Pinnacle Bank - Wyoming Mortgage Rates, Fees & Info

Cody, WY

LEI: 549300QG83M0EX7VC434

Tax ID: 83-0110575

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

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.13%	11/21/24
30 Year Conventional Refi	6.79%	11/21/24
30 Year Cash-out Refi	6.66%	11/21/24
30 Year FHA Purchase	6.77%	11/21/24
30 Year FHA Refi	6.46%	11/21/24
30 Year VA Purchase	5.77%	11/21/24
30 Year VA Refi	5.84%	11/21/24
30 Year USDA Purchase	6.21%	11/21/24
30 Year USDA Refi	6.44%	11/21/24
15 Year Conventional Purchase	5.96%	11/21/24
15 Year Conventional Refi	5.66%	11/21/24
15 Year Cash-out Refi	5.66%	11/21/24
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

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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

Awards

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
Similarity Rank: 361

Jonah Bank of Wyoming
Similarity Rank: 432

CENTENNIAL LENDING, LLC
Similarity Rank: 1353

Wallick & Volk, Inc.
Similarity Rank: 2835

Premier Home Mortgage Inc.
Similarity Rank: 3072

U.S. Bank
Similarity Rank: 4105

First Interstate Bank
Similarity Rank: 4277

BAY EQUITY LLC
Similarity Rank: 4807

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