Bank of the South - Pinnacle Mortgage Lending & HMDA Data, 2004
In 2004, Bank of the South - Pinnacle of Nashville, TN reported 557 mortgage applications totaling $63.8 million, down 20% from 2003. The average application was for $114,590, and applicants reported an average income of $68,179. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Nashville-Davidson--Murfreesboro, TN (528), Knoxville, TN (3) and Clarksville, TN-KY (2) (applications in parentheses).
| Mortgage Company & Address | Bank of the South - Pinnacle 211 Commerce St, Suite 300 Nashville, TN 37201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 557 |
| Total Mortgage Loan Application Amount | $63,827,000 |
| Average Mortgage Loan Application Amount | $114,590 |
| Highest Mortgage Loan Application Amount | $648,000 |
| Average Applicant Income | $68,179 |
| Highest Applicant Income | $1,258,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of the South - Pinnacle filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Wilson, Tennessee | 264 | $ 30,955,000 | $ 117,253 | $ 62,000 |
| Rutherford, Tennessee | 175 | $ 20,312,000 | $ 116,068 | $ 67,000 |
| Davidson, Tennessee | 68 | $ 7,365,000 | $ 108,308 | $ 70,000 |
| Sumner, Tennessee | 8 | $ 1,041,000 | $ 130,125 | $ 72,000 |
| Marshall, Tennessee | 4 | $ 444,000 | $ 111,000 | $ 74,000 |
| Williamson, Tennessee | 4 | $ 1,032,000 | $ 258,000 | $ 151,000 |
| Blount, Tennessee | 3 | $ 265,000 | $ 88,333 | $ 69,000 |
| Coffee, Tennessee | 3 | $ 244,000 | $ 81,333 | $ 48,000 |
| Smith, Tennessee | 3 | $ 447,000 | $ 149,000 | $ 41,000 |
| Trousdale, Tennessee | 3 | $ 237,000 | $ 79,000 | $ 50,000 |
| Montgomery, Tennessee | 2 | $ 128,000 | $ 64,000 | $ 50,000 |
| Robertson, Tennessee | 2 | $ 272,000 | $ 136,000 | $ 73,000 |
| Bedford, Tennessee | 1 | $ 81,000 | $ 81,000 | $ 24,000 |
| DeKalb, Tennessee | 1 | $ 216,000 | $ 216,000 | $ 224,000 |
| Dickson, Tennessee | 1 | $ 62,000 | $ 62,000 | $ 63,000 |
| Giles, Tennessee | 1 | $ 20,000 | $ 20,000 | $ 61,000 |
| Jackson, Tennessee | 1 | $ 49,000 | $ 49,000 | $ 23,000 |
| Macon, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 105,000 |
| Maury, Tennessee | 1 | $ 140,000 | $ 140,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Bank of the South - Pinnacle in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 253 | $31,563,000 | $144,500 | $528,000 | $53,500 | $702,000 |
| Home Purchase | 244 | $30,166,000 | $97,000 | $648,000 | $61,500 | $978,000 |
| Home Improvement | 60 | $2,098,000 | $21,000 | $250,000 | $53,000 | $1,258,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 490 | $56,173,000 | $79,000 | $648,000 | $61,500 | $1,258,000 |
| Not applicable | 27 | $2,437,000 | $90,000 | $150,000 | $9,000 | $46,000 |
| Black or African American | 15 | $1,978,000 | $131,000 | $240,000 | $52,000 | $95,000 |
| Asian | 12 | $1,398,000 | $116,000 | $150,000 | $58,000 | $115,000 |
| Hispanic | 9 | $998,000 | $110,000 | $218,000 | $55,000 | $63,000 |
| American Indian or Alaskan Native | 2 | $618,000 | $309,000 | $528,000 | $102,000 | $161,000 |
| Not Provided | 2 | $225,000 | $112,000 | $113,000 | $98,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 456 | $51,194,000 | $75,000 | $648,000 | $64,000 | $1,258,000 |
| FHA-insured (Federal Housing Administration) | 86 | $10,667,000 | $124,000 | $226,000 | $40,000 | $128,000 |
| VA-guaranteed (Veterans Administration) | 15 | $1,966,000 | $115,500 | $181,000 | $44,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 503 | $56,706,000 | $59,500 | $528,000 | $67,500 | $1,258,000 |
| Application Approved But Not Accepted | 36 | $5,693,000 | $137,000 | $648,000 | $74,500 | $702,000 |
| Application Denied By Financial Institution | 15 | $1,074,000 | $71,000 | $220,000 | $55,000 | $92,000 |
| Application Withdrawn By Applicant | 2 | $259,000 | $129,000 | $149,000 | $45,000 | $57,000 |
| Preapproval Denied by Financial Institution | 1 | $95,000 | $95,000 | $95,000 | $28,000 | $28,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of the South - Pinnacle's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Bank of the South - Pinnacle's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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