Pinnacle Bank Mortgage Lending & HMDA Data, 2016

In 2016, Pinnacle Bank of Nashville, TN reported 4,808 mortgage applications totaling $1.5 billion, up 13% from 2015. The average application was for $311,011, and applicants reported an average income of $120,450. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (2,839), Memphis, TN-MS-AR (1,027) and Knoxville, TN (396) (applications in parentheses).

Mortgage Company & Address Pinnacle Bank
150 3rd Ave South, Suite 900
Nashville, TN 37201
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  
Total Number of Mortgage Applications 4,808
Total Mortgage Loan Application Amount $1,495,342,000
Average Mortgage Loan Application Amount $311,011
Highest Mortgage Loan Application Amount $31,500,000
Average Applicant Income $120,450
Highest Applicant Income $9,999,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pinnacle Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Pinnacle Bank by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Davidson, Tennessee 1,145 $ 343,049,000 $ 299,606 $ 138,000
Shelby, Tennessee 839 $ 269,667,000 $ 321,414 $ 107,000
Rutherford, Tennessee 498 $ 96,297,000 $ 193,367 $ 84,000
Williamson, Tennessee 459 $ 154,554,000 $ 336,718 $ 138,000
Sumner, Tennessee 283 $ 71,966,000 $ 254,296 $ 98,000
Knox, Tennessee 261 $ 59,347,000 $ 227,383 $ 103,000
Wilson, Tennessee 210 $ 50,465,000 $ 240,309 $ 93,000
Hamilton, Tennessee 182 $ 73,553,000 $ 404,137 $ 148,000
Blount, Tennessee 103 $ 37,286,000 $ 362,000 $ 330,000
DeSoto, Mississippi 90 $ 14,234,000 $ 158,155 $ 72,000
Robertson, Tennessee 66 $ 12,557,000 $ 190,257 $ 71,000
Cheatham, Tennessee 56 $ 9,348,000 $ 166,928 $ 108,000
Maury, Tennessee 56 $ 11,074,000 $ 197,750 $ 76,000
Fayette, Tennessee 51 $ 12,826,000 $ 251,490 $ 99,000
Dickson, Tennessee 37 $ 6,391,000 $ 172,729 $ 86,000
Tipton, Tennessee 23 $ 3,829,000 $ 166,478 $ 59,000
Bedford, Tennessee 21 $ 1,924,000 $ 91,619 $ 49,000
Montgomery, Tennessee 18 $ 5,771,000 $ 320,611 $ 54,000
Loudon, Tennessee 17 $ 4,461,000 $ 262,411 $ 156,000
Crittenden, Arkansas 16 $ 2,223,000 $ 138,937 $ 87,000
DeKalb, Tennessee 15 $ 2,609,000 $ 173,933 $ 158,000
Walker, Georgia 14 $ 2,122,000 $ 151,571 $ 256,000
Bradley, Tennessee 14 $ 3,199,000 $ 228,500 $ 122,000
Walton, Florida 13 $ 5,892,000 $ 453,230 $ 312,000
Coffee, Tennessee 11 $ 1,822,000 $ 165,636 $ 57,000
Franklin, Tennessee 11 $ 3,885,000 $ 353,181 $ 268,000
Marshall, Tennessee 11 $ 1,488,000 $ 135,272 $ 52,000
Sevier, Tennessee 11 $ 2,598,000 $ 236,181 $ 122,000
Smith, Tennessee 9 $ 843,000 $ 93,666 $ 43,000
Oakland, Michigan 8 $ 1,458,000 $ 182,250 $ 88,000
Monroe, Tennessee 7 $ 3,631,000 $ 518,714 $ 77,000
Hickman, Tennessee 6 $ 806,000 $ 134,333 $ 54,000
Trousdale, Tennessee 6 $ 987,000 $ 164,500 $ 54,000
Harris, Texas 6 $ 18,549,000 $ 3,091,500 $ 10,000
Catoosa, Georgia 5 $ 2,883,000 $ 576,600 $ 89,000
Anderson, Tennessee 5 $ 966,000 $ 193,200 $ 73,000
Cannon, Tennessee 5 $ 838,000 $ 167,600 $ 59,000
Putnam, Tennessee 5 $ 786,000 $ 157,200 $ 105,000
Jefferson, Alabama 4 $ 680,000 $ 170,000 $ 38,000
Bay, Florida 4 $ 658,000 $ 164,500 $ 243,000
Indian River, Florida 4 $ 392,000 $ 98,000 $ 0
Dade, Georgia 4 $ 1,305,000 $ 326,250 $ 87,000
Fulton, Georgia 4 $ 7,961,000 $ 1,990,250 $ 24,000
Fayette, Kentucky 4 $ 822,000 $ 205,500 $ 103,000
Marshall, Mississippi 4 $ 693,000 $ 173,250 $ 85,000
Grainger, Tennessee 4 $ 683,000 $ 170,750 $ 78,000
Lawrence, Tennessee 4 $ 384,000 $ 96,000 $ 74,000
Roane, Tennessee 4 $ 1,446,000 $ 361,500 $ 1,154,000
Mobile, Alabama 3 $ 5,156,000 $ 1,718,666 $ 72,000
Escambia, Florida 3 $ 3,239,000 $ 1,079,666 $ 27,000
Okaloosa, Florida 3 $ 2,717,000 $ 905,666 $ 262,000
Pinellas, Florida 3 $ 3,177,000 $ 1,059,000 $ 164,000
Warren, Kentucky 3 $ 3,037,000 $ 1,012,333 $ 73,000
Madison, Mississippi 3 $ 937,000 $ 312,333 $ 218,000
Tate, Mississippi 3 $ 585,000 $ 195,000 $ 81,000
Tishomingo, Mississippi 3 $ 645,000 $ 215,000 $ 393,000
Franklin, Ohio 3 $ 696,000 $ 232,000 $ 395,000
Hardin, Tennessee 3 $ 517,000 $ 172,333 $ 235,000
Humphreys, Tennessee 3 $ 365,000 $ 121,666 $ 49,000
Macon, Tennessee 3 $ 460,000 $ 153,333 $ 55,000
Denton, Texas 3 $ 650,000 $ 216,666 $ 97,000
Lee, Alabama 2 $ 487,000 $ 243,500 $ 311,000
Madison, Alabama 2 $ 164,000 $ 82,000 $ 59,000
Leon, Florida 2 $ 11,830,000 $ 5,915,000 $ 0
Orange, Florida 2 $ 22,250,000 $ 11,125,000 $ 0
Palm Beach, Florida 2 $ 479,000 $ 239,500 $ 213,000
Volusia, Florida 2 $ 198,000 $ 99,000 $ 104,000
Cherokee, Georgia 2 $ 369,000 $ 184,500 $ 143,000
Marion, Indiana 2 $ 2,307,000 $ 1,153,500 $ 146,000
Jefferson, Kentucky 2 $ 9,785,000 $ 4,892,500 $ 26,000
Alcorn, Mississippi 2 $ 303,000 $ 151,500 $ 87,000
Panola, Mississippi 2 $ 341,000 $ 170,500 $ 87,000
Mecklenburg, North Carolina 2 $ 1,490,000 $ 745,000 $ 412,000
Beaufort, South Carolina 2 $ 1,787,000 $ 893,500 $ 0
Horry, South Carolina 2 $ 494,000 $ 247,000 $ 147,000
Cumberland, Tennessee 2 $ 243,000 $ 121,500 $ 57,000
Giles, Tennessee 2 $ 227,000 $ 113,500 $ 278,000
Greene, Tennessee 2 $ 452,000 $ 226,000 $ 34,000
Hamblen, Tennessee 2 $ 243,000 $ 121,500 $ 133,000
Haywood, Tennessee 2 $ 370,000 $ 185,000 $ 111,000
Lincoln, Tennessee 2 $ 283,000 $ 141,500 $ 49,000
Madison, Tennessee 2 $ 187,000 $ 93,500 $ 64,000
Marion, Tennessee 2 $ 490,000 $ 245,000 $ 212,000
Rhea, Tennessee 2 $ 574,000 $ 287,000 $ 219,000
Sequatchie, Tennessee 2 $ 1,321,000 $ 660,500 $ 145,000
Warren, Tennessee 2 $ 300,000 $ 150,000 $ 59,000
Washington, Tennessee 2 $ 209,000 $ 104,500 $ 121,000
Montgomery, Texas 2 $ 455,000 $ 227,500 $ 63,000
Ozaukee, Wisconsin 2 $ 604,000 $ 302,000 $ 108,000
Baldwin, Alabama 1 $ 417,000 $ 417,000 $ 184,000
Cullman, Alabama 1 $ 250,000 $ 250,000 $ 525,000
Lauderdale, Alabama 1 $ 217,000 $ 217,000 $ 225,000
Limestone, Alabama 1 $ 223,000 $ 223,000 $ 214,000
Yavapai, Arizona 1 $ 250,000 $ 250,000 $ 106,000
Cleburne, Arkansas 1 $ 68,000 $ 68,000 $ 32,000
Craighead, Arkansas 1 $ 196,000 $ 196,000 $ 109,000
Greene, Arkansas 1 $ 112,000 $ 112,000 $ 38,000
Sharp, Arkansas 1 $ 32,000 $ 32,000 $ 161,000
Washington, Arkansas 1 $ 3,800,000 $ 3,800,000 $ 0
Los Angeles, California 1 $ 150,000 $ 150,000 $ 429,000
Riverside, California 1 $ 62,000 $ 62,000 $ 60,000
Alachua, Florida 1 $ 53,000 $ 53,000 $ 145,000
Hernando, Florida 1 $ 124,000 $ 124,000 $ 66,000
Manatee, Florida 1 $ 300,000 $ 300,000 $ 350,000
Miami-Dade, Florida 1 $ 2,100,000 $ 2,100,000 $ 0
Santa Rosa, Florida 1 $ 195,000 $ 195,000 $ 145,000
Sarasota, Florida 1 $ 227,000 $ 227,000 $ 433,000
Bibb, Georgia 1 $ 1,540,000 $ 1,540,000 $ 0
Chatham, Georgia 1 $ 26,100,000 $ 26,100,000 $ 0
Cobb, Georgia 1 $ 18,710,000 $ 18,710,000 $ 0
Columbia, Georgia 1 $ 114,000 $ 114,000 $ 145,000
DeKalb, Georgia 1 $ 4,400,000 $ 4,400,000 $ 0
Harris, Georgia 1 $ 417,000 $ 417,000 $ 382,000
Towns, Georgia 1 $ 180,000 $ 180,000 $ 55,000
Blaine, Idaho 1 $ 350,000 $ 350,000 $ 127,000
Hancock, Illinois 1 $ 100,000 $ 100,000 $ 50,000
Lake, Illinois 1 $ 417,000 $ 417,000 $ 309,000
Johnson, Indiana 1 $ 298,000 $ 298,000 $ 112,000
Lawrence, Indiana 1 $ 300,000 $ 300,000 $ 57,000
Marshall, Indiana 1 $ 92,000 $ 92,000 $ 257,000
Douglas, Kansas 1 $ 89,000 $ 89,000 $ 70,000
Allen, Kentucky 1 $ 180,000 $ 180,000 $ 748,000
Barren, Kentucky 1 $ 140,000 $ 140,000 $ 108,000
Boone, Kentucky 1 $ 305,000 $ 305,000 $ 98,000
Christian, Kentucky 1 $ 290,000 $ 290,000 $ 95,000
Harlan, Kentucky 1 $ 125,000 $ 125,000 $ 172,000
Lyon, Kentucky 1 $ 171,000 $ 171,000 $ 135,000
Wayne, Kentucky 1 $ 106,000 $ 106,000 $ 302,000
Orleans, Louisiana 1 $ 417,000 $ 417,000 $ 241,000
Wayne, Michigan 1 $ 125,000 $ 125,000 $ 79,000
Bolivar, Mississippi 1 $ 61,000 $ 61,000 $ 86,000
Coahoma, Mississippi 1 $ 257,000 $ 257,000 $ 100,000
Harrison, Mississippi 1 $ 1,400,000 $ 1,400,000 $ 0
Hinds, Mississippi 1 $ 117,000 $ 117,000 $ 166,000
Lafayette, Mississippi 1 $ 151,000 $ 151,000 $ 56,000
Tunica, Mississippi 1 $ 5,000,000 $ 5,000,000 $ 0
Cass, Missouri 1 $ 112,000 $ 112,000 $ 39,000
Douglas, Nebraska 1 $ 5,000,000 $ 5,000,000 $ 0
Washoe, Nevada 1 $ 3,815,000 $ 3,815,000 $ 0
Rockingham, New Hampshire 1 $ 523,000 $ 523,000 $ 252,000
Alamance, North Carolina 1 $ 3,730,000 $ 3,730,000 $ 0
Cabarrus, North Carolina 1 $ 200,000 $ 200,000 $ 69,000
Guilford, North Carolina 1 $ 216,000 $ 216,000 $ 130,000
Madison, North Carolina 1 $ 220,000 $ 220,000 $ 373,000
Wake, North Carolina 1 $ 4,650,000 $ 4,650,000 $ 0
Cuyahoga, Ohio 1 $ 730,000 $ 730,000 $ 380,000
Defiance, Ohio 1 $ 55,000 $ 55,000 $ 164,000
Fairfield, Ohio 1 $ 308,000 $ 308,000 $ 222,000
Charleston, South Carolina 1 $ 353,000 $ 353,000 $ 2,202,000
Spartanburg, South Carolina 1 $ 4,850,000 $ 4,850,000 $ 0
Campbell, Tennessee 1 $ 149,000 $ 149,000 $ 40,000
Hardeman, Tennessee 1 $ 72,000 $ 72,000 $ 21,000
Henderson, Tennessee 1 $ 352,000 $ 352,000 $ 148,000
Henry, Tennessee 1 $ 114,000 $ 114,000 $ 0
Jackson, Tennessee 1 $ 310,000 $ 310,000 $ 479,000
Jefferson, Tennessee 1 $ 256,000 $ 256,000 $ 62,000
Lauderdale, Tennessee 1 $ 125,000 $ 125,000 $ 64,000
McMinn, Tennessee 1 $ 60,000 $ 60,000 $ 118,000
Moore, Tennessee 1 $ 176,000 $ 176,000 $ 99,000
Obion, Tennessee 1 $ 144,000 $ 144,000 $ 150,000
Union, Tennessee 1 $ 130,000 $ 130,000 $ 36,000
White, Tennessee 1 $ 133,000 $ 133,000 $ 64,000
Bell, Texas 1 $ 1,200,000 $ 1,200,000 $ 0
Brazoria, Texas 1 $ 3,770,000 $ 3,770,000 $ 0
Bennington, Vermont 1 $ 329,000 $ 329,000 $ 363,000
Virginia Beach, Virginia 1 $ 442,000 $ 442,000 $ 156,000
Washington, Virginia 1 $ 120,000 $ 120,000 $ 120,000
Milwaukee, Wisconsin 1 $ 270,000 $ 270,000 $ 105,000
Pepin, Wisconsin 1 $ 69,000 $ 69,000 $ 19,000

Mortgage Loan Application Detail Totals for Pinnacle Bank in 2016

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
Home Purchase 3,349 $1,022,651,000 $305,000 $31,500,000 $119,000 $9,999,000
Refinancing 1,184 $430,744,000 $363,000 $18,710,000 $130,000 $2,399,000
Home Improvement 275 $41,947,000 $152,000 $2,300,000 $97,000 $1,856,000

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 3,897 $930,716,000 $238,000 $5,270,000 $129,000 $9,999,000
Black or African American 315 $53,664,000 $170,000 $929,000 $73,000 $1,100,000
Not Provided 165 $50,986,000 $309,000 $2,451,000 $167,000 $1,826,000
Not applicable 152 $403,285,000 $2,653,000 $31,500,000 $0 $0
Hispanic 147 $25,758,000 $175,000 $500,000 $73,000 $779,000
Asian 119 $28,983,000 $243,000 $1,125,000 $124,000 $1,138,000
American Indian or Alaskan Native 10 $1,323,000 $132,000 $212,000 $58,000 $163,000
Native Hawaiin or Other Pacific Islander 3 $627,000 $209,000 $326,000 $93,000 $128,000

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) 3,826 $1,312,207,000 $342,000 $31,500,000 $135,000 $9,999,000
FHA-insured (Federal Housing Administration) 670 $115,688,000 $172,000 $433,000 $62,000 $278,000
VA-guaranteed (Veterans Administration) 196 $49,109,000 $250,000 $581,000 $83,000 $282,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 116 $18,338,000 $158,000 $290,000 $48,000 $78,000

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 3,814 $1,256,322,000 $329,000 $31,500,000 $117,000 $9,999,000
Application Withdrawn By Applicant 535 $131,919,000 $246,000 $1,670,000 $140,000 $5,089,000
Application Denied By Financial Institution 279 $57,601,000 $206,000 $1,600,000 $96,000 $1,200,000
Application Approved But Not Accepted 168 $43,981,000 $261,000 $4,680,000 $187,000 $9,999,000
File Closed For Incompleteness 12 $5,519,000 $459,000 $1,464,000 $226,000 $1,033,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 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
Debt-To-Income Ratio 100 $23,537,000 $235,000 $1,125,000 $80,000 $731,000
Credit History 79 $13,358,000 $169,000 $1,600,000 $77,000 $477,000
Collateral 45 $8,915,000 $198,000 $700,000 $150,000 $1,200,000
Employment History 15 $2,955,000 $197,000 $1,107,000 $87,000 $371,000
Other 12 $2,676,000 $223,000 $893,000 $138,000 $996,000
Unverifiable Information 8 $1,305,000 $163,000 $252,000 $65,000 $98,000
Credit Application Incomplete 3 $773,000 $257,000 $319,000 $218,000 $281,000
Insufficient Cash (Downpayment, Closing Cost) 3 $666,000 $222,000 $348,000 $79,000 $102,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Pinnacle Bank's 2016 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 Pinnacle Bank'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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