Pioneer Bank

652 Albany Shaker Road
Albany, NY 12211

Notable Rates APY Vs.Others
Savings 0.05% 2.30% →
1-Year CD 1.55% 2.25% →
2-Year CD 1.40% 2.50% →
5-Year CD 1.55% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Pioneer Bank is an FDIC insured institution located in Albany, NY. It was founded in 1889 and has approximately $1.48 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 20741
Date Established 1889
Assets $1.48 billion
Loans $1.05 billion
Deposits $1.34 billion
Capital $0.13 billion
 

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 - December 8, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $500 - Learn MoreShow Less
6 Mo CD
0.10% $500 - Learn MoreShow Less
12 Mo CD
1.55% $500 - Learn MoreShow Less
18 Mo CD
1.60% $500 - Learn MoreShow Less
24 Mo CD
1.40% $500 - Learn MoreShow Less
36 Mo CD
1.45% $500 - Learn MoreShow Less
48 Mo CD
1.45% $500 - Learn MoreShow Less
60 Mo CD
1.55% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.55% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.60% $100 - Learn MoreShow Less

Loan Rates - December 8, 2019

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.

Branches

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.

Your Location:
Fairfield,Connecticut


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 BestCashCow.com 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
8.59% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Pioneer Bank had $12,680,000 in non-current loans and $158,000 in owned real estate. To cover these potential losses it had $134,965,000 in equity and $14,499,000 in loans loss reserves. That gives it a Texas Ratio of 8.59%.

Return on Equity
Pioneer Bank U.S. Bank Average
14.92% 9.50%

Pioneer Bank has a Return on Equity of 14.92% versus the BestCashCow average of 9.50%. 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.

Capitalization
Pioneer Bank U.S. Bank Average
9.12% 12.76%

Pioneer Bank has a Capitalization of 9.12% versus the BestCashCow average of 12.76. 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 June 30, 2019, Pioneer Bank had assets of $1,479,992,000, loans of $1,053,938,000, and deposits of $1,337,376,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.23 billion
Interest-bearing balances $0.18 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.05 billion
Loan loss allowance $0.01 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $1.35 billion
LIABILITIES
Total deposits $1.34 billion
      Interest-bearing deposits $0.98 billion
      Deposits held in domestic offices $1.34 billion
      % insured (estimated) 67.50%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.35 billion
      Shareholders’ Equity $0.13 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.96
Multifamily
Mortgages
6.94
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 6.06
Construction and Development Loans 8.28
Commercial Real Estate 27.95
Commercial and Industrial Loans 18.25
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?

Yes

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?

Products

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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