 | $274,513 | $2,260 | 2.85% |
| $100,000 or less | 859 | $50,695,000 | $59,016 | $1,153 | 3.86% |
| $400k-600k | 246 | $116,620,000 | $474,065 | $2,812 | 2.83% |
| $1MM+ | 38 | $230,630,000 | $6,069,211 | $4,328 | 3.68% |
| $600k-1MM | 24 | $17,170,000 | $715,417 | $1,375 | 3.84% |
2021 saw Pinnacle Bank place emphasis on $100k-200k loans with 1,373 originations, totaling $204,975,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 739 | $171,305,000 | $231,806 | $2,064 | 3.01% |
| $50k-75k | 709 | $110,655,000 | $156,072 | $2,110 | 3.10% |
| $75k-100k | 513 | $97,485,000 | $190,029 | $2,154 | 3.04% |
| $50k or less | 507 | $58,725,000 | $115,828 | $2,015 | 3.38% |
| $150k-250k | 500 | $130,700,000 | $261,400 | $2,093 | 2.99% |
| $250k+ | 218 | $72,950,000 | $334,633 | $2,111 | 3.00% |
Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 739 originations. The second most popular income band? $50k-75k, with 709 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 923 | $178,025,000 | $192,876 | $1,919 | 3.03% |
| 30-36% | 643 | $133,855,000 | $208,173 | $2,154 | 3.07% |
| <20% | 539 | $103,375,000 | $191,790 | $1,716 | 3.07% |
| 36% | 117 | $23,315,000 | $199,274 | $2,428 | 3.09% |
| 41% | 109 | $20,965,000 | $192,339 | $2,107 | 3.13% |
| 40% | 104 | $22,210,000 | $213,558 | $2,507 | 3.00% |
| 42% | 103 | $24,865,000 | $241,408 | $2,565 | 2.92% |
| 39% | 94 | $20,950,000 | $222,872 | $2,187 | 3.07% |
| 38% | 88 | $18,680,000 | $212,273 | $2,201 | 3.04% |
| 37% | 85 | $19,165,000 | $225,471 | $2,439 | 2.97% |
| 43% | 75 | $15,655,000 | $208,733 | $2,434 | 3.06% |
| 45% | 55 | $13,185,000 | $239,727 | $2,192 | 2.96% |
| 44% | 49 | $10,875,000 | $221,939 | $2,410 | 2.95% |
| 47% | 41 | $8,875,000 | $216,463 | $2,111 | 3.04% |
| 46% | 38 | $9,420,000 | $247,895 | $2,810 | 2.84% |
| 48% | 33 | $7,435,000 | $225,303 | $2,592 | 3.04% |
| 50-60% | 31 | $5,945,000 | $191,774 | $2,274 | 3.84% |
| 49% | 28 | $5,960,000 | $212,857 | $2,658 | 3.15% |
| >60% | 18 | $3,620,000 | $201,111 | $834 | 3.89% |
Pinnacle Bank lent most frequently to those with DTI ratios of 20-30%, with 923 originations. The next most common DTI ratio? 30-36%, with 643 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3,080 | $609,730,000 | $197,964 | $2,061 | 3.11% |
| Not applicable | 457 | $295,945,000 | $647,582 | $671 | 3.89% |
| Not provided | 199 | $46,795,000 | $235,151 | $2,203 | 2.89% |
| Asian | 33 | $8,475,000 | $256,818 | $2,275 | 3.12% |
| Black | 18 | $3,750,000 | $208,333 | $2,224 | 3.01% |
| American Indian | 15 | $2,055,000 | $137,000 | $2,499 | 3.41% |
| Asian Indian | 4 | $1,440,000 | $360,000 | $1,896 | 2.78% |
| Other Asian | 4 | $920,000 | $230,000 | $2,084 | 2.88% |
| Filipino | 2 | $270,000 | $135,000 | $1,342 | 3.41% |
| Native Hawaiian | 1 | $165,000 | $165,000 | $2,283 | 2.75% |
Approval Rates
Total approvals of all applications95.43%
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 origination89.01%
Pinnacle Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $235,000 | $235,000 |
| 100.0 | 1 | $15,000 | $15,000 |
| 150.0 | 4 | $310,000 | $77,500 |
| NA | 3,807 | $968,985,000 | $254,527 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,813 | $969,545,000 | $254,274 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 362 | $62,550,000 | $172,790 | $1,359 | 3.62% |
| 40-60% | 687 | $123,195,000 | $179,323 | $1,782 | 3.15% |
| 60-80% | 1,523 | $504,165,000 | $331,034 | $1,946 | 3.14% |
| 80-100% | 1,017 | $261,305,000 | $256,937 | $2,651 | 3.00% |
| Over 100% | 18 | $4,960,000 | $275,556 | $11,334 | 2.77% |
| Under 20% | 204 | $12,820,000 | $62,843 | $381 | 3.95% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pinnacle Lending Group, Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Pinnacle Bank | 1001 Avenue E Wisner, NE 68791 | Full Service B&M | $50,843 |
| Pinnacle Bank | 10805 Q Street Omaha, NE 68137 | Full Service B&M | $508,050 |
| Pinnacle Bank | 1100 Park Drive Springfield, NE 68059 | Full Service B&M | $7,282 |
| Pinnacle Bank | 1119 16th Street Aurora, NE 68818 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 1200 Golden Gate Drive Papillion, NE 68046 | Full Service B&M | $341,784 |
| Pinnacle Bank | 122 South Walnut Arnold, NE 69120 | Full Service B&M | $27,387 |
| Pinnacle Bank | 1234 L Street Aurora, NE 68818 | Full Service B&M | $174,630 |
| Pinnacle Bank | 12350 Southport Parkway Lavista, NE 68128 | Full Service B&M | $62,802 |
| Pinnacle Bank | 13131 W Dodge Road Omaha, NE 68154 | Full Service B&M | $204,359 |
| Pinnacle Bank | 1316 East 32nd Street Joplin, MO 64804 | Limited, Drive-thru | $7,582 |
| Pinnacle Bank | 13240 Callum Dr Waverly, NE 68462 | Full Service B&M | $12,324 |
| Pinnacle Bank | 1401 N Street Lincoln, NE 68508 | Full Service B&M | $275,872 |
| Pinnacle Bank | 143 East 13th Street Crete, NE 68333 | Full Service B&M | $128,187 |
| Pinnacle Bank | 1500 North Buckeye Abilene, KS 67410 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 1520 East 23rd Fremont, NE 68025 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 1601 North 84th Street Lincoln, NE 68505 | Full Service B&M | $7,625 |
| Pinnacle Bank | 1605 Denver Street Schuyler, NE 68661 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 1651 West 7th Street Suite 1 Joplin, MO 64801 | Full Service B&M | $10,471 |
| Pinnacle Bank | 16821 Audrey Street Omaha, NE 68136 | Full Service B&M | $41,852 |
| Pinnacle Bank | 1776 South 70th Street Lincoln, NE 68506 | Full Service B&M | $73,546 |
| Pinnacle Bank | 18081 Burt Street Elkhorn, NE 68022 | Full Service B&M | $141,114 |
| Pinnacle Bank | 201 East 2nd Street Ogallala, NE 69153 | Full Service B&M | $129,254 |
| Pinnacle Bank | 201 Sun Valley Blvd. Lincoln, NE 68528 | Full Service B&M | $20,402 |
| Pinnacle Bank | 20320 Veterans Drive Elkhorn, NE 68022 | Full Service B&M | $41,038 |
| Pinnacle Bank | 20544 Husker Drive Gretna, NE 68028 | Full Service Cyber Office | $15,652 |
| Pinnacle Bank | 206 East 6th Street Lexington, NE 68850 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 210 E 23rd Street Columbus, NE 68601 | Full Service B&M | $0 |
| Pinnacle Bank | 215 North Walnut Shelby, NE 68662 | Full Service B&M | $52,753 |
| Pinnacle Bank | 218 Main Street Louisville, NE 68037 | Full Service B&M | $90,282 |
| Pinnacle Bank | 2433 S Range Line Rd Joplin, MO 64804 | Full Service B&M | $42,560 |
| Pinnacle Bank | 26500 Ne Colbern Rd Lake Lotawana, MO 64086 | Full Service B&M | $101,436 |
| Pinnacle Bank | 2661 33rd Avenue Columbus, NE 68601 | Limited, Mobile/Seasonal Office | $0 |
| Pinnacle Bank | 2661 33rd Avenue Columbus, NE 68601 | Full Service B&M | $238,203 |
| Pinnacle Bank | 2703 Folkways Blvd Lincoln, NE 68504 | Full Service B&M | $63,708 |
| Pinnacle Bank | 301 East 11th Street Schuyler, NE 68661 | Full Service B&M | $167,649 |
| Pinnacle Bank | 301 Smith Elwood, NE 68937 | Full Service B&M | $36,936 |
| Pinnacle Bank | 320 G Street Central City, NE 68826 | Full Service B&M | $60,486 |
| Pinnacle Bank | 320 North State Street Osceola, NE 68651 | Full Service B&M | $63,047 |
| Pinnacle Bank | 323 W 11th St Kearney, NE 68845 | Full Service B&M | $20,988 |
| Pinnacle Bank | 324 Main Street Neligh, NE 68756 | Full Service B&M | $94,091 |
| Pinnacle Bank | 345 Central Avenue Grant, NE 69140 | Full Service B&M | $72,375 |
| Pinnacle Bank | 3939 South Street Lincoln, NE 68506 | Full Service B&M | $103,496 |
| Pinnacle Bank | 400 Main Street Verdigre, NE 68783 | Full Service B&M | $24,445 |
| Pinnacle Bank | 400 Tate Avenue Hayes Center, NE 69032 | Full Service B&M | $24,903 |
| Pinnacle Bank | 401 4th And Main Street Humphrey, NE 68642 | Full Service B&M | $11,062 |
| Pinnacle Bank | 401 North Spruce Street Abilene, KS 67410 | Full Service B&M | $134,939 |
| Pinnacle Bank | 408 N D St Fairfield, NE 68938 | Full Service B&M | $14,143 |
| Pinnacle Bank | 410 North Washington Street Lexington, NE 68850 | Full Service B&M | $157,191 |
| Pinnacle Bank | 424 Main St Neligh, NE 68756 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 4251 South 144th Street Omaha, NE 68137 | Full Service B&M | $27,884 |
| Pinnacle Bank | 429 East Douglas Oneill, NE 68763 | Full Service B&M | $174,886 |
| Pinnacle Bank | 447 Broadway Imperial, NE 69033 | Full Service B&M | $107,378 |
| Pinnacle Bank | 450 West 23rd St Fremont, NE 68025 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 501 Cross Street Sarcoxie, MO 64862 | Full Service B&M | $23,263 |
| Pinnacle Bank | 5010 O Street Lincoln, NE 68504 | Full Service Retail | $7,726 |
| Pinnacle Bank | 523 Court Street Beatrice, NE 68310 | Full Service B&M | $144,454 |
| Pinnacle Bank | 523 North Sixth Street Beatrice, NE 68310 | Limited, Drive-thru | $0 |
| Pinnacle Bank | 530 North Burlington Avenue Hastings, NE 68901 | Full Service B&M | $111,732 |
| Pinnacle Bank | 5651 S 59th St Lincoln, NE 68516 | Full Service B&M | $74,794 |
| Pinnacle Bank | 600 Q St, Ste 110 Lincoln, NE 68508 | Full Service B&M | $2,424 |
| Pinnacle Bank | 601 Chief Street Benkelman, NE 69021 | Full Service B&M | $61,270 |
| Pinnacle Bank | 602 West B Street Mccook, NE 69001 | Full Service B&M | $91,634 |
| Pinnacle Bank | 611 Pinnacle Drive Papillion, NE 68046 | Full Service B&M | $36,127 |
| Pinnacle Bank | 6145 Havelock Avenue Lincoln, NE 68507 | Full Service B&M | $102,507 |
| Pinnacle Bank | 7000 Adams Street Lincoln, NE 68507 | Full Service B&M | $44,777 |
| Pinnacle Bank | 7001 South 27th St Lincoln, NE 68512 | Full Service B&M | $161,722 |
| Pinnacle Bank | 802 S Main St Joplin, MO 64801 | Full Service B&M | $124,429 |
| Pinnacle Bank | 817 Village Square Gretna, NE 68028 | Full Service B&M | $247,881 |
| Pinnacle Bank | 8340 W Dodge Rd Omaha, NE 68114 | Full Service B&M | $69,235 |
| Pinnacle Bank | 912 Commercial Street Palmer, NE 68864 | Full Service B&M | $44,703 |
| Pinnacle Bank | 99 West Sixth Street Fremont, NE 68025 | Full Service B&M | $384,690 |
| Pinnacle Bank | Lincoln And Davis Streets Roseland, NE 68973 | Full Service B&M | $15,275 |
| Pinnacle Bank | 1010 S Madison Ste M Webb City, MO 64870 | Full Service Retail | $19,119 |
| Pinnacle Bank | 1016 Douglas On The Mall Omaha, NE 68102 | Full Service B&M | $30,621 |
| Pinnacle Bank | 102 East Cary Street Papillion, NE 68046 | Full Service B&M | $36,466 |
| Pinnacle Bank | 106 E 3rd St Grand Island, NE 68801 | Full Service B&M | $61,275 |
| Pinnacle Bank | 108 South Main Street Madison, NE 68748 | Full Service B&M | $53,887 |
For 2021, Pinnacle Bank had 77 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $225,209 |
| Net interest income | $209,093 |
| Total noninterest income | $43,820 |
| Gross Fiduciary activities income | $2,533 |
| Service charges on deposit accounts | $8,164 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $33,123 |
| Pre-tax net operating income | $122,912 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $97,388 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $97,388 |
| Minority interest net income | $0 |
| Net income | $97,388 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $97,388 |
Pinnacle Bank's gross interest income from loans was $225,209,000.
Pinnacle Bank's net interest income from loans was $209,093,000.
Pinnacle Bank's fee based income from loans was $8,164,000.
Pinnacle Bank's net income from loans was $97,388,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $16,116 |
| Provision for credit losses | $1,242 |
| Total noninterest expense | $128,759 |
| Salaries and employee benefits | $76,767 |
| Premises and equipment expense | $12,594 |
| Additional noninterest expense | $39,398 |
| Applicable income taxes | $25,524 |
| Net charge-offs | $-105 |
| Cash dividends | $5,000 |
Pinnacle Bank's interest expense for loans was $16,116,000.
Pinnacle Bank's payroll and benefits expense were $76,767,000.
Pinnacle Bank's property, plant and equipment expenses $12,594,000.
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 | 0.4% |
| 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 | $6,984,915 |
| Deposits held in domestic offices | $6,984,915 |
| Deposits by Individuals, partnerships, and corporations | $6,410,565 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $572,779 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,570 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,181,413 |
| Demand deposits | $1,935,381 |
| Nontransaction accounts | $4,803,502 |
| Money market deposit accounts (MMDAs) | $3,205,042 |
| Other savings deposits (excluding MMDAs) | $772,768 |
| Total time deposits | $825,692 |
| Total time and savings deposits | $5,049,534 |
| Noninterest-bearing deposits | $940,200 |
| Interest-bearing deposits | $6,044,715 |
| Retail deposits | $6,743,007 |
| IRAs and Keogh plan accounts | $111,378 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $7,852,003 |
| Cash & Balances due from depository institutions | $764,922 |
| Interest-bearing balances | $654,598 |
| Total securities | $2,193,205 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $4,688,495 |
| Loan and leases loss allowance | $65,364 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $89,740 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $23,622 |
| All other assets | $92,019 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $7,852,003 |
| Total Liabilities | $7,154,428 |
| Total deposits | $6,984,915 |
| Interest-bearing deposits | $6,044,715 |
| Deposits held in domestic offices | $6,984,915 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $84,475 |
| Trading liabilities | $0 |
| Other borrowed funds | $45,486 |
| Subordinated debt | $0 |
| All other liabilities | $39,552 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $4,688,495 |
| Loan and leases loss allowance | $65,364 |
| Total loans and leases (domestic) | $4,753,859 |
| All real estate loans | $3,484,807 |
| Real estate loans in domestic offices | $3,484,807 |
| Construction and development loans | $624,939 |
| Residential 1-4 family construction | $138,383 |
| Other construction, all land development and other land | $486,556 |
| Loans secured by nonfarm nonresidential properties | $1,427,735 |
| Nonfarm nonresidential secured by owner-occupied properties | $412,896 |
| Commercial real estate & other non-farm, non-residential | $1,014,839 |
| Multifamily residential real estate | $293,746 |
| 1-4 family residential loans | $586,772 |
| Farmland loans | $551,615 |
| Loans held in foreign offices | $0 |
| Farm loans | $612,470 |
| Commercial and industrial loans | $482,157 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $63,687 |
| Credit card loans | $4,054 |
| Related Plans | $885 |
| Consumer Auto Loans | $34,791 |
| Other loans to individuals | $23,957 |
| All other loans & leases | $114,806 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9,586 |
| Loans to depository institutions and acceptances of other banks | $36,516 |
| Loans not secured by real estate | $8,666 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Pinnacle Bank had $4,688,495,000 of loans outstanding in 2021. $3,484,807,000 of loans were in real estate loans. $624,939,000 of loans were in development loans. $293,746,000 of loans were in multifamily mortgage loans. $586,772,000 of loans were in 1-4 family mortgage loans. $612,470,000 of loans were in farm loans. $4,054,000 of loans were in credit card loans. $34,791,000 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 | 989 | $205,778 | $208,067 |
| Nonfarm, nonresidential loans - <$100k | 284 | $10,728 | $37,775 |
| Nonfarm, nonresidential loans - $100-250k | 315 | $36,689 | $116,473 |
| Nonfarm, nonresidential loans - $250k-1MM | 390 | $158,361 | $406,054 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,608 | $149,821 | $57,447 |
| Commercial & Industrial, US addressed loans - <$100k | 1,806 | $33,628 | $18,620 |
| Commercial & Industrial, US addressed loans - $100-250k | 433 | $37,394 | $86,360 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 369 | $78,799 | $213,547 |
| Farmland loans - <$1MM | 893 | $138,329 | $154,904 |
| Farmland loans - <$100k | 234 | $9,477 | $40,500 |
| Farmland loans - $100-250k | 359 | $45,625 | $127,089 |
| Farmland loans - $250k-1MM | 300 | $83,227 | $277,423 |
| Agriculture operations loans - <$1MM | 1,582 | $107,895 | $68,202 |
| Agriculture operations loans - <$100k | 891 | $18,317 | $20,558 |
| Agriculture operations loans - $100-250k | 359 | $28,683 | $79,897 |
| Agriculture operations loans - $250k-1MM | 332 | $60,895 | $183,419 |
