Pinnacle Bank in Marshalltown, Iowa (IA)

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Pinnacle Bank
GeneralFDIC Certificate #: 252
Status: Active
Federal Reserve ID: 365745
Bank Holding Company (Regulatory Top Holder): Iowa River Bancorp, Inc. (RSSDID: 3916317, Location: Marshalltown, IA)
Date Established: May 05, 1927
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 10067
FDIC's unique #: 201
Numeric code: 13
Regulator: FED
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: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 2206 South Center Street, Marshalltown, IA 50158
County: Marshall
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Marshalltown, IA (#32260)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $96.8 mil
Equity capital: $14.7 mil
Deposits held in domestic offices: $69.7 mil
Return on assets (ROA): 0.83% ($0.8 mil)
Quarterly return on assets: 0.85% ($0.8 mil)
Return on Equity (ROE): 5.34% ($0.8 mil)
Quarterly return on equity: 5.51% ($0.8 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.28% ($1,239.2 mil)
Quarterly Pretax return on assets: 1.27% ($1,229.5 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)17
Total assets$96,813
Cash and due from depository institutions$7,720
Interest-bearing balances$3,964
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$33,689
Loan loss allowance $499
Trading account assets$0
Bank premises and fixed assets$2,877
Other real estate owned$864
Goodwill and other intangibles$5,228
All other assets$1,544
Life insurance assets$96,813
Total liabilities and capital$82,075
Total liabilities$69,656
Total deposits$60,646
Interest-bearing deposits$69,656
Deposits held in domestic offices$54
% insured (estimated)4035.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,814
Other borrowed funds $0
Subordinated debt $1,570
All other liabilities $14,738
Total equity capital$14,738
Total bank equity capital$14,738
Perpetual preferred stock$0
Common stock$516
Undivided profits $1,353
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $434
Earning assets $0
Long-term assets (5+ years) $374
Average Assets, year-to-date $82,544
Average Assets, quarterly $42,018
Volatile liabilities $89,839
Insider loans $95,597
FHLB advances $44,100
Loans and leases held for sale $89,871
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,275
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,249
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,299
Total interest expense $655
Net interest income $2,644
Provision for loan and lease losses $145
Total noninterest income $1,300
Fiduciary activities $367
Service charges on deposit accounts $165
Trading account gains & fees $0
Additional noninterest income $768
Total noninterest expense $2,637
Salaries and employee benefits $1,012
Premises and equipment expense $450
Additional noninterest expense $1,175
Pre-tax net operating income $1,162
Securities gains (losses) -$15
Applicable income taxes $398
Income before extraordinary items $749
Extraordinary gains - net $0
Net income attributable to bank $749
Net charge-offs $0
Cash dividends $749
Sale, conversion, retirement of capital stock, net $13
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.40%
Cost of funding earning assets 0.87%
Net interest margin 3.53%
Noninterest income to earning assets 1.73%
Noninterest expense to earning assets 3.52%
Net operating income to assets 0.84%
Return on assets (ROA) 0.83%
Pretax return on assets 1.28%
Return on equity (ROE) 5.34%
Retained earnings to average equity (YTD only) 5.34%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 1115.38%
Efficiency ratio100.54%
Assets per employee$65,796
Cash dividends to net income (YTD only)5.69%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.46%
Noncurrent assets plus other real estate owned to assets 114.98%
Noncurrent loans to loans 1.34%
Net loans and leases to deposits1.27%
Net loans and leases to core deposits 48.36%
Equity capital to assets 48.81%
Core capital (leverage) ratio 15.22%
Tier 1 risk-based capital ratio 10.32%
Total risk-based capital ratio 21.03%
Average assets$22
Average earning assets$89,839
Average equity $14,016
Average loans $74,937
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$95,887
Number of Accounts1
Personal trust and agency accounts$95,887
Employee benefit-defined contribution accounts$95,887
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 Iowa Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0201Pinnacle Bank2206 South Center Street, Marshalltown, IA 50158May 05, 1927Full Service Brick and Mortar
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