Huntsville
Economic Indicators
31.1%
5-year
GDP growth1
GDP growth1
11.0%
5-year population
growth1
growth1
2.2%
Unemployment as of
Dec. 31, 20231
Dec. 31, 20231
57.1
of Alabama moves are inbound migration
No. 7 highest inbound rate in the nation2
- Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis; 5-year growth rates from 2018-2022
- Source: U.S. Census
Pinnacle Growth
2
Revenue Producers
Hired
Hired
53.8%
Loan Growth to $69.5 Million
37.3%
Deposit Growth to $319.0 Million
No. 12
Deposit Market Share Out of 35 Banks*
Up from No. 15 in 2022
*As of June 30, 2023, according to FDIC data.