Pinnacle Bank (Pinnacle Bank) Scaled Net Operating Assets : -0.07 (As of Dec. 2023)

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What is Pinnacle Bank Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pinnacle Bank's operating assets for the quarter that ended in Dec. 2023 was $674.16 Mil. Pinnacle Bank's operating liabilities for the quarter that ended in Dec. 2023 was $729.49 Mil. Pinnacle Bank's Total Assets for the quarter that ended in Dec. 2022 was $757.89 Mil. Therefore, Pinnacle Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.07.

Pinnacle Bank Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pinnacle Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(730.217	-	729.494)	/	757.89
=	0.00

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	817.42	-	87.203
=	730.217

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	729.494	-	0	-	0
=	729.494

Pinnacle Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(674.159	-	729.494)	/	757.89
=	-0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	817.42	-	143.261
=	674.159

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	729.494	-	0	-	0
=	729.494

* 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 (Pinnacle Bank) Business Description

Industry

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Traded in Other Exchanges

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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.