“The Bank continued to see an improvement in its credit quality throughout 2012. Management remains proactive in its approach to collections and problem asset management as we recognize that continued improvement is a key factor to producing higher returns,” stated Bryan M. Lemley, Chief Financial Officer of both the Company and the Bank.As previously announced, the Company paid a cash dividend in the fourth quarter of 2012 based on improved credit quality, higher returns and the anticipated cost savings from the Company’s deregistration of its common shares with the SEC.
Pinnacle Bankshares Corporation Fourth Quarter And 2012 Earnings Report
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