Pinnacle Bankshares Corporation · OTC:PPBN
Pinnacle Bankshares — Shareholder Meeting (May 2026)
69 slides from Pinnacle Bankshares's shareholder meeting presentation, May 12, 2026
Slide 1: 2026 Annual Meeting of Shareholders
2026 ANNUAL MEETING OF SHAREHOLDERS PINNACLE BANKSHARES CORPORATION TUESDAY, MAY 12, 2026 | 11:00 AM 2026 Annual Meeting of Shareholders Presentation 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation and/or statements made during this meeting may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements that are not historical facts are forward-looking and are ba
Slide 3: 2025 Overview
Overview 2025 Let’s Take a Look at the 2025 Overview 3
Slide 4: 2025 Overview – Economy
2025 OVERVIEW ■ Real GDP (1) 2025: 2.1% 2024: 2.8% ECONOMY ■ Inflation – CPI (2) 2025 o 2.7% o 2.6% (Core) 2024 o 2.9% o 3.2% (Core) ■ Unemployment (December) (2) 2025: 4.4% 2024: 4.1% (1) U.S. Bureau of Economic Analysis (2) U.S. Bureau of Labor Statistics 2025 Overview – Economy Real
Slide 5: 2025 Overview – Interest Rates
2025 OVERVIEW ■ Fed held Rates Steady during First Half of 2025 INTEREST RATES ■ Decreased Rates 3 times from September to December ■ Total Decrease of .75%(1) Fed Funds Target 3.5% to 3.75% Prime 6.75% ■ Treasury Yields Year-End(2) 5 Year 3.73% -66 BPS 10 Year 4.17% -40 BPS (1) Federal Rese
Slide 6: 2025 Overview – Equity Markets
2025 OVERVIEW ■ Another Banner Year in 2025(1) Dow up 12.98% EQUITY MARKETS NASDAQ up 20.36% S&P 500 up 16.39% ■ Markets initially rattled by the Current Administration’s Policies, specifically Tariffs & Geopolitical Positions ■ Ultimately Stabilized, Recovered, & Posted Record Highs ■ Directi
Slide 7: 2025 Overview – Banking Industry
2025 OVERVIEW ■ Credit Quality still Strong Concern remains about Impact of Interest Rate Repricing on Borrowers BANKING INDUSTRY ■ Higher Cost of Funds continues to create Margin Pressures for some Banks ■ Negative Impact of Unrealized Losses in Securities Portfolios on Book Values has eased ■ Ov
Slide 8: 2025 Overview – Pinnacle & FNB
2025 OVERVIEW ■ Experienced Growth of Total Assets, Loans, & Deposits PINNACLE & FNB ■ Remained Core Funded with Ample Liquidity & Low Cost of Funds ■ Further Expanded Net Interest Margin ■ Maintained a Solid Capital Position Which resulted in… 2025 Overview – Pinnacle & FNB Experienced Growth of
Slide 9: 2025 Overview – Pinnacle & FNB
2025 OVERVIEW ■ Record High Net Income PINNACLE & FNB ■ A Record High Stock Price ■ Increased Cash Dividends And, once again… 2025 Overview – Pinnacle & FNB Record High Net Income A Record High Stock Price Increased Cash Dividends And, once again… 9
Slide 10: 2025 Overview – Pinnacle & FNB
2025 OVERVIEW ■ A TOP 5 Overall Peer Bank Performance Ranking! PINNACLE & FNB (Per the Performance Trust Rank-the-Banks Virginia Report as of 12-31-2025) 2025 Overview – Pinnacle & FNB A TOP 5 Overall Peer Bank Performance Ranking (per the Performance Trust Rank-the- Banks Virginia Report as of 12
Slide 11: Review of 2025 Financial Performance
Review of 2025 Financial Performance And now, let’s review our 2025 Financial Performance in detail 11
Slide 12: 2025 Financial Performance – Highlights
2025 FINANCIAL ■ Net Income $10.8mm Overall Increase of $1.6mm, or 17%, PERFORMANCE compared to 2024 Increase of $2.4mm, or 28%, excluding 2024 BOLI Proceeds ■ Return on Assets 1.05% HIGHLIGHTS ■ Return on Equity 12.78% 2025 Financial Performance – Highlights Net Income $10.8mm Overall Incre
Slide 13: Net Income Trend
Net Income Trend (in $000’s) $12,000 $10,772 $10,000 $9,762 $9,178 $8,000 $8,242 $6,000 $4,000 $4,375 $2,000 2021 2022 2023 2024 2025 2025 Financial Performance – Highlights – Net Income Trend (Last 5 Years) 2021 $4.4mm 2022 $8.2mm 2023 $9.8mm 2024 $9.2mm 2025 $10.8mm Note: BOLI Proceeds 2
Slide 14: Return on Assets Trend
Return on Assets Trend (in $000’s) 1.20% 1.00% 1.05% 1.00% 0.92% 0.80% 0.82% 0.60% 0.47% 0.40% 2021 2022 2023 2024 2025 2025 Financial Performance – Highlights – Return on Assets Trend (Last 5 Years) 2021 .47% 2022 .82% 2023 1.00% 2024 .92% 2025 1.05% Target >1% 14
Slide 15: Drivers of Our 2025 Performance
2025 FINANCIAL ■ Higher Net Interest Income PERFORMANCE ■ Higher Non-Interest Income, excluding BOLI Proceeds in 2024 ■ Lower Provision for Credit Losses DRIVERS OFFSETTING ■ Higher Non-Interest Expense Drivers of Our 2025 Performance Higher Net Interest Income Higher Non-Interest Income, exclud
Slide 16: 2025 Financial Performance – Net Interest Income
2025 FINANCIAL ■ $40.1mm PERFORMANCE ■ Increase of $4.7mm, or 13% ■ Higher Yields on Earning Assets NET INTEREST INCOME ■ Lower Cost of Funds 2025 Financial Performance – Net Interest Income $40.1mm Increase of $4.7mm, or 13% Higher Yields on Earning Assets Lower Cost of Funds 16
Slide 17: Net Interest Income Trend
Net Interest Income Trend (in $000’s) $45,000 $40,000 $40,124 $35,000 $35,448 $33,172 $30,000 $30,440 $25,000 $25,089 $20,000 2021 2022 2023 2024 2025 Net Interest Income Trend (Last 5 Years) Higher Yields on Earning Assets & Lower Cost of Funds drove the increase in 2025 17
Slide 18: Yield on Earning Assets Trend
Yield on Earning Assets Trend 5.25% 5.22% 4.98% 4.75% 4.44% 4.25% 3.75% 3.25% 3.32% 3.06% 2.75% 2021 2022 2023 2024 2025 Yield on Earning Assets Trend (Last 5 Years) Up 24 basis points to 5.22% in 2025 due to increased Yields on Loans & Securities 18
Slide 19: Cost to Fund Earning Assets Trend
Cost to Fund Earnings Assets Trend 1.40% 1.20% 1.28% 1.13% 1.00% 0.92% 0.80% 0.60% 0.40% 0.20% 0.20% 0.14% 0.00% 2021 2022 2023 2024 2025 Cost to Fund Earning Assets Trend (Last 5 Years) In 2025, our Cost of Funds decreased 15 basis points to 1.13% due to lower Interest Rates paid on Deposits. 19
Slide 20: Net Interest Margin Trend
Net Interest Margin Trend 4.50% 4.00% 4.09% 3.70% 3.50% 3.52% 3.18% 3.00% 2.86% 2.50% 2021 2022 2023 2024 2025 Net Interest Margin Trend (Last 5 Years) Increased Asset Yields combined with lower Cost of Funds resulted in our Net Interest Margin expanding 39 basis points to 4.09% in 2025 20
Slide 21: 2025 Financial Performance – Non-Interest Income
2025 FINANCIAL ■ $7.8mm Overall Decrease of ($87m) PERFORMANCE ■ Increase of $692m, or 10% Excluding BOLI Proceeds in 2024 ■ Primarily due to Higher NON-INTEREST INCOME First National Advisors Revenue Debit Card Interchange Fees Wire Transfer Fees Mortgage Loan Fees ■ BOLI Proceeds For
Slide 22: Non-Interest Income Trend
Non-Interest Income Trend (in $000’s) $8,000 $7,792 $7,500 $7,187 $7,000 $7,100 $7,024 $6,500 $6,564 $6,000 2021 2022 2023 2024 2025 Non-Interest Income Trend (Last 5 Years) 2023: $6.6mm Net of $1.4mm in BOLI Proceeds 2024: $7.1mm Net of $779m in BOLI Proceeds 22
Slide 23: Non-Interest Income Composition
Non-Interest Income Composition Debit Card Interchange Fees $2.4mm Investments & Insurance Commissions $1.1mm NSF & Overdraft Fees $990m Deposit Service Charges & Fees $778m Loan Fee Income & Late Fees $655m BOLI Income $562m Merchant Card Fees $543m Non-Interest Income Composition What was the Prim
Slide 24: Non-Interest Income to Average Assets Trend
Non-Interest Income to Average Assets Trend 1.00% 0.75% 0.78% 0.73% 0.73% 0.68% 0.65% 0.50% 0.25% 2021 2022 2023 2024 2025 Non-Interest Income to Average Assets Trend (Last 5 Years) For 2025, 13% of Total Revenue Target: > .70% NOTE: 2023 & 2024 Ratios Exclude BOLI Proceeds 24
Slide 25: Provision for Credit Losses & Credit Quality
2025 FINANCIAL ■ $308m PERFORMANCE ■ Decrease of ($444m) due to Lower Loan Growth ■ Criticized & Classified Loans Increased $2.1mm to $11.1mm Downgraded 2 Commercial Projects PROVISION FOR No Losses Anticipated CREDIT LOSSES & Upgraded 1 Large Commercial Relationship CREDIT QUALITY during 1Q 2
Slide 26: Provision for Credit Losses Trend
Provision for Credit Losses Trend (in $000’s) $800 $752 $600 $400 $308 $200 $233 $190 $70 $0 2021 2022 2023 2024 2025 Provision for Credit Losses Trend (Last 5 Years) 26
Slide 27: Net Charge-Offs Trend
Net Charge-Offs Trend (in $000’s) $300 $200 $163 $157 $100 $24 $34 $0 -$51 -$100 2021 2022 2023 2024 2025 Net Charge-Offs Trend (Last 5 Years) Net Charge-Offs were $157m in 2025 as compared to $163m in 2024 .03% as a Percentage of Average Loans 27
Slide 28: Non-Performing Loans to Total Loans Ratio Trend
Non-Performing Loans to Total Loans Ratio Trend 0.30% 0.28% 0.26% 0.24% 0.22% 0.20% 0.20% 0.10% 2021 2022 2023 2024 2025 Non-Performing Loans to Total Loans Ratio Trend (Last 5 Years) Non-Performing Loans have been very low since 2020 and compare favorably to peers Decreased slightly to .20% as
Slide 29: Allowance for Credit Losses to Total Loans Trend
Allowance for Credit Losses to Total Loans Trend 0.80% 0.70% 0.71% 0.71% 0.70% 0.66% 0.60% 0.61% 0.50% 2021 2022 2023 2024 2025 Allowance for Credit Losses (ACL) to Total Loans Trend (Last 5 Years) Allowance for Credit Losses Balance was $5.2mm as of 12-31-2025 Allowance Balance to Total Loans r
Slide 30: ACL to Non-Performing Loans Trend
ACL to Non-Performing Loans Trend 400% 350% 349% 321% 300% 290% 250% 255% 216% 200% 2021 2022 2023 2024 2025 ACL to Non-Performing Loans Trend (Last 5 Years) ACL Provides over 3-to-1 coverage of Non-Performing Loans… which Management views as being more than adequate to cover potential future pr
Slide 31: 2025 Financial Performance – Non-Interest Expense
2025 FINANCIAL ■ $34.3 mm PERFORMANCE ■ Increase of $2.9mm, or 9% ■ Increase due to Higher Salaries & Employee Benefits (up $2mm) NON-INTEREST Occupancy Expense to include Software EXPENSE & Platforms (up $667m) 2025 Financial Performance – Non-Interest Expense $34.3mm Increase of $2.9mm, or
Slide 32: Non-Interest Expense Trend
Non-Interest Expense Trend (in $000’s) $35,000 $34,306 $31,417 $30,000 $29,280 $27,237 $26,826 $25,000 $20,000 2021 2022 2023 2024 2025 Non-Interest Expense Trend (Last 5 Years) Has increased due to Growth, Investments in Talent & Technology, & Inflation Graves Mill Branch opened in 2021 Charl
Slide 33: Non-Interest Expense to Average Assets Trend
Non-Interest Expense to Average Assets Trend 3.75% 3.50% 3.25% 3.22% 3.00% 3.01% 2.88% 2.75% 2.82% 2.81% 2.50% 2021 2022 2023 2024 2025 Non-Interest Expense to Average Assets Trend (Last 5 Years) Up to 3.22% in 2025 Target: < 3.25% 33
Slide 34: Efficiency Ratio Trend
Efficiency Ratio Trend 85% 83.14% 80% 75% 72.71% 72.49% 71.58% 70% 71.20% 65% 2021 2022 2023 2024 2025 Efficiency Ratio Trend (Last 5 Years) Efficiency Ratio declined due to Improved Profitability 2021 – 83.14% 2022 – 72.71% 2023 – 71.20% 2024 – 72.49% 2025 – 71.58% Target: <70% 34
Slide 35: Assets per FTE Trend
Assets per FTE Trend (in $000’s) $6,000 $5,696 $5,500 $5,613 $5,584 $5,243 $5,000 $5,118 $4,500 $4,000 2021 2022 2023 2024 2025 Assets per Full Time Equivalent Trend (Last 5 Years) Increased slightly to $5.7mm per FTE in 2025 Target: >$6mm 35
Slide 36: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS Category 12/31/2025 12/31/2024 $ Change % of Change Cash & Cash Equivalents $122mm $108mm $14mm 13% Total Loans $740mm $712mm $28mm 4% Total Securities $152mm $176mm ($23mm) (13%) Total Assets $1.07B $1.04B $21mm 2% Total Deposits $971mm $951mm $20mm 2% Equity $89mm $78mm $1
Slide 37: Cash & Cash Equivalents Trend
Cash & Cash Equivalents Trend (in $000’s) $300,000 $298,585 $250,000 $200,000 $150,000 $100,000 $122,261 $108,213 $87,589 $50,000 $36,521 $0 2021 2022 2023 2024 2025 Balance Sheet Trends – Cash & Cash Equivalents (last 5 Years) Increase of $14mm, or 13%, in 2025 due to the increase in Deposits & d
Slide 38: Loans Trend
Loans Trend (in $000’s) $800,000 $740,328 $700,000 $711,918 $641,437 $632,896 $600,000 $552,236 $500,000 2021 2022 2023 2024 2025 Balance Sheet Trends – Loans (last 5 Years) Increase of $28mm, or 4%, in 2025 Followed Increase of $70mm, or 11%, in 2024 Increased Loan Portfolio $188mm since 2021
Slide 39: Securities Trend
Securities Trend (in $000’s) $300,000 $250,000 $251,114 $233,579 $200,000 $175,816 $150,000 $152,452 $100,000 $120,709 $50,000 $0 2021 2022 2023 2024 2025 Balance Sheet Trends – Securities (last 5 Years) Decrease of ($24mm), or (13%), in 2025 due to Maturing Issues Funded Loan Growth & helped ma
Slide 40: Total Assets Trend
Total Assets Trend (in $000’s) $1,100,000 $1,065,228 $1,043,994 $1,000,000 $1,016,528 $1,015,863 $969,931 $900,000 $800,000 $700,000 $600,000 2021 2022 2023 2024 2025 Balance Sheet Trends – Total Assets (last 5 Years) Increase of $21mm, or 2%, in 2025, primarily due to Growth of Deposits & Retaine
Slide 41: Total Deposits Trend
Total Deposits Trend (in $000’s) $1,000,000 $971,311 $950,919 $938,079 $932,444 $900,000 $899,238 $800,000 $700,000 2021 2022 2023 2024 2025 Balance Sheet Trends – Total Deposits (last 5 Years) Increase of $20mm, or 2%, in 2025 Bank Measure Peer Bank Report (12-31-2025) FNB – 28% Demand Deposi
Slide 42: Year-End 2025 Deposit Composition
2025 FINANCIAL PERFORMANCE $ Change % Change As of (YOY) (YOY) 12-31-2025 % of Port DDAs $16.8mm 4.25% $412mm 42% DEPOSIT MMKT $11.9mm 4.49% $278mm 29% SAV ($2.3mm) (1.72%) $133mm 14% COMPOSITION COD ($5.6mm) (3.65%) $147mm 15% Overall $20.1mm 2.19% $971mm 100% Balance Sheet Trends – Year-End 2025 D
Slide 43: Liquidity & Capital
2025 FINANCIAL ■ Liquidity Ratio decreased to 31.02% Excluding AFS Securities: 13.82% PERFORMANCE ■ Leverage Ratio at the Bank Level decreased to 8.89% LIQUIDITY & CAPITAL ■ Total Risk-Based Capital at the Bank Level decreased to 13.18% ■ Paid off $10mm in Subordinated Debt & Promissory Note in 3Q
Slide 44: Return on Investment
2025 FINANCIAL ■ Stock Performance PERFORMANCE 52 Week High (Record High) $46.49 Year-End Share Price $45.50 ■ Up $14.30 / 46% RETURN ON Annual Cash Dividends Per Share $1.06 INVESTMENT ■ Up $0.06 / 6% Total Return 49.23% Tangible Book Value Per Share $39.59 ■ Up $4.82 / 14% 2025 Financial
Slide 45: Year-End Stock Price Trend
Year-End Stock Price Trend (Through 12-31-2025) $55 $50 $45 $45.50 $40 $35 $30 $31.20 $25 $24.70 $24.01 $20 $19.20 $15 2021 2022 2023 2024 2025 Return on Investment – Stock Price (last 5 Years) 2025 Year-End Share Price = $45.50 Up $14.30, or 46% S&P Banks Select Industry Index Price Return –
Slide 46: Year-End Tangible Book Value Per Share Trend
Year-End Tangible Book Value Per Share Trend (Through 12-31-2025) $45 $40 $39.59 $35 $34.77 $30 $30.38 $25 $26.74 $25.35 $20 $15 2021 2022 2023 2024 2025 Return on Investment – Tangible Book Value (last 5 Years) 2021 $26.74 2022 $25.35 – Decrease due to Unrealized Losses in the Securities Portfo
Slide 47: Annual Cash Dividends Paid Trend
Annual Cash Dividends Paid Trend (in $000’s) $2,400 $2,357 $2,200 $2,212 $2,000 $1,800 $1,865 $1,600 $1,400 $1,200 $1,328 $1,214 $1,000 2021 2022 2023 2024 2025 Return on Investment – Annual Cash Dividends Paid (last 5 Years) 2021 $1.2mm 2022 $1.3mm 2023 $1.9mm 2024 $2.2mm 2025 $2.4mm An
Slide 48: Share Repurchase Plan/Program
SHARE REPURCHASE PLAN/PROGRAM ■ Approved in February 2026 ■ Authorizes Pinnacle to Repurchase up to $3.5mm of its Common Stock through December 31, 2026 ■ Price per Share no greater than 110% of Pinnacle’s Tangible Book Value per Common Share as of the most recent Quarter End ■ Pinnacle Repurchased
Slide 49: 2025 Peer Rankings
2025 Peer Rankings Performance Trust Capital Partners 2025 Year-End Peer Rankings Performance Trust Capital Partners – Rank-The-Banks Virginia Report 49
Slide 50: Overall Performance Ranking #5 of 57 Banks
Source: PT Rank-the-Banks VA 4Q 2025 Peer Rankings – Overall Performance (4Q 2025) Net Non- Total Asset Rank Bank Interest Interest ROAE Overhead Quality Margin Income 1 Benchmark Community Bank 4 15 38 18 2 2 Skyline National Bank 10 26 29 14 4 3 First Bank and Trust Company 18 29 8 29 1 4 Bank of
Slide 51: Component Rankings Comparison
COMPONENT RANKINGS COMPARISON (Year-Over-Year) 2025 2024 Net Interest Margin 13 13 Non-Interest Income 16 17 Total Overhead 43 39 Asset Quality 6 7 Return on Equity 11 8 Overall Rank 5 3 2025 Performance Compared to Peers: Component Rankings Comparisons (Year-Over-Year) 2025 2024 Net Interest Marg
Slide 52: Asset Size Ranking #28 of 57 Banks
Source: PT Rank-the-Banks VA 4Q 2025 Peer Rankings – Asset Size (4Q 2025) Assets ($000) / Assets ($000) / Total Assets Rank Bank Office Employee ($000) 7 Carter Bank & Trust $75,485 $7,022 $4,831,021 8 First Bank & Trust Company $150,311 $9,209 $4,208,720 16 First Bank $61,778 $6,619 $2,038,666 18 N
Slide 53: Performance Trust (PT) Score
2025 Performance Compared to Peers: Performance Trust (PT) Score Performance Trust (PT) Score Q4 2025 = 134 / #22 out of 57 Safety & Soundness Measure 53
Slide 54: Above Peer Performance with Below Peer Risk
GOAL Above Peer Performance With Below Peer Risk Above Peer Performance with Below Peer Risk 54
Slide 55: First Quarter Overview, Financial Performance, & Current Stock Price
First Quarter Overview, Financial Performance, & Current Pinnacle Stock Price 2026 Now let’s talk about the start to 2026 & our Focus Moving Forward 55
Slide 56: First Quarter 2026 Financial Performance
FIRST QUARTER 2026 ■ Net Income $3.1mm FINANCIAL Increase of $800m, or 35% PERFORMANCE Record Quarterly High ■ Return on Assets 1.14% ■ Return on Equity 13.80% HIGHLIGHTS ■ Net Interest Margin 4.12% ■ Efficiency Ratio 68.73% ■ Earnings Release Distributed 4-28-2026 Q1 2026 Financial Performance
Slide 57: Current Pinnacle Stock Price
CURRENT ■ As of 4-30-2026 $50.13 PINNACLE Up $4.63, or 10%, compared to Year-End 2025 STOCK PRICE ■ New Record High $51.70 Through April ■ Tangible Book Value As of 3-31-2026 $40.25 ■ Price to Tangible Book 125% ■ Price to LTMs EPS of $5.37 9.3x Q1 2026 Financial Performance – Pinnacle Stock P
Slide 58: Bearing Insurance Group, LLC
BEARING ■ First National Bank sold its Bearing Membership Interest to an Unaffiliated Third Party effective 5-1-2026 INSURANCE GROUP, LLC ■ Pinnacle issued a Public Press Release on 5-4-2026 ■ Estimated Pre-Tax Gain $3.8mm Will be Recognized in 2Q 2026 Financial Results Bearing Insurance Group, LL
Slide 59: Our Leadership
Our Leadership Board of Directors Senior Management Senior Vice Presidents Our Leadership Our Performance, Position, & Ability to Capitalize on Future Opportunities are made possible by our Leadership & Employees 59
Slide 60: Our Board of Directors
Here is our Board of Directors (Including Years of Board Service) who were Introduced Earlier in the Meeting Average Tenure is 10+ Years Our Longest-Serving Member is Jeb Burton, who is our Board Chair and has been on the Board since 1998 (28 Years) Our Second Longest-Serving Member is Mike Wa
Slide 61: Our Senior Management Members
Our Senior Management Members (Including Years of Banking Experience) Average Banking Experience is 29 Years, with Five (5) of our Senior Management Members having greater than 30 Years PLEASE STAND Todd Hall, President & Chief Executive Officer (34 Years) Bryan Lemley, Executive Vice Presiden
Slide 62: Our Senior Vice Presidents
Our Senior Vice Presidents (Including Years of Banking Experience) PLEASE STAND Jim Minear, Lynchburg Market Leader (36 Years) R.J. Weaver, Danville Market Leader (29 Years) Sam Kessler, Charlottesville Market Leader (28 Years of Management, Financial, & Banking) Ronnie Moore, South Boston M
Slide 63: Closing Remarks
Closing Remarks And now for Closing Remarks 63
Slide 64: PPBN | First National Bank Footprint
PPBN | First National Bank Footprint Our Footprint extends along the Route 29 Corridor from Charlottesville to Lynchburg to Danville and now east to South Boston, providing Diversity of Markets, Customers, and Available Talent. 64
Slide 65: 2026 Strategic Plan: Key Focus Initiatives
2026 STRATEGIC PLAN: KEY FOCUS INITIATIVES ■ Foster a Community Bank Approach focused on “Ease of Business” for Customers ■ Prioritize Investments in Technology & Talent ■ Continue to Enhance Employee Training & Education ■ Maximize Core Processing Relationship ■ Upgrade Online & Mobile Banking Plat
Slide 66: Moving Forward – Concerns / Challenges
MOVING FORWARD: CONCERNS/CHALLENGES ■ Direction of Economy & Interest Rates ■ Fraud ■ Operational & Compliance Risks ■ Speed of Technological Changes ■ Competition – Credit Unions, Fintechs, Stablecoin Moving Forward – Concerns / Challenges Direction of Economy & Interest Rates Fraud Operation
Slide 67: Moving Forward – Positives
MOVING FORWARD: POSITIVES ■ 1Q 2026 Year-Over-Year Performance ■ Performance Compared to Peers ■ Liquidity / Low Cost of Funds ■ Expanding Margin ■ Strong Asset Quality ■ Capital Ratios Position Moving Forward – Positives 1Q 2026 Year-Over-Year Performance Performance Compared to Peers Liquidi
Slide 68: 2026 Annual Meeting of Shareholders
2026 ANNUAL MEETING OF SHAREHOLDERS PINNACLE BANKSHARES CORPORATION TUESDAY, MAY 12, 2026 | 11:00 AM I am proud of Pinnacle’s 2025 Performance & our start to 2026. I am pleased with the Enhanced Returns provided to our Shareholders. We have a Sound Business Model, Outstanding Employees, Suppor
Slide 69: 2026 Annual Meeting of Shareholders
2026 ANNUAL MEETING OF SHAREHOLDERS PINNACLE BANKSHARES CORPORATION TUESDAY, MAY 12, 2026 | 11:00 AM 69