Pinnacle Bank Mortgage Lending & HMDA Data, 2020

In 2020, Pinnacle Bank of Nashville, TN reported 14,129 mortgage applications totaling $4.7 billion, up 24% from 2019. The average application was for $335,326, and applicants reported an average income of $185,019. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (4,853), Memphis, TN-MS-AR (2,239) and Knoxville, TN (1,091) (applications in parentheses).

Mortgage Company & Address Pinnacle Bank
150 3rd Ave South
Nashville, TN 37203
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 14,129
Total Mortgage Loan Application Amount $4,737,835,000
Average Mortgage Loan Application Amount $335,326
Highest Mortgage Loan Application Amount $45,555,000
Average Applicant Income $185,019
Highest Applicant Income $8,400,000

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Act (HMDA) records Pinnacle Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2020

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 4,853 $ 1,495,135,000 $ 308,084 $ 191,000
Memphis, TN-MS-AR 2,239 $ 479,045,000 $ 213,954 $ 139,378
Knoxville, TN 1,091 $ 321,985,000 $ 295,128 $ 175,000
Charlotte-Concord-Gastonia, NC-SC 951 $ 396,735,000 $ 417,176 $ 209,492
Chattanooga, TN-GA 670 $ 225,720,000 $ 336,895 $ 187,191
Outside any metro area 648 $ 192,330,000 $ 296,805 $ 207,290
Greensboro-High Point, NC 529 $ 115,125,000 $ 217,627 $ 125,000
Charleston-North Charleston, SC 487 $ 179,505,000 $ 368,593 $ 192,000
Winston-Salem, NC 432 $ 135,990,000 $ 314,791 $ 146,000
Greenville-Anderson-Mauldin, SC 282 $ 96,570,000 $ 342,446 $ 139,000
Roanoke, VA 245 $ 59,175,000 $ 241,530 $ 222,000
Raleigh, NC 212 $ 87,290,000 $ 411,745 $ 176,000
Durham-Chapel Hill, NC 162 $ 41,030,000 $ 253,271 $ 152,000
Atlanta-Sandy Springs-Roswell, GA 132 $ 52,100,000 $ 394,696 $ 315,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 123 $ 68,995,000 $ 560,934 $ 245,951
Hilton Head Island-Bluffton-Beaufort, SC 102 $ 25,930,000 $ 254,215 $ 229,000
Cleveland, TN 70 $ 18,320,000 $ 261,714 $ 145,000
Crestview-Fort Walton Beach-Destin, FL 68 $ 49,870,000 $ 733,382 $ 568,000
Asheville, NC 58 $ 17,390,000 $ 299,827 $ 233,000
Spartanburg, SC 40 $ 10,480,000 $ 262,000 $ 124,000
Augusta-Richmond County, GA-SC 38 $ 8,640,000 $ 227,368 $ 128,315
Clarksville, TN-KY 30 $ 4,840,000 $ 161,333 $ 95,600
Burlington, NC 29 $ 35,445,000 $ 1,222,241 $ 111,000
Los Angeles-Long Beach-Glendale, CA 24 $ 51,370,000 $ 2,140,416 $ 1,708,000
Wilmington, NC 24 $ 34,780,000 $ 1,449,166 $ 173,000
Lynchburg, VA 22 $ 9,640,000 $ 438,181 $ 220,000
Hickory-Lenoir-Morganton, NC 21 $ 8,495,000 $ 404,523 $ 220,000
Little Rock-North Little Rock-Conway, AR 17 $ 1,835,000 $ 107,941 $ 101,000
Morristown, TN 17 $ 3,185,000 $ 187,352 $ 116,000
Warren-Troy-Farmington Hills, MI 16 $ 12,670,000 $ 791,875 $ 169,000
Columbia, SC 14 $ 5,050,000 $ 360,714 $ 204,000
Jacksonville, FL 13 $ 3,655,000 $ 281,153 $ 122,000
New York-Jersey City-White Plains, NY-NJ 13 $ 35,515,000 $ 2,731,923 $ 369,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 13 $ 6,655,000 $ 511,923 $ 393,076
Jackson, TN 11 $ 1,075,000 $ 97,727 $ 86,000
Panama City, FL 11 $ 4,225,000 $ 384,090 $ 263,000
Savannah, GA 11 $ 2,185,000 $ 198,636 $ 164,000
Birmingham-Hoover, AL 10 $ 2,740,000 $ 274,000 $ 125,000
Cincinnati, OH-KY-IN 10 $ 20,330,000 $ 2,033,000 $ 100,000
Phoenix-Mesa-Scottsdale, AZ 10 $ 15,750,000 $ 1,575,000 $ 544,000
Daphne-Fairhope-Foley, AL 9 $ 3,535,000 $ 392,777 $ 297,000
Fayetteville, NC 9 $ 2,695,000 $ 299,444 $ 56,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 9 $ 3,205,000 $ 356,111 $ 227,000
Kingsport-Bristol-Bristol, TN-VA 9 $ 2,315,000 $ 257,222 $ 137,222
Louisville/Jefferson County, KY-IN 9 $ 6,505,000 $ 722,777 $ 158,000
North Port-Sarasota-Bradenton, FL 9 $ 5,145,000 $ 571,666 $ 522,000
Richmond, VA 9 $ 11,585,000 $ 1,287,222 $ 127,000
Tampa-St. Petersburg-Clearwater, FL 9 $ 5,865,000 $ 651,666 $ 494,000
Denver-Aurora-Lakewood, CO 8 $ 5,230,000 $ 653,750 $ 209,000
Florence-Muscle Shoals, AL 8 $ 2,750,000 $ 343,750 $ 569,000
Johnson City, TN 8 $ 6,620,000 $ 827,500 $ 92,000
Orlando-Kissimmee-Sanford, FL 8 $ 2,080,000 $ 260,000 $ 139,000
Pensacola-Ferry Pass-Brent, FL 8 $ 2,600,000 $ 325,000 $ 160,000
Chicago-Naperville, IL 7 $ 7,915,000 $ 1,130,714 $ 265,000
St. Louis, MO-IL 7 $ 2,155,000 $ 307,857 $ 268,000
Blacksburg-Christiansburg-Radford, VA 6 $ 16,140,000 $ 2,690,000 $ 140,000
Dalton, GA 6 $ 1,100,000 $ 183,333 $ 220,000
Deltona-Daytona Beach-Ormond Beach, FL 6 $ 2,100,000 $ 350,000 $ 321,000
Houston-The Woodlands-Sugar Land, TX 6 $ 5,710,000 $ 951,666 $ 151,000
Huntsville, AL 6 $ 1,710,000 $ 285,000 $ 162,000
West Palm Beach-Boca Raton-Delray Beach, FL 6 $ 6,500,000 $ 1,083,333 $ 672,000
Beaumont-Port Arthur, TX 5 $ 24,015,000 $ 4,803,000 $ 0
Bowling Green, KY 5 $ 1,135,000 $ 227,000 $ 121,000
Columbus, OH 5 $ 11,245,000 $ 2,249,000 $ 222,000
Dallas-Plano-Irving, TX 5 $ 5,155,000 $ 1,031,000 $ 643,000
Detroit-Dearborn-Livonia, MI 5 $ 4,075,000 $ 815,000 $ 31,000
Fort Worth-Arlington, TX 5 $ 3,525,000 $ 705,000 $ 716,000
Indianapolis-Carmel-Anderson, IN 5 $ 24,195,000 $ 4,839,000 $ 107,000
Las Vegas-Henderson-Paradise, NV 5 $ 4,725,000 $ 945,000 $ 219,000
New Orleans-Metairie, LA 5 $ 2,245,000 $ 449,000 $ 436,000
San Diego-Carlsbad, CA 5 $ 5,425,000 $ 1,085,000 $ 228,000
Albuquerque, NM 4 $ 6,290,000 $ 1,572,500 $ 388,000
Athens-Clarke County, GA 4 $ 2,030,000 $ 507,500 $ 823,000
Austin-Round Rock, TX 4 $ 6,480,000 $ 1,620,000 $ 105,000
Cape Coral-Fort Myers, FL 4 $ 1,190,000 $ 297,500 $ 259,000
Fayetteville-Springdale-Rogers, AR-MO 4 $ 900,000 $ 225,000 $ 224,000
Fort Collins, CO 4 $ 1,430,000 $ 357,500 $ 164,000
Greenville, NC 4 $ 32,980,000 $ 8,245,000 $ 144,000
Kansas City, MO-KS 4 $ 9,270,000 $ 2,317,500 $ 715,000
Naples-Immokalee-Marco Island, FL 4 $ 25,230,000 $ 6,307,500 $ 3,090,000
Tucson, AZ 4 $ 7,430,000 $ 1,857,500 $ 203,000
Virginia Beach-Norfolk-Newport News, VA-NC 4 $ 2,400,000 $ 600,000 $ 267,500
Boston, MA 3 $ 4,185,000 $ 1,395,000 $ 118,000
Brunswick, GA 3 $ 2,495,000 $ 831,666 $ 1,036,000
Hot Springs, AR 3 $ 555,000 $ 185,000 $ 94,000
Lexington-Fayette, KY 3 $ 655,000 $ 218,333 $ 175,000
Oklahoma City, OK 3 $ 7,955,000 $ 2,651,666 $ 0
Port St. Lucie, FL 3 $ 1,085,000 $ 361,666 $ 148,000
Portland-Vancouver-Hillsboro, OR-WA 3 $ 1,225,000 $ 408,333 $ 286,000
Sumter, SC 3 $ 495,000 $ 165,000 $ 94,000
Bridgeport-Stamford-Norwalk, CT 2 $ 700,000 $ 350,000 $ 239,000
Colorado Springs, CO 2 $ 1,220,000 $ 610,000 $ 247,000
Columbus, GA-AL 2 $ 280,000 $ 140,000 $ 87,000
Gainesville, GA 2 $ 420,000 $ 210,000 $ 159,000
Harrisonburg, VA 2 $ 400,000 $ 200,000 $ 93,000
Jacksonville, NC 2 $ 120,000 $ 60,000 $ 0
Jonesboro, AR 2 $ 230,000 $ 115,000 $ 48,000
Lake County-Kenosha County, IL-WI 2 $ 2,040,000 $ 1,020,000 $ 451,000
Madison, WI 2 $ 5,920,000 $ 2,960,000 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 2 $ 6,520,000 $ 3,260,000 $ 0
Napa, CA 2 $ 680,000 $ 340,000 $ 390,000
New Bern, NC 2 $ 510,000 $ 255,000 $ 181,000
Oakland-Hayward-Berkeley, CA 2 $ 2,960,000 $ 1,480,000 $ 1,620,000
Philadelphia, PA 2 $ 1,060,000 $ 530,000 $ 418,000
Prescott Valley-Prescott, AZ 2 $ 990,000 $ 495,000 $ 117,000
Rocky Mount, NC 2 $ 360,000 $ 180,000 $ 44,000
Salt Lake City, UT 2 $ 480,000 $ 240,000 $ 136,000
San Antonio-New Braunfels, TX 2 $ 7,900,000 $ 3,950,000 $ 166,000
San Francisco-Redwood City-South San Francisco, CA 2 $ 3,960,000 $ 1,980,000 $ 0
Seattle-Bellevue-Everett, WA 2 $ 980,000 $ 490,000 $ 111,000
Tacoma-Lakewood, WA 2 $ 1,690,000 $ 845,000 $ 106,000
The Villages, FL 2 $ 690,000 $ 345,000 $ 373,000
Trenton, NJ 2 $ 800,000 $ 400,000 $ 96,000
Tulsa, OK 2 $ 2,820,000 $ 1,410,000 $ 0
Tuscaloosa, AL 2 $ 520,000 $ 260,000 $ 86,000
Warner Robins, GA 2 $ 220,000 $ 110,000 $ 85,000
Amarillo, TX 1 $ 2,505,000 $ 2,505,000 $ 0
Anaheim-Santa Ana-Irvine, CA 1 $ 345,000 $ 345,000 $ 165,000
Baltimore-Columbia-Towson, MD 1 $ 485,000 $ 485,000 $ 103,000
Barnstable Town, MA 1 $ 385,000 $ 385,000 $ 620,000
Baton Rouge, LA 1 $ 275,000 $ 275,000 $ 64,000
Bend-Redmond, OR 1 $ 345,000 $ 345,000 $ 109,000
Billings, MT 1 $ 295,000 $ 295,000 $ 194,000
Boise City, ID 1 $ 385,000 $ 385,000 $ 85,000
Bremerton-Silverdale, WA 1 $ 3,815,000 $ 3,815,000 $ 0
Charlottesville, VA 1 $ 505,000 $ 505,000 $ 0
Coeur D'Alene, ID 1 $ 3,005,000 $ 3,005,000 $ 1,718,000
Columbia, MO 1 $ 365,000 $ 365,000 $ 129,000
Des Moines-West Des Moines, IA 1 $ 505,000 $ 505,000 $ 485,000
Eugene, OR 1 $ 215,000 $ 215,000 $ 150,000
Fresno, CA 1 $ 2,895,000 $ 2,895,000 $ 0
Grand Rapids-Wyoming, MI 1 $ 125,000 $ 125,000 $ 149,000
Hagerstown-Martinsburg, MD-WV 1 $ 1,205,000 $ 1,205,000 $ 0
Hartford-West Hartford-East Hartford, CT 1 $ 6,005,000 $ 6,005,000 $ 0
Homosassa Springs, FL 1 $ 125,000 $ 125,000 $ 435,000
Jackson, MS 1 $ 3,755,000 $ 3,755,000 $ 0
Janesville-Beloit, WI 1 $ 75,000 $ 75,000 $ 44,000
Killeen-Temple, TX 1 $ 2,055,000 $ 2,055,000 $ 0
Lafayette-West Lafayette, IN 1 $ 195,000 $ 195,000 $ 181,000
Lawton, OK 1 $ 75,000 $ 75,000 $ 152,000
Macon-Bibb County, GA 1 $ 2,755,000 $ 2,755,000 $ 0
Miami-Miami Beach-Kendall, FL 1 $ 1,085,000 $ 1,085,000 $ 2,514,000
Mobile, AL 1 $ 95,000 $ 95,000 $ 95,000
Monroe, MI 1 $ 1,625,000 $ 1,625,000 $ 0
Montgomery County-Bucks County-Chester County, PA 1 $ 605,000 $ 605,000 $ 338,000
Palm Bay-Melbourne-Titusville, FL 1 $ 515,000 $ 515,000 $ 285,000
Peoria, IL 1 $ 155,000 $ 155,000 $ 110,000
Providence-Warwick, RI-MA 1 $ 755,000 $ 755,000 $ 178,000
Punta Gorda, FL 1 $ 135,000 $ 135,000 $ 46,000
Reno, NV 1 $ 475,000 $ 475,000 $ 122,000
Riverside-San Bernardino-Ontario, CA 1 $ 335,000 $ 335,000 $ 360,000
Saginaw, MI 1 $ 35,000 $ 35,000 $ 183,000
Salinas, CA 1 $ 2,005,000 $ 2,005,000 $ 0
San Rafael, CA 1 $ 1,005,000 $ 1,005,000 $ 636,000
Santa Fe, NM 1 $ 455,000 $ 455,000 $ 300,000
Scranton--Wilkes-Barre--Hazleton, PA 1 $ 245,000 $ 245,000 $ 260,000
Sheboygan, WI 1 $ 155,000 $ 155,000 $ 205,000
Springfield, MA 1 $ 1,955,000 $ 1,955,000 $ 0
Toledo, OH 1 $ 135,000 $ 135,000 $ 128,000
Tyler, TX 1 $ 245,000 $ 245,000 $ 186,000
Valdosta, GA 1 $ 3,005,000 $ 3,005,000 $ 0
Victoria, TX 1 $ 2,655,000 $ 2,655,000 $ 0
Waco, TX 1 $ 1,165,000 $ 1,165,000 $ 0
Washington-Baltimore-Arlington, DC 1 $ 1,035,000 $ 1,035,000 $ 305,000
Winchester, VA-WV 1 $ 515,000 $ 515,000 $ 950,000

Mortgage Loan Application Detail Totals for Pinnacle Bank in 2020

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 5,805 $2,230,605,000 $384,000 $45,555,000 $171,000 $8,400,000
Refinancing 4,333 $1,741,305,000 $401,000 $11,865,000 $202,000 $4,727,000
Other Purpose 1,550 $279,100,000 $180,000 $3,005,000 $234,000 $3,845,000
Home Improvement 1,226 $165,710,000 $135,000 $10,505,000 $183,000 $2,936,000
Cash-out Refinancing 1,215 $321,115,000 $264,000 $1,885,000 $131,000 $1,169,000
Not Applicable 0 $0 $0 $0 $0 $0

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 9,787 $2,929,525,000 $299,000 $11,865,000 $188,000 $6,688,000
Not Provided 1,918 $463,890,000 $241,000 $6,005,000 $231,000 $7,224,000
Black or African American 954 $205,250,000 $215,000 $2,715,000 $98,000 $1,720,000
Not applicable 795 $971,015,000 $1,221,000 $45,555,000 $0 $0
Hispanic 323 $72,545,000 $224,000 $1,015,000 $132,000 $8,400,000
Asian 228 $61,790,000 $271,000 $1,955,000 $150,000 $1,304,000
American Indian or Alaskan Native 34 $9,460,000 $278,000 $945,000 $130,000 $563,000
Native Hawaiian or Other Pacific Islander 5 $775,000 $155,000 $225,000 $72,000 $127,000

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) 13,325 $4,533,815,000 $340,000 $45,555,000 $192,000 $8,400,000
FHA-insured (Federal Housing Administration) 472 $96,050,000 $203,000 $495,000 $65,000 $256,000
VA-guaranteed (Veterans Administration) 274 $97,110,000 $354,000 $1,365,000 $119,000 $953,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 58 $10,860,000 $187,000 $355,000 $54,000 $94,000

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 10,739 $3,826,085,000 $356,000 $45,555,000 $186,000 $8,400,000
Application Withdrawn By Applicant 1,454 $485,470,000 $333,000 $5,935,000 $197,000 $7,224,000
Application Denied By Financial Institution 969 $243,675,000 $251,000 $5,855,000 $118,000 $3,551,000
Application Approved But Not Accepted 632 $154,680,000 $244,000 $5,805,000 $249,000 $3,743,000
Loan Purchased By The Institution 256 $3,520,000 $13,000 $15,000 $0 $0
File Closed For Incompleteness 79 $24,405,000 $308,000 $2,205,000 $162,000 $600,000
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
Not applicable 13,160 $4,494,160,000 $341,000 $45,555,000 $190,000 $8,400,000
Debt-To-Income Ratio 439 $93,865,000 $213,000 $1,675,000 $83,000 $538,000
Credit History 291 $40,205,000 $138,000 $2,145,000 $102,000 $987,000
Collateral 82 $28,220,000 $344,000 $3,755,000 $241,000 $2,514,000
Other 72 $58,590,000 $813,000 $5,855,000 $229,000 $1,744,000
Unverifiable Information 49 $15,275,000 $311,000 $2,285,000 $250,000 $3,551,000
Employment History 21 $4,225,000 $201,000 $505,000 $80,000 $200,000
Insufficient Cash (Downpayment, Closing Cost) 12 $2,730,000 $227,000 $445,000 $83,000 $150,000
Credit Application Incomplete 3 $565,000 $188,000 $255,000 $84,000 $100,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Pinnacle Bank's 2020 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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