As of
Gross loans were
Total deposits as of
“Our team continues to focus on adding quality relationships which led to an increase in our deposits in 2025,” stated
The Bank’s capital position remains above regulatory guidelines for well capitalized banks. At
For more information, please go to www.pinnacle.bank, click on Investor Relations and
About
Forward-Looking Statements
This release may contain forward-looking statements, such as, among others, statements about plans, expectations and goals concerning growth and improvement. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in our primary service area and more generally in
|
Summary Balance Sheet |
|
|
|
Year over year change |
||||||||||
|
(Unaudited, dollars in thousands) |
|
|
|
$ |
% |
|||||||||
|
Total assets |
$ |
890,355 |
|
$ |
905,733 |
|
$ |
846,848 |
|
$ |
43,507 |
|
5% |
|
|
Gross loans |
$ |
583,428 |
|
$ |
568,361 |
|
$ |
600,637 |
|
$ |
(17,209 |
) |
-3% |
|
|
Allowance for loan losses |
$ |
(13,152 |
) |
$ |
(8,922 |
) |
$ |
(7,352 |
) |
$ |
(5,800 |
) |
79% |
|
|
Non-interest bearing deposits |
$ |
248,025 |
|
$ |
255,482 |
|
$ |
248,677 |
|
$ |
(652 |
) |
0% |
|
|
Interest-bearing deposits |
$ |
517,822 |
|
$ |
529,495 |
|
$ |
483,555 |
|
$ |
34,267 |
|
7% |
|
|
Total deposits |
$ |
765,846 |
|
$ |
784,977 |
|
$ |
732,232 |
|
$ |
33,614 |
|
5% |
|
|
Shareholders' equity |
$ |
106,328 |
|
$ |
105,543 |
|
$ |
98,975 |
|
$ |
7,353 |
|
7% |
|
|
Summary Income Statement |
|
|
|
|
|||||||
|
(Unaudited, dollars in thousands |
Year ended |
Year ended |
Change |
Change |
|||||||
|
except per share data) |
|
|
$ |
% |
|||||||
|
Interest income |
$ |
48,764 |
$ |
51,711 |
$ |
(2,947 |
) |
-5.7% |
|||
|
Interest expense |
|
13,653 |
|
|
13,727 |
|
|
(74 |
) |
-0.5% |
|
|
Net interest income |
|
35,110 |
|
|
37,984 |
|
|
(2,873 |
) |
-7.6% |
|
|
Provision for loan losses |
|
6,223 |
|
|
3,791 |
|
|
2,432 |
|
64.1% |
|
|
Non-interest income |
|
1,867 |
|
|
2,196 |
|
|
(329 |
) |
-15.0% |
|
|
Non-interest expense |
|
23,328 |
|
|
24,088 |
|
|
(760 |
) |
-3.2% |
|
|
Income tax expense |
|
1,976 |
|
|
3,455 |
|
|
(1,479 |
) |
-42.8% |
|
|
Net income (loss) |
$ |
5,450 |
|
$ |
8,846 |
|
$ |
(3,396 |
) |
-38.4% |
|
|
|
|
|
|
|
|||||||
|
Basic Earnings (loss) per share |
$ |
0.92 |
|
$ |
1.52 |
|
$ |
(0.60 |
) |
-39.7% |
|
|
Diluted Earnings (loss) per share |
$ |
0.91 |
|
$ |
1.49 |
|
$ |
(0.58 |
) |
-38.9% |
|
|
Book value per share |
$ |
17.93 |
|
$ |
16.87 |
|
$ |
1.06 |
|
6.3% |
|
|
Shares outstanding at period end |
|
5,928,916 |
|
|
5,865,666 |
|
|
63,250 |
|
1.1% |
|
|
Nonperforming assets |
|||||||||
|
unaudited (dollars in thousands) |
|
|
|
||||||
|
Nonperforming assets |
$ |
19,967 |
$ |
16,845 |
$ |
11,968 |
|||
|
|
|
|
|
Minimum |
||||
|
|
|
|
|
required to be |
||||
|
Capital Ratios |
|
|
|
well-capitalized |
||||
|
Tier 1 leverage ratio |
11.80 |
% |
11.87 |
% |
11.41 |
% |
5.00 |
% |
|
Common Equity Tier 1 capital ratio |
15.98 |
% |
16.51 |
% |
15.22 |
% |
6.50 |
% |
|
Tier 1 capital ratio |
15.98 |
% |
16.51 |
% |
15.22 |
% |
8.00 |
% |
|
Total capital ratio |
17.24 |
% |
17.76 |
% |
16.34 |
% |
10.00 |
% |
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