Pinnacle Bank Announces Q3 2014 Results
Business Wire - Mon Oct 27, 12:09PM CDT
PBNK - Pinnacle Bank, headquartered in Gilroy, California, announced today unaudited net income for the three months ended September 30, 2014 of $346,000 compared to $5,975,000 in the same period of 2013. During the third quarter of 2013, the valuation allowance was reversed on $5.833 million of deferred tax assets. Income before taxes for the three months ended September 30, 2014 was $576,000 a 307% increase from the $142,000 for the same period of 2013.
Pinnacle Bank Ranked the Number 2 Top Performing Bank in the Country with Assets Between $150 to $300 million by Independent Community Bankers of America, (ICBA)
Business Wire - Thu Jun 12, 3:02PM CDT
Pinnacle Bank (OTCBB: PBNK), headquartered in Gilroy, California, has been ranked number 2 in the country by ICBA of top performing member banks with assets between $150 and $300 million. ICBA utilized year-end FDIC call report earnings data to identify the top 25 community banks in six asset-size categories. Each top-25 listing measures community banks by their return on average asset (ROA) and return on average equity (ROE) ratios for all of 2013.