Pinnacle Bank Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 549300SDQ83FUC7IK543

Tax ID: 74-1666441

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 is a smaller bank specializing in Home Purchase loans. Pinnacle Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Auburn, Stephenville, Corpus Christi, and Abilene among others. We have data for 13 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 a below average pick rate when compared to similar lenders.

    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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    Originations

    251

    Origination Dollar Volume (All Markets)

    $46,985,000

    Employee count

    235

    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) 213 $36,415,000 $170,962 $0 0.00%
    Outside of Metro Areas 17 $8,145,000 $479,118 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    Stephenville, TX (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    ABILENE, TX (FHA|USDA|VA) 6 $320,000 $53,333 $0 0.00%
    Granbury, TX (FHA|USDA|VA) 3 $295,000 $98,333 $0 0.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Big Spring, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Mineral Wells, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Pinnacle Bank's top markets include Dallas, Auburn, Stephenville, Corpus Christi, and Abilene among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 251 $46,985,000 $187,191 $0 0.00%

    For 2019, Pinnacle Bank's most frequently originated type of loan was Conventional, with 251 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 158 $35,040,000 $221,772 $0 0.00%
    Refi 61 $9,115,000 $149,426 $0 0.00%
    Home Improvement 23 $1,965,000 $85,435 $0 0.00%
    Other 9 $865,000 $96,111 $0 0.00%

    For 2019, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 251 $46,985,000 $187,191 $0 0.00%

    For 2019, Pinnacle Bank's most frequently cited loan duration was Other, with 251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $7,090,000 $62,193 $0 0.00%
    $100k-200k 90 $12,190,000 $135,444 $0 0.00%
    $200k-400k 30 $8,170,000 $272,333 $0 0.00%
    $1MM+ 7 $13,535,000 $1,933,571 $0 0.00%
    $400k-600k 6 $3,010,000 $501,667 $0 0.00%
    $600k-1MM 4 $2,990,000 $747,500 $0 0.00%

    2019 saw Pinnacle Bank place emphasis on $100,000 or less loans with 114 originations, totaling $7,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 34 $11,940,000 $351,176 $0 0.00%
    $100k-150k 28 $3,090,000 $110,357 $0 0.00%
    $150k-250k 21 $3,975,000 $189,286 $0 0.00%
    $75k-100k 18 $1,510,000 $83,889 $0 0.00%
    $50k-75k 17 $1,145,000 $67,353 $0 0.00%
    $50k or less 16 $990,000 $61,875 $0 0.00%

    Pinnacle Bank lent most frequently to those with incomes in the $250k+ range, with 34 originations. The second most popular income band? $100k-150k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 251 $46,985,000 $187,191 $0 0.00%

    Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 251 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 112 $23,690,000 $211,518 $0 0.00%
    White 125 $20,915,000 $167,320 $0 0.00%
    Not provided 10 $1,940,000 $194,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%
    Asian 2 $150,000 $75,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.56%

    Pinnacle Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.06%

    Pinnacle Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 251 $46,985,000 $187,191

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $11,460,000 $1,146,000
    Single Family (1-4 Units):Manufactured 23 $1,635,000 $71,087
    Single Family (1-4 Units):Site-Built 218 $33,890,000 $155,459

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Pinnacle Finance LLC Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pinnacle Bank 1403 West Henderson Cleburne, TX 76033 Full Service B&M $121,080
    Pinnacle Bank 1521 N Cooper Suite 100 Arlington, TX 76011 Full Service B&M $20,270
    Pinnacle Bank 1700 East Broad Mansfield, TX 76063 Full Service B&M $100,062
    Pinnacle Bank 224 W. Katherine P. Raines Drive Cleburne, TX 76033 Full Service B&M $40,179
    Pinnacle Bank 2401 West Park Row Drive Pantego, TX 76013 Full Service B&M $53,957
    Pinnacle Bank 250 West Lancaster Avenue Fort Worth, TX 76102 Full Service Cyber Office $3,441
    Pinnacle Bank 250 West Lancaster Avenue, Suite 170 Fort Worth, TX 76102 Full Service B&M $32,996
    Pinnacle Bank 2821 West 7th Street, Suite 150 Fort Worth, TX 76107 Full Service B&M $9,264
    Pinnacle Bank 2961 S.W. Wilshire Blvd. Burleson, TX 76028 Full Service B&M $31,272
    Pinnacle Bank 309 S Old Betsy Road Keene, TX 76059 Full Service B&M $77,363
    Pinnacle Bank 316 North West Parkway Azle, TX 76020 Full Service B&M $105,720
    Pinnacle Bank 3325 Fairfield Ave Fort Worth, TX 76116 Full Service B&M $66,080
    Pinnacle Bank 4313 Western Center Boulevard Fort Worth, TX 76137 Full Service B&M $86,510
    Pinnacle Bank 456 S. Broadway Joshua, TX 76058 Full Service B&M $19,328
    Pinnacle Bank 4607 Colleyville Boulevard Colleyville, TX 76034 Full Service B&M $47,674
    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 $51,000
    Pinnacle Bank 6750 Bridge Street Fort Worth, TX 76112 Full Service B&M $103,562
    Pinnacle Bank 726 Highway 199 E Springtown, TX 76082 Full Service B&M $84,547
    Pinnacle Bank 800 South Us Hwy 287, Suite A Rhome, TX 76078 Full Service B&M $29,950
    Pinnacle Bank 8001 Boat Club Road Fort Worth, TX 76179 Full Service B&M $74,502
    Pinnacle Bank 9282 Benbrook Blvd. Benbrook, TX 76126 Full Service B&M $72,293

    For 2019, Pinnacle Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $61,437
    Net interest income $52,402
    Total noninterest income $5,956
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,422
    Trading account gains and fees $0
    Additional Noninterest Income $2,534
    Pre-tax net operating income $20,687
    Securities gains (or losses, -) $-1
    Income before extraordinary items $16,395
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,395
    Minority interest net income $0
    Net income $16,395
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,395

    Pinnacle Bank's gross interest income from loans was $61,437,000.
    Pinnacle Bank's net interest income from loans was $52,402,000.
    Pinnacle Bank's fee based income from loans was $3,422,000.
    Pinnacle Bank's net income from loans was $16,395,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,035
    Provision for credit losses $983
    Total noninterest expense $36,688
    Salaries and employee benefits $18,032
    Premises and equipment expense $4,842
    Additional noninterest expense $13,814
    Applicable income taxes $4,291
    Net charge-offs $-5
    Cash dividends $2,000

    Pinnacle Bank's interest expense for loans was $9,035,000.
    Pinnacle Bank's payroll and benefits expense were $18,032,000.
    Pinnacle Bank's property, plant and equipment expenses $4,842,000.

    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 1.1%
    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 $1,277,983
    Deposits held in domestic offices $1,277,983
    Deposits by Individuals, partnerships, and corporations $1,222,660
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $55,322
    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 $375,067
    Demand deposits $276,800
    Nontransaction accounts $902,916
    Money market deposit accounts (MMDAs) $518,665
    Other savings deposits (excluding MMDAs) $105,740
    Total time deposits $278,511
    Total time and savings deposits $1,001,183
    Noninterest-bearing deposits $265,824
    Interest-bearing deposits $1,012,159
    Retail deposits $1,173,340
    IRAs and Keogh plan accounts $27,567
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,486,228
    Cash & Balances due from depository institutions $44,334
    Interest-bearing balances $18,799
    Total securities $350,053
    Federal funds sold & reverse repurchase $41,451
    Net loans and leases $944,001
    Loan and leases loss allowance $11,809
    Trading account assets $0
    Bank premises and fixed assets $33,718
    Other real estate owned $1,328
    Goodwill and other intangibles $64,890
    All other assets $6,453

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,486,228
    Total Liabilities $1,281,596
    Total deposits $1,277,983
    Interest-bearing deposits $1,012,159
    Deposits held in domestic offices $1,277,983
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,613

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $944,001
    Loan and leases loss allowance $11,809
    Total loans and leases (domestic) $955,810
    All real estate loans $821,029
    Real estate loans in domestic offices $821,029
    Construction and development loans $169,727
    Residential 1-4 family construction $95,609
    Other construction, all land development and other land $74,118
    Loans secured by nonfarm nonresidential properties $399,964
    Nonfarm nonresidential secured by owner-occupied properties $150,961
    Commercial real estate & other non-farm, non-residential $249,003
    Multifamily residential real estate $41,121
    1-4 family residential loans $198,037
    Farmland loans $12,180
    Loans held in foreign offices $0
    Farm loans $2,789
    Commercial and industrial loans $104,915
    To non-U.S. addressees $0
    Loans to individuals $20,629
    Credit card loans $557
    Related Plans $159
    Consumer Auto Loans $7,336
    Other loans to individuals $12,577
    All other loans & leases $8,331
    Loans to foreign governments and official institutions $0
    Other loans $587
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $160
    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 had $944,001,000 of loans outstanding in 2019. $821,029,000 of loans were in real estate loans. $169,727,000 of loans were in development loans. $41,121,000 of loans were in multifamily mortgage loans. $198,037,000 of loans were in 1-4 family mortgage loans. $2,789,000 of loans were in farm loans. $557,000 of loans were in credit card loans. $7,336,000 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 466 $107,477 $230,637
    Nonfarm, nonresidential loans - <$100k 85 $3,715 $43,706
    Nonfarm, nonresidential loans - $100-250k 159 $20,161 $126,799
    Nonfarm, nonresidential loans - $250k-1MM 222 $83,601 $376,581
    Commercial & Industrial, US addressed loans - <$1MM 830 $50,678 $61,058
    Commercial & Industrial, US addressed loans - <$100k 604 $12,340 $20,430
    Commercial & Industrial, US addressed loans - $100-250k 120 $11,789 $98,242
    Commercial & Industrial, US addressed loans - $250k-1MM 106 $26,549 $250,462
    Farmland loans - <$1MM 31 $3,830 $123,548
    Farmland loans - <$100k 8 $346 $43,250
    Farmland loans - $100-250k 20 $2,643 $132,150
    Farmland loans - $250k-1MM 3 $841 $280,333
    Agriculture operations loans - <$1MM 53 $1,650 $31,132
    Agriculture operations loans - <$100k 48 $752 $15,667
    Agriculture operations loans - $100-250k 3 $252 $84,000
    Agriculture operations loans - $250k-1MM 2 $646 $323,000