Last $17.80 USD
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Volume 0.0
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pinnacle bankshares corp (PPBN) Snapshot

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52 Week High
06/3/14 - $18.50
52 Week Low
01/31/14 - $15.20
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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.

107 Employees
Last Reported Date: 08/9/14
Founded in 1908

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Executives, Board Directors

pinnacle bankshares corp (PPBN) Key Developments

Pinnacle Bankshares Corporation Declares Cash Dividend, Payable on December 8, 2014

The Board of Directors for Pinnacle Bankshares Corporation declared a cash dividend of $0.085 per share, payable on December 8, 2014 to shareholders of record as of November 24, 2014. Total annual cash dividends for 2014 have increased $0.095 to $0.32 per share as compared to $0.225 per share for 2013.

Pinnacle Bankshares Corp. Appoints Tony Bowling as Senior Vice President and COO

Pinnacle Bankshares Corp. appointed Tony Bowling as senior vice president and COO, responsible for technology, core system management, network administration, facilities and branch support. Bowling previously served as the bank's network administrator. The change was part of a reorganization of the bank's operations department that occurred during the third quarter, as the company worked to improve efficiency, productivity and customer service.

Pinnacle Bankshares Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Pinnacle Bankshares Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, interest income was $3,480,000 against $3,717,000 a year ago. Net interest income was $2,992,000 against $2,976,000 a year ago. Net income was $601,000 against $544,000 a year ago. Diluted earnings per share were $0.39 against $0.36 a year ago. For the nine months, interest income was $10,540,000 against $11,268,000 a year ago. Net interest income was $9,031,000 against $8,673,000 a year ago. Net income was $1,682,000 against $2,470,000 a year ago. Diluted earnings per share were $1.10 against $1.62 a year ago. Return on average assets was 0.63% against 0.92% a year ago. Return on average equity was 6.80% against 11.35% a year ago. Book value was $22.22 against $19.80 a year ago.


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Price/Sales 1.7x
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