Pinnacle Bancshares, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 20, 2021 at 09:15 pm
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Pinnacle Bancshares, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net interest income was USD 2.462 million compared to USD 2.095 million a year ago. Net income was USD 983,760 compared to USD 732,004 a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 0.74 a year ago. For the half year, net interest income was USD 4.841 million compared to USD 4.117 million a year ago. Net income was USD 1.890 million compared to USD 1.572 million a year ago. Basic earnings per share from continuing operations was USD 1.94 compared to USD 1.57 a year ago.
Pinnacle Bancshares, Inc. is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary, Pinnacle Bank. The Bank is primarily in the business of obtaining funds in the form of various savings, demand deposit, and time deposit products and investing those funds in mortgage, consumer, and commercial loans. The Bank operates in seven offices in the central and northwest portions of Alabama and originates its loans in this market area. The Company offers various types of real estate loan products, including commercial real estate mortgage loans, loans for real estate construction and development, residential mortgage loans and other real estate mortgage loans. Its commercial non-real estate loan portfolio segment includes commercial, financial, agricultural and municipal tax-free loans. The Companyâs consumer loan portfolio segment includes direct consumer installment loans, overdrafts, and other revolving credit loans.
PINNACLE BANCSHARES, INC. 
