Pinnacle Bank - Wyoming Mortgage Rates, Fees & Info

Cody, WY

LEI: 549300QG83M0EX7VC434

Tax ID: 83-0110575

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

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Mortgage Data

Bank Data

Review & Overview

Pinnacle Bank - Wyoming is a smaller bank specializing in Home Purchase loans. Pinnacle Bank - Wyoming has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Gillette, Cheyenne, Scottsbluff, Riverton, and Denver among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pinnacle Bank - Wyoming has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pinnacle Bank - Wyoming 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 about average 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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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.13% 3/24/24
30 Year Conventional Refi 6.79% 3/24/24
30 Year Cash-out Refi 6.66% 3/24/24
30 Year FHA Purchase 6.77% 3/24/24
30 Year FHA Refi 6.46% 3/24/24
30 Year VA Purchase 5.77% 3/24/24
30 Year VA Refi 5.84% 3/24/24
30 Year USDA Purchase 6.21% 3/24/24
30 Year USDA Refi 6.44% 3/24/24
15 Year Conventional Purchase 5.96% 3/24/24
15 Year Conventional Refi 5.66% 3/24/24
15 Year Cash-out Refi 5.66% 3/24/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Pinnacle Bank - Wyoming Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pinnacle Bank - Wyoming. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

723

Origination Dollar Volume (All Markets)

$130,105,000

Employee count

166 Show all (9) awards

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
Outside of Metro Areas 475 $83,665,000 $176,137 $4,003 4.60%
Gillette, WY (FHA|USDA|VA) 142 $25,630,000 $180,493 $4,055 4.80%
CHEYENNE, WY (FHA|USDA|VA) 64 $11,210,000 $175,156 $4,981 4.56%
Scottsbluff, NE (FHA|USDA|VA) 13 $1,595,000 $122,692 $2,709 4.96%
Riverton, WY (FHA|USDA|VA) 3 $1,565,000 $521,667 $4,565 5.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,455,000 $485,000 $3,939 5.22%
Laramie, WY (FHA|USDA|VA) 6 $1,210,000 $201,667 $4,409 4.48%
Sheridan, WY (FHA|USDA|VA) 5 $1,125,000 $225,000 $5,337 4.88%
CASPER, WY (FHA|USDA|VA) 4 $670,000 $167,500 $3,763 4.42%
BILLINGS, MT (FHA|USDA|VA) 2 $450,000 $225,000 $5,404 4.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $1,873 4.50%
GREELEY, CO (FHA|USDA|VA) 1 $375,000 $375,000 $9,750 4.13%
Fergus Falls, MN (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $205,000 $205,000 $5,201 6.00%
Rock Springs, WY (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
Spearfish, SD (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.50%
Pinnacle Bank - Wyoming's top markets include Gillette, Cheyenne, Scottsbluff, Riverton, and Denver among others.

Their top states include:
  • Wyoming (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Similar Lenders

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

    WESTERN VISTA
    Similarity Rank: 187
    Pinnacle Bank - Wyoming
    Similarity Rank: 336
    Blue Federal Credit Union
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    Jonah Bank of Wyoming
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    BAY EQUITY LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 525 $92,335,000 $175,876 $3,057 4.91%
    USDA 85 $15,015,000 $176,647 $5,497 3.94%
    FHA 68 $12,250,000 $180,147 $6,769 4.12%
    VA 45 $10,505,000 $233,444 $7,177 4.04%

    For 2018, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 525 originations. Their 2nd most popular type was USDA, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 570 $106,220,000 $186,351 $4,374 4.55%
    Refi 80 $15,110,000 $188,875 $2,875 5.05%
    Cash Out Refi 41 $6,715,000 $163,780 $3,986 4.55%
    Other 20 $1,450,000 $72,500 $1,710 5.42%
    Home Improvement 12 $610,000 $50,833 $1,008 5.67%

    For 2018, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 570 originations. The 2nd most popular reason was Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 499 $94,215,000 $188,808 $4,474 4.45%
    Other 89 $14,275,000 $160,393 $1,992 5.44%
    15 Year 63 $9,605,000 $152,460 $3,099 4.52%
    20 Year 32 $7,910,000 $247,188 $3,085 4.94%
    10 Year 20 $810,000 $40,500 $855 4.74%
    1 Year 11 $1,805,000 $164,091 $2,719 5.68%
    5 Year 6 $120,000 $20,000 $786 5.76%
    3 Year 3 $1,365,000 $455,000 $8,465 5.55%

    For 2018, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 499 originations. The 2nd most popular length was Other, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 215 $34,505,000 $160,488
    $2k-3k 208 $46,160,000 $221,923
    $<1k 120 $8,350,000 $69,583
    $3k-4k 62 $18,860,000 $304,194
    $4k-5k 12 $4,770,000 $397,500
    $5k+ 8 $3,220,000 $402,500

    Pinnacle Bank - Wyoming's average total fees were $4,474, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 215 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 329 $71,135,000 $216,216
    3-4% 173 $32,385,000 $187,197
    5-6% 161 $23,885,000 $148,354
    6-7% 15 $2,045,000 $136,333
    2.5-3% 1 $335,000 $335,000
    7-8% 1 $85,000 $85,000

    During 2018, Pinnacle Bank - Wyoming's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 329 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 279 $42,735,000 $153,172 $4,161 4.52%
    $200k-400k 237 $62,645,000 $264,325 $5,496 4.46%
    $100,000 or less 179 $8,385,000 $46,844 $1,234 5.24%
    $400k-600k 21 $9,535,000 $454,048 $6,267 4.76%
    $600k-1MM 5 $3,905,000 $781,000 $4,463 5.28%
    $1MM+ 2 $2,900,000 $1,450,000 $4,762 4.88%

    2018 saw Pinnacle Bank - Wyoming place emphasis on $100k-200k loans with 279 originations, totaling $42,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 206 $31,630,000 $153,544 $3,908 4.54%
    $50k or less 173 $19,175,000 $110,838 $3,468 4.55%
    $100k-150k 121 $26,015,000 $215,000 $4,632 4.76%
    $75k-100k 100 $20,130,000 $201,300 $4,705 4.48%
    $150k-250k 55 $12,805,000 $232,818 $4,490 4.85%
    $250k+ 26 $8,810,000 $338,846 $4,748 5.03%

    Pinnacle Bank - Wyoming lent most frequently to those with incomes in the $50k-75k range, with 206 originations. The second most popular income band? $50k or less, with 173 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 183 $31,575,000 $172,541 $3,745 4.51%
    30-36% 160 $26,260,000 $164,125 $4,107 4.67%
    <20% 62 $11,380,000 $183,548 $3,469 4.70%
    36% 33 $5,305,000 $160,758 $4,020 4.61%
    39% 30 $5,430,000 $181,000 $4,497 4.29%
    37% 29 $6,195,000 $213,621 $4,564 4.34%
    38% 27 $4,885,000 $180,926 $4,428 4.53%
    40% 23 $3,925,000 $170,652 $4,348 4.41%
    42% 22 $3,710,000 $168,636 $4,019 4.31%
    43% 15 $2,405,000 $160,333 $4,139 4.34%
    41% 14 $2,820,000 $201,429 $5,199 4.39%
    48% 12 $2,480,000 $206,667 $4,499 4.32%
    44% 12 $1,980,000 $165,000 $4,888 4.45%
    45% 10 $2,300,000 $230,000 $4,872 4.70%
    50-60% 9 $1,785,000 $198,333 $4,847 4.76%
    46% 6 $1,750,000 $291,667 $5,477 4.56%
    47% 5 $1,295,000 $259,000 $5,136 4.85%
    49% 5 $1,225,000 $245,000 $4,337 4.60%
    >60% 4 $860,000 $215,000 $3,579 6.19%

    Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios of 20-30%, with 183 originations. The next most common DTI ratio? 30-36%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 650 $113,920,000 $175,262 $4,083 4.62%
    Not applicable 26 $8,080,000 $310,769 $4,762 5.49%
    Not provided 30 $5,340,000 $178,000 $4,176 4.62%
    Black 8 $1,500,000 $187,500 $5,688 4.54%
    American Indian 4 $680,000 $170,000 $3,316 5.16%
    Asian 5 $585,000 $117,000 $3,128 4.18%

    Approval Rates

    Total approvals of all applications
    92.99%

    Pinnacle Bank - Wyoming has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.58%

    Pinnacle Bank - Wyoming has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    100.0 1 $5,000 $5,000
    150.0 1 $5,000 $5,000
    200.0 1 $5,000 $5,000
    250.0 1 $45,000 $45,000
    NA 719 $130,045,000 $180,869

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,850,000 $712,500
    Single Family (1-4 Units):Manufactured 58 $6,740,000 $116,207
    Single Family (1-4 Units):Site-Built 661 $120,515,000 $182,322

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $6,395,000 $155,976 $2,435 5.08%
    40-60% 69 $10,755,000 $155,870 $3,229 5.10%
    60-80% 205 $39,855,000 $194,415 $3,436 4.90%
    80-100% 320 $67,930,000 $212,281 $5,293 4.33%
    Over 100% 15 $3,665,000 $244,333 $9,033 3.90%
    Under 20% 73 $1,505,000 $20,616 $355 5.16%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    PINNACLE FINANCIAL PARTNERS, INC. Other type of mortgage Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pinnacle Bank - Wyoming 1151 Broadway Street Mitchell, NE 69357 Full Service B&M $43,325
    Pinnacle Bank - Wyoming 125 South Fifth Thermopolis, WY 82443 Full Service B&M $58,748
    Pinnacle Bank - Wyoming 1401 Washington Boulevard Newcastle, WY 82701 Full Service B&M $71,540
    Pinnacle Bank - Wyoming 1501 South Greeley Highway Cheyenne, WY 82007 Full Service B&M $27,663
    Pinnacle Bank - Wyoming 1702 Sheridan Avenue Cody, WY 82414 Full Service B&M $157,500
    Pinnacle Bank - Wyoming 175 North Evarts Street Powell, WY 82435 Full Service B&M $24,153
    Pinnacle Bank - Wyoming 1941 West A Street Torrington, WY 82240 Limited, Drive-thru $0
    Pinnacle Bank - Wyoming 2000 Main Street Torrington, WY 82240 Full Service Cyber Office $1,208
    Pinnacle Bank - Wyoming 2000 Main Street Torrington, WY 82240 Full Service B&M $107,992
    Pinnacle Bank - Wyoming 3518 Dell Range Blvd Cheyenne, WY 82009 Full Service B&M $18,442
    Pinnacle Bank - Wyoming 602 E Converse Moorcraft, WY 82721 Full Service B&M $27,695
    Pinnacle Bank - Wyoming 627 Yellowstone Cody, WY 82414 Full Service B&M $39,375
    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 $72,420
    Pinnacle Bank - Wyoming 815 Madison Street Gillette, WY 82718 Full Service B&M $54,368

    For 2018, Pinnacle Bank - Wyoming had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,520
    Net interest income $32,435
    Total noninterest income $5,774
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,781
    Trading account gains and fees $0
    Additional Noninterest Income $3,993
    Pre-tax net operating income $13,919
    Securities gains (or losses, -) $35
    Income before extraordinary items $12,760
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,760
    Minority interest net income $0
    Net income $12,760
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,728

    Pinnacle Bank - Wyoming's gross interest income from loans was $37,520,000.
    Pinnacle Bank - Wyoming's net interest income from loans was $32,435,000.
    Pinnacle Bank - Wyoming's fee based income from loans was $1,781,000.
    Pinnacle Bank - Wyoming's net income from loans was $12,760,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,085
    Provision for credit losses $3,352
    Total noninterest expense $20,938
    Salaries and employee benefits $11,808
    Premises and equipment expense $2,038
    Additional noninterest expense $7,092
    Applicable income taxes $1,194
    Net charge-offs $3,358
    Cash dividends $6,500

    Pinnacle Bank - Wyoming's interest expense for loans was $5,085,000.
    Pinnacle Bank - Wyoming's payroll and benefits expense were $11,808,000.
    Pinnacle Bank - Wyoming's property, plant and equipment expenses $2,038,000.

    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 2.0%
    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 1.0%
    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 $750,118
    Deposits held in domestic offices $750,118
    Deposits by Individuals, partnerships, and corporations $644,715
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $93,841
    Deposits by Commercial banks and other depository institutions in U.S. $11,554
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $108,191
    Demand deposits $72,813
    Nontransaction accounts $641,927
    Money market deposit accounts (MMDAs) $314,508
    Other savings deposits (excluding MMDAs) $99,686
    Total time deposits $227,733
    Total time and savings deposits $677,305
    Noninterest-bearing deposits $71,294
    Interest-bearing deposits $678,824
    Retail deposits $673,769
    IRAs and Keogh plan accounts $18,677
    Brokered deposits $14,104
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $864,722
    Cash & Balances due from depository institutions $15,442
    Interest-bearing balances $6,293
    Total securities $134,143
    Federal funds sold & reverse repurchase $0
    Net loans and leases $682,956
    Loan and leases loss allowance $9,946
    Trading account assets $0
    Bank premises and fixed assets $17,670
    Other real estate owned $1,025
    Goodwill and other intangibles $525
    All other assets $12,961

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $864,722
    Total Liabilities $783,907
    Total deposits $750,118
    Interest-bearing deposits $678,824
    Deposits held in domestic offices $750,118
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $23,881
    Trading liabilities $0
    Other borrowed funds $4,906
    Subordinated debt $0
    All other liabilities $5,002

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $682,956
    Loan and leases loss allowance $9,946
    Total loans and leases (domestic) $692,902
    All real estate loans $532,760
    Real estate loans in domestic offices $532,760
    Construction and development loans $17,252
    Residential 1-4 family construction $13,893
    Other construction, all land development and other land $3,359
    Loans secured by nonfarm nonresidential properties $211,540
    Nonfarm nonresidential secured by owner-occupied properties $106,979
    Commercial real estate & other non-farm, non-residential $104,561
    Multifamily residential real estate $7,969
    1-4 family residential loans $145,108
    Farmland loans $150,891
    Loans held in foreign offices $0
    Farm loans $83,878
    Commercial and industrial loans $55,118
    To non-U.S. addressees $0
    Loans to individuals $18,476
    Credit card loans $537
    Related Plans $704
    Consumer Auto Loans $9,893
    Other loans to individuals $7,342
    All other loans & leases $3,429
    Loans to foreign governments and official institutions $0
    Other loans $701
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $53
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $782
    Non 1-4 family restructured loans & leases $782
    Total loans and leases (foreign) $0

    Pinnacle Bank - Wyoming had $682,956,000 of loans outstanding in 2018. $532,760,000 of loans were in real estate loans. $17,252,000 of loans were in development loans. $7,969,000 of loans were in multifamily mortgage loans. $145,108,000 of loans were in 1-4 family mortgage loans. $83,878,000 of loans were in farm loans. $537,000 of loans were in credit card loans. $9,893,000 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 366 $72,299 $197,538
    Nonfarm, nonresidential loans - <$100k 81 $3,657 $45,148
    Nonfarm, nonresidential loans - $100-250k 147 $19,264 $131,048
    Nonfarm, nonresidential loans - $250k-1MM 138 $49,378 $357,812
    Commercial & Industrial, US addressed loans - <$1MM 589 $36,756 $62,404
    Commercial & Industrial, US addressed loans - <$100k 395 $7,624 $19,301
    Commercial & Industrial, US addressed loans - $100-250k 126 $11,048 $87,683
    Commercial & Industrial, US addressed loans - $250k-1MM 68 $18,084 $265,941
    Farmland loans - <$1MM 201 $31,205 $155,249
    Farmland loans - <$100k 51 $2,266 $44,431
    Farmland loans - $100-250k 90 $11,873 $131,922
    Farmland loans - $250k-1MM 60 $17,066 $284,433
    Agriculture operations loans - <$1MM 431 $32,258 $74,845
    Agriculture operations loans - <$100k 249 $5,973 $23,988
    Agriculture operations loans - $100-250k 99 $9,477 $95,727
    Agriculture operations loans - $250k-1MM 83 $16,808 $202,506