Pinnacle Bank Mortgage Rates, Fees & Info
Fort Worth, TXLEI: 549300SDQ83FUC7IK543
Tax ID: 74-1666441
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Mortgage Data
Bank 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, Houston, Steamboat Springs, College Station, and Stephenville among others. We have data for 15 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.
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Originations
253Origination Dollar Volume (All Markets)
$66,265,000Employee count
223Top 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) | 174 | $47,070,000 | $270,517 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 28 | $6,620,000 | $236,429 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $2,230,000 | $185,833 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 13 | $845,000 | $65,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 250 | $65,060,000 | $260,240 | $0 | 0.00% |
| VA | 3 | $1,205,000 | $401,667 | $0 | 0.00% |
For 2021, Pinnacle Bank's most frequently originated type of loan was Conventional, with 250 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2021, Pinnacle Bank's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Refi, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 253 | $66,265,000 | $261,917 | $0 | 0.00% |
For 2021, Pinnacle Bank's most frequently cited loan duration was Other, with 253 originations.
Loan Sizing
2021 saw Pinnacle Bank place emphasis on $100k-200k loans with 96 originations, totaling $14,530,000 in origination value.
Applicant Income
Pinnacle Bank lent most frequently to those with incomes in the $150k-250k range, with 30 originations. The second most popular income band? $250k+, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 253 | $66,265,000 | $261,917 | $0 | 0.00% |
Pinnacle Bank lent most frequently to those with DTI ratios of Exempt%, with 253 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.30%
Pinnacle Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.93%
Pinnacle Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 253 | $66,265,000 | $261,917 |
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 | 1403 West Henderson Cleburne, TX 76033 | Full Service B&M | $158,586 |
| Pinnacle Bank | 1521 N Cooper Suite 100 Arlington, TX 76011 | Full Service B&M | $34,307 |
| Pinnacle Bank | 1700 East Broad Mansfield, TX 76063 | Full Service B&M | $129,636 |
| Pinnacle Bank | 220 Us Hwy 287 Midlothian, TX 76065 | Full Service B&M | $13,931 |
| Pinnacle Bank | 226 W Katherine P Raines Rd Cleburne, TX 76033 | Full Service B&M | $46,475 |
| Pinnacle Bank | 2401 West Park Row Drive Pantego, TX 76013 | Full Service B&M | $78,268 |
| Pinnacle Bank | 250 West Lancaster Avenue Fort Worth, TX 76102 | Full Service Cyber Office | $7,892 |
| Pinnacle Bank | 250 West Lancaster Avenue, Suite 170 Fort Worth, TX 76102 | Full Service B&M | $78,191 |
| Pinnacle Bank | 2961 S.W. Wilshire Blvd. Burleson, TX 76028 | Full Service B&M | $46,814 |
| Pinnacle Bank | 309 S Old Betsy Road Keene, TX 76059 | Full Service B&M | $101,042 |
| Pinnacle Bank | 316 North West Parkway Azle, TX 76020 | Full Service B&M | $133,853 |
| Pinnacle Bank | 3325 Fairfield Ave Fort Worth, TX 76116 | Full Service B&M | $90,340 |
| Pinnacle Bank | 4313 Western Center Boulevard Fort Worth, TX 76137 | Full Service B&M | $114,149 |
| Pinnacle Bank | 4535 E Us Highway 377 Granbury, TX 76049 | Full Service B&M | $27,956 |
| Pinnacle Bank | 456 S. Broadway Joshua, TX 76058 | Full Service B&M | $27,176 |
| Pinnacle Bank | 4607 Colleyville Boulevard Colleyville, TX 76034 | Full Service B&M | $60,536 |
| Pinnacle Bank | 501 N Hwy 174 Rio Vista, TX 76093 | Full Service B&M | $3,090 |
| Pinnacle Bank | 651 Ne Alsbury Blvd Burleson, TX 76028 | Full Service B&M | $72,382 |
| Pinnacle Bank | 6750 Bridge Street Fort Worth, TX 76112 | Full Service B&M | $113,632 |
| Pinnacle Bank | 726 Highway 199 E Springtown, TX 76082 | Full Service B&M | $117,611 |
| Pinnacle Bank | 800 South Us Hwy 287, Suite A Rhome, TX 76078 | Full Service B&M | $32,814 |
| Pinnacle Bank | 8001 Boat Club Road Fort Worth, TX 76179 | Full Service B&M | $113,960 |
| Pinnacle Bank | 9282 Benbrook Blvd. Benbrook, TX 76126 | Full Service B&M | $105,069 |
For 2021, Pinnacle Bank had 23 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $65,959 |
| Net interest income | $62,990 |
| Total noninterest income | $5,329 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,127 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,202 |
| Pre-tax net operating income | $28,745 |
| Securities gains (or losses, -) | $-2 |
| Income before extraordinary items | $22,698 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $22,698 |
| Minority interest net income | $0 |
| Net income | $22,698 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $22,699 |
Pinnacle Bank's gross interest income from loans was $65,959,000.
Pinnacle Bank's net interest income from loans was $62,990,000.
Pinnacle Bank's fee based income from loans was $3,127,000.
Pinnacle Bank's net income from loans was $22,698,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,969 |
| Provision for credit losses | $2,039 |
| Total noninterest expense | $37,535 |
| Salaries and employee benefits | $18,814 |
| Premises and equipment expense | $5,284 |
| Additional noninterest expense | $13,437 |
| Applicable income taxes | $6,045 |
| Net charge-offs | $214 |
| Cash dividends | $0 |
Pinnacle Bank's interest expense for loans was $2,969,000.
Pinnacle Bank's payroll and benefits expense were $18,814,000.
Pinnacle Bank's property, plant and equipment expenses $5,284,000.
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 | 0.3% |
| 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 | $1,855,277 |
| Deposits held in domestic offices | $1,855,277 |
| Deposits by Individuals, partnerships, and corporations | $1,726,519 |
| Deposits by U.S. Government | $6 |
| Deposits by States and political subdivisions in the U.S. | $128,752 |
| 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 | $649,170 |
| Demand deposits | $483,847 |
| Nontransaction accounts | $1,206,107 |
| Money market deposit accounts (MMDAs) | $815,414 |
| Other savings deposits (excluding MMDAs) | $195,529 |
| Total time deposits | $195,165 |
| Total time and savings deposits | $1,371,430 |
| Noninterest-bearing deposits | $396,731 |
| Interest-bearing deposits | $1,458,546 |
| Retail deposits | $1,778,922 |
| IRAs and Keogh plan accounts | $23,107 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,093,549 |
| Cash & Balances due from depository institutions | $45,126 |
| Interest-bearing balances | $21,244 |
| Total securities | $830,632 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,113,318 |
| Loan and leases loss allowance | $15,374 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32,776 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $61,736 |
| All other assets | $9,961 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,093,549 |
| Total Liabilities | $1,861,033 |
| Total deposits | $1,855,277 |
| Interest-bearing deposits | $1,458,546 |
| Deposits held in domestic offices | $1,855,277 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,756 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,113,318 |
| Loan and leases loss allowance | $15,374 |
| Total loans and leases (domestic) | $1,128,692 |
| All real estate loans | $993,412 |
| Real estate loans in domestic offices | $993,412 |
| Construction and development loans | $223,311 |
| Residential 1-4 family construction | $119,415 |
| Other construction, all land development and other land | $103,896 |
| Loans secured by nonfarm nonresidential properties | $531,020 |
| Nonfarm nonresidential secured by owner-occupied properties | $163,901 |
| Commercial real estate & other non-farm, non-residential | $367,119 |
| Multifamily residential real estate | $28,438 |
| 1-4 family residential loans | $181,131 |
| Farmland loans | $29,512 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,325 |
| Commercial and industrial loans | $121,279 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $15,032 |
| Credit card loans | $654 |
| Related Plans | $122 |
| Consumer Auto Loans | $6,005 |
| Other loans to individuals | $8,251 |
| All other loans & leases | $457 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $217 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $10 |
| 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 $1,113,318,000 of loans outstanding in 2021. $993,412,000 of loans were in real estate loans. $223,311,000 of loans were in development loans. $28,438,000 of loans were in multifamily mortgage loans. $181,131,000 of loans were in 1-4 family mortgage loans. $2,325,000 of loans were in farm loans. $654,000 of loans were in credit card loans. $6,005,000 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 | 549 | $120,585 | $219,645 |
| Nonfarm, nonresidential loans - <$100k | 65 | $2,636 | $40,554 |
| Nonfarm, nonresidential loans - $100-250k | 159 | $17,793 | $111,906 |
| Nonfarm, nonresidential loans - $250k-1MM | 325 | $100,156 | $308,172 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,469 | $67,259 | $45,786 |
| Commercial & Industrial, US addressed loans - <$100k | 960 | $19,012 | $19,804 |
| Commercial & Industrial, US addressed loans - $100-250k | 283 | $17,363 | $61,353 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 226 | $30,884 | $136,655 |
| Farmland loans - <$1MM | 31 | $5,018 | $161,871 |
| Farmland loans - <$100k | 6 | $291 | $48,500 |
| Farmland loans - $100-250k | 16 | $1,979 | $123,688 |
| Farmland loans - $250k-1MM | 9 | $2,748 | $305,333 |
| Agriculture operations loans - <$1MM | 53 | $1,575 | $29,717 |
| Agriculture operations loans - <$100k | 48 | $730 | $15,208 |
| Agriculture operations loans - $100-250k | 3 | $115 | $38,333 |
| Agriculture operations loans - $250k-1MM | 2 | $730 | $365,000 |