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Pinnacle Bank of South Carolina

Based on 1 review
Pinnacle Bank of South Carolina
Overview / Commentary
937 North Pleasantburg Drive
Greenville, SC 29607

Pinnacle Bank of South Carolina is headquartered in Greenville and is the 44th largest bank in the state of South Carolina. It is also the 3,801st largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 36 employees at 2 locations. Pinnacle Bank of South Carolina has a A health rating.

Reviews (1)

Not Impressed.

Little bank with Big Bank views, attacking customers on fees.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Pinnacle Bank of South Carolina had $1.55 million in non-current loans and owned real-estate with $21.3 million in equity and loan loss allowances on hand to cover it. This gives Pinnacle Bank of South Carolina a Texas Ratio of 7.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Pinnacle Bank of South Carolina decreased dramatically from 18.52% as of December 31, 2012 to 7.29% as of December 31, 2013, resulting in a positive change of 60.63%.This indicates that the balance sheet and financial strength for Pinnacle Bank of South Carolina has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Pinnacle Bank of South Carolina has decreased its total deposits by -$3.36 million, resulting in -2.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pinnacle Bank of South Carolina has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pinnacle Bank of South Carolina has $144.73 million in assets with $21.3 million in equity, resulting in a capitalization level of 14.72%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58179
Year Established2006
Employees36
Primary RegulatorFDIC
Assets and Liabilities
Assets$144.73 million
Loans$110.12 million
Deposits$116.21 million
Equity Capital$19.32 million
Loan Loss Allowance$1.99 million
Unbacked Noncurrent Loans$1.11 million
Real Estate Owned$442,000
Historic Data - December 2012
Assets$151.07 million
Equity Capital$18.88 million
Loan Loss Allowance$1.96 million
Unbacked Noncurrent Loans$1.11 million
Real Estate Owned$1.10 million
Profit Margin - Quarterly
Net Interest Margin4.06%
Return on Assets0.79%
Return on Equity6.12%
Interest Income$5.89 million
Rates

Sorry, we do not have rate data for Pinnacle Bank of South Carolina

Locations


Pinnacle Bank of South Carolina Locations
Pinnacle Bank Of South Carolina Branch10515 Anderson RoadEasley, SC 29642
Pinnacle Bank Of South Carolina937 North Pleasantburg DriveGreenville, SC 29607