Pinnacle Bank in Scottsdale, Arizona (AZ)
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| Pinnacle Bank | |
|---|---|
| General | FDIC Certificate #: 58186 Status: Active Federal Reserve ID: 3383599 Date Established: September 28, 2005 WWW: http://www.pinnaclebankaz.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 441435 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 28, 2005 Last Structure Change Effective Date: December 08, 2009 Last Structure Change Process Date: December 08, 2009 Last Data Update: December 08, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 14287 North 87th Street, Suite 123, Scottsdale, AZ 85260 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060) |
| Financial Summary | Total assets: $71.1 mil Equity capital: $13.9 mil Deposits held in domestic offices: $56.5 mil Return on assets (ROA): 0.44% ($0.3 mil) Quarterly return on assets: 0.93% ($0.7 mil) Return on Equity (ROE): 2.54% ($0.4 mil) Quarterly return on equity: 4.89% ($0.7 mil) Net income: $0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.44% ($312.7 mil) Quarterly Pretax return on assets: 0.93% ($660.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 17 |
| Total assets | $71,061 |
| Cash and due from depository institutions | $13,482 |
| Interest-bearing balances | $11,743 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $1 |
| Net loans & leases | $56,439 |
| Loan loss allowance | $1,748 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $90 |
| Other real estate owned | $190 |
| Goodwill and other intangibles | $51 |
| All other assets | $808 |
| Life insurance assets | $71,060 |
| Total liabilities and capital | $57,136 |
| Total liabilities | $56,498 |
| Total deposits | $47,247 |
| Interest-bearing deposits | $56,498 |
| Deposits held in domestic offices | $73 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $638 |
| All other liabilities | $13,924 |
| Total equity capital | $13,924 |
| Total bank equity capital | $13,924 |
| Perpetual preferred stock | $0 |
| Common stock | $18,873 |
| Surplus | $649 |
| Undivided profits | $-5,598 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $997 |
| Income earned, not collected on loans | $2,182 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $183 |
| Average Assets, year-to-date | $68,183 |
| Average Assets, quarterly | $15,291 |
| Volatile liabilities | $79,143 |
| Insider loans | $72,820 |
| FHLB advances | $49,455 |
| Loans and leases held for sale | $71,440 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $13,924 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,455 |
| Derivatives | $1,963 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,003 |
| Total interest expense | $427 |
| Net interest income | $2,576 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $513 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $28 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $485 |
| Total noninterest expense | $2,735 |
| Salaries and employee benefits | $1,595 |
| Premises and equipment expense | $278 |
| Additional noninterest expense | $862 |
| Pre-tax net operating income | $354 |
| Securities gains (losses) | -$9 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $345 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $345 |
| Net charge-offs | $0 |
| Cash dividends | $345 |
| Sale, conversion, retirement of capital stock, net | -$69 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.92% |
| Cost of funding earning assets | 0.56% |
| Net interest margin | 3.36% |
| Noninterest income to earning assets | 0.67% |
| Noninterest expense to earning assets | 3.57% |
| Net operating income to assets | 0.45% |
| Return on assets (ROA) | 0.44% |
| Pretax return on assets | 0.44% |
| Return on equity (ROE) | 2.54% |
| Retained earnings to average equity (YTD only) | 2.54% |
| Net charge-offs to loans | -0.13% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $88,540 |
| Cash dividends to net income (YTD only) | 4.18% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.00% |
| Noncurrent assets plus other real estate owned to assets | 80.11% |
| Noncurrent loans to loans | 3.34% |
| Net loans and leases to deposits | 3.75% |
| Net loans and leases to core deposits | 99.90% |
| Equity capital to assets | 105.53% |
| Core capital (leverage) ratio | 19.59% |
| Tier 1 risk-based capital ratio | 19.49% |
| Total risk-based capital ratio | 28.15% |
| Memoranda | |
| Average assets | $29 |
| Average earning assets | $79,143 |
| Average equity | $13,565 |
| Average loans | $76,599 |
| 1 Arizona Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 441435 | Pinnacle Bank | 14287 North 87th Street, Suite 123, Scottsdale, AZ 85260 | September 28, 2005 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.