2024 ANNUAL REPORT
Birmingham
Economic Indicators1
28.3%
5-year
GDP growth
GDP growth
2.4%
5-year population growth
2.9%
Unemployment as of Dec. 31, 2024
No. 17
in Net
Migration2
Migration2
53.0%
of statewide
moves are inbound
migration3
moves are inbound
migration3
- Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis
- Source: U.S. News and World Report
- Source: North American Moving Services
Pinnacle Growth
4
Revenue Producers
Hired
Hired
21.3%
Loan Growth to $762.0 Million
29.1%
Deposit Growth to $386.3 Million
No. 22
Deposit Market Share Out of 50 Banks*
*As of June 30, 2024, according to FDIC data.