<a href="https://laohu8.com/S/PBNK">Pinnacle Bank</a> Reports Q3 Net Income of $1.08 Million
Pinnacle Bank reported unaudited net income of $1.1 million for the third quarter of 2025, compared to $0.2 million in the same period of 2024. As of September 30, 2025, total assets were $905.7 million, up 2% from $891.4 million a year earlier. Total deposits reached $785.0 million, a 1% increase from $780.9 million at September 30, 2024. Gross loans stood at $568.4 million, an 8% decrease from $614.6 million at September 30, 2024. The allowance for credit losses was $8.9 million or 1.6% of net loans, compared to $7.3 million or 1.2% of net loans a year earlier. The provision for credit losses for the third quarter of 2025 was $2.0 million. Nonaccrual loans at September 30, 2025, included $8.1 million in commercial real estate hotel loans and $5.6 million in asset-based commercial loans, compared to $8.4 million in commercial real estate hotel loans a year earlier. The bank's total capital ratio was 17.8%, and book value per share was $17.8 at September 30, 2025.
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