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Pinnacle Bank

Scottsdale, AZ · Cert 58186

FDIC · 4 branches

Q3 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Pinnacle Bank

Scottsdale, AZ · Cert 58186

FDIC · 4 branches

Q3 2019

$269.2MAssets
$193.3MLoans
$241.6MDeposits
$26.9MEquity
Loan mix
94%RE $162.8M5%C&I $9.4M0%Consumer $0.3MQ3 2018Q3 2019
Deposit mix
81%Interest-bearing $195.8M19%Noninterest $45.8MQ3 2018Q3 2019

NIM

4.60%Q3 ’174.98%Q3 ’184.78%Q3 ’19+3%-10%

Non-interest income vs. expense

3.86%Q3 ’174.77%Q3 ’184.21%Q3 ’19+91%+1%

Market Position · Phoenix-Mesa-Chandler, AZ · 2019 SOD (annual) · 0.2% share · #29 of 63 inst. · $0.2B of $110.2B

Executive Summary

  • Earnings: ROA of 0.50%, up 25 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 1.10% of loans (+84 bps YoY), with net charge-offs at 0.27%.
  • Capital: tier 1 leverage ratio of 10.13%, down 160 bps from a year ago.
  • Funding: loans stand at 80.00% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.50%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.78%-42 bps YoY

Efficiency Ratio (YTD, annualized)

93.46%+701 bps YoY

Tier 1 Leverage Ratio

10.13%-160 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.25%0.30%0.61%0.52%0.50%+25 bps
Return on Equity2.02%2.42%5.37%4.69%4.60%+258 bps
Net Interest Margin4.19%4.12%4.07%4.02%3.78%-42 bps
Efficiency Ratio86.45%85.17%83.22%83.73%93.46%+701 bps
Non-Interest Burden3.44%3.31%3.24%3.24%3.48%+4 bps
Growth
Asset Growth (YoY)12.31%16.57%16.16%19.65%21.00%+869 bps
Loan Growth (YoY)2.37%-1.95%-3.15%5.38%10.10%+774 bps
Deposit Growth (YoY)13.49%23.63%23.16%22.18%23.61%+1,011 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.26%0.84%2.10%1.10%+84 bps
Net Charge-Offs / Loans0.66%0.62%0.65%0.39%0.27%-39 bps
Allowance / Loans1.60%1.74%1.52%1.44%1.35%-25 bps
Allowance Coverage of NPLs6.1x6.8x1.8x0.7x1.2x-4.9x
Capital
Tier 1 Leverage Ratio11.73%11.50%11.36%11.08%10.13%-160 bps
Total Risk-Based Capital16.83%17.35%16.71%15.72%15.77%-106 bps
Equity / Assets11.56%11.70%11.14%10.51%10.00%-156 bps
Liquidity & Funding
Loans / Deposits89.81%85.76%82.83%81.51%80.00%-981 bps
Liquid Assets / Assets17.21%21.46%13.64%9.48%10.93%-628 bps
CRE / Total Capitaln/an/an/an/an/an/an/a