Pinnacle Bank (Pinnacle Bank) Credit Losses Provision : $0.33 Mil (As of Dec. 2023)

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What is Pinnacle Bank Credit Losses Provision?

Pinnacle Bank's credit losses provision for the six months ended in Dec. 2023 was $0.33 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.33 Mil.

Pinnacle Bank's quarterly credit losses provision declined from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($-1.15 Mil) but then increased from Dec. 2022 ($-1.15 Mil) to Dec. 2023 ($0.33 Mil).

Pinnacle Bank's annual credit losses provision declined from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($-1.15 Mil) but then increased from Dec. 2022 ($-1.15 Mil) to Dec. 2023 ($0.33 Mil).

Pinnacle Bank Credit Losses Provision Historical Data

The historical data trend for Pinnacle Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pinnacle Bank Credit Losses Provision Chart

Pinnacle Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.28

2.07

-1.15

0.33

Pinnacle Bank Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Credit Losses Provision	Get a 7-Day Free Trial						0.28	2.07	-	-1.15	0.33

Pinnacle Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.33 Mil.

Pinnacle Bank (Pinnacle Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pinnacle Bank (OTCPK:PBNK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

7597 Monterey Street, Gilroy, CA, USA, 95020

Website

https://www.pinnaclebankonline.com

Pinnacle Bank is a bank holding company. The bank offers a range of commercial and retail banking products and services, including checking, savings and time deposits, individual retirement accounts, merchant bankcard processing, 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 offers various types of deposits, including noninterest-bearing demand deposits and interest-bearing deposits. It provides products and services to small to middle-market businesses, professionals, not-for-profit organizations, and individuals.