Pinnacle Bank in Gilroy, California (CA)



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Pinnacle Bank routing number info

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Pinnacle Bank
GeneralFDIC Certificate #: 58297
Status: Active
Federal Reserve ID: 3455227
Date Established: July 17, 2006
WWW: http://www.pinnaclebankonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 445670
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: July 17, 2006
Last Structure Change Effective Date: December 01, 2008
Last Structure Change Process Date: December 01, 2008
Last Data Update: December 01, 2008
Data Source Date: April 05, 2012
LocationAddress: 7597 Monterey Street, Gilroy, CA 95020
County: Santa Clara
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: San Francisco
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): San Jose, CA (#7400)
Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940)
CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial SummaryTotal assets: $154.9 mil
Equity capital: $16.4 mil
Deposits held in domestic offices: $137.7 mil
Return on assets (ROA): 0.36% ($0.6 mil)
Quarterly return on assets: 0.25% ($0.4 mil)
Return on Equity (ROE): 3.44% ($0.6 mil)
Quarterly return on equity: 2.38% ($0.4 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.36% ($557.7 mil)
Quarterly Pretax return on assets: 0.25% ($387.3 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)33
Total assets$154,911
Cash and due from depository institutions$8,665
Interest-bearing balances$6,715
Securities$8,223
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$128,834
Loan loss allowance $2,771
Trading account assets$0
Bank premises and fixed assets$5,185
Other real estate owned$1,860
Goodwill and other intangibles$0
All other assets$2,144
Life insurance assets$154,911
Total liabilities and capital$138,529
Total liabilities$137,717
Total deposits$102,042
Interest-bearing deposits$137,717
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $812
All other liabilities $16,382
Total equity capital$16,382
Total bank equity capital$16,382
Perpetual preferred stock$0
Common stock$29,320
Surplus$2,306
Undivided profits $-15,244
Memoranda
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 $1,791
Earning assets $0
Long-term assets (5+ years) $432
Average Assets, year-to-date $143,772
Average Assets, quarterly $38,677
Volatile liabilities $151,750
Insider loans $157,100
FHLB advances $146,190
Loans and leases held for sale $161,605
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,337
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,712
Derivatives$3,367
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,267
Total interest expense $753
Net interest income $6,514
Provision for loan and lease losses $233
Total noninterest income $267
Fiduciary activities $0
Service charges on deposit accounts $239
Trading account gains & fees $0
Additional noninterest income $28
Total noninterest expense $5,996
Salaries and employee benefits $3,631
Premises and equipment expense $599
Additional noninterest expense $1,766
Pre-tax net operating income $552
Securities gains (losses) $0
Applicable income taxes $1
Income before extraordinary items $551
Extraordinary gains - net $0
Net income attributable to bank $551
Net charge-offs $0
Cash dividends $551
Sale, conversion, retirement of capital stock, net $67
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 assets5.21%
Cost of funding earning assets 0.54%
Net interest margin 4.67%
Noninterest income to earning assets 0.19%
Noninterest expense to earning assets 4.30%
Net operating income to assets 0.36%
Return on assets (ROA) 0.36%
Pretax return on assets 0.36%
Return on equity (ROE) 3.44%
Retained earnings to average equity (YTD only) 3.44%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 347.76%
Efficiency ratio11.72%
Assets per employee$88,424
Cash dividends to net income (YTD only)4.69%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.11%
Noncurrent assets plus other real estate owned to assets 154.72%
Noncurrent loans to loans 2.36%
Net loans and leases to deposits1.36%
Net loans and leases to core deposits 93.55%
Equity capital to assets 119.93%
Core capital (leverage) ratio 10.58%
Tier 1 risk-based capital ratio 10.11%
Total risk-based capital ratio 11.18%
Memoranda
Average assets$12
Average earning assets$151,750
Average equity $15,996
Average loans $139,601
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3 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0445670Pinnacle Bank7597 Monterey Street, Gilroy, CA 95020July 17, 2006Full Service Brick and Mortar
2458845Morgan Hill Branch18181 Butterfield Boulevard, Suite 135, Morgan Hill, CA 95037January 29, 2007Full Service Brick and Mortar
3469059Salinas Branch1368 South Main Street, Salinas, CA 93908October 29, 2007Full Service Brick and Mortar
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