Pinnacle Bank Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 549300SDQ83FUC7IK543

Tax ID: 74-1666441

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

Review & Overview

Pinnacle Bank is a smaller bank specializing in Home Purchase and Refi loans. Pinnacle Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Stephenville, San Antonio, Granbury, and Sherman among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pinnacle Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

285

Origination Dollar Volume (All Markets)

$54,305,000

Employee count

243

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
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	258	$31,530,000	$122,209	$0	0.00%
Stephenville, TX (FHA\|USDA\|VA)	1	$19,005,000	$19,005,000	$0	0.00%
Outside of Metro Areas	13	$2,095,000	$161,154	$0	0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$505,000	$505,000	$0	0.00%
Granbury, TX (FHA\|USDA\|VA)	4	$260,000	$65,000	$0	0.00%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	3	$245,000	$81,667	$0	0.00%
Mineral Wells, TX (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	0.00%
Taos, NM (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
Brownwood, TX (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%

Pinnacle Bank's top markets include Dallas, Stephenville, San Antonio, Granbury, and Sherman among others.

Their top states include:

Texas (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

New Mexico (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	285	$54,305,000	$190,544	$0	0.00%

For 2018, Pinnacle Bank's most frequently originated type of loan was Conventional, with 285 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	186	$26,720,000	$143,656	$0	0.00%
Refi	66	$25,780,000	$390,606	$0	0.00%
Home Improvement	22	$1,370,000	$62,273	$0	0.00%
Other	11	$435,000	$39,545	$0	0.00%

For 2018, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Refi, with 66 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	285	$54,305,000	$190,544	$0	0.00%

For 2018, Pinnacle Bank's most frequently cited loan duration was Other, with 285 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	163	$9,805,000	$60,153	$0	0.00%
$100k-200k	78	$10,470,000	$134,231	$0	0.00%
$200k-400k	32	$8,650,000	$270,313	$0	0.00%
$400k-600k	7	$3,125,000	$446,429	$0	0.00%
$600k-1MM	4	$3,250,000	$812,500	$0	0.00%
$1MM+	1	$19,005,000	$19,005,000	$0	0.00%

2018 saw Pinnacle Bank place emphasis on $100,000 or less loans with 163 originations, totaling $9,805,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	31	$4,345,000	$140,161	$0	0.00%
$150k-250k	30	$4,770,000	$159,000	$0	0.00%
$250k+	30	$5,430,000	$181,000	$0	0.00%
$50k-75k	29	$1,815,000	$62,586	$0	0.00%
$75k-100k	28	$3,010,000	$107,500	$0	0.00%
$50k or less	20	$1,020,000	$51,000	$0	0.00%

Pinnacle Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 30 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	285	$54,305,000	$190,544	$0	0.00%

Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 285 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	108	$32,910,000	$304,722	$0	0.00%
White	151	$18,745,000	$124,139	$0	0.00%
Not provided	16	$1,490,000	$93,125	$0	0.00%
Asian	4	$460,000	$115,000	$0	0.00%
American Indian	3	$435,000	$145,000	$0	0.00%
Black	3	$265,000	$88,333	$0	0.00%

Approval Rates

Total approvals of all applications
92.01%

Pinnacle Bank has an average approval rate.

Pick Rate

Approvals leading to origination
90.88%

Pinnacle Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	285	$54,305,000	$190,544

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$185,000	$185,000
Multifamily:Site-Built	1	$19,005,000	$19,005,000
Single Family (1-4 Units):Manufactured	25	$1,255,000	$50,200
Single Family (1-4 Units):Site-Built	258	$33,860,000	$131,240

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	1403 West Henderson Cleburne, TX 76033	Full Service B&M	$116,533
Pinnacle Bank	1521 N Cooper Suite 100 Arlington, TX 76011	Full Service B&M	$16,690
Pinnacle Bank	1700 East Broad Mansfield, TX 76063	Full Service B&M	$92,693
Pinnacle Bank	224 W. Katherine P. Raines Drive Cleburne, TX 76033	Full Service B&M	$33,158
Pinnacle Bank	2401 West Park Row Drive Pantego, TX 76013	Full Service B&M	$49,839
Pinnacle Bank	250 West Lancaster Avenue Fort Worth, TX 76102	Full Service Cyber Office	$5,174
Pinnacle Bank	250 West Lancaster Avenue Fort Worth, TX 76102	Full Service B&M	$14,827
Pinnacle Bank	2821 West 7th Street, Suite 150 Fort Worth, TX 76107	Full Service B&M	$8,582
Pinnacle Bank	2961 S.W. Wilshire Blvd. Burleson, TX 76028	Full Service B&M	$31,064
Pinnacle Bank	309 S Old Betsy Road Keene, TX 76059	Full Service B&M	$82,794
Pinnacle Bank	316 North West Parkway Azle, TX 76020	Full Service B&M	$100,991
Pinnacle Bank	3325 Fairfield Ave Fort Worth, TX 76116	Full Service B&M	$56,953
Pinnacle Bank	4313 Western Center Boulevard Fort Worth, TX 76137	Full Service B&M	$89,102
Pinnacle Bank	456 S. Broadway Joshua, TX 76058	Full Service B&M	$14,435
Pinnacle Bank	4607 Colleyville Boulevard Colleyville, TX 76034	Full Service B&M	$39,868
Pinnacle Bank	5100 Randol Mill Road Fort Worth, TX 76112	Full Service B&M	$0
Pinnacle Bank	651 Ne Alsbury Blvd Burleson, TX 76028	Full Service B&M	$41,421
Pinnacle Bank	6750 Bridge Street Fort Worth, TX 76112	Full Service B&M	$86,425
Pinnacle Bank	726 Highway 199 E Springtown, TX 76082	Full Service B&M	$74,621
Pinnacle Bank	800 South Us Hwy 287, Suite A Rhome, TX 76078	Full Service B&M	$29,049
Pinnacle Bank	8001 Boat Club Road Fort Worth, TX 76179	Full Service B&M	$68,818
Pinnacle Bank	9282 Benbrook Blvd. Benbrook, TX 76126	Full Service B&M	$60,866

For 2018, Pinnacle Bank had 22 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$53,811
Net interest income	$48,880
Total noninterest income	$7,175
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$3,542
Trading account gains and fees	$0
Additional Noninterest Income	$3,633
Pre-tax net operating income	$18,369
Securities gains (or losses, -)	$0
Income before extraordinary items	$16,519
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$16,519
Minority interest net income	$0
Net income	$16,519
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$16,519

Pinnacle Bank's gross interest income from loans was $53,811,000.
Pinnacle Bank's net interest income from loans was $48,880,000.
Pinnacle Bank's fee based income from loans was $3,542,000.
Pinnacle Bank's net income from loans was $16,519,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,931
Provision for credit losses	$2,526
Total noninterest expense	$35,160
Salaries and employee benefits	$17,728
Premises and equipment expense	$4,785
Additional noninterest expense	$12,647
Applicable income taxes	$1,850
Net charge-offs	$927
Cash dividends	$7,000

Pinnacle Bank's interest expense for loans was $4,931,000.
Pinnacle Bank's payroll and benefits expense were $17,728,000.
Pinnacle Bank's property, plant and equipment expenses $4,785,000.

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	$1,137,759
Deposits held in domestic offices	$1,137,759
Deposits by Individuals, partnerships, and corporations	$1,089,853
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$47,905
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$349,431
Demand deposits	$260,760
Nontransaction accounts	$788,328
Money market deposit accounts (MMDAs)	$454,356
Other savings deposits (excluding MMDAs)	$96,326
Total time deposits	$237,646
Total time and savings deposits	$876,999
Noninterest-bearing deposits	$251,329
Interest-bearing deposits	$886,430
Retail deposits	$1,031,274
IRAs and Keogh plan accounts	$24,912
Brokered deposits	$12,245
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,339,377
Cash & Balances due from depository institutions	$38,844
Interest-bearing balances	$18,696
Total securities	$307,493
Federal funds sold & reverse repurchase	$0
Net loans and leases	$884,313
Loan and leases loss allowance	$10,821
Trading account assets	$0
Bank premises and fixed assets	$30,104
Other real estate owned	$2,966
Goodwill and other intangibles	$66,536
All other assets	$9,121

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,339,377
Total Liabilities	$1,154,517
Total deposits	$1,137,759
Interest-bearing deposits	$886,430
Deposits held in domestic offices	$1,137,759
% insured (estimated)	$72
Federal funds purchased and repurchase agreements	$12,199
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$4,559

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$884,313
Loan and leases loss allowance	$10,821
Total loans and leases (domestic)	$895,134
All real estate loans	$766,184
Real estate loans in domestic offices	$766,184
Construction and development loans	$142,562
Residential 1-4 family construction	$75,647
Other construction, all land development and other land	$66,915
Loans secured by nonfarm nonresidential properties	$390,569
Nonfarm nonresidential secured by owner-occupied properties	$165,173
Commercial real estate & other non-farm, non-residential	$225,396
Multifamily residential real estate	$27,125
1-4 family residential loans	$187,630
Farmland loans	$18,298
Loans held in foreign offices	$0
Farm loans	$2,241
Commercial and industrial loans	$97,421
To non-U.S. addressees	$0
Loans to individuals	$21,362
Credit card loans	$551
Related Plans	$181
Consumer Auto Loans	$7,520
Other loans to individuals	$13,110
All other loans & leases	$9,611
Loans to foreign governments and official institutions	$0
Other loans	$1,590
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$187
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$838
Non 1-4 family restructured loans & leases	$838
Total loans and leases (foreign)	$0

Pinnacle Bank had $884,313,000 of loans outstanding in 2018. $766,184,000 of loans were in real estate loans. $142,562,000 of loans were in development loans. $27,125,000 of loans were in multifamily mortgage loans. $187,630,000 of loans were in 1-4 family mortgage loans. $2,241,000 of loans were in farm loans. $551,000 of loans were in credit card loans. $7,520,000 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	445	$98,092	$220,431
Nonfarm, nonresidential loans - <$100k	94	$4,099	$43,606
Nonfarm, nonresidential loans - $100-250k	153	$19,388	$126,719
Nonfarm, nonresidential loans - $250k-1MM	198	$74,605	$376,793
Commercial & Industrial, US addressed loans - <$1MM	856	$56,688	$66,224
Commercial & Industrial, US addressed loans - <$100k	607	$12,131	$19,985
Commercial & Industrial, US addressed loans - $100-250k	132	$12,140	$91,970
Commercial & Industrial, US addressed loans - $250k-1MM	117	$32,417	$277,068
Farmland loans - <$1MM	30	$3,429	$114,300
Farmland loans - <$100k	8	$180	$22,500
Farmland loans - $100-250k	17	$1,973	$116,059
Farmland loans - $250k-1MM	5	$1,276	$255,200
Agriculture operations loans - <$1MM	56	$1,517	$27,089
Agriculture operations loans - <$100k	49	$884	$18,041
Agriculture operations loans - $100-250k	5	$347	$69,400
Agriculture operations loans - $250k-1MM	2	$286	$143,000