Pinnacle Bank Mortgage Lending & HMDA Data, 2024

In 2024, Pinnacle Bank of Nashville, TN reported 7,885 mortgage applications totaling $2.4 billion, down 15% from 2023. The average application was for $303,279, and applicants reported an average income of $205,702. 67% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (2,219), Memphis, TN-MS-AR (1,109) and Charlotte-Concord-Gastonia, NC-SC (522) (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 7,885
Total Mortgage Loan Application Amount $2,391,355,000
Average Mortgage Loan Application Amount $303,279
Highest Mortgage Loan Application Amount $51,805,000
Average Applicant Income $205,702
Highest Applicant Income $9,742,000

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Act (HMDA) records Pinnacle Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024

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 2,219 $ 676,505,000 $ 304,869 $ 226,000
Memphis, TN-MS-AR 1,109 $ 227,705,000 $ 205,324 $ 167,497
Charlotte-Concord-Gastonia, NC-SC 522 $ 127,570,000 $ 244,386 $ 187,789
Greensboro-High Point, NC 439 $ 67,905,000 $ 154,681 $ 177,000
Knoxville, TN 387 $ 111,615,000 $ 288,410 $ 214,000
Outside any metro area 366 $ 145,900,000 $ 398,633 $ 278,620
Winston-Salem, NC 308 $ 57,800,000 $ 187,662 $ 128,000
Charleston-North Charleston, SC 300 $ 94,960,000 $ 316,533 $ 208,000
Atlanta-Sandy Springs-Roswell, GA 257 $ 101,955,000 $ 396,712 $ 231,000
Chattanooga, TN-GA 229 $ 78,145,000 $ 341,244 $ 265,938
Huntsville, AL 203 $ 32,735,000 $ 161,256 $ 98,000
Roanoke, VA 172 $ 30,390,000 $ 176,686 $ 112,000
Greenville-Anderson-Mauldin, SC 143 $ 26,225,000 $ 183,391 $ 131,000
Raleigh, NC 112 $ 28,820,000 $ 257,321 $ 188,000
Durham-Chapel Hill, NC 97 $ 21,875,000 $ 225,515 $ 183,000
Washington, DC-MD 82 $ 12,180,000 $ 148,536 $ 170,731
Burlington, NC 73 $ 11,185,000 $ 153,219 $ 87,000
Birmingham-Hoover, AL 53 $ 12,895,000 $ 243,301 $ 155,000
Baltimore-Columbia-Towson, MD 52 $ 11,790,000 $ 226,730 $ 192,000
Arlington-Alexandria-Reston, VA-WV 47 $ 17,535,000 $ 373,085 $ 356,000
Marietta, GA 43 $ 7,135,000 $ 165,930 $ 148,000
Cleveland, TN 36 $ 14,680,000 $ 407,777 $ 224,000
Lynchburg, VA 36 $ 6,350,000 $ 176,388 $ 106,000
Bowling Green, KY 32 $ 35,340,000 $ 1,104,375 $ 160,000
Augusta-Richmond County, GA-SC 29 $ 40,425,000 $ 1,393,965 $ 94,896
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 29 $ 5,485,000 $ 189,137 $ 204,000
Wilmington, NC 27 $ 9,565,000 $ 354,259 $ 405,000
Clarksville, TN-KY 26 $ 5,110,000 $ 196,538 $ 93,000
Hilton Head Island-Bluffton-Beaufort, SC 26 $ 9,310,000 $ 358,076 $ 214,000
Jacksonville, FL 26 $ 6,720,000 $ 258,461 $ 121,000
Asheville, NC 22 $ 8,800,000 $ 400,000 $ 235,000
Spartanburg, SC 20 $ 2,570,000 $ 128,500 $ 78,000
Washington-Baltimore-Arlington, DC 16 $ 3,380,000 $ 211,250 $ 264,000
St. Petersburg-Clearwater-Largo, FL 12 $ 8,910,000 $ 742,500 $ 586,000
Crestview-Fort Walton Beach-Destin, FL 11 $ 13,375,000 $ 1,215,909 $ 585,000
Cleveland, OH 10 $ 16,950,000 $ 1,695,000 $ 199,000
Columbia, SC 10 $ 3,370,000 $ 337,000 $ 209,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 10 $ 14,150,000 $ 1,415,000 $ 592,000
Hickory-Lenoir-Morganton, NC 10 $ 3,750,000 $ 375,000 $ 265,000
Daphne-Fairhope-Foley, AL 9 $ 5,835,000 $ 648,333 $ 1,335,000
Morristown, TN 9 $ 1,465,000 $ 162,777 $ 122,000
Houston-The Woodlands-Sugar Land, TX 8 $ 7,840,000 $ 980,000 $ 240,000
Jackson, TN 8 $ 1,590,000 $ 198,750 $ 137,000
Cincinnati, OH-KY-IN 7 $ 14,805,000 $ 2,115,000 $ 186,428
Louisville/Jefferson County, KY-IN 7 $ 15,425,000 $ 2,203,571 $ 387,000
Panama City, FL 7 $ 3,485,000 $ 497,857 $ 190,000
Los Angeles-Long Beach-Glendale, CA 6 $ 8,390,000 $ 1,398,333 $ 566,000
New York-Jersey City-White Plains, NY-NJ 6 $ 13,570,000 $ 2,261,666 $ 1,968,500
Orlando-Kissimmee-Sanford, FL 6 $ 1,230,000 $ 205,000 $ 293,000
Savannah, GA 6 $ 2,200,000 $ 366,666 $ 215,000
Tampa, FL 6 $ 3,660,000 $ 610,000 $ 337,000
Warren-Troy-Farmington Hills, MI 6 $ 8,120,000 $ 1,353,333 $ 1,392,000
Dallas-Plano-Irving, TX 5 $ 4,135,000 $ 827,000 $ 708,000
Denver-Aurora-Lakewood, CO 5 $ 3,775,000 $ 755,000 $ 360,000
North Port-Sarasota-Bradenton, FL 5 $ 2,625,000 $ 525,000 $ 457,000
Richmond, VA 5 $ 935,000 $ 187,000 $ 449,000
Columbus, OH 4 $ 4,220,000 $ 1,055,000 $ 95,000
Dalton, GA 4 $ 1,190,000 $ 297,500 $ 157,000
Gulfport-Biloxi-Pascagoula, MS 4 $ 1,560,000 $ 390,000 $ 162,000
Lexington Park, MD 4 $ 2,360,000 $ 590,000 $ 742,000
Little Rock-North Little Rock-Conway, AR 4 $ 1,230,000 $ 307,500 $ 137,000
Naples-Immokalee-Marco Island, FL 4 $ 3,890,000 $ 972,500 $ 613,000
Pensacola-Ferry Pass-Brent, FL 4 $ 970,000 $ 242,500 $ 252,000
Phoenix-Mesa-Scottsdale, AZ 4 $ 6,470,000 $ 1,617,500 $ 3,088,000
Tulsa, OK 4 $ 8,580,000 $ 2,145,000 $ 101,000
West Palm Beach-Boca Raton-Delray Beach, FL 4 $ 2,260,000 $ 565,000 $ 366,000
Blacksburg-Christiansburg-Radford, VA 3 $ 905,000 $ 301,666 $ 132,000
Chicago-Naperville, IL 3 $ 1,615,000 $ 538,333 $ 307,000
Fayetteville, NC 3 $ 465,000 $ 155,000 $ 50,000
Florence-Muscle Shoals, AL 3 $ 1,395,000 $ 465,000 $ 250,000
Jacksonville, NC 3 $ 1,475,000 $ 491,666 $ 280,000
Lake County-Porter County-Jasper County, IN 3 $ 5,905,000 $ 1,968,333 $ 0
Pinehurst-Southern Pines, NC 3 $ 415,000 $ 138,333 $ 102,000
Port St. Lucie, FL 3 $ 2,775,000 $ 925,000 $ 278,000
San Diego-Carlsbad, CA 3 $ 3,945,000 $ 1,315,000 $ 490,000
Akron, OH 2 $ 5,480,000 $ 2,740,000 $ 0
Albuquerque, NM 2 $ 5,160,000 $ 2,580,000 $ 0
Athens-Clarke County, GA 2 $ 1,910,000 $ 955,000 $ 2,161,000
Baton Rouge, LA 2 $ 320,000 $ 160,000 $ 202,000
Beaumont-Port Arthur, TX 2 $ 610,000 $ 305,000 $ 282,000
Canton-Massillon, OH 2 $ 2,300,000 $ 1,150,000 $ 366,000
Decatur, AL 2 $ 490,000 $ 245,000 $ 73,000
Fayetteville-Springdale-Rogers, AR-MO 2 $ 580,000 $ 290,000 $ 194,000
Florence, SC 2 $ 280,000 $ 140,000 $ 326,000
Gainesville, FL 2 $ 510,000 $ 255,000 $ 454,000
Gainesville, GA 2 $ 100,000 $ 50,000 $ 164,000
Goldsboro, NC 2 $ 180,000 $ 90,000 $ 66,000
Hagerstown-Martinsburg, MD-WV 2 $ 320,000 $ 160,000 $ 82,000
Hot Springs, AR 2 $ 350,000 $ 175,000 $ 69,000
Johnson City, TN 2 $ 380,000 $ 190,000 $ 76,000
Kansas City, MO-KS 2 $ 300,000 $ 150,000 $ 268,000
Madison, WI 2 $ 1,190,000 $ 595,000 $ 690,000
Miami-Miami Beach-Kendall, FL 2 $ 870,000 $ 435,000 $ 440,000
Milwaukee-Waukesha-West Allis, WI 2 $ 160,000 $ 80,000 $ 100,000
Minneapolis-St. Paul-Bloomington, MN-WI 2 $ 3,410,000 $ 1,705,000 $ 0
Minot, ND 2 $ 680,000 $ 340,000 $ 99,000
Montgomery, AL 2 $ 2,550,000 $ 1,275,000 $ 593,000
Ocala, FL 2 $ 300,000 $ 150,000 $ 297,000
Oklahoma City, OK 2 $ 7,160,000 $ 3,580,000 $ 48,000
Oxnard-Thousand Oaks-Ventura, CA 2 $ 270,000 $ 135,000 $ 71,000
Palm Bay-Melbourne-Titusville, FL 2 $ 210,000 $ 105,000 $ 129,000
Punta Gorda, FL 2 $ 1,290,000 $ 645,000 $ 641,000
Sacramento--Roseville--Arden-Arcade, CA 2 $ 4,200,000 $ 2,100,000 $ 597,000
St. Louis, MO-IL 2 $ 820,000 $ 410,000 $ 589,000
Winchester, VA-WV 2 $ 1,890,000 $ 945,000 $ 0
Youngstown-Warren-Boardman, OH-PA 2 $ 8,540,000 $ 4,270,000 $ 0
Abilene, TX 1 $ 1,685,000 $ 1,685,000 $ 0
Anchorage, AK 1 $ 425,000 $ 425,000 $ 0
Ann Arbor, MI 1 $ 1,825,000 $ 1,825,000 $ 0
Anniston-Oxford-Jacksonville, AL 1 $ 45,000 $ 45,000 $ 170,000
Auburn-Opelika, AL 1 $ 215,000 $ 215,000 $ 86,000
Charlottesville, VA 1 $ 385,000 $ 385,000 $ 401,000
College Station-Bryan, TX 1 $ 2,145,000 $ 2,145,000 $ 0
Colorado Springs, CO 1 $ 435,000 $ 435,000 $ 79,000
Columbus, GA-AL 1 $ 465,000 $ 465,000 $ 449,000
Davenport-Moline-Rock Island, IA-IL 1 $ 8,805,000 $ 8,805,000 $ 0
Des Moines-West Des Moines, IA 1 $ 2,725,000 $ 2,725,000 $ 0
El Paso, TX 1 $ 5,175,000 $ 5,175,000 $ 0
Eugene, OR 1 $ 325,000 $ 325,000 $ 74,000
Fort Worth-Arlington, TX 1 $ 675,000 $ 675,000 $ 1,089,000
Green Bay, WI 1 $ 485,000 $ 485,000 $ 795,000
Greenville, NC 1 $ 105,000 $ 105,000 $ 0
Hattiesburg, MS 1 $ 16,885,000 $ 16,885,000 $ 0
Homosassa Springs, FL 1 $ 285,000 $ 285,000 $ 257,000
Jackson, MS 1 $ 305,000 $ 305,000 $ 139,000
Jonesboro, AR 1 $ 1,335,000 $ 1,335,000 $ 0
Kalamazoo-Portage, MI 1 $ 125,000 $ 125,000 $ 170,000
Kingsport-Bristol-Bristol, TN-VA 1 $ 285,000 $ 285,000 $ 80,000
Lake County-Kenosha County, IL-WI 1 $ 2,795,000 $ 2,795,000 $ 0
Lansing-East Lansing, MI 1 $ 3,075,000 $ 3,075,000 $ 0
Las Vegas-Henderson-Paradise, NV 1 $ 505,000 $ 505,000 $ 0
Mansfield, OH 1 $ 2,935,000 $ 2,935,000 $ 0
Midland, TX 1 $ 5,505,000 $ 5,505,000 $ 0
Morgantown, WV 1 $ 2,195,000 $ 2,195,000 $ 0
Nassau County-Suffolk County, NY 1 $ 105,000 $ 105,000 $ 193,000
Pittsburgh, PA 1 $ 1,165,000 $ 1,165,000 $ 525,000
Pittsfield, MA 1 $ 3,925,000 $ 3,925,000 $ 1,094,000
Providence-Warwick, RI-MA 1 $ 1,575,000 $ 1,575,000 $ 0
Rocky Mount, NC 1 $ 105,000 $ 105,000 $ 110,000
Salisbury, MD-DE 1 $ 35,000 $ 35,000 $ 60,000
San Angelo, TX 1 $ 1,785,000 $ 1,785,000 $ 0
San Francisco-Redwood City-South San Francisco, CA 1 $ 185,000 $ 185,000 $ 471,000
Sheboygan, WI 1 $ 665,000 $ 665,000 $ 500,000
St. Cloud, MN 1 $ 3,395,000 $ 3,395,000 $ 0
Sumter, SC 1 $ 335,000 $ 335,000 $ 128,000
Trenton, NJ 1 $ 255,000 $ 255,000 $ 500,000
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 325,000 $ 325,000 $ 0
Waco, TX 1 $ 155,000 $ 155,000 $ 78,000
Worcester, MA-CT 1 $ 355,000 $ 355,000 $ 133,000
York-Hanover, PA 1 $ 255,000 $ 255,000 $ 58,000

Mortgage Loan Application Detail Totals for Pinnacle Bank in 2024

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 4,294 $1,526,840,000 $355,000 $51,805,000 $183,000 $9,742,000
Home Improvement 1,443 $214,075,000 $148,000 $3,005,000 $210,000 $7,194,000
Other Purpose 1,214 $231,350,000 $190,000 $3,005,000 $277,000 $7,047,000
Refinancing 658 $337,060,000 $512,000 $11,695,000 $248,000 $4,381,000
Cash-out Refinancing 276 $82,030,000 $297,000 $965,000 $122,000 $722,000
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 4,188 $1,228,390,000 $293,000 $7,005,000 $243,000 $8,502,000
Black or African American 1,298 $210,600,000 $162,000 $3,015,000 $109,000 $8,326,000
Not Provided 1,012 $276,600,000 $273,000 $3,925,000 $259,000 $9,742,000
Hispanic 772 $146,650,000 $189,000 $1,315,000 $107,000 $1,384,000
Not applicable 313 $446,455,000 $1,426,000 $51,805,000 $63,000 $424,000
Asian 258 $73,930,000 $286,000 $3,005,000 $216,000 $5,951,000
American Indian or Alaskan Native 33 $7,145,000 $216,000 $765,000 $98,000 $387,000
Native Hawaiian or Other Pacific Islander 11 $1,585,000 $144,000 $435,000 $89,000 $193,000

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) 7,393 $2,222,705,000 $300,000 $51,805,000 $212,000 $9,742,000
FHA-insured (Federal Housing Administration) 365 $111,375,000 $305,000 $1,165,000 $95,000 $413,000
VA-guaranteed (Veterans Administration) 127 $57,275,000 $450,000 $2,065,000 $149,000 $872,000
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 5,311 $1,747,255,000 $328,000 $51,805,000 $222,000 $8,502,000
Application Denied By Financial Institution 1,284 $262,900,000 $204,000 $5,255,000 $134,000 $6,900,000
Application Withdrawn By Applicant 761 $253,415,000 $333,000 $7,505,000 $186,000 $9,742,000
Application Approved But Not Accepted 476 $112,350,000 $236,000 $4,755,000 $259,000 $7,194,000
File Closed For Incompleteness 27 $10,895,000 $403,000 $1,975,000 $260,000 $2,432,000
Loan Purchased By The Institution 26 $4,540,000 $174,000 $675,000 $63,000 $424,000
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 6,601 $2,128,455,000 $322,000 $51,805,000 $220,000 $9,742,000
Debt-To-Income Ratio 569 $115,565,000 $203,000 $1,505,000 $96,000 $1,247,000
Credit History 423 $60,885,000 $143,000 $5,255,000 $144,000 $6,900,000
Collateral 106 $29,250,000 $275,000 $3,115,000 $192,000 $1,326,000
Other 56 $26,080,000 $465,000 $5,175,000 $154,000 $895,000
Unverifiable Information 52 $11,540,000 $221,000 $805,000 $267,000 $5,220,000
Insufficient Cash (Downpayment, Closing Cost) 41 $11,465,000 $279,000 $1,105,000 $149,000 $1,990,000
Employment History 26 $5,950,000 $228,000 $625,000 $93,000 $345,000
Credit Application Incomplete 11 $2,165,000 $196,000 $505,000 $439,000 $2,263,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Pinnacle Bank's 2024 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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