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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Jackson, Denver, and Scottsbluff among others. We have data for 14 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% 4/21/24
    30 Year Conventional Refi 6.79% 4/21/24
    30 Year Cash-out Refi 6.66% 4/21/24
    30 Year FHA Purchase 6.77% 4/21/24
    30 Year FHA Refi 6.46% 4/21/24
    30 Year VA Purchase 5.77% 4/21/24
    30 Year VA Refi 5.84% 4/21/24
    30 Year USDA Purchase 6.21% 4/21/24
    30 Year USDA Refi 6.44% 4/21/24
    15 Year Conventional Purchase 5.96% 4/21/24
    15 Year Conventional Refi 5.66% 4/21/24
    15 Year Cash-out Refi 5.66% 4/21/24
    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






    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

    757

    Origination Dollar Volume (All Markets)

    $148,555,000

    Employee count

    160 Show all (12) 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 505 $96,025,000 $190,149 $4,153 3.95%
    Gillette, WY (FHA|USDA|VA) 151 $29,305,000 $194,073 $4,244 4.25%
    CHEYENNE, WY (FHA|USDA|VA) 64 $14,040,000 $219,375 $5,375 4.79%
    Jackson, WY-ID (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $4,093 4.85%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,795,000 $359,000 $0 5.11%
    Scottsbluff, NE (FHA|USDA|VA) 9 $1,365,000 $151,667 $2,957 5.25%
    Sheridan, WY (FHA|USDA|VA) 4 $900,000 $225,000 $5,361 4.16%
    Laramie, WY (FHA|USDA|VA) 5 $895,000 $179,000 $0 5.62%
    BILLINGS, MT (FHA|USDA|VA) 3 $695,000 $231,667 $8,304 3.67%
    CASPER, WY (FHA|USDA|VA) 5 $615,000 $123,000 $2,927 4.50%
    RAPID CITY, SD (FHA|USDA|VA) 2 $580,000 $290,000 $0 6.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,647 6.00%
    Riverton, WY (FHA|USDA|VA) 1 $165,000 $165,000 $3,990 3.50%
    BOULDER, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
    Pinnacle Bank - Wyoming's top markets include Gillette, Cheyenne, Jackson, Denver, and Scottsbluff 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: 162
    Blue Federal Credit Union
    Similarity Rank: 324
    Pinnacle Bank - Wyoming
    Similarity Rank: 406
    Jonah Bank of Wyoming
    Similarity Rank: 629
    CENTENNIAL LENDING, LLC
    Similarity Rank: 1598
    Low VA Rates, LLC
    Similarity Rank: 5013
    Bank of the West
    Similarity Rank: 5020
    First Interstate Bank
    Similarity Rank: 5508
    OPEN MORTGAGE, LLC
    Similarity Rank: 5508
    Wallick & Volk, Inc.
    Similarity Rank: 5518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 579 $112,975,000 $195,121 $3,327 4.30%
    USDA 78 $13,300,000 $170,513 $5,443 3.51%
    FHA 60 $11,690,000 $194,833 $7,339 3.79%
    VA 40 $10,590,000 $264,750 $6,953 3.37%

    For 2019, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 579 originations. Their 2nd most popular type was USDA, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 585 $117,465,000 $200,795 $4,488 4.01%
    Refi 85 $15,805,000 $185,941 $3,030 4.64%
    Cash Out Refi 50 $11,160,000 $223,200 $4,129 3.82%
    Home Improvement 19 $2,005,000 $105,526 $2,309 5.41%
    Other 18 $2,120,000 $117,778 $2,382 5.16%

    For 2019, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 585 originations. The 2nd most popular reason was Refi, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 512 $106,470,000 $207,949 $4,647 3.72%
    Other 83 $16,795,000 $202,349 $2,620 5.40%
    15 Year 70 $10,660,000 $152,286 $3,045 4.04%
    20 Year 34 $5,360,000 $157,647 $2,643 5.32%
    10 Year 33 $2,415,000 $73,182 $1,144 4.66%
    1 Year 17 $4,405,000 $259,118 $2,983 6.03%
    5 Year 6 $440,000 $73,333 $766 6.40%
    3 Year 2 $2,010,000 $1,005,000 $0 6.19%

    For 2019, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 512 originations. The 2nd most popular length was Other, with 83 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 222 $51,850,000 $233,559
    $1k-2k 193 $29,305,000 $151,839
    $<1k 109 $9,055,000 $83,073
    $3k-4k 73 $22,455,000 $307,603
    $4k-5k 17 $7,185,000 $422,647
    $5k+ 8 $3,350,000 $418,750

    Pinnacle Bank - Wyoming's average total fees were $4,647, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 222 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 336 $71,210,000 $211,935
    4-5% 161 $38,615,000 $239,845
    5-6% 120 $21,170,000 $176,417
    6-7% 58 $7,000,000 $120,690
    2.5-3% 43 $9,735,000 $226,395
    <2.5% 36 $730,000 $20,278
    7-8% 3 $95,000 $31,667

    During 2019, Pinnacle Bank - Wyoming's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 3-4%, with 336 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 287 $43,605,000 $151,934 $4,200 4.21%
    $200k-400k 275 $74,445,000 $270,709 $5,416 4.08%
    $100,000 or less 152 $7,030,000 $46,250 $1,160 4.06%
    $400k-600k 39 $18,005,000 $461,667 $6,230 4.11%
    $1MM+ 2 $3,860,000 $1,930,000 $4,093 5.11%
    $600k-1MM 2 $1,610,000 $805,000 $7,782 4.56%

    2019 saw Pinnacle Bank - Wyoming place emphasis on $100k-200k loans with 287 originations, totaling $43,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 181 $29,915,000 $165,276 $4,135 3.97%
    $50k or less 148 $16,110,000 $108,851 $3,233 3.75%
    $100k-150k 141 $34,665,000 $245,851 $4,788 4.23%
    $75k-100k 132 $28,030,000 $212,348 $4,801 4.20%
    $150k-250k 50 $13,680,000 $273,600 $4,799 3.99%
    $250k+ 29 $8,185,000 $282,241 $4,676 4.56%

    Pinnacle Bank - Wyoming lent most frequently to those with incomes in the $50k-75k range, with 181 originations. The second most popular income band? $50k or less, with 148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 178 $33,140,000 $186,180 $4,135 4.03%
    30-36% 143 $26,515,000 $185,420 $4,242 3.99%
    <20% 76 $13,040,000 $171,579 $3,468 4.02%
    39% 34 $4,630,000 $136,176 $3,768 3.19%
    38% 30 $5,880,000 $196,000 $3,836 3.88%
    37% 29 $5,695,000 $196,379 $4,716 3.90%
    36% 26 $4,890,000 $188,077 $3,655 3.81%
    42% 25 $4,825,000 $193,000 $4,307 3.94%
    44% 22 $4,720,000 $214,545 $4,498 4.22%
    41% 17 $3,425,000 $201,471 $5,066 3.71%
    40% 17 $3,865,000 $227,353 $4,683 3.89%
    50-60% 15 $3,205,000 $213,667 $5,040 4.99%
    45% 15 $3,225,000 $215,000 $4,157 3.94%
    46% 12 $3,380,000 $281,667 $6,511 3.94%
    43% 10 $2,390,000 $239,000 $4,624 3.78%
    48% 9 $1,565,000 $173,889 $4,031 4.63%
    49% 9 $2,545,000 $282,778 $4,315 4.03%
    47% 8 $1,980,000 $247,500 $6,399 4.22%
    >60% 4 $2,220,000 $555,000 $3,183 3.28%

    Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios of 20-30%, with 178 originations. The next most common DTI ratio? 30-36%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 662 $127,240,000 $192,205 $4,210 4.04%
    Not applicable 52 $12,650,000 $243,269 $0 5.38%
    Not provided 23 $5,045,000 $219,348 $4,614 3.59%
    Asian 8 $1,680,000 $210,000 $3,991 3.96%
    American Indian 9 $1,285,000 $142,778 $2,847 5.27%
    Black 2 $460,000 $230,000 $9,641 4.44%
    Native Hawaiian or Islander 1 $195,000 $195,000 $4,107 2.99%

    Approval Rates

    Total approvals of all applications
    94.63%

    Pinnacle Bank - Wyoming has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.37%

    Pinnacle Bank - Wyoming has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    200.0 1 $5,000 $5,000
    NA 756 $148,550,000 $196,495

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $3,730,000 $310,833
    Single Family (1-4 Units):Manufactured 51 $6,435,000 $126,176
    Single Family (1-4 Units):Site-Built 694 $138,390,000 $199,409

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $3,905,000 $90,814 $1,839 5.15%
    40-60% 71 $15,955,000 $224,718 $3,599 4.19%
    60-80% 252 $54,620,000 $216,746 $3,749 4.71%
    80-100% 317 $70,375,000 $222,003 $5,390 3.92%
    Over 100% 11 $2,285,000 $207,727 $8,737 3.39%
    Under 20% 62 $1,250,000 $20,161 $386 2.17%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Pinnacle Lending Group, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pinnacle Bank - Wyoming 1702 Sheridan Avenue Cody, WY 82414 Full Service B&M $185,003
    Pinnacle Bank - Wyoming 175 North Evarts Street Powell, WY 82435 Full Service B&M $32,520
    Pinnacle Bank - Wyoming 602 E Converse Moorcraft, WY 82721 Full Service B&M $35,049
    Pinnacle Bank - Wyoming 627 Yellowstone Cody, WY 82414 Full Service B&M $46,251
    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 $93,360
    Pinnacle Bank - Wyoming 1151 Broadway Street Mitchell, NE 69357 Full Service B&M $42,574
    Pinnacle Bank - Wyoming 125 South Fifth Thermopolis, WY 82443 Full Service B&M $64,920
    Pinnacle Bank - Wyoming 1401 Washington Boulevard Newcastle, WY 82701 Full Service B&M $78,515
    Pinnacle Bank - Wyoming 1501 South Greeley Highway Cheyenne, WY 82007 Full Service B&M $29,108
    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 $1,175
    Pinnacle Bank - Wyoming 2000 Main Street Torrington, WY 82240 Full Service B&M $125,181
    Pinnacle Bank - Wyoming 3518 Dell Range Blvd Cheyenne, WY 82009 Full Service B&M $23,815
    Pinnacle Bank - Wyoming 815 Madison Street Gillette, WY 82718 Full Service B&M $72,656

    For 2019, Pinnacle Bank - Wyoming had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,490
    Net interest income $34,958
    Total noninterest income $5,827
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,684
    Trading account gains and fees $0
    Additional Noninterest Income $4,143
    Pre-tax net operating income $18,690
    Securities gains (or losses, -) $0
    Income before extraordinary items $14,727
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,727
    Minority interest net income $0
    Net income $14,727
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,727

    Pinnacle Bank - Wyoming's gross interest income from loans was $43,490,000.
    Pinnacle Bank - Wyoming's net interest income from loans was $34,958,000.
    Pinnacle Bank - Wyoming's fee based income from loans was $1,684,000.
    Pinnacle Bank - Wyoming's net income from loans was $14,727,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,532
    Provision for credit losses $229
    Total noninterest expense $21,866
    Salaries and employee benefits $12,126
    Premises and equipment expense $2,101
    Additional noninterest expense $7,639
    Applicable income taxes $3,963
    Net charge-offs $189
    Cash dividends $1,000

    Pinnacle Bank - Wyoming's interest expense for loans was $8,532,000.
    Pinnacle Bank - Wyoming's payroll and benefits expense were $12,126,000.
    Pinnacle Bank - Wyoming's property, plant and equipment expenses $2,101,000.

    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 0.0%
    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 $865,361
    Deposits held in domestic offices $865,361
    Deposits by Individuals, partnerships, and corporations $734,442
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $104,461
    Deposits by Commercial banks and other depository institutions in U.S. $26,457
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $125,358
    Demand deposits $84,518
    Nontransaction accounts $740,002
    Money market deposit accounts (MMDAs) $366,856
    Other savings deposits (excluding MMDAs) $107,718
    Total time deposits $265,428
    Total time and savings deposits $780,842
    Noninterest-bearing deposits $83,162
    Interest-bearing deposits $782,199
    Retail deposits $784,235
    IRAs and Keogh plan accounts $19,673
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $972,141
    Cash & Balances due from depository institutions $12,508
    Interest-bearing balances $4,372
    Total securities $193,884
    Federal funds sold & reverse repurchase $37,055
    Net loans and leases $698,932
    Loan and leases loss allowance $9,986
    Trading account assets $0
    Bank premises and fixed assets $17,034
    Other real estate owned $460
    Goodwill and other intangibles $525
    All other assets $11,743

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $972,141
    Total Liabilities $875,082
    Total deposits $865,361
    Interest-bearing deposits $782,199
    Deposits held in domestic offices $865,361
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $369
    Trading liabilities $0
    Other borrowed funds $4,798
    Subordinated debt $0
    All other liabilities $4,554

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $698,932
    Loan and leases loss allowance $9,986
    Total loans and leases (domestic) $708,918
    All real estate loans $547,570
    Real estate loans in domestic offices $547,570
    Construction and development loans $21,563
    Residential 1-4 family construction $14,069
    Other construction, all land development and other land $7,494
    Loans secured by nonfarm nonresidential properties $214,267
    Nonfarm nonresidential secured by owner-occupied properties $111,923
    Commercial real estate & other non-farm, non-residential $102,344
    Multifamily residential real estate $9,743
    1-4 family residential loans $150,008
    Farmland loans $151,989
    Loans held in foreign offices $0
    Farm loans $87,287
    Commercial and industrial loans $53,641
    To non-U.S. addressees $0
    Loans to individuals $17,582
    Credit card loans $527
    Related Plans $799
    Consumer Auto Loans $8,213
    Other loans to individuals $8,043
    All other loans & leases $3,617
    Loans to foreign governments and official institutions $0
    Other loans $918
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $69
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $13
    Non 1-4 family restructured loans & leases $13
    Total loans and leases (foreign) $0

    Pinnacle Bank - Wyoming had $698,932,000 of loans outstanding in 2019. $547,570,000 of loans were in real estate loans. $21,563,000 of loans were in development loans. $9,743,000 of loans were in multifamily mortgage loans. $150,008,000 of loans were in 1-4 family mortgage loans. $87,287,000 of loans were in farm loans. $527,000 of loans were in credit card loans. $8,213,000 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 360 $76,248 $211,800
    Nonfarm, nonresidential loans - <$100k 76 $3,362 $44,237
    Nonfarm, nonresidential loans - $100-250k 141 $18,039 $127,936
    Nonfarm, nonresidential loans - $250k-1MM 143 $54,847 $383,545
    Commercial & Industrial, US addressed loans - <$1MM 581 $35,474 $61,057
    Commercial & Industrial, US addressed loans - <$100k 397 $7,665 $19,307
    Commercial & Industrial, US addressed loans - $100-250k 112 $9,111 $81,348
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $18,698 $259,694
    Farmland loans - <$1MM 212 $36,768 $173,434
    Farmland loans - <$100k 42 $1,809 $43,071
    Farmland loans - $100-250k 95 $12,883 $135,611
    Farmland loans - $250k-1MM 75 $22,076 $294,347
    Agriculture operations loans - <$1MM 429 $32,774 $76,396
    Agriculture operations loans - <$100k 239 $5,568 $23,297
    Agriculture operations loans - $100-250k 117 $12,114 $103,538
    Agriculture operations loans - $250k-1MM 73 $15,092 $206,740