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 and Refi loans. Pinnacle Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Granbury, Mineral Wells, Austin, and Oklahoma City among others. We have data for 8 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.

    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

    233

    Origination Dollar Volume (All Markets)

    $53,255,000

    Employee count

    231

    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) 200 $43,760,000 $218,800 $0 0.00%
    Outside of Metro Areas 19 $4,755,000 $250,263 $0 0.00%
    Granbury, TX (FHA|USDA|VA) 5 $3,015,000 $603,000 $0 0.00%
    Mineral Wells, TX (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    ABILENE, TX (FHA|USDA|VA) 4 $190,000 $47,500 $0 0.00%
    Stephenville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Pinnacle Bank's top markets include Dallas, Granbury, Mineral Wells, Austin, and Oklahoma City among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $53,255,000 $228,562 $0 0.00%

    For 2020, Pinnacle Bank's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 142 $30,820,000 $217,042 $0 0.00%
    Refi 70 $19,480,000 $278,286 $0 0.00%
    Home Improvement 16 $1,940,000 $121,250 $0 0.00%
    Other 5 $1,015,000 $203,000 $0 0.00%

    For 2020, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 142 originations. The 2nd most popular reason was Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 233 $53,255,000 $228,562 $0 0.00%

    For 2020, Pinnacle Bank's most frequently cited loan duration was Other, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 83 $11,375,000 $137,048 $0 0.00%
    $100,000 or less 78 $5,040,000 $64,615 $0 0.00%
    $200k-400k 50 $14,910,000 $298,200 $0 0.00%
    $400k-600k 8 $3,640,000 $455,000 $0 0.00%
    $1MM+ 7 $12,925,000 $1,846,429 $0 0.00%
    $600k-1MM 7 $5,365,000 $766,429 $0 0.00%

    2020 saw Pinnacle Bank place emphasis on $100k-200k loans with 83 originations, totaling $11,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 27 $11,395,000 $422,037 $0 0.00%
    $100k-150k 23 $2,855,000 $124,130 $0 0.00%
    $150k-250k 23 $4,745,000 $206,304 $0 0.00%
    $50k-75k 21 $2,235,000 $106,429 $0 0.00%
    $50k or less 17 $1,325,000 $77,941 $0 0.00%
    $75k-100k 10 $1,080,000 $108,000 $0 0.00%

    Pinnacle Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 233 $53,255,000 $228,562 $0 0.00%

    Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 112 $29,620,000 $264,464 $0 0.00%
    White 106 $21,650,000 $204,245 $0 0.00%
    Asian 4 $880,000 $220,000 $0 0.00%
    Not provided 7 $735,000 $105,000 $0 0.00%
    Black 3 $285,000 $95,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.43%

    Pinnacle Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.56%

    Pinnacle Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 233 $53,255,000 $228,562

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $440,000 $220,000
    Multifamily:Site-Built 13 $12,155,000 $935,000
    Single Family (1-4 Units):Manufactured 14 $1,180,000 $84,286
    Single Family (1-4 Units):Site-Built 204 $39,480,000 $193,529

    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 1403 West Henderson Cleburne, TX 76033 Full Service B&M $141,781
    Pinnacle Bank 1521 N Cooper Suite 100 Arlington, TX 76011 Full Service B&M $29,464
    Pinnacle Bank 1700 East Broad Mansfield, TX 76063 Full Service B&M $133,108
    Pinnacle Bank 220 Us Hwy 287 Midlothian, TX 76065 Full Service B&M $5,050
    Pinnacle Bank 224 W. Katherine P. Raines Drive Cleburne, TX 76033 Full Service B&M $45,779
    Pinnacle Bank 2401 West Park Row Drive Pantego, TX 76013 Full Service B&M $71,763
    Pinnacle Bank 250 West Lancaster Avenue Fort Worth, TX 76102 Full Service Cyber Office $5,064
    Pinnacle Bank 250 West Lancaster Avenue, Suite 170 Fort Worth, TX 76102 Full Service B&M $48,903
    Pinnacle Bank 2961 S.W. Wilshire Blvd. Burleson, TX 76028 Full Service B&M $37,162
    Pinnacle Bank 309 S Old Betsy Road Keene, TX 76059 Full Service B&M $89,097
    Pinnacle Bank 316 North West Parkway Azle, TX 76020 Full Service B&M $122,041
    Pinnacle Bank 3325 Fairfield Ave Fort Worth, TX 76116 Full Service B&M $82,245
    Pinnacle Bank 4313 Western Center Boulevard Fort Worth, TX 76137 Full Service B&M $111,514
    Pinnacle Bank 456 S. Broadway Joshua, TX 76058 Full Service B&M $22,712
    Pinnacle Bank 4607 Colleyville Boulevard Colleyville, TX 76034 Full Service B&M $50,451
    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 $58,066
    Pinnacle Bank 6750 Bridge Street Fort Worth, TX 76112 Full Service B&M $107,201
    Pinnacle Bank 726 Highway 199 E Springtown, TX 76082 Full Service B&M $103,489
    Pinnacle Bank 800 South Us Hwy 287, Suite A Rhome, TX 76078 Full Service B&M $35,949
    Pinnacle Bank 8001 Boat Club Road Fort Worth, TX 76179 Full Service B&M $83,451
    Pinnacle Bank 9282 Benbrook Blvd. Benbrook, TX 76126 Full Service B&M $87,196

    For 2020, Pinnacle Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,223
    Net interest income $57,860
    Total noninterest income $6,246
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,951
    Trading account gains and fees $0
    Additional Noninterest Income $3,295
    Pre-tax net operating income $23,655
    Securities gains (or losses, -) $0
    Income before extraordinary items $18,686
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,686
    Minority interest net income $0
    Net income $18,686
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,686

    Pinnacle Bank's gross interest income from loans was $64,223,000.
    Pinnacle Bank's net interest income from loans was $57,860,000.
    Pinnacle Bank's fee based income from loans was $2,951,000.
    Pinnacle Bank's net income from loans was $18,686,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,363
    Provision for credit losses $2,739
    Total noninterest expense $37,712
    Salaries and employee benefits $18,852
    Premises and equipment expense $4,884
    Additional noninterest expense $13,976
    Applicable income taxes $4,969
    Net charge-offs $999
    Cash dividends $5,500

    Pinnacle Bank's interest expense for loans was $6,363,000.
    Pinnacle Bank's payroll and benefits expense were $18,852,000.
    Pinnacle Bank's property, plant and equipment expenses $4,884,000.

    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 0.8%
    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 $1,501,900
    Deposits held in domestic offices $1,501,900
    Deposits by Individuals, partnerships, and corporations $1,442,047
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $59,848
    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 $449,516
    Demand deposits $339,847
    Nontransaction accounts $1,052,383
    Money market deposit accounts (MMDAs) $678,588
    Other savings deposits (excluding MMDAs) $148,083
    Total time deposits $225,711
    Total time and savings deposits $1,162,052
    Noninterest-bearing deposits $323,927
    Interest-bearing deposits $1,177,973
    Retail deposits $1,417,236
    IRAs and Keogh plan accounts $25,575
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,732,310
    Cash & Balances due from depository institutions $34,225
    Interest-bearing balances $9,261
    Total securities $474,473
    Federal funds sold & reverse repurchase $60,589
    Net loans and leases $1,055,594
    Loan and leases loss allowance $13,549
    Trading account assets $0
    Bank premises and fixed assets $35,246
    Other real estate owned $1,328
    Goodwill and other intangibles $63,313
    All other assets $7,542

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,732,310
    Total Liabilities $1,508,128
    Total deposits $1,501,900
    Interest-bearing deposits $1,177,973
    Deposits held in domestic offices $1,501,900
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,228

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,055,594
    Loan and leases loss allowance $13,549
    Total loans and leases (domestic) $1,069,143
    All real estate loans $874,323
    Real estate loans in domestic offices $874,323
    Construction and development loans $203,867
    Residential 1-4 family construction $92,701
    Other construction, all land development and other land $111,166
    Loans secured by nonfarm nonresidential properties $414,913
    Nonfarm nonresidential secured by owner-occupied properties $171,355
    Commercial real estate & other non-farm, non-residential $243,558
    Multifamily residential real estate $46,084
    1-4 family residential loans $196,237
    Farmland loans $13,222
    Loans held in foreign offices $0
    Farm loans $2,100
    Commercial and industrial loans $167,755
    To non-U.S. addressees $0
    Loans to individuals $17,147
    Credit card loans $530
    Related Plans $144
    Consumer Auto Loans $7,067
    Other loans to individuals $9,406
    All other loans & leases $11,841
    Loans to foreign governments and official institutions $0
    Other loans $5,227
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $158
    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 $1,055,594,000 of loans outstanding in 2020. $874,323,000 of loans were in real estate loans. $203,867,000 of loans were in development loans. $46,084,000 of loans were in multifamily mortgage loans. $196,237,000 of loans were in 1-4 family mortgage loans. $2,100,000 of loans were in farm loans. $530,000 of loans were in credit card loans. $7,067,000 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 556 $114,996 $206,827
    Nonfarm, nonresidential loans - <$100k 69 $2,918 $42,290
    Nonfarm, nonresidential loans - $100-250k 168 $19,627 $116,827
    Nonfarm, nonresidential loans - $250k-1MM 319 $92,451 $289,815
    Commercial & Industrial, US addressed loans - <$1MM 2,265 $104,762 $46,253
    Commercial & Industrial, US addressed loans - <$100k 1,510 $34,333 $22,737
    Commercial & Industrial, US addressed loans - $100-250k 397 $26,602 $67,008
    Commercial & Industrial, US addressed loans - $250k-1MM 358 $43,827 $122,422
    Farmland loans - <$1MM 35 $4,120 $117,714
    Farmland loans - <$100k 11 $507 $46,091
    Farmland loans - $100-250k 18 $2,189 $121,611
    Farmland loans - $250k-1MM 6 $1,424 $237,333
    Agriculture operations loans - <$1MM 61 $1,516 $24,852
    Agriculture operations loans - <$100k 54 $829 $15,352
    Agriculture operations loans - $100-250k 5 $197 $39,400
    Agriculture operations loans - $250k-1MM 2 $490 $245,000