Pinnacle Bank (PBNK) reports developments for a Gilroy, California community bank focused on relationship-based business banking for local businesses, nonprofits, entrepreneurs and business owners from the Salinas Valley to Silicon Valley. Recurring updates cover unaudited quarterly and annual earnings, asset levels, gross loans, deposits, book value per share and regulatory capital ratios.
Company news also addresses credit quality within loan portfolios, including allowance levels, provisions for credit losses, nonaccrual or nonperforming assets, and exposure areas such as asset-based lending and hospitality-related commercial real estate. Governance updates include board leadership changes.
Pinnacle Bank (PBNK) appointed Cliff Dennett as President and Chief Executive Officer and a director, effective February 1, 2027.
Dennett, currently Chief Credit Officer, will succeed Jeffrey D. Payne, who will transition to Chairman of the Board. Susan Black, the outgoing Chairman, will become Vice Chairman. The board described the changes as the culmination of its long-term succession planning. Dennett brings nearly 30 years of banking experience, with roles at Pinnacle spanning relationship management, commercial lending and credit administration.
Pinnacle Bank (OTCQB: PBNK) reported unaudited third-quarter 2026 net income of $235,000, down from the same quarter a year earlier. Earnings fell 78% from $1.076 million, while basic and diluted earnings per share declined to $0.04 from $0.18. Net interest income rose 5% to $9.328 million, but the loan-loss provision increased 61% to $3.210 million. The company attributed the provision primarily to a $2.8 million charge-off resolving one asset-based lending loan.
At September 30, assets reached $993.610 million, up 10% year over year; deposits increased 10% to $864.926 million and loans rose 2% to $577.725 million. Nonaccrual loans fell to $7.3 million from $13.7 million. The total capital ratio was 17.89%, above the 10.00% well-capitalized minimum. For the first nine months, net income declined 41% to $3.035 million.
Pinnacle Bank (PBNK) and FHLBank San Francisco will deliver a $100,000 AHEAD Program grant to Veterans Transition Center of California. Pinnacle Bank applied with the center, which was awarded the grant after a competitive selection process.
The funding will help pay for the center’s “From Service to Success” program. Based in Marina, California, the nonprofit provides veterans with housing, workforce development and wellness support. AHEAD grants enable FHLBank San Francisco members to support local economic development projects addressing needs in low- to moderate-income communities.
Pinnacle Bank (OTCQB: PBNK) reported unaudited net income of $1.482 million for Q2 2026, up from $1.319 million in Q1 2026 but below $2.173 million in Q2 2025. Basic and diluted EPS were $0.25, compared with $0.22 in the prior quarter and $0.37 and $0.36 a year earlier.
As of June 30, 2026, total assets were $937.0 million, up 7% year over year. Total loans reached $576.4 million (up 2%), while total deposits were $810.3 million (up 7%), driven by 13% growth in interest-bearing deposits and a 6% decline in non-interest-bearing deposits.
The allowance for loan losses was $7.293 million, or 1.27% of net loans, slightly higher year over year. Nonperforming assets increased to $17.296 million from $11.508 million a year earlier. Regulatory capital ratios remained above well-capitalized thresholds, with a total capital ratio of 17.54% and Tier 1 leverage ratio of 11.88%. Book value per share was $18.34.
Pinnacle Bank (OTCQB:PBNK) announced that Mark Roach has joined as Executive Vice President, Senior Lending Officer, effective June 4, 2026. Roach brings over 30 years of commercial lending and credit risk management experience.
He will support existing lending clients, evaluate new lending opportunities, and be based in the Campbell office, reporting to Chief Credit Officer Cliff Dennett.
Pinnacle Bank (OTCQB:PBNK), headquartered in Gilroy, California, announced on June 2, 2026 that Debra Silveira has joined as Executive Vice President, Director of Human Resources.
Silveira brings over 26 years of banking experience, a background in business marketing and humanities, and a focus on employee advocacy, professional development, and inclusive, people-centric culture.
Pinnacle Bank (OTCQB: PBNK) reported unaudited Q1 2026 net income of $1.319 million, down from $1.914 million a year earlier. Total assets were $945.8 million, up 6% year-over-year, and total deposits grew 6% to $823.5 million.
Allowance for loan losses rose to $12.971 million (2.29% of net loans). The bank remained well capitalized with a total capital ratio of 17.71% and book value per share of $18.08 as of March 31, 2026.
Pinnacle Bank (OTCQB: PBNK) reported unaudited net income of $5.45M for year ended December 31, 2025, down from $8.85M in 2024. Fourth-quarter 2025 net income was $0.287M versus $3.42M a year earlier, after a $4.223M provision for credit issues.
Total assets rose to $890.4M, gross loans were $583.4M, total deposits were $765.8M, allowance for loan losses increased to $13.152M (2.27% of net loans), and total capital ratio remained well capitalized at 17.24%.
Pinnacle Bank (OTCQB:PBNK) reported unaudited Q3 2025 net income of $1,076,000, up from $244,000 in Q3 2024. Total assets were $905.7 million (+2% YoY) and total deposits were $785.0 million (+1% YoY). Gross loans declined to $568.4 million (-8% YoY) while the allowance for credit losses rose to $8.922 million (1.58% of net loans).
The quarter included a $2.0 million provision for credit losses tied to reduced collateral values on nonaccrual loans (commercial real estate hotel loans $8.1M; asset-based commercial loans $5.6M). Book value per share was $17.81 and the Bank reported a total capital ratio of 17.76%, above well-capitalized thresholds.
Pinnacle Bank (OTCQB: PBNK) reported Q2 2025 financial results with net income of $2.17 million, up 14% from $1.91 million in Q1 2025. Total assets reached $878.1 million, showing a 3% year-over-year growth.
The bank's financial position remains strong with a total capital ratio of 17.52%, well above regulatory requirements. Total deposits increased by 2% year-over-year to $759.3 million. However, gross loans decreased 5% to $568.7 million compared to the previous year. The bank reported nonperforming assets of $11.5 million, up from zero in the previous year.
Book value per share increased to $17.57, and the bank maintains its Five-Star "Superior" rating from Bauer Financial.