Pinnacle Bank in Elberton, Georgia (GA)

Show street view No street view available for this location

Pinnacle Bank routing number info

Table of contents:
Pinnacle Bank
GeneralFDIC Certificate #: 14065
Status: Active
Federal Reserve ID: 366238
Bank Holding Company (Regulatory Top Holder): Pinnacle Financial Corporation (RSSDID: 3145966, Location: Elberton, GA)
Date Established: March 12, 1934
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 15871
FDIC's unique #: 8790
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 12, 1934
Last Structure Change Effective Date: October 17, 2008
Last Structure Change Process Date: November 07, 2008
Last Data Update: November 07, 2008
Data Source Date: April 05, 2012
LocationAddress: 884 Elbert Street, Elberton, GA 30635
County: Elbert
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of ChangesOffice Purchased
Financial SummaryTotal assets: $576.6 mil
Equity capital: $59.9 mil
Deposits held in domestic offices: $509.5 mil
Return on assets (ROA): 1.06% ($6.1 mil)
Quarterly return on assets: 0.99% ($5.7 mil)
Return on Equity (ROE): 11.50% ($6.9 mil)
Quarterly return on equity: 9.69% ($5.8 mil)
Net income: $6.1 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 1.06% ($6,111.9 mil)
Quarterly Pretax return on assets: 0.99% ($5,708.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)172
Total assets$576,596
Cash and due from depository institutions$28,576
Interest-bearing balances$16,966
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$345,623
Loan loss allowance $8,025
Trading account assets$0
Bank premises and fixed assets$16,508
Other real estate owned$7,801
Goodwill and other intangibles$10,415
All other assets$19,383
Life insurance assets$576,596
Total liabilities and capital$516,669
Total liabilities$509,513
Total deposits$419,319
Interest-bearing deposits$509,513
Deposits held in domestic offices$88
% insured (estimated)1321.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $2,835
All other liabilities $59,927
Total equity capital$59,927
Total bank equity capital$59,927
Perpetual preferred stock$0
Common stock$7,680
Undivided profits $18,382
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,625
Income earned, not collected on loans $19,384
Earning assets $180
Long-term assets (5+ years) $2,423
Average Assets, year-to-date $510,879
Average Assets, quarterly $169,464
Volatile liabilities $579,924
Insider loans $573,386
FHLB advances $405,159
Loans and leases held for sale $563,429
Unused loan commitments $13,138
Tier 1 (core) risk-based capital $8,766
Tier 2 risk-based capital $47,106
Total risk weighted assets $0
Total unused commitments $4,372
Restructured Loans and leases $38,790
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $26,855
Total interest expense $3,402
Net interest income $23,453
Provision for loan and lease losses $4,133
Total noninterest income $5,915
Fiduciary activities $0
Service charges on deposit accounts $5,829
Trading account gains & fees $0
Additional noninterest income $86
Total noninterest expense $20,024
Salaries and employee benefits $8,724
Premises and equipment expense $2,704
Additional noninterest expense $8,596
Pre-tax net operating income $5,211
Securities gains (losses) $917
Applicable income taxes $0
Income before extraordinary items $6,128
Extraordinary gains - net $0
Net income attributable to bank $6,128
Net charge-offs $0
Cash dividends $6,128
Sale, conversion, retirement of capital stock, net $16,389
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.21%
Cost of funding earning assets 0.66%
Net interest margin 4.55%
Noninterest income to earning assets 1.15%
Noninterest expense to earning assets 3.88%
Net operating income to assets 0.90%
Return on assets (ROA) 1.06%
Pretax return on assets 1.06%
Return on equity (ROE) 11.50%
Retained earnings to average equity (YTD only) 11.50%
Net charge-offs to loans 4.42%
Credit loss provision to net charge-offs 25.22%
Efficiency ratio0.57%
Assets per employee$67,563
Cash dividends to net income (YTD only)3.35%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.27%
Noncurrent assets plus other real estate owned to assets 41.40%
Noncurrent loans to loans 4.71%
Net loans and leases to deposits5.48%
Net loans and leases to core deposits 67.83%
Equity capital to assets 71.36%
Core capital (leverage) ratio 10.39%
Tier 1 risk-based capital ratio 8.36%
Total risk-based capital ratio 11.63%
Average assets$13
Average earning assets$579,924
Average equity $53,300
Average loans $515,534
Back to page top, Back to table top

13 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08790Pinnacle Bank884 Elbert Street, Elberton, GA 30635March 12, 1934Full Service Brick and Mortar
213457Bowman Branch1 North Broad Street, Bowman, GA 30624January 03, 1967Full Service Brick and Mortar
4230892Downtown Branch23 College Avenue, Elberton, GA 30635April 13, 1992Full Service Brick and Mortar
6230894Hartwell Branch135 East Franklin Street, Hartwell, GA 30643September 09, 1996Full Service Brick and Mortar
710086Royston Branch861 Church Street, Royston, GA 30662August 05, 1935Full Service Brick and Mortar
8235637Franklin Springs Branch2311 West Main Street, Franklin Springs, GA 30639November 18, 1974Full Service Brick and Mortar
10235639Lavonia Branch12321 Augusta Road, Lavonia, GA 30553September 09, 1996Full Service Brick and Mortar
1110885Lexington Branch114 Gilmer Street, Lexington, GA 30648January 28, 1946Full Service Brick and Mortar
123890Georgia Central Bank Branch112 North Cherokee, Social Circle, GA 30025March 08, 1924Full Service Brick and Mortar
13208051Monroe Branch238 South Broad Street, Monroe, GA 30655January 02, 1976Full Service Brick and Mortar
14365486Covington Branch Office2131 Washington Street, Covington, GA 30014August 19, 2002Full Service Brick and Mortar
15469642Athens Branch3140 Lexington Road, Athens, GA 30605December 03, 2007Full Service Brick and Mortar
1640509North Elm Street Branch1871 North Elm Street, Commerce, GA 30529January 01, 1929Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Pinnacle Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.