Pinnacle Bankshares Corporation Reports Improved Earnings in 2010

Pinnacle Bankshares Corporation PPBN, the one-bank holding company (the Company) of First National Bank, (the Bank) (quarterly and 2010 annual consolidated results unaudited) reported today net income after taxes of $63,000 or $0.04 per basic and diluted share for the quarter ended December 31, 2010, and $687,000 or $0.46 per basic and diluted share for the year ended December 31, 2010 compared to net income after taxes of $78,000 or $0.06 per basic and diluted share and net income of $351,000 or $0.24 per basic and diluted share, respectively, for the same periods of 2009.