Pinnacle Bank in Jasper, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pinnacle Bank - Overview

  • General
  • FDIC Certificate #: 29548
    Status: Active
    Federal Reserve ID: 288376
    Bank Holding Company (Regulatory Top Holder): Pinnacle Bancshares, Inc. (RSSDID: 2520605, Location: Jasper, AL)
    Date Established: November 01, 1935
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 3645
    FDIC's unique #: 42382
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 17, 1935
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1811 Second Avenue, Jasper, AL 35501
    County: Walker
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $199.1 mil
    Equity capital: $24.3 mil
    Deposits held in domestic offices: $172.4 mil
    Return on assets (ROA): 0.64% ($1.3 mil)
    Quarterly return on assets: 0.94% ($1.9 mil)
    Return on Equity (ROE): 5.62% ($1.3 mil)
    Quarterly return on equity: 7.90% ($1.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.76% ($1,513.4 mil)
    Quarterly Pretax return on assets: 1.23% ($2,449.3 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
  • 62Total employees (full-time equivalent)
  • $199,134Total assets
  • $4,175Cash and due from depository institutions
  • $1,613Interest-bearing balances
  • $75,735Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,445Net loans & leases
  • $2,229Loan loss allowance
  • $0Trading account assets
  • $6,187Bank premises and fixed assets
  • $404Other real estate owned
  • $306Goodwill and other intangibles
  • $199,134Life insurance assets
  • $9,882All other assets
  • $174,791Total liabilities and capital
  • $172,426Total liabilities
  • $139,299Total deposits
  • $172,426Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 985.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,380Subordinated debt
  • $24,343All other liabilities
  • $24,343Total equity capital
  • $24,343Total bank equity capital
  • $0Perpetual preferred stock
  • $9Common stock
  • $8,031Surplus
  • $16,303Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,053Income earned, not collected on loans
  • $0Earning assets
  • $1,018Long-term assets (5+ years)
  • $179,793Average Assets, year-to-date
  • $80,973Average Assets, quarterly
  • $203,359Volatile liabilities
  • $203,602Insider loans
  • $125,880FHLB advances
  • $203,993Loans and leases held for sale
  • $7,117Unused loan commitments
  • $7,117Tier 1 (core) risk-based capital
  • $21,933Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,171Restructured Loans and leases
  • $935Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,090Total interest income
  • $1,171Total interest expense
  • $7,919Net interest income
  • $1,100Provision for loan and lease losses
  • $1,209Total noninterest income
  • $0Fiduciary activities
  • $675Service charges on deposit accounts
  • $0Trading account gains & fees
  • $534Additional noninterest income
  • $6,523Total noninterest expense
  • $3,081Salaries and employee benefits
  • $1,442Premises and equipment expense
  • $2,000Additional noninterest expense
  • $1,505Pre-tax net operating income
  • $47Securities gains (losses)
  • $248Applicable income taxes
  • $1,304Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,304Net income attributable to bank
  • $0Net charge-offs
  • $1,304Cash dividends
  • $1,315Sale, conversion, retirement of capital stock, net
  • $139Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 5.62%Return on equity (ROE)
  • 5.02%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 83.65%Credit loss provision to net charge-offs
  • 1.98%Efficiency ratio
  • 71,461Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.66%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 211.68%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 59.41%Net loans and leases to core deposits
  • 61.99%Equity capital to assets
  • 12.22%Core capital (leverage) ratio
  • 10.75%Tier 1 risk-based capital ratio
  • 17.42%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $203,359Average earning assets
  • $23,215Average equity
  • $182,913Average loans

List of branches

  • 7 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042382Pinnacle Bank1811 Second Avenue, Jasper, AL 35501November 01, 1935Full Service Brick and Mortar
    1275449Bryan Road BranchU.S. Highway 78 & Bryan Road, Sumiton, AL 35501November 01, 1935Full Service Brick and Mortar
    10027545078 Highway East BranchU.S. Highway 78 East & Mallway, Jasper, AL 35501November 01, 1935Full Service Brick and Mortar
    101444041012 20th St Branch1012 20th Street, Haleyville, AL 35565January 01, 1968Full Service Brick and Mortar
    102275451Montgomery Highway Branch2039 Canyon Road, Vestavia Hills, AL 35216October 08, 1991Full Service Brick and Mortar
    103275452Trussville Branch2064 Gadsden Highway, Trussville, AL 35173December 01, 1998Full Service Brick and Mortar
    104455370Gardendale Branch101 Fire Station Road, Gardendale, AL 35071August 07, 2006Full Service Brick and Mortar

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