Pinnacle Bank in Elberton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pinnacle Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 172Total employees (full-time equivalent)
  • $576,596Total assets
  • $28,576Cash and due from depository institutions
  • $16,966Interest-bearing balances
  • $148,290Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $345,623Net loans & leases
  • $8,025Loan loss allowance
  • $0Trading account assets
  • $16,508Bank premises and fixed assets
  • $7,801Other real estate owned
  • $10,415Goodwill and other intangibles
  • $576,596Life insurance assets
  • $19,383All other assets
  • $516,669Total liabilities and capital
  • $509,513Total liabilities
  • $419,319Total deposits
  • $509,513Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1321.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $2,835Subordinated debt
  • $59,927All other liabilities
  • $59,927Total equity capital
  • $59,927Total bank equity capital
  • $0Perpetual preferred stock
  • $7,680Common stock
  • $33,865Surplus
  • $18,382Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,625Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,384Income earned, not collected on loans
  • $180Earning assets
  • $2,423Long-term assets (5+ years)
  • $510,879Average Assets, year-to-date
  • $169,464Average Assets, quarterly
  • $579,924Volatile liabilities
  • $573,386Insider loans
  • $405,159FHLB advances
  • $563,429Loans and leases held for sale
  • $13,138Unused loan commitments
  • $8,766Tier 1 (core) risk-based capital
  • $47,106Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,372Total unused commitments
  • $38,790Restructured Loans and leases
  • $13,199Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.55%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 11.50%Return on equity (ROE)
  • 11.50%Retained earnings to average equity (YTD only)
  • 4.42%Net charge-offs to loans
  • 25.22%Credit loss provision to net charge-offs
  • 0.57%Efficiency ratio
  • 67,563Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 41.40%Noncurrent assets plus other real estate owned to assets
  • 4.71%Noncurrent loans to loans
  • 5.48%Net loans and leases to deposits
  • 67.83%Net loans and leases to core deposits
  • 71.36%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 8.36%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $579,924Average earning assets
  • $53,300Average equity
  • $515,534Average loans

List of branches

  • 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

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