Pinnacle Bankshares Corp (PPBN) financial statements (2023 and earlier)

Company profile

Business Address 622 BROAD ST
ALTAVISTA, VA 24517
State of Incorp. VA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments210,81435,790
Cash and cash equivalents210,81435,790
Receivables565,950277,435
Total current assets:776,764313,225
Noncurrent Assets
Property, plant and equipment22,6696,313
Intangible assets, net (including goodwill)2,112539
Goodwill539539
Intangible assets, net (excluding goodwill)1,573 
Total noncurrent assets:24,7816,852
Other undisclosed assets58,96928,617
TOTAL ASSETS:860,514348,694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities802,184320,605
Total liabilities:802,184320,605
Stockholders' equity
Stockholders' equity attributable to parent58,33028,089
Common stock6,3644,492
Additional paid in capital11,288987
Accumulated other comprehensive loss(3,831)(1,634)
Retained earnings44,50924,244
Total stockholders' equity:58,33028,089
TOTAL LIABILITIES AND EQUITY:860,514348,694

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2012
Revenues20,148621
Net investment income20,148 
Financial services revenue621
Cost of revenue(252)(1,177)
Provision for loan, lease, and other losses(252)
Financial services costs(1,177)
Gross profit:19,896(556)
Operating expenses(1,600)(6,820)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,507474
Operating income (loss):19,803(6,902)
Nonoperating income
(Investment Income, Nonoperating)
2,694 
Interest and debt expense(2,519)(3,972)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(15,802)12,831
Income from continuing operations before income taxes:4,1761,957
Income tax expense(1,114)(619)
Net income available to common stockholders, diluted:3,0621,338

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2012
Net income:3,0621,338
Other comprehensive loss(847) 
Comprehensive income:2,2151,338
Other undisclosed comprehensive loss, net of tax, attributable to parent (204)
Comprehensive income, net of tax, attributable to parent:2,2151,134

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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