Pinnacle Bank - Wyoming Mortgage Rates, Fees & Info
Cody, WY
LEI: 549300QG83M0EX7VC434
Tax ID: 83-0110575
5 stars
-
out of 5 stars, based on 30 reviews
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Mortgage Data
Bank Data
Overview
Pinnacle Bank - Wyoming is a
smaller
bank
specializing in
Home Purchase and Refi loans.
Pinnacle Bank - Wyoming 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.)
Their top markets include Gillette, Cheyenne, Scottsbluff, Laramie, and Sheridan among others. Pinnacle Bank - Wyoming 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 - Wyoming is typically
an average fee
lendor.
Originations
912
Origination Dollar Volume (All Markets)
$203,500,000
Employee count
164
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Pinnacle Bank - Wyoming - 2021
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Relative Rate
Pinnacle Bank - Wyoming's average 30 year fixed rate mortgage of loans were
2.76%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.39%.
Relative Fees
Pinnacle Bank - Wyoming's average total fees for a 30 year fixed rate
mortgage are $4,644.
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 |
|
Outside of Metro Areas
|
636 |
$145,320,000 |
$228,491 |
$4,242 |
2.88% |
|
Gillette, WY (FHA|USDA|VA)
|
184
|
$33,580,000 |
$182,500 |
$4,397 |
2.85% |
|
CHEYENNE, WY (FHA|USDA|VA)
|
44
|
$14,150,000 |
$321,591 |
$4,179 |
3.40% |
|
Scottsbluff, NE (FHA|USDA|VA)
|
13
|
$2,825,000 |
$217,308 |
$3,409 |
3.83% |
|
Laramie, WY (FHA|USDA|VA)
|
11
|
$2,015,000 |
$183,182 |
$0 |
4.24% |
|
Sheridan, WY (FHA|USDA|VA)
|
3
|
$1,255,000 |
$418,333 |
$4,997 |
3.38% |
|
RAPID CITY, SD (FHA|USDA|VA)
|
4
|
$1,240,000 |
$310,000 |
$4,753 |
3.43% |
|
BILLINGS, MT (FHA|USDA|VA)
|
3
|
$885,000 |
$295,000 |
$4,188 |
3.33% |
|
Riverton, WY (FHA|USDA|VA)
|
4
|
$860,000 |
$215,000 |
$6,447 |
3.19% |
|
CASPER, WY (FHA|USDA|VA)
|
3
|
$415,000 |
$138,333 |
$2,728 |
3.76% |
|
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$0 |
3.38% |
|
Spearfish, SD (FHA|USDA|VA)
|
2
|
$190,000 |
$95,000 |
$2,673 |
2.50% |
|
FORT COLLINS, CO (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$0 |
4.50% |
|
Lexington, NE (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$0 |
3.99% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$0 |
3.99% |
|
Evanston, WY (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$2,230 |
2.13% |
Pinnacle Bank - Wyoming's top markets include Gillette, Cheyenne, Scottsbluff, Laramie, and Sheridan among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
749 |
$168,875,000 |
$225,467 |
$3,624 |
3.04% |
| USDA |
87 |
$15,795,000 |
$181,552 |
$5,754 |
2.49% |
| VA |
39 |
$11,125,000 |
$285,256 |
$7,183 |
2.38% |
| FHA |
37 |
$7,705,000 |
$208,243 |
$7,897 |
2.54% |
For the 2021 period, Pinnacle Bank - Wyoming's most frequently
originated loan type
of loans were Conventional, with 749 originations.
Their 2nd most popular type is USDA,
with 87 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
520 |
$121,670,000 |
$233,981 |
$5,040 |
2.96% |
| Refi |
244 |
$52,880,000 |
$216,721 |
$3,272 |
2.84% |
| Cash Out Refi |
114 |
$24,740,000 |
$217,018 |
$3,736 |
2.82% |
| Home Improvement |
20 |
$1,830,000 |
$91,500 |
$2,025 |
4.03% |
| Other |
14 |
$2,380,000 |
$170,000 |
$2,180 |
3.41% |
For the 2021, Pinnacle Bank - Wyoming's most frequently cited loan
purpose
of loans were Home Purchase, with 520
originations.
The 2nd most popular reason of loans were Refi,
with 244 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
606 |
$139,650,000 |
$230,446 |
$4,644 |
2.76% |
| 15 Year |
119 |
$20,525,000 |
$172,479 |
$3,042 |
2.52% |
| Other |
106 |
$31,200,000 |
$294,340 |
$2,896 |
3.82% |
| 20 Year |
40 |
$6,020,000 |
$150,500 |
$3,306 |
3.51% |
| 1 Year |
21 |
$4,225,000 |
$201,190 |
$5,281 |
4.42% |
| 10 Year |
17 |
$1,685,000 |
$99,118 |
$1,981 |
3.39% |
| 5 Year |
3 |
$195,000 |
$65,000 |
$213 |
3.75% |
For the 2021, Pinnacle Bank - Wyoming's most frequently cited loan
length
of loans were 30 Year, with 606 originations.
The 2nd most popular length of loans were 15 Year,
with 119 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $2k-3k |
267 |
$59,655,000 |
$223,427 |
| $1k-2k |
246 |
$33,410,000 |
$135,813 |
| $3k-4k |
158 |
$55,320,000 |
$350,127 |
| $<1k |
69 |
$6,695,000 |
$97,029 |
| $5k+ |
18 |
$9,520,000 |
$528,889 |
$4,644 of loans were Pinnacle Bank - Wyoming's
average total fees, while their most
frequently occuring range of origination fees were in the
$2k-3k bucket,
with 267 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| <2.5% |
320 |
$68,540,000 |
$214,188 |
| 2.5-3% |
319 |
$71,235,000 |
$223,307 |
| 3-4% |
182 |
$46,210,000 |
$253,901 |
| 4-5% |
89 |
$17,395,000 |
$195,449 |
| 5-6% |
2 |
$120,000 |
$60,000 |
During 2021, Pinnacle Bank - Wyoming's average interest
rate of loans were 2.76%, while their
most frequently originated rate bucket of loans were <2.5%,
with 320 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
372 |
$56,200,000 |
$151,075 |
$3,600 |
2.89% |
| $200k-400k |
335 |
$91,535,000 |
$273,239 |
$5,251 |
2.92% |
| $100,000 or less |
122 |
$7,230,000 |
$59,262 |
$1,591 |
3.14% |
| $400k-600k |
68 |
$32,630,000 |
$479,853 |
$6,675 |
2.82% |
| $600k-1MM |
8 |
$6,000,000 |
$750,000 |
$4,666 |
3.64% |
| $1MM+ |
7 |
$9,905,000 |
$1,415,000 |
$11,433 |
3.85% |
2021 saw Pinnacle Bank - Wyoming place emphasis on
$100k-200k loans
with 372 originations, totaling
$56,200,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k-75k |
233 |
$44,665,000 |
$191,695 |
$4,344 |
2.76% |
| $50k or less |
175 |
$24,265,000 |
$138,657 |
$3,516 |
2.79% |
| $100k-150k |
160 |
$41,560,000 |
$259,750 |
$4,581 |
2.97% |
| $75k-100k |
157 |
$32,675,000 |
$208,121 |
$4,477 |
2.75% |
| $150k-250k |
58 |
$21,100,000 |
$363,793 |
$5,339 |
2.99% |
| $250k+ |
24 |
$8,340,000 |
$347,500 |
$5,179 |
3.19% |
Pinnacle Bank - Wyoming lent most frequently to those with incomes in the
$50k-75k range, with
233 originations.
The second most popular income band? $50k or less,
with 175 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
239 |
$45,355,000 |
$189,770 |
$3,844 |
2.79% |
| 30-36% |
161 |
$34,005,000 |
$211,211 |
$4,366 |
2.75% |
| <20% |
110 |
$23,180,000 |
$210,727 |
$3,752 |
2.69% |
| 38% |
31 |
$6,055,000 |
$195,323 |
$5,219 |
2.78% |
| 42% |
30 |
$6,160,000 |
$205,333 |
$4,473 |
2.74% |
| 36% |
30 |
$5,810,000 |
$193,667 |
$4,976 |
2.58% |
| 40% |
28 |
$7,070,000 |
$252,500 |
$5,728 |
2.86% |
| 37% |
27 |
$6,425,000 |
$237,963 |
$4,663 |
2.89% |
| 41% |
24 |
$7,840,000 |
$326,667 |
$5,620 |
2.78% |
| 39% |
21 |
$4,785,000 |
$227,857 |
$3,977 |
3.07% |
| 43% |
20 |
$4,570,000 |
$228,500 |
$4,497 |
2.88% |
| 44% |
15 |
$3,565,000 |
$237,667 |
$3,881 |
2.80% |
| 49% |
15 |
$3,265,000 |
$217,667 |
$4,404 |
2.94% |
| 50-60% |
12 |
$3,400,000 |
$283,333 |
$4,110 |
3.91% |
| 47% |
10 |
$2,890,000 |
$289,000 |
$7,095 |
3.05% |
| >60% |
8 |
$1,850,000 |
$231,250 |
$2,503 |
3.67% |
| 45% |
8 |
$2,320,000 |
$290,000 |
$5,827 |
2.63% |
| 46% |
8 |
$1,990,000 |
$248,750 |
$4,352 |
2.70% |
| 48% |
7 |
$1,555,000 |
$222,143 |
$3,619 |
2.80% |
Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios
of 20-30%, with
239 originations.
The next most common DTI ratio? 30-36%,
with 161 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
775 |
$164,435,000 |
$212,174 |
$4,268 |
2.84% |
| Not applicable |
79 |
$25,775,000 |
$326,266 |
$0 |
4.08% |
| Not provided |
42 |
$9,720,000 |
$231,429 |
$4,111 |
2.70% |
| American Indian |
10 |
$2,400,000 |
$240,000 |
$5,088 |
2.35% |
| Asian |
4 |
$780,000 |
$195,000 |
$3,906 |
3.06% |
| Native Hawaiian |
2 |
$390,000 |
$195,000 |
$3,192 |
3.06% |
Approval Rates
Total approvals of all applications
94.15%
Pinnacle Bank - Wyoming has an average approval rate.
Pick Rate
Approvals leading to origination
82.03%
Pinnacle Bank - Wyoming has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| 1595.0 |
1 |
$135,000 |
$135,000 |
| 250.0 |
1 |
$25,000 |
$25,000 |
| 580.0 |
1 |
$65,000 |
$65,000 |
| NA |
909 |
$203,275,000 |
$223,625 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
912 |
$203,500,000 |
$223,136 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
75 |
$10,825,000 |
$144,333 |
$2,733 |
3.21% |
| 40-60% |
157 |
$35,635,000 |
$226,975 |
$3,357 |
2.88% |
| 60-80% |
363 |
$87,375,000 |
$240,702 |
$3,991 |
3.13% |
| 80-100% |
268 |
$64,680,000 |
$241,343 |
$5,462 |
2.75% |
| Over 100% |
12 |
$3,190,000 |
$265,833 |
$11,793 |
2.42% |
| Under 20% |
37 |
$1,795,000 |
$48,514 |
$652 |
2.33% |
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 - Wyoming |
1151 Broadway Street Mitchell, NE 69357 |
Full Service B&M
|
$52,165 |
| Pinnacle Bank - Wyoming |
1501 South Greeley Highway Cheyenne, WY 82007 |
Full Service B&M
|
$39,772 |
| Pinnacle Bank - Wyoming |
1702 Sheridan Ave Cody, WY 82414 |
Full Service B&M
|
$274,326 |
| Pinnacle Bank - Wyoming |
175 North Evarts Street Powell, WY 82435 |
Full Service B&M
|
$48,288 |
| Pinnacle Bank - Wyoming |
1941 West A Street Torrington, WY 82240 |
Limited, Drive-thru
|
$0 |
| Pinnacle Bank - Wyoming |
2000 Main St Torrington, WY 82240 |
Full Service B&M
|
$143,821 |
| Pinnacle Bank - Wyoming |
2000 Main Street Torrington, WY 82240 |
Full Service Cyber Office
|
$2,245 |
| Pinnacle Bank - Wyoming |
3518 Dell Range Blvd Cheyenne, WY 82009 |
Full Service B&M
|
$59,659 |
| Pinnacle Bank - Wyoming |
602 E Converse Moorcroft, WY 82721 |
Full Service B&M
|
$45,911 |
| Pinnacle Bank - Wyoming |
627 Yellowstone Cody, WY 82414 |
Full Service B&M
|
$48,411 |
| Pinnacle Bank - Wyoming |
644 Big Horn Avenue Worland, WY 82401 |
Limited, Drive-thru
|
$0 |
| Pinnacle Bank - Wyoming |
644 Big Horn Avenue Worland, WY 82401 |
Full Service B&M
|
$124,664 |
| Pinnacle Bank - Wyoming |
815 Madison Street Gillette, WY 82718 |
Full Service B&M
|
$111,013 |
| Pinnacle Bank - Wyoming |
125 South Fifth Thermopolis, WY 82443 |
Full Service B&M
|
$91,724 |
| Pinnacle Bank - Wyoming |
1401 Washington Boulevard Newcastle, WY 82701 |
Full Service B&M
|
$89,384 |
For 2021, Pinnacle Bank - Wyoming had 15 branches.
Yearly Performance Overview
Bank Income
Pinnacle Bank - Wyoming's gross interest income from loans was $44,735,000.
Pinnacle Bank - Wyoming's net interest income from loans was $41,792,000.
Pinnacle Bank - Wyoming's fee based income from loans was $1,532,000.
Pinnacle Bank - Wyoming's net income from loans was $19,310,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,943 |
| Provision for credit losses |
$2 |
| Total noninterest expense |
$24,016 |
| Salaries and employee benefits |
$13,994 |
| Premises and equipment expense |
$2,160 |
| Additional noninterest expense |
$7,862 |
| Applicable income taxes |
$5,085 |
| Net charge-offs |
$552 |
| Cash dividends |
$2,000 |
Pinnacle Bank - Wyoming's interest expense for loans was $2,943,000.
Pinnacle Bank - Wyoming's payroll and benefits expense were $13,994,000.
Pinnacle Bank - Wyoming's property, plant and equipment expenses $2,160,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$1,194,366 |
| Deposits held in domestic offices |
$1,194,366 |
| Deposits by Individuals, partnerships, and corporations |
$1,060,401 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$132,723 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$1,242 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$310,590 |
| Demand deposits |
$244,743 |
| Nontransaction accounts |
$883,776 |
| Money market deposit accounts (MMDAs) |
$524,195 |
| Other savings deposits (excluding MMDAs) |
$179,037 |
| Total time deposits |
$180,544 |
| Total time and savings deposits |
$949,623 |
| Noninterest-bearing deposits |
$159,808 |
| Interest-bearing deposits |
$1,034,558 |
| Retail deposits |
$1,131,972 |
| IRAs and Keogh plan accounts |
$19,676 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$1,325,996 |
| Cash & Balances due from depository institutions |
$29,755 |
| Interest-bearing balances |
$18,563 |
| Total securities |
$523,563 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$742,327 |
| Loan and leases loss allowance |
$11,372 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$15,887 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$525 |
| All other assets |
$13,939 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$1,325,996 |
| Total Liabilities |
$1,203,295 |
| Total deposits |
$1,194,366 |
| Interest-bearing deposits |
$1,034,558 |
| Deposits held in domestic offices |
$1,194,366 |
| % insured (estimated) |
$74 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$2,687 |
| Subordinated debt |
$0 |
| All other liabilities |
$6,242 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$742,327 |
| Loan and leases loss allowance |
$11,372 |
| Total loans and leases (domestic) |
$753,699 |
| All real estate loans |
$587,660 |
| Real estate loans in domestic offices |
$587,660 |
| Construction and development loans |
$26,280 |
| Residential 1-4 family construction |
$20,850 |
| Other construction, all land development and other land |
$5,430 |
| Loans secured by nonfarm nonresidential properties |
$244,108 |
| Nonfarm nonresidential secured by owner-occupied properties |
$106,959 |
| Commercial real estate & other non-farm, non-residential |
$137,149 |
| Multifamily residential real estate |
$16,486 |
| 1-4 family residential loans |
$147,597 |
| Farmland loans |
$153,189 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$78,456 |
| Commercial and industrial loans |
$69,045 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$15,665 |
| Credit card loans |
$533 |
| Related Plans |
$741 |
| Consumer Auto Loans |
$8,630 |
| Other loans to individuals |
$5,761 |
| All other loans & leases |
$4,159 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$1,467 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$401 |
| 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 - Wyoming had $742,327,000 of loans outstanding in 2021. $587,660,000 of loans were in real estate loans.
$26,280,000 of loans were in development loans. $16,486,000 of loans were in multifamily mortgage loans.
$147,597,000 of loans were in 1-4 family mortgage loans. $78,456,000 of loans were in farm loans. $533,000
of loans were in credit card loans. $8,630,000 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 |
353 |
$77,315 |
$219,023 |
| Nonfarm, nonresidential loans - <$100k |
67 |
$3,122 |
$46,597 |
| Nonfarm, nonresidential loans - $100-250k |
130 |
$16,202 |
$124,631 |
| Nonfarm, nonresidential loans - $250k-1MM |
156 |
$57,991 |
$371,737 |
| Commercial & Industrial, US addressed loans - <$1MM |
619 |
$37,844 |
$61,137 |
| Commercial & Industrial, US addressed loans - <$100k |
418 |
$7,574 |
$18,120 |
| Commercial & Industrial, US addressed loans - $100-250k |
113 |
$8,789 |
$77,779 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
88 |
$21,481 |
$244,102 |
| Farmland loans - <$1MM |
202 |
$34,202 |
$169,317 |
| Farmland loans - <$100k |
44 |
$1,965 |
$44,659 |
| Farmland loans - $100-250k |
85 |
$11,640 |
$136,941 |
| Farmland loans - $250k-1MM |
73 |
$20,597 |
$282,151 |
| Agriculture operations loans - <$1MM |
412 |
$28,306 |
$68,704 |
| Agriculture operations loans - <$100k |
236 |
$5,831 |
$24,708 |
| Agriculture operations loans - $100-250k |
113 |
$9,550 |
$84,513 |
| Agriculture operations loans - $250k-1MM |
63 |
$12,925 |
$205,159 |
