Pinnacle Bank in Gilroy, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Pinnacle Bank in Gilroy, California (CA)
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Pinnacle Bank routing number info

Pinnacle Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 33Total employees (full-time equivalent)
  • $154,911Total assets
  • $8,665Cash and due from depository institutions
  • $6,715Interest-bearing balances
  • $8,223Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $128,834Net loans & leases
  • $2,771Loan loss allowance
  • $0Trading account assets
  • $5,185Bank premises and fixed assets
  • $1,860Other real estate owned
  • $0Goodwill and other intangibles
  • $154,911Life insurance assets
  • $2,144All other assets
  • $138,529Total liabilities and capital
  • $137,717Total liabilities
  • $102,042Total deposits
  • $137,717Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $812Subordinated debt
  • $16,382All other liabilities
  • $16,382Total equity capital
  • $16,382Total bank equity capital
  • $0Perpetual preferred stock
  • $29,320Common stock
  • $2,306Surplus
  • $-15,244Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,791Income earned, not collected on loans
  • $0Earning assets
  • $432Long-term assets (5+ years)
  • $143,772Average Assets, year-to-date
  • $38,677Average Assets, quarterly
  • $151,750Volatile liabilities
  • $157,100Insider loans
  • $146,190FHLB advances
  • $161,605Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,337Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,712Restructured Loans and leases
  • $3,367Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,267Total interest income
  • $753Total interest expense
  • $6,514Net interest income
  • $233Provision for loan and lease losses
  • $267Total noninterest income
  • $0Fiduciary activities
  • $239Service charges on deposit accounts
  • $0Trading account gains & fees
  • $28Additional noninterest income
  • $5,996Total noninterest expense
  • $3,631Salaries and employee benefits
  • $599Premises and equipment expense
  • $1,766Additional noninterest expense
  • $552Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $551Income before extraordinary items
  • $0Extraordinary gains - net
  • $551Net income attributable to bank
  • $0Net charge-offs
  • $551Cash dividends
  • $67Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 3.44%Return on equity (ROE)
  • 3.44%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 347.76%Credit loss provision to net charge-offs
  • 11.72%Efficiency ratio
  • 88,424Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 154.72%Noncurrent assets plus other real estate owned to assets
  • 2.36%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 93.55%Net loans and leases to core deposits
  • 119.93%Equity capital to assets
  • 10.58%Core capital (leverage) ratio
  • 10.11%Tier 1 risk-based capital ratio
  • 11.18%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $151,750Average earning assets
  • $15,996Average equity
  • $139,601Average loans

List of branches

  • 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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