Pinnacle Bank

150 3rd Avenue South
Nashville, TN 37201

Phone: 800 264 3613

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35583
Date Established 2000
Assets $25.45 billion
Loans $18.16 billion
Deposits $18.60 billion
Capital $4.19 billion

Pinnacle Bank is an FDIC insured institution located in Nashville, TN. It was founded in 2000 and has approximately $25.45 billion in assets. Customers can open an account at one of its 131 branches.

For a more detailed analysis of Pinnacle Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 20, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.03% $1 $4,999 Learn MoreShow Less
Money Market
0.03% $5,000 $14,999 Learn MoreShow Less
Money Market
0.03% $15,000 - Learn MoreShow Less
Premium Money Market Account
0.05% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.10% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 $249,999 Learn MoreShow Less
6 Mo CD
0.85% $1,000 $249,999 Learn MoreShow Less
Special: 10 Mo CD
2.15% $1,000 - Learn MoreShow Less
12 Mo CD
1.35% $1,000 $249,999 Learn MoreShow Less
Special: 15 Mo CD
2.20% $1,000 - Learn MoreShow Less
18 Mo CD
1.45% $1,000 $249,999 Learn MoreShow Less
Special: 23 Mo CD
2.30% $1,000 - Learn MoreShow Less
24 Mo CD
1.60% $1,000 $249,999 Learn MoreShow Less
30 Mo CD
1.60% $1,000 $249,999 Learn MoreShow Less
Special: 35 Mo CD
2.35% $1,000 - Learn MoreShow Less
36 Mo CD
1.65% $1,000 $249,999 Learn MoreShow Less
48 Mo CD
1.65% $1,000 $249,999 Learn MoreShow Less
60 Mo CD
1.80% $1,000 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.36% $1,000 $249,999 Learn MoreShow Less
Special: 10 Mo FIRA
2.15% $1,000 - Learn MoreShow Less
Special: 15 Mo FIRA
2.20% $1,000 - Learn MoreShow Less
Special: 23 Mo FIRA
2.30% $1,000 - Learn MoreShow Less
Special: 35 Mo FIRA
2.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $49,999 Learn MoreShow Less

Loan Rates - August 20, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Pinnacle Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.518% 3.500% 0.25 $545 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Pinnacle Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Pinnacle Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Pinnacle Bank Locations


Financial Details

Pinnacle Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Pinnacle Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Pinnacle Bank U.S. Bank Average
2.65% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Pinnacle Bank had $98,126,000 in non-current loans and $15,077,000 in owned real estate. To cover these potential losses it had $4,191,348,000 in equity and $87,194,000 in loans loss reserves. That gives it a Texas Ratio of 2.65%.

Return on Equity
Pinnacle Bank U.S. Bank Average
9.35% 9.47%

Pinnacle Bank has a Return on Equity of 9.35% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Pinnacle Bank U.S. Bank Average
16.47% 12.49%

Pinnacle Bank has a Capitalization of 16.47% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Pinnacle Bank Balance Sheet Analysis

As of March 31, 2019, Pinnacle Bank had assets of $25,445,234,000, loans of $18,155,826,000, and deposits of $18,602,980,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.48 billion
Interest-bearing balances $0.31 billion
Total securities $3.47 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $18.16 billion
Loan loss allowance $0.09 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $1.83 billion
All other assets $1.16 billion
     Total Assets $21.25 billion
LIABILITIES
Total deposits $18.60 billion
      Interest-bearing deposits $14.28 billion
      Deposits held in domestic offices $18.60 billion
      % insured (estimated) 53.20%
Federal funds purchased and repurchase agreements $0.10 billion
Trading liabilities $0.00 billion
Other borrowed funds $2.21 billion
Subordinated debt $0.13 billion
All other liabilities $0.22 billion
      Total Liabilities $21.25 billion
      Shareholders’ Equity $4.19 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.26 billion
Total Interest Expense $0.07 billion
Net interest income $0.19 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.05 billion
Total non interest expense $0.11 billion
Pre-tax Net Operating Income $0.12 billion

Bank Loan Profile?

The top three loan types in Pinnacle Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Tennessee, Pinnacle Bank has a significantly higher percent of Credit Card Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.03
Multifamily
Mortgages
3.89
Credit Card Loans 0.25
Consumer Auto Loans 0.27
Small Business Loans 7.12
Construction and Development Loans 11.55
Commercial Real Estate 37.04
Commercial and Industrial Loans 29.55
Farm Loans 0.00

Frequently Asked Questions About Pinnacle Bank

Branches and Savings

Is Pinnacle Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35583.

Why does Pinnacle Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Pinnacle Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Pinnacle Bank a commercial bank?

Yes

Where are Pinnacle Bank locations?

See branch locations nearby.

Is Pinnacle Bank open on Saturdays?

Is Pinnacle Bank open on Sundays?

What time does Pinnacle Bank open?

What time does Pinnacle Bank close?

Are Pinnacle Bank ATMs Open 24/7?

Do Pinnacle Bank ATMs accept cash deposits?

Can Pinnacle Bank customers use other ATMs?

Do Pinnacle Bank branches have notaries?

Will Pinnacle Bank notarize my document?

What address for Pinnacle Bank should I put for incoming ACH transfers?

Will the Pinnacle Bank branch print checks?

Do Pinnacle Bank checks expire?

Does Pinnacle Bank require US citizenship to open account?

Can Pinnacle Bank close my account?

Does Pinnacle Bank Report to credit bureaus?

Does Pinnacle Bank Use Equifax?

What is Pinnacle Bank's ACH Routing Number?

What is Pinnacle Bank's SWIFT code?

Products

Does Pinnacle Bank offer mortgages?

Compare mortgage rates here.

Does Pinnacle Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Pinnacle Bank offer personal loans?

Compare personal loan rates here.

Does Pinnacle Bank offer student loans?

Will Pinnacle Bank cash a check?

Will Pinnacle Bank redeem a savings bond?

Does Pinnacle Bank cash savings bonds?

Will Pinnacle Bank cash money orders?

Can Pinnacle Bank issue a money order?

Does Pinnacle Bank do currency exchange?

Background on The Bank

Who owns Pinnacle Bank?

How long has Pinnacle Bank been around?

Can Pinnacle Bank transfer to other banks?

Does Pinnacle Bank have quick pay?

Does Pinnacle Bank accept rolled coins?

Will Pinnacle Bank accept loose change?

Where is Pinnacle Bank headquarters?

Customer Reviews for Pinnacle Bank


  • jchitt@comcast.nrt

    March 05, 2019

    CDs 24 Month Rates

    Pinnacle has not had a 3% CD since Oct of 2018.

  • rand

    March 04, 2019

    CDs 36 Month Rates

    Not only does this bank not have this 3.1 % CD offering they offer nothing above the 2% range, will not remove these postings and use inquiry calls as a way to trap your phone number for future marketing calls.

  • rand

    March 04, 2019

    CDs 24 Month Rates

    This 3% rate has been posted for months. This bank has no 3% CDs nor do they remove this posting when notified

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