Pioneer Bank


652 Albany Shaker Road
Albany, NY 12211
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.35% 1.15% →
2-Year CD 0.60% 1.26% →
5-Year CD 1.00% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Pioneer Bank is an FDIC insured institution located in Albany, NY. It was founded in 1889 and has approximately $1.39 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 20741
Date Established 1889
Assets $ 1,390.14 million
Loans $ 1,079.06 million
Deposits $ 1,186.83 million
Capital $ 171.68 million

For a more detailed analysis of Pioneer Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.05% $50 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
3 Mo CD
0.05% $500 - Learn More
6 Mo CD
0.10% $500 - Learn More
12 Mo CD
0.35% $500 - Learn More
18 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
30 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.80% $500 - Learn More
60 Mo CD
1.00% $500 - Learn More

Fixed IRA
0.35% $500 - Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.50% 4.50% $743.67
4 Year 4.75% 4.75% $572.91
5 Year 5.00% 5.00% $471.78

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Pioneer Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Pioneer Bank Locations

Financial Details

Pioneer Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Pioneer Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Pioneer Bank U.S. Bank Average
5.94% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Pioneer Bank had $11,087,000 in non-current loans and $99,000 in owned real estate. To cover these potential losses it had $171,675,000 in equity and $16,493,000 in loans loss reserves. That gives it a Texas Ratio of 5.94%.

Return on Equity
Pioneer Bank U.S. Bank Average
3.01% 9.41%

Pioneer Bank has a Return on Equity of 3.01% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Pioneer Bank U.S. Bank Average
12.35% 12.82%

Pioneer Bank has a Capitalization of 12.35% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Pioneer Bank Balance Sheet Analysis

As of December 31, 2019, Pioneer Bank had assets of $1,390,142,000, loans of $1,079,055,000, and deposits of $1,186,827,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
Cash & Balances due from depository institutions $ 114.56 million
Interest-bearing balances $ 89.93 million
Total securities $ 96.05 million
Federal funds sold and reverse repurchase $ 0.32 million
Net loans and leases $ 1,079.06 million
Loan loss allowance $ 16.49 million
Trading account assets $ 15.21 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles $ 9.87 million
All other assets $ 33.44 million
     Total Assets $ 1,218.47 million
Total deposits $ 1,186.83 million
      Interest-bearing deposits $ 835.39 million
      Deposits held in domestic offices $ 1,186.83 million
      % insured (estimated) 62.79%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 0.52 million
Other borrowed funds $ 22.86 million
Subordinated debt N.A.
All other liabilities $ 8.26 million
      Total Liabilities $ 1,218.47 million
      Shareholders’ Equity $ 171.68 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 56.24 million
Total Interest Expense $ 5.36 million
Net interest income $ 50.88 million
Provision for loan and lease losses $ 19.03 million
Total non interest income $ 16.87 million
Total non interest expense $ 43.77 million
Pre-tax Net Operating Income $ 4.96 million

Bank Loan Profile?

The top three loan types in Pioneer Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Pioneer Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.90
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 5.67
Construction and Development Loans 9.98
Commercial Real Estate 29.50
Commercial and Industrial Loans 16.13
Farm Loans 0.00

Frequently Asked Questions About Pioneer Bank

Branches and Savings

Is Pioneer Bank FDIC insured?

Yes. It is covered under FDIC Certificate #20741.

Why does Pioneer Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Pioneer Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Pioneer Bank a commercial bank?


Where are Pioneer Bank locations?

See branch locations nearby.

Is Pioneer Bank open on Saturdays?

Is Pioneer Bank open on Sundays?

What time does Pioneer Bank open?

What time does Pioneer Bank close?

Are Pioneer Bank ATMs Open 24/7?

Do Pioneer Bank ATMs accept cash deposits?

Can Pioneer Bank customers use other ATMs?

Do Pioneer Bank branches have notaries?

Will Pioneer Bank notarize my document?

What address for Pioneer Bank should I put for incoming ACH transfers?

Will the Pioneer Bank branch print checks?

Do Pioneer Bank checks expire?

Does Pioneer Bank require US citizenship to open account?

Can Pioneer Bank close my account?

Does Pioneer Bank Report to credit bureaus?

Does Pioneer Bank Use Equifax?

What is Pioneer Bank's ACH Routing Number?

What is Pioneer Bank's SWIFT code?


Does Pioneer Bank offer mortgages?

Compare mortgage rates here.

Does Pioneer Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Pioneer Bank offer personal loans?

Compare personal loan rates here.

Does Pioneer Bank offer student loans?

Will Pioneer Bank cash a check?

Will Pioneer Bank redeem a savings bond?

Does Pioneer Bank cash savings bonds?

Will Pioneer Bank cash money orders?

Can Pioneer Bank issue a money order?

Does Pioneer Bank do currency exchange?

Background on The Bank

Who owns Pioneer Bank?

How long has Pioneer Bank been around?

Can Pioneer Bank transfer to other banks?

Does Pioneer Bank have quick pay?

Does Pioneer Bank accept rolled coins?

Will Pioneer Bank accept loose change?

Where is Pioneer Bank headquarters?

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