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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  FORM 10-KSB/A

(Mark One)

[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2000
                          ------------------
                                       OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission file number                    1-12707
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                            PINNACLE BANCSHARES, INC.
                            -------------------------
                 (Name of small business issuer in its charter)

             Delaware                                   72-1370314
-----------------------------------         ------------------------------------
  (State or other jurisdiction of           (I.R.S. Employer Identification No.)
   incorporation or organization)

  1811 Second Avenue, Jasper, Alabama                   35502-1388
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(Address of principal executive offices)                (Zip Code)

         Issuer's telephone number, including area code: (205) 221-4111.

           Securities registered pursuant to Section 12(b) of the Act:

                                                         Name of Each Exchange
             Title of Each Class                          on Which Registered
-----------------------------------------             --------------------------
    Common Stock, par value $.01 per share              American Stock Exchange

        Securities registered pursuant to Section 12(g) of the Act: None.

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
YES [X] NO [ ]

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [X]

State issuer's revenues for its most recent fiscal year.  $19,055,249.

The aggregate market value of the voting stock held by non-affiliates, computed
by reference to the price ($8.32 per share) at which the Common Stock was sold
on March 31, 2001, was approximately $13,062,616. For purposes of this
calculation, the term "affiliate" refers to all executive officers and directors
of the registrant and all stockholders beneficially owning more than 10% of the
registrant's Common Stock.

As of the close of business on March 30, 2001, 1,775,384 shares of the
registrant's Common Stock were outstanding.

Transitional Small Business Disclosure Format: YES [ ] NO [X]

                       Documents Incorporated By Reference

Part II:
Annual Report to Stockholders for the year ended December 31, 2000.

Part III:
Portions of the definitive proxy statement for the 2001 Annual Meeting of
Stockholders.


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                                   SIGNATURES

       In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                    PINNACLE BANCSHARES, INC.



Date:  May 14, 2001                 By: /s/ Robert B. Nolen, Jr.
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                                        Robert B. Nolen, Jr., President
                                        (Duly Authorized Representative)