Exhibit 10.5
Pinnacle Bankshares Corporation
Directors’ Annual Compensation
As of December 31, 2009
Annual Retainer
Amount
Service as Director for the Company
$2,000
Service as Director for the Bank
$4,000
Additional Committee Chair Annual Retainer
Service as Chair of Audit Committee
$1,500
Service as Chair of Compensation Committee
$1,000
Meeting Fees (Non-Employee Directors)
Committee Meetings for the Company
$250 per meeting
Committee Meetings for the Bank
$250 per meeting