Pinnacle Bank (GA) is headquartered in Elberton and is the 15th largest bank in the state of Georgia. It is also the 903rd largest bank in the nation. It was established in 1934 and as of June of 2017, it had grown to 216 employees at 15 locations. Pinnacle Bank (GA) has an A+ health rating.
I absolutely LOVE Pinnacle Bank! When first walking through the door I felt the "small town" vibe, meaning that it was very welcoming. I have two checking accounts in which I opened up about a month ago. The staff was very down-home and friendly and listened to exactly what I was in need of and explained the options I had. I chose the Super Free account where there are no monthly maintenance fees. They explained that your funds in your checking account actually earn interest while there! The whole process of opening the accounts were super easy. Also, they even create you final debit card there. I didn't even have to wait for my debit card (MasterCard) to come in the mail. The only drawback is that Pinnacle does not have weekend hours and my local branch closes at 6:30 on Friday evenings. Their ATM's is not equipped to take deposits, only withdrawals can be done.
|FDIC Certificate #||14065|
|Return on Assets - YTD||1.85%|
|Return on Equity - YTD||16.09%|
|Annual Interest Income||$17.1MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$846.6MM$675.7MM|
|Loans||Q2 2017vs Q2 2016||$611.7MM$424.3MM|
|Deposits||Q2 2017vs Q2 2016||$739.2MM$590.5MM|
|Equity Capital||Q2 2017vs Q2 2016||$101.8MM$80.4MM|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$4.6MM$4.1MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$3.4MM$4.5MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$2.9MM$2.7MM|
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