This institution is no longer active

Operations ceased on October 16, 2003. CRA examination history below reflects the period it was active.

PINNACLE STATE BANK

WOODRUFF, SC · Supervised by FDIC

Est. 1934FDIC #14,067RSSD: FDIC-14067

Part ofJCO VENTURES LLC→ View all charters

Satisfactory Same

Current rating · Exam: July 2002

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 2.14%

Is this bank safe?

PINNACLE STATE BANK holds a Satisfactory CRA rating (2002), is financially strong (ROA +2.14%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

Main Street, WOODRUFF, SC

County

Spartanburg County

Established

March 1, 1934

Total Assets

$65M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

July 1, 2002

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 24 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2003Call Report / FDIC

Total Assets

$65M

Total Deposits

$51M

Net Loans

$55M

Net Income

$1M

ROA

2.14%

Above avg for Small banks. Peer avg: 0.44%

ROE

16.44%

Risk-Based Capital

15.80%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA2.14%Peer avg: 0.44%▲ Above avg

Risk-Based Capital15.80%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate35.00%Peer avg: 6.90%▲ More than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	80	52.5%	35.00%
2023	61	62.3%	22.95%
2022	75	41.33%	32.00%
2020	46	50%	28.26%
2019	60	66.67%	20.00%
2018	52	86.54%	9.62%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Jul 2002	Satisfactory	Small Bank
Aug 1997	Satisfactory	Small Bank
Jan 1995	Satisfactory	Not Reported

1 previous rating locked — back to 1992

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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