Pinnacle Bank Reports – 913856

Pinnacle Bank Financial Reports

Quater Ended: 2024-06-30

Pinnacle Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Lincoln, NE. Established on 01/01/1880, the bank is regulated by the FDIC and has 77 domestic offices. It operates in the Lincoln, NE.

The bank has 902 employees and holds $8,627,338k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1880.

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Pinnacle Bank Institution Profile

Established Date 01/01/1880 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 77
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 902 Directly owned by another bank (CERT) No
Community Bank No ZIP 68508
Ownership Type Not Mutual City Lincoln
State Alpha code NE State and County Number 31109
Subchapter S Corporations No Trust Powers N/A
Federal Reserve ID Number 10 Federal Reserve ID Number Description KANSAS CITY
Office of The Comptroller District: WESTERN DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 06/30/2024 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Pinnacle Bank with our “Institution Profile” table. The 01/01/1880 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

77 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Lincoln, NE, and 68508 provide geographic context. Explore these attributes to gain a holistic view of Pinnacle Bank in the financial landscape.

Pinnacle Bank Financials

(USD, in thousands)

Total Assets $8,627,338 Total Liabilities $7,969,126
Total Equity Capital $658,212 Total Deposits $7,053,281
Net Loans and Leases $5,923,662 Total Interest Income $97,882
Total Noninterest Income $9,663 Total Interest Expense $53,181
Total Noninterest Expense $35,552 Tier 1 Risk-Based Capital Ratio 11.83%
Net Loans and Leases to Core Deposits 89.30% Return on Assets 0.62%
Return on Equity 8.29% Efficiency Ratio 65.19%

Financial Performance Overview

Gain a comprehensive perspective on Pinnacle Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $8,627,338k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $7,969,126k and total equity capital at $658,212k.

Delve into key operational metrics, including total deposits of $7,053,281k, net loans and leases at $5,924k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 11.8288, and Return on Assets at 0.62. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Pinnacle Bank’s performance and competitive positioning within the financial industry.

Pinnacle Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) $23 Net Loans and Leases to Core Deposits 89.30%
Tier 1 Risk-Based Capital Ratio 11.83% Securities Gains (Losses) $0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2.59%
Yield on Earning Assets 4.76% Total Interest Income $97,882
Applicable Income Taxes $3,866 Loss Allowance to Loans and Leases 1.13%
Net Loans and Leases $5,923,662 Loss Allowance to Noncurrent Loans and Leases 230.15%
Noncurrent Loans to Loans 0.49% Net Income Attributable to Bank and Noncontrolling Interests $13,452
Net Interest Income $44,701 Net Interest Margin 2.17%
Net Operating Income to Assets 0.62% Noninterest Income to Average Assets 0.45%
Total Noninterest Income $9,663 Noninterest Expense to Average Assets 1.65%
Total Noninterest Expense $35,552 Net Charge-Offs to Loans and Leases 0.12%
All Other Assets $131,679 Other Real Estate Owned $6,513
Other borrowed funds $802,130 Pre-tax Net Operating Income $17,318
Pretax Return on Assets 0.80% Return on Assets 0.62%
Retained Earnings to Average Equity (YTD only) 8.30%

Insights into Financial Metrics

Enhance your understanding of Pinnacle Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $5,923,662k and Net Interest Income $44,701k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 11.8288 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.12 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$9,663k and evaluate operational efficiency using metrics like Efficiency Ratio: 65.19. This nuanced financial overview empowers a comprehensive analysis of Pinnacle Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Pinnacle Bank. Get more data about Pinnacle Bank on Visbanking Report Portal.