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
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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