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Pinnacle Bankshares (Pinnacle Bankshares) Goodwill-to-Asset : 0.00 (As of Mar. 2024)


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What is Pinnacle Bankshares Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Pinnacle Bankshares's Goodwill for the quarter that ended in Mar. 2024 was $0.54 Mil. Pinnacle Bankshares's Total Assets for the quarter that ended in Mar. 2024 was $1,000.01 Mil. Therefore, Pinnacle Bankshares's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.00.


Pinnacle Bankshares Goodwill-to-Asset Historical Data

The historical data trend for Pinnacle Bankshares's Goodwill-to-Asset 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.

* Premium members only.

Pinnacle Bankshares Goodwill-to-Asset Chart

Pinnacle Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
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Pinnacle Bankshares Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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Competitive Comparison of Pinnacle Bankshares's Goodwill-to-Asset

For the Banks - Regional subindustry, Pinnacle Bankshares's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pinnacle Bankshares's Goodwill-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pinnacle Bankshares's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Pinnacle Bankshares's Goodwill-to-Asset falls into.



Pinnacle Bankshares Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Pinnacle Bankshares's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=0.54/1016.528
=0.00

Pinnacle Bankshares's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Goodwill to Asset (Q: Mar. 2024 )=Goodwill/Total Assets
=0.54/1000.006
=0.00

* 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.


Pinnacle Bankshares  (OTCPK:PPBN) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Pinnacle Bankshares Goodwill-to-Asset Related Terms

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Pinnacle Bankshares (Pinnacle Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
622 Broad Street, Post Office Box 29, Altavista, VA, USA, 24517
Pinnacle Bankshares Corp is a bank holding company. It offers commercial and retail banking products and services including checking, savings and time deposits, individual retirement accounts, merchant bankcard processing, residential and commercial mortgages, loans, commercial lines of credit and letters of credit. The company also offers investment, insurance, and annuity products.
Executives
Judson H Dalton director C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
C Bryan Stott director C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
Hall Aubrey H Iii officer: Executive Vice President C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
A Patricia Merryman director C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
John L Waller director
Thomas F Hall director PO BOX 1256, AMHERST VA 24521
Bryan M Lemley officer: Chief Financial Officer 325 SMOKETREE LN, LYNCHBURG VA 24502
Carroll Shelton director, officer: Senior Vice President
John P Erb director
A Willard Arthur director
William F Overacre director
Gilliam Robert H Jr director, officer: President and CEO
Michael E Watson director
Burton James E Iv director 1314 LEE JACKSON HWY, LYNCHBURG VA 24503

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