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pinnacle bankshares corp (PPBN) Snapshot

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06/3/14 - $18.50
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pinnacle bankshares corp (PPBN) Details

Pinnacle Bankshares Corporation operates as the holding company for the First National Bank that provides commercial and retail banking products and services in the United States. It offers checking and savings accounts, time deposits, and individual retirement accounts. The company’s loan portfolio comprises residential and commercial mortgages, home equity loans, consumer installment loans, agricultural loans, investment loans, small business loans, commercial lines of credit, and letters of credit. It also provides investment, insurance, and annuity products; and merchant bankcard processing services. As of July 21, 2014, the company operated eight branches, including two branches in the Altavista town, as well as other branch locations include Village Highway in Rustburg, Wards Road near the Lynchburg Regional Airport, Timberlake Road in Campbell County, South Main Street in the Town of Amherst, Old Forest Road in the City of Lynchburg, and Forest Road in Bedford County. Pinnacle Bankshares Corporation was founded in 1908 and is headquartered in Altavista, Virginia.

pinnacle bankshares corp (PPBN) Top Compensated Officers

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pinnacle bankshares corp (PPBN) Key Developments

Pinnacle Bankshares Corporation Declares Cash Dividend, Payable on March 9, 2015

The board of directors for Pinnacle Bankshares Corporation declared a cash dividend of $0.085 per share on February 10, 2015, payable March 9, 2015 to shareholders of record as of February 23, 2015. The cash dividend is equal to the $0.085 per share paid to shareholders last quarter and marks the tenth consecutive quarter that a dividend has been declared.

Pinnacle Bankshares Corporation Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Pinnacle Bankshares Corporation announced consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, interest income was $3,495,000 compared to $3,631,000 a year ago. Net income was $467,000 or $0.30 per diluted share compared to $547,000 or $0.36 per diluted share a year ago. Net income generated during the fourth quarter of 2014 represents a 15% decrease as compared to the same time period of 2013. The decline was driven primarily by a higher provision for loan losses, which is attributed to fourth quarter loan growth. For the year, interest income was $14,035,000 compared to $14,899,000 a year ago. Net income was $2,149,000 or $1.40 per diluted share compared to $2,651,000 or $1.74 per diluted share a year ago. Return on average assets was 0.60% compared to 0.75% a year ago. Return on average equity was 6.59% compared to 8.96% a year ago. Book value was $21.60 per share compared to $21.08 per share a year ago.

Pinnacle Bankshares Corp. to Report Q4, 2014 Results on Feb 05, 2015

Pinnacle Bankshares Corp. announced that they will report Q4, 2014 results on Feb 05, 2015


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