Pinnacle Bank of South Carolina in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Pinnacle Bank of South Carolina in Greenville, South Carolina (SC)
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Pinnacle Bank of South Carolina - Overview

  • General
  • FDIC Certificate #: 58179
    Status: Active
    Federal Reserve ID: 3384868
    Bank Holding Company (Regulatory Top Holder): Pbsc Financial Corporation (RSSDID: 3384859, Location: Greenville, SC)
    Date Established: January 09, 2006
    WWW: http://www.pinnaclebanksc.com
    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 #: 441377
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 09, 2006
    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: 937 North Pleasantburg Drive, Greenville, SC 29607
    County: Greenville
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $135.7 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $105.6 mil
    Return on assets (ROA): 0.40% ($0.5 mil)
    Quarterly return on assets: 0.84% ($1.1 mil)
    Return on Equity (ROE): 3.07% ($0.5 mil)
    Quarterly return on equity: 6.70% ($1.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.40% ($542.6 mil)
    Quarterly Pretax return on assets: 0.83% ($1,125.9 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
  • 29Total employees (full-time equivalent)
  • $135,651Total assets
  • $4,882Cash and due from depository institutions
  • $2,554Interest-bearing balances
  • $19,635Securities
  • $4,405Federal funds sold & reverse repurchase agreements
  • $99,148Net loans & leases
  • $1,814Loan loss allowance
  • $0Trading account assets
  • $1,421Bank premises and fixed assets
  • $1,507Other real estate owned
  • $0Goodwill and other intangibles
  • $135,651Life insurance assets
  • $4,653All other assets
  • $118,556Total liabilities and capital
  • $105,599Total liabilities
  • $93,757Total deposits
  • $105,599Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 5646.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $811Subordinated debt
  • $17,095All other liabilities
  • $17,095Total equity capital
  • $17,095Total bank equity capital
  • $0Perpetual preferred stock
  • $8,250Common stock
  • $8,800Surplus
  • $45Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,774Income earned, not collected on loans
  • $0Earning assets
  • $415Long-term assets (5+ years)
  • $125,742Average Assets, year-to-date
  • $16,670Average Assets, quarterly
  • $129,887Volatile liabilities
  • $135,842Insider loans
  • $106,406FHLB advances
  • $136,643Loans and leases held for sale
  • $3,237Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,073Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,237Total unused commitments
  • $12,040Restructured Loans and leases
  • $2,690Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,058Total interest income
  • $940Total interest expense
  • $5,118Net interest income
  • $910Provision for loan and lease losses
  • $635Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $456Additional noninterest income
  • $4,308Total noninterest expense
  • $2,467Salaries and employee benefits
  • $454Premises and equipment expense
  • $1,387Additional noninterest expense
  • $535Pre-tax net operating income
  • -$17Securities gains (losses)
  • $4Applicable income taxes
  • $514Income before extraordinary items
  • $0Extraordinary gains - net
  • $514Net income attributable to bank
  • $0Net charge-offs
  • $514Cash dividends
  • $848Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 3.07%Return on equity (ROE)
  • 3.07%Retained earnings to average equity (YTD only)
  • 0.88%Net charge-offs to loans
  • 107.31%Credit loss provision to net charge-offs
  • 1.70%Efficiency ratio
  • 74,883Assets per employee
  • 4.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 102.25%Noncurrent assets plus other real estate owned to assets
  • 2.42%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 93.89%Net loans and leases to core deposits
  • 133.25%Equity capital to assets
  • 12.60%Core capital (leverage) ratio
  • 12.49%Tier 1 risk-based capital ratio
  • 16.05%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $129,887Average earning assets
  • $16,755Average equity
  • $118,940Average loans

List of branches

  • 2 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441377Pinnacle Bank Of South Carolina937 North Pleasantburg Drive, Greenville, SC 29607January 09, 2006Full Service Brick and Mortar
    1466489Pinnacle Bank Of South Carolina Bran10515 Anderson Road, Easley, SC 29642Febuary 15, 2007Full Service Brick and Mortar

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