Pinnacle Bank - Wyoming Mortgage Rates, Fees & Info

Cody, WY

LEI: 549300QG83M0EX7VC434

Tax ID: 83-0110575

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Mortgage Data

Bank Data

Review & 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 an average proportion of FHA loans. Their top markets by origination volume include: Gillette, Cheyenne, Scottsbluff, Denver, and Sheridan 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% 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






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

1,120

Origination Dollar Volume (All Markets)

$241,580,000

Employee count

160 Show all (13) 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 816 $174,080,000 $213,333 $4,027 3.02%
Gillette, WY (FHA|USDA|VA) 200 $38,120,000 $190,600 $4,271 2.94%
CHEYENNE, WY (FHA|USDA|VA) 60 $20,060,000 $334,333 $4,365 3.42%
Scottsbluff, NE (FHA|USDA|VA) 19 $3,415,000 $179,737 $2,731 3.49%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,440,000 $360,000 $4,889 3.54%
Sheridan, WY (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,885 2.66%
Riverton, WY (FHA|USDA|VA) 4 $870,000 $217,500 $3,284 3.59%
CASPER, WY (FHA|USDA|VA) 4 $770,000 $192,500 $4,400 2.34%
Laramie, WY (FHA|USDA|VA) 3 $575,000 $191,667 $3,726 3.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $465,000 $465,000 $7,802 3.50%
GREELEY, CO (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $135,000 $135,000 $1,411 4.00%
BILLINGS, MT (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
TULSA, OK (FHA|USDA|VA) 1 $55,000 $55,000 $2,863 2.50%
Pinnacle Bank - Wyoming's top markets include Gillette, Cheyenne, Scottsbluff, Denver, and Sheridan among others.

Their top states include:
  • Wyoming (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Montana (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: 60
    Pinnacle Bank - Wyoming
    Similarity Rank: 420
    Blue Federal Credit Union
    Similarity Rank: 476
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    Jonah Bank of Wyoming
    Similarity Rank: 812
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    Low VA Rates, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 880 $193,710,000 $220,125 $3,430 3.10%
    USDA 114 $19,430,000 $170,439 $5,390 2.81%
    FHA 65 $12,435,000 $191,308 $7,252 2.98%
    VA 61 $16,005,000 $262,377 $6,124 2.66%

    For 2020, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 880 originations. Their 2nd most popular type was USDA, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 600 $130,710,000 $217,850 $4,712 3.07%
    Refi 356 $75,810,000 $212,949 $3,306 2.94%
    Cash Out Refi 139 $32,325,000 $232,554 $3,750 2.94%
    Other 13 $1,475,000 $113,462 $2,060 3.86%
    Home Improvement 12 $1,260,000 $105,000 $1,733 4.43%

    For 2020, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 600 originations. The 2nd most popular reason was Refi, with 356 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 752 $168,200,000 $223,670 $4,459 2.89%
    15 Year 173 $32,995,000 $190,723 $3,250 2.68%
    Other 82 $24,190,000 $295,000 $3,095 3.93%
    20 Year 44 $8,420,000 $191,364 $3,462 3.59%
    10 Year 38 $3,380,000 $88,947 $1,138 3.56%
    1 Year 24 $3,280,000 $136,667 $0 5.01%
    5 Year 5 $255,000 $51,000 $518 4.41%
    3 Year 2 $860,000 $430,000 $0 4.18%

    For 2020, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 752 originations. The 2nd most popular length was 15 Year, with 173 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 355 $81,965,000 $230,887
    $1k-2k 333 $49,375,000 $148,273
    $<1k 138 $14,150,000 $102,536
    $3k-4k 119 $38,135,000 $320,462
    $4k-5k 50 $20,720,000 $414,400
    $5k+ 19 $10,065,000 $529,737

    Pinnacle Bank - Wyoming's average total fees were $4,459, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 355 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 385 $86,455,000 $224,558
    <2.5% 305 $61,905,000 $202,967
    3-4% 298 $72,140,000 $242,081
    4-5% 105 $17,575,000 $167,381
    5-6% 25 $3,385,000 $135,400
    6-7% 2 $120,000 $60,000

    During 2020, Pinnacle Bank - Wyoming's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 385 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 438 $120,020,000 $274,018 $4,875 2.97%
    $100k-200k 416 $62,760,000 $150,865 $3,791 3.03%
    $100,000 or less 184 $10,050,000 $54,620 $1,461 3.17%
    $400k-600k 72 $34,240,000 $475,556 $6,020 3.00%
    $1MM+ 5 $10,625,000 $2,125,000 $13,456 4.20%
    $600k-1MM 5 $3,885,000 $777,000 $6,588 3.81%

    2020 saw Pinnacle Bank - Wyoming place emphasis on $200k-400k loans with 438 originations, totaling $120,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 269 $46,525,000 $172,955 $4,106 2.99%
    $100k-150k 224 $55,190,000 $246,384 $4,122 3.07%
    $50k or less 209 $26,395,000 $126,292 $3,507 2.88%
    $75k-100k 198 $44,420,000 $224,343 $4,481 2.98%
    $150k-250k 80 $24,350,000 $304,375 $4,617 3.02%
    $250k+ 39 $13,885,000 $356,026 $5,379 3.21%

    Pinnacle Bank - Wyoming lent most frequently to those with incomes in the $50k-75k range, with 269 originations. The second most popular income band? $100k-150k, with 224 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 315 $65,715,000 $208,619 $3,943 2.97%
    30-36% 212 $41,940,000 $197,830 $4,115 3.00%
    <20% 159 $31,085,000 $195,503 $3,374 2.95%
    38% 40 $7,600,000 $190,000 $3,932 3.04%
    44% 38 $8,680,000 $228,421 $4,372 2.76%
    43% 36 $6,570,000 $182,500 $3,953 2.85%
    40% 33 $7,805,000 $236,515 $4,124 2.70%
    37% 29 $6,205,000 $213,966 $4,377 2.72%
    41% 28 $5,050,000 $180,357 $4,259 2.69%
    36% 27 $6,285,000 $232,778 $4,875 2.99%
    42% 25 $4,985,000 $199,400 $4,055 3.11%
    39% 24 $4,840,000 $201,667 $4,718 2.85%
    46% 16 $4,430,000 $276,875 $5,374 2.93%
    47% 15 $3,655,000 $243,667 $5,473 2.91%
    45% 13 $3,565,000 $274,231 $6,153 2.91%
    50-60% 12 $3,050,000 $254,167 $5,682 3.88%
    49% 11 $2,855,000 $259,545 $4,360 3.16%
    48% 9 $1,645,000 $182,778 $4,627 3.37%
    >60% 2 $590,000 $295,000 $0 5.33%

    Pinnacle Bank - Wyoming lent most frequently to those with DTI ratios of 20-30%, with 315 originations. The next most common DTI ratio? 30-36%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,011 $206,835,000 $204,585 $4,030 2.98%
    Not applicable 42 $17,880,000 $425,714 $4,101 4.43%
    Not provided 38 $10,590,000 $278,684 $5,220 3.06%
    American Indian 14 $2,730,000 $195,000 $4,042 2.93%
    Asian 9 $2,155,000 $239,444 $4,051 3.04%
    Other Asian 1 $385,000 $385,000 $3,472 2.75%
    Native Hawaiian 1 $285,000 $285,000 $2,110 2.88%
    Other Pacific Islander 1 $275,000 $275,000 $4,125 2.50%
    Black 1 $275,000 $275,000 $5,115 2.63%
    Native Hawaiian or Islander 1 $95,000 $95,000 $2,816 3.63%
    Korean 1 $75,000 $75,000 $2,602 2.75%

    Approval Rates

    Total approvals of all applications
    94.53%

    Pinnacle Bank - Wyoming has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.63%

    Pinnacle Bank - Wyoming has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $5,000 $5,000
    1000.0 1 $105,000 $105,000
    350.0 1 $35,000 $35,000
    NA 1,117 $241,435,000 $216,146

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $2,340,000 $1,170,000
    Multifamily:Site-Built 9 $8,725,000 $969,444
    Single Family (1-4 Units):Manufactured 53 $7,185,000 $135,566
    Single Family (1-4 Units):Site-Built 1,056 $223,330,000 $211,487

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $14,225,000 $159,831 $2,617 3.21%
    40-60% 164 $32,280,000 $196,829 $3,318 3.10%
    60-80% 394 $102,090,000 $259,112 $3,870 3.15%
    80-100% 396 $87,810,000 $221,742 $5,242 3.00%
    Over 100% 13 $2,765,000 $212,692 $7,406 2.85%
    Under 20% 63 $2,225,000 $35,317 $504 2.17%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    PINNACLE FINANCIAL PARTNERS, INC. Conventional home mortgage Trouble during payment process 1 25.0%
    PINNACLE FINANCIAL PARTNERS, INC. FHA mortgage Incorrect information on your report 1 25.0%
    PINNACLE FINANCIAL PARTNERS, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pinnacle Bank - Wyoming 2000 Main Street Torrington, WY 82240 Full Service Cyber Office $1,310
    Pinnacle Bank - Wyoming 1151 Broadway Street Mitchell, NE 69357 Full Service B&M $45,918
    Pinnacle Bank - Wyoming 125 South Fifth Thermopolis, WY 82443 Full Service B&M $72,101
    Pinnacle Bank - Wyoming 1401 Washington Boulevard Newcastle, WY 82701 Full Service B&M $82,342
    Pinnacle Bank - Wyoming 1501 South Greeley Highway Cheyenne, WY 82007 Full Service B&M $37,571
    Pinnacle Bank - Wyoming 1702 Sheridan Ave Cody, WY 82414 Full Service B&M $222,083
    Pinnacle Bank - Wyoming 175 North Evarts Street Powell, WY 82435 Full Service B&M $38,020
    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 $126,360
    Pinnacle Bank - Wyoming 3518 Dell Range Blvd Cheyenne, WY 82009 Full Service B&M $25,047
    Pinnacle Bank - Wyoming 602 E Converse Moorcraft, WY 82721 Full Service B&M $40,568
    Pinnacle Bank - Wyoming 627 Yellowstone Cody, WY 82414 Full Service B&M $55,521
    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 $106,802
    Pinnacle Bank - Wyoming 815 Madison Street Gillette, WY 82718 Full Service B&M $127,670

    For 2020, Pinnacle Bank - Wyoming had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $44,185
    Net interest income $38,509
    Total noninterest income $8,180
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,451
    Trading account gains and fees $0
    Additional Noninterest Income $6,729
    Pre-tax net operating income $21,145
    Securities gains (or losses, -) $0
    Income before extraordinary items $16,727
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,727
    Minority interest net income $0
    Net income $16,727
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,727

    Pinnacle Bank - Wyoming's gross interest income from loans was $44,185,000.
    Pinnacle Bank - Wyoming's net interest income from loans was $38,509,000.
    Pinnacle Bank - Wyoming's fee based income from loans was $1,451,000.
    Pinnacle Bank - Wyoming's net income from loans was $16,727,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,676
    Provision for credit losses $2,025
    Total noninterest expense $23,519
    Salaries and employee benefits $13,392
    Premises and equipment expense $2,137
    Additional noninterest expense $7,990
    Applicable income taxes $4,418
    Net charge-offs $89
    Cash dividends $4,500

    Pinnacle Bank - Wyoming's interest expense for loans was $5,676,000.
    Pinnacle Bank - Wyoming's payroll and benefits expense were $13,392,000.
    Pinnacle Bank - Wyoming's property, plant and equipment expenses $2,137,000.

    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 2.0%
    Personal loans 0.0%
    Credit card loans 0.2%
    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 $1,046,447
    Deposits held in domestic offices $1,046,447
    Deposits by Individuals, partnerships, and corporations $904,739
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $140,224
    Deposits by Commercial banks and other depository institutions in U.S. $1,484
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $174,780
    Demand deposits $125,659
    Nontransaction accounts $871,667
    Money market deposit accounts (MMDAs) $514,974
    Other savings deposits (excluding MMDAs) $141,551
    Total time deposits $215,142
    Total time and savings deposits $920,788
    Noninterest-bearing deposits $118,186
    Interest-bearing deposits $928,261
    Retail deposits $968,700
    IRAs and Keogh plan accounts $19,963
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,172,211
    Cash & Balances due from depository institutions $18,027
    Interest-bearing balances $5,744
    Total securities $332,126
    Federal funds sold & reverse repurchase $73,949
    Net loans and leases $719,390
    Loan and leases loss allowance $11,922
    Trading account assets $0
    Bank premises and fixed assets $16,201
    Other real estate owned $0
    Goodwill and other intangibles $525
    All other assets $11,993

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,172,211
    Total Liabilities $1,057,912
    Total deposits $1,046,447
    Interest-bearing deposits $928,261
    Deposits held in domestic offices $1,046,447
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $188
    Trading liabilities $0
    Other borrowed funds $4,690
    Subordinated debt $0
    All other liabilities $6,587

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $719,390
    Loan and leases loss allowance $11,922
    Total loans and leases (domestic) $731,312
    All real estate loans $551,501
    Real estate loans in domestic offices $551,501
    Construction and development loans $28,073
    Residential 1-4 family construction $19,052
    Other construction, all land development and other land $9,021
    Loans secured by nonfarm nonresidential properties $211,694
    Nonfarm nonresidential secured by owner-occupied properties $108,496
    Commercial real estate & other non-farm, non-residential $103,198
    Multifamily residential real estate $11,916
    1-4 family residential loans $147,995
    Farmland loans $151,823
    Loans held in foreign offices $0
    Farm loans $84,376
    Commercial and industrial loans $73,236
    To non-U.S. addressees $0
    Loans to individuals $16,470
    Credit card loans $587
    Related Plans $1,386
    Consumer Auto Loans $8,061
    Other loans to individuals $6,436
    All other loans & leases $7,027
    Loans to foreign governments and official institutions $0
    Other loans $5,064
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $41
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6
    Non 1-4 family restructured loans & leases $6
    Total loans and leases (foreign) $0

    Pinnacle Bank - Wyoming had $719,390,000 of loans outstanding in 2020. $551,501,000 of loans were in real estate loans. $28,073,000 of loans were in development loans. $11,916,000 of loans were in multifamily mortgage loans. $147,995,000 of loans were in 1-4 family mortgage loans. $84,376,000 of loans were in farm loans. $587,000 of loans were in credit card loans. $8,061,000 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 359 $78,509 $218,688
    Nonfarm, nonresidential loans - <$100k 69 $3,016 $43,710
    Nonfarm, nonresidential loans - $100-250k 132 $17,276 $130,879
    Nonfarm, nonresidential loans - $250k-1MM 158 $58,217 $368,462
    Commercial & Industrial, US addressed loans - <$1MM 894 $48,962 $54,767
    Commercial & Industrial, US addressed loans - <$100k 654 $12,187 $18,635
    Commercial & Industrial, US addressed loans - $100-250k 142 $11,457 $80,683
    Commercial & Industrial, US addressed loans - $250k-1MM 98 $25,318 $258,347
    Farmland loans - <$1MM 211 $36,258 $171,839
    Farmland loans - <$100k 43 $1,915 $44,535
    Farmland loans - $100-250k 91 $12,353 $135,747
    Farmland loans - $250k-1MM 77 $21,990 $285,584
    Agriculture operations loans - <$1MM 426 $32,274 $75,761
    Agriculture operations loans - <$100k 229 $5,868 $25,624
    Agriculture operations loans - $100-250k 118 $11,289 $95,669
    Agriculture operations loans - $250k-1MM 79 $15,117 $191,354