Pinnacle Bank Mortgage Lending & HMDA Data, 2015
In 2015, Pinnacle Bank of Nashville, TN reported 4,271 mortgage applications totaling $1.1 billion, up 118% from 2014. The average application was for $256,271, and applicants reported an average income of $103,273. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (2,523), Memphis, TN-MS-AR (1,158) and Knoxville, TN (199) (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 | 4,271 |
| Total Mortgage Loan Application Amount | $1,094,537,000 |
| Average Mortgage Loan Application Amount | $256,271 |
| Highest Mortgage Loan Application Amount | $21,750,000 |
| Average Applicant Income | $103,273 |
| Highest Applicant Income | $4,000,000 |
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Act (HMDA) records Pinnacle Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2,523 | $ 603,307,000 | $ 239,122 | $ 99,000 |
| Memphis, TN-MS-AR | 1,158 | $ 246,185,000 | $ 212,594 | $ 91,588 |
| Knoxville, TN | 199 | $ 47,213,000 | $ 237,251 | $ 149,000 |
| Chattanooga, TN-GA | 124 | $ 40,701,000 | $ 328,233 | $ 128,241 |
| Cleveland, TN | 25 | $ 4,437,000 | $ 177,480 | $ 234,000 |
| Crestview-Fort Walton Beach-Destin, FL | 10 | $ 7,283,000 | $ 728,300 | $ 465,000 |
| Warren-Troy-Farmington Hills, MI | 10 | $ 1,776,000 | $ 177,600 | $ 75,000 |
| Atlanta-Sandy Springs-Roswell, GA | 8 | $ 18,537,000 | $ 2,317,125 | $ 60,000 |
| Clarksville, TN-KY | 5 | $ 691,000 | $ 138,200 | $ 123,200 |
| Columbia, SC | 4 | $ 544,000 | $ 136,000 | $ 100,000 |
| Morristown, TN | 4 | $ 747,000 | $ 186,750 | $ 88,000 |
| Panama City, FL | 4 | $ 874,000 | $ 218,500 | $ 21,000 |
| Bowling Green, KY | 3 | $ 9,101,000 | $ 3,033,666 | $ 83,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,317,000 | $ 439,000 | $ 497,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 326,000 | $ 163,000 | $ 88,000 |
| Florence-Muscle Shoals, AL | 2 | $ 180,000 | $ 90,000 | $ 26,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 1,456,000 | $ 728,000 | $ 686,000 |
| Huntsville, AL | 2 | $ 569,000 | $ 284,500 | $ 182,000 |
| Jonesboro, AR | 2 | $ 393,000 | $ 196,500 | $ 98,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 408,000 | $ 204,000 | $ 61,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 512,000 | $ 256,000 | $ 90,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 3,700,000 | $ 1,850,000 | $ 689,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 473,000 | $ 236,500 | $ 89,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 560,000 | $ 280,000 | $ 98,000 |
| St. Louis, MO-IL | 2 | $ 675,000 | $ 337,500 | $ 119,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 285,000 | $ 142,500 | $ 89,000 |
| Asheville, NC | 1 | $ 278,000 | $ 278,000 | $ 136,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 10,594,000 | $ 10,594,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 300,000 | $ 300,000 | $ 513,000 |
| Birmingham-Hoover, AL | 1 | $ 417,000 | $ 417,000 | $ 424,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 129,000 | $ 129,000 | $ 59,000 |
| Brunswick, GA | 1 | $ 409,000 | $ 409,000 | $ 233,000 |
| California-Lexington Park, MD | 1 | $ 198,000 | $ 198,000 | $ 47,000 |
| Charleston, WV | 1 | $ 141,000 | $ 141,000 | $ 111,000 |
| Charleston-North Charleston, SC | 1 | $ 689,000 | $ 689,000 | $ 218,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 1,060,000 | $ 1,060,000 | $ 0 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 317,000 | $ 317,000 | $ 266,000 |
| Cincinnati, OH-KY-IN | 1 | $ 139,000 | $ 139,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 10,000,000 | $ 10,000,000 | $ 0 |
| Dallas-Plano-Irving, TX | 1 | $ 58,000 | $ 58,000 | $ 313,000 |
| Dalton, GA | 1 | $ 72,000 | $ 72,000 | $ 56,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 600,000 | $ 600,000 | $ 788,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 186,000 | $ 186,000 | $ 37,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 150,000 | $ 150,000 | $ 72,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 192,000 | $ 192,000 | $ 44,000 |
| Fort Worth-Arlington, TX | 1 | $ 160,000 | $ 160,000 | $ 198,000 |
| Greeley, CO | 1 | $ 350,000 | $ 350,000 | $ 179,000 |
| Jackson, TN | 1 | $ 17,500,000 | $ 17,500,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 168,000 | $ 168,000 | $ 44,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 133,000 | $ 133,000 | $ 65,000 |
| Lexington-Fayette, KY | 1 | $ 19,425,000 | $ 19,425,000 | $ 0 |
| Louisville/Jefferson County, KY-IN | 1 | $ 200,000 | $ 200,000 | $ 58,000 |
| Macon, GA | 1 | $ 3,730,000 | $ 3,730,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 305,000 | $ 305,000 | $ 90,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Montgomery, AL | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 400,000 | $ 400,000 | $ 555,000 |
| New Orleans-Metairie, LA | 1 | $ 685,000 | $ 685,000 | $ 178,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 92,000 | $ 92,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 200,000 | $ 200,000 | $ 450,000 |
| Ogden-Clearfield, UT | 1 | $ 1,200,000 | $ 1,200,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 147,000 | $ 147,000 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 346,000 | $ 346,000 | $ 116,000 |
| Provo-Orem, UT | 1 | $ 164,000 | $ 164,000 | $ 263,000 |
| Sebastian-Vero Beach, FL | 1 | $ 60,000 | $ 60,000 | $ 47,000 |
| Tallahassee, FL | 1 | $ 5,000,000 | $ 5,000,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 347,000 | $ 347,000 | $ 141,000 |
| Wilmington, NC | 1 | $ 287,000 | $ 287,000 | $ 172,000 |
Mortgage Loan Application Detail Totals for Pinnacle Bank in 2015
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 | 3,024 | $738,165,000 | $244,000 | $21,750,000 | $99,000 | $2,280,000 |
| Refinancing | 1,038 | $338,961,000 | $326,000 | $17,500,000 | $119,000 | $4,000,000 |
| Home Improvement | 209 | $17,411,000 | $83,000 | $917,000 | $87,000 | $658,000 |
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 | 3,322 | $731,900,000 | $220,000 | $3,500,000 | $115,000 | $4,000,000 |
| Black or African American | 373 | $55,099,000 | $147,000 | $482,000 | $61,000 | $438,000 |
| Not applicable | 236 | $237,051,000 | $1,004,000 | $21,750,000 | $0 | $0 |
| Hispanic | 135 | $23,264,000 | $172,000 | $1,710,000 | $74,000 | $793,000 |
| Asian | 102 | $18,427,000 | $180,000 | $900,000 | $93,000 | $648,000 |
| Not Provided | 90 | $25,965,000 | $288,000 | $4,175,000 | $149,000 | $791,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $1,974,000 | $219,000 | $385,000 | $88,000 | $180,000 |
| American Indian or Alaskan Native | 4 | $857,000 | $214,000 | $417,000 | $105,000 | $270,000 |
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) | 3,183 | $899,498,000 | $282,000 | $21,750,000 | $117,000 | $4,000,000 |
| FHA-insured (Federal Housing Administration) | 749 | $125,405,000 | $167,000 | $433,000 | $57,000 | $249,000 |
| VA-guaranteed (Veterans Administration) | 200 | $47,967,000 | $239,000 | $592,000 | $85,000 | $270,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 139 | $21,667,000 | $155,000 | $312,000 | $47,000 | $88,000 |
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 | 3,327 | $913,855,000 | $274,000 | $21,750,000 | $107,000 | $4,000,000 |
| Application Withdrawn By Applicant | 434 | $97,658,000 | $225,000 | $1,880,000 | $116,000 | $2,280,000 |
| Application Denied By Financial Institution | 326 | $57,089,000 | $175,000 | $1,350,000 | $80,000 | $1,314,000 |
| Loan Purchased By The Institution | 106 | $7,969,000 | $75,000 | $342,000 | $0 | $0 |
| Application Approved But Not Accepted | 64 | $15,083,000 | $235,000 | $2,146,000 | $121,000 | $742,000 |
| File Closed For Incompleteness | 6 | $1,487,000 | $247,000 | $891,000 | $141,000 | $454,000 |
| Preapproval Denied by Financial Institution | 6 | $1,172,000 | $195,000 | $329,000 | $39,000 | $49,000 |
| Preapproval Approved but not Accepted | 2 | $224,000 | $112,000 | $122,000 | $41,000 | $43,000 |
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 | 106 | $25,309,000 | $238,000 | $1,350,000 | $70,000 | $618,000 |
| Credit History | 100 | $12,465,000 | $124,000 | $585,000 | $68,000 | $379,000 |
| Collateral | 58 | $11,111,000 | $191,000 | $750,000 | $118,000 | $1,314,000 |
| Other | 17 | $2,036,000 | $119,000 | $264,000 | $95,000 | $573,000 |
| Unverifiable Information | 11 | $2,088,000 | $189,000 | $740,000 | $66,000 | $189,000 |
| Employment History | 11 | $2,306,000 | $209,000 | $543,000 | $68,000 | $285,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,593,000 | $159,000 | $314,000 | $72,000 | $335,000 |
| Credit Application Incomplete | 4 | $976,000 | $244,000 | $291,000 | $200,000 | $295,000 |
| Mortgage Insurance Denied | 1 | $237,000 | $237,000 | $237,000 | $87,000 | $87,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pinnacle Bank's 2015 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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