Pinnacle Bank in Scottsdale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pinnacle Bank - Overview

  • 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)

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
  • 17Total employees (full-time equivalent)
  • $71,061Total assets
  • $13,482Cash and due from depository institutions
  • $11,743Interest-bearing balances
  • $0Securities
  • $1Federal funds sold & reverse repurchase agreements
  • $56,439Net loans & leases
  • $1,748Loan loss allowance
  • $0Trading account assets
  • $90Bank premises and fixed assets
  • $190Other real estate owned
  • $51Goodwill and other intangibles
  • $71,060Life insurance assets
  • $808All other assets
  • $57,136Total liabilities and capital
  • $56,498Total liabilities
  • $47,247Total deposits
  • $56,498Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $638Subordinated debt
  • $13,924All other liabilities
  • $13,924Total equity capital
  • $13,924Total bank equity capital
  • $0Perpetual preferred stock
  • $18,873Common stock
  • $649Surplus
  • $-5,598Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $997Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,182Income earned, not collected on loans
  • $0Earning assets
  • $183Long-term assets (5+ years)
  • $68,183Average Assets, year-to-date
  • $15,291Average Assets, quarterly
  • $79,143Volatile liabilities
  • $72,820Insider loans
  • $49,455FHLB advances
  • $71,440Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,924Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,455Restructured Loans and leases
  • $1,963Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,003Total interest income
  • $427Total interest expense
  • $2,576Net interest income
  • $0Provision for loan and lease losses
  • $513Total noninterest income
  • $0Fiduciary activities
  • $28Service charges on deposit accounts
  • $0Trading account gains & fees
  • $485Additional noninterest income
  • $2,735Total noninterest expense
  • $1,595Salaries and employee benefits
  • $278Premises and equipment expense
  • $862Additional noninterest expense
  • $354Pre-tax net operating income
  • -$9Securities gains (losses)
  • $0Applicable income taxes
  • $345Income before extraordinary items
  • $0Extraordinary gains - net
  • $345Net income attributable to bank
  • $0Net charge-offs
  • $345Cash dividends
  • -$69Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.92%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 3.36%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.54%Return on equity (ROE)
  • 2.54%Retained earnings to average equity (YTD only)
  • -0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,540Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.00%Loss allowance to noncurrent loans
  • 80.11%Noncurrent assets plus other real estate owned to assets
  • 3.34%Noncurrent loans to loans
  • 3.75%Net loans and leases to deposits
  • 99.90%Net loans and leases to core deposits
  • 105.53%Equity capital to assets
  • 19.59%Core capital (leverage) ratio
  • 19.49%Tier 1 risk-based capital ratio
  • 28.15%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $79,143Average earning assets
  • $13,565Average equity
  • $76,599Average loans

List of branches

  • 1 Arizona Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441435Pinnacle Bank14287 North 87th Street, Suite 123, Scottsdale, AZ 85260September 28, 2005Full Service Brick and Mortar

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