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 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 by origination volume include: Gillette, Cheyenne, Scottsbluff, Laramie, and Sheridan 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%	11/17/24
30 Year Conventional Refi	6.79%	11/17/24
30 Year Cash-out Refi	6.66%	11/17/24
30 Year FHA Purchase	6.77%	11/17/24
30 Year FHA Refi	6.46%	11/17/24
30 Year VA Purchase	5.77%	11/17/24
30 Year VA Refi	5.84%	11/17/24
30 Year USDA Purchase	6.21%	11/17/24
30 Year USDA Refi	6.44%	11/17/24
15 Year Conventional Purchase	5.96%	11/17/24
15 Year Conventional Refi	5.66%	11/17/24
15 Year Cash-out Refi	5.66%	11/17/24
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

912

Origination Dollar Volume (All Markets)

$203,500,000

Employee count

164

Awards

Pinnacle Bank - Wyoming 30 Year Conventional Loans gold

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	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.

Their top states include:

Wyoming (FHA|USDA|VA)

Nebraska (FHA|USDA|VA)

South Dakota (FHA|USDA|VA)

Montana (FHA|USDA|VA)

Colorado (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: 63

Blue Federal Credit Union
Similarity Rank: 494

Pinnacle Bank - Wyoming
Similarity Rank: 496

Wyoming Bank & Trust
Similarity Rank: 893

Jonah Bank of Wyoming
Similarity Rank: 1188

CENTENNIAL LENDING, LLC
Similarity Rank: 3360

Gateway First Bank
Similarity Rank: 4504

BETTER MORTGAGE CORPORATION
Similarity Rank: 10104

First Interstate Bank
Similarity Rank: 11655

MOVEMENT MORTGAGE, LLC
Similarity Rank: 12019

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Pinnacle Bank - Wyoming's most frequently originated type of loan was Conventional, with 749 originations. Their 2nd most popular type was USDA, with 87 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Pinnacle Bank - Wyoming's most frequently cited loan purpose was Home Purchase, with 520 originations. The 2nd most popular reason was 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 2021, Pinnacle Bank - Wyoming's most frequently cited loan duration was 30 Year, with 606 originations. The 2nd most popular length was 15 Year, with 119 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$2k-3k	267	$59,655,000	$223,427
$1k-2k	246	$33,410,000	$135,813
$3k-4k	116	$36,930,000	$318,362
$<1k	69	$6,695,000	$97,029
$4k-5k	42	$18,390,000	$437,857
$5k+	18	$9,520,000	$528,889

Pinnacle Bank - Wyoming's average total fees were $4,644, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.76%, while their most frequently originated rate bucket for loans was <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 or Islander	2	$390,000	$195,000	$3,192	3.06%

Approval Rates

Total approvals of all applications
94.17%

Pinnacle Bank - Wyoming has an average approval rate.

Pick Rate

Approvals leading to origination
80.70%

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	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
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

For 2021, Pinnacle Bank - Wyoming had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$44,735
Net interest income	$41,792
Total noninterest income	$6,621
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,532
Trading account gains and fees	$0
Additional Noninterest Income	$5,089
Pre-tax net operating income	$24,395
Securities gains (or losses, -)	$0
Income before extraordinary items	$19,310
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$19,310
Minority interest net income	$0
Net income	$19,310
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$19,310

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.

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	$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