Pinnacle Bank in Orange City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pinnacle Bank - Overview

  • General
  • FDIC Certificate #: 34908
    Status: Active
    Federal Reserve ID: 2847142
    Bank Holding Company (Regulatory Top Holder): Pinnacle Bank Holding Company, Inc. (RSSDID: 3458040, Location: Orange City, FL)
    Date Established: September 10, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 61971
    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: September 10, 1999
    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
  • Location
  • Address: 1113 Saxon Boulevard, Orange City, FL 32763
    County: Volusia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $201.8 mil
    Equity capital: $8.3 mil
    Deposits held in domestic offices: $173.3 mil
    Return on assets (ROA): -2.70% (-$5.5 mil)
    Quarterly return on assets: -10.61% (-$21.4 mil)
    Return on Equity (ROE): -42.94% (-$3.4 mil)
    Quarterly return on equity: -192.77% (-$15.4 mil)
    Net income: -$5.5 mil
    Quarterly Net income: -$5.5 mil
    Pretax return on assets: -1.38% (-$2,784.8 mil)
    Quarterly Pretax return on assets: -5.41% (-$10,917.1 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
  • 27Total employees (full-time equivalent)
  • $201,794Total assets
  • $2,827Cash and due from depository institutions
  • $705Interest-bearing balances
  • $63,959Securities
  • $6,351Federal funds sold & reverse repurchase agreements
  • $122,353Net loans & leases
  • $7,236Loan loss allowance
  • $0Trading account assets
  • $233Bank premises and fixed assets
  • $3,116Other real estate owned
  • $0Goodwill and other intangibles
  • $201,794Life insurance assets
  • $2,955All other assets
  • $193,481Total liabilities and capital
  • $173,256Total liabilities
  • $162,601Total deposits
  • $173,256Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $225Subordinated debt
  • $8,313All other liabilities
  • $8,313Total equity capital
  • $8,313Total bank equity capital
  • $0Perpetual preferred stock
  • $4,579Common stock
  • $12,860Surplus
  • $-9,126Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,935Income earned, not collected on loans
  • $0Earning assets
  • $616Long-term assets (5+ years)
  • $193,368Average Assets, year-to-date
  • $76,221Average Assets, quarterly
  • $203,696Volatile liabilities
  • $207,216Insider loans
  • $136,394FHLB advances
  • $210,912Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,590Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,751Restructured Loans and leases
  • $6,942Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,564Total interest income
  • $4,128Total interest expense
  • $5,436Net interest income
  • $3,135Provision for loan and lease losses
  • -$258Total noninterest income
  • $0Fiduciary activities
  • $144Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$402Additional noninterest income
  • $5,593Total noninterest expense
  • $1,664Salaries and employee benefits
  • $518Premises and equipment expense
  • $3,411Additional noninterest expense
  • -$3,550Pre-tax net operating income
  • $740Securities gains (losses)
  • $2,692Applicable income taxes
  • -$5,502Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,502Net income attributable to bank
  • $0Net charge-offs
  • -$5,502Cash dividends
  • $2,798Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 2.14%Cost of funding earning assets
  • 2.82%Net interest margin
  • -0.13%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • -3.06%Net operating income to assets
  • -2.70%Return on assets (ROA)
  • -1.38%Pretax return on assets
  • -42.94%Return on equity (ROE)
  • -42.94%Retained earnings to average equity (YTD only)
  • 2.05%Net charge-offs to loans
  • 112.04%Credit loss provision to net charge-offs
  • -0.15%Efficiency ratio
  • 108,015Assets per employee
  • 7.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.58%Loss allowance to noncurrent loans
  • 48.45%Noncurrent assets plus other real estate owned to assets
  • 8.95%Noncurrent loans to loans
  • 11.52%Net loans and leases to deposits
  • 70.62%Net loans and leases to core deposits
  • 71.54%Equity capital to assets
  • 4.12%Core capital (leverage) ratio
  • 4.07%Tier 1 risk-based capital ratio
  • 6.30%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $203,696Average earning assets
  • $12,813Average equity
  • $192,617Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061971Pinnacle Bank1113 Saxon Boulevard, Orange City, FL 32763September 10, 1999Full Service Brick and Mortar
    1362580Longwood Branch485 S. Ronald Reagan Boulevard, Longwood, FL 32750October 01, 2001Full Service Brick and Mortar

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