Pioneer Bank

Headquarters

252 East Main Street
Stanley, VA 22851
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 0.85% →
1-Year CD 0.10% 0.80% →
2-Year CD 0.15% 0.80% →
5-Year CD 0.30% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Pioneer Bank is an FDIC insured institution located in Stanley, VA. It was founded in 1909 and has approximately $0.27 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 6913
Date Established 1909
Assets $ 272.75 million
Loans $ 182.73 million
Deposits $ 240.08 million
Capital $ 29.15 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 - September 25, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.02% $10,000 $14,999 Learn More
Money Market
0.03% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.07% $10,000 $14,999 Learn More
6 Mo CD
0.07% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.12% $10,000 $14,999 Learn More
18 Mo CD
0.12% $100,000 $199,999 Learn More
24 Mo CD
0.15% $10,000 $14,999 Learn More
24 Mo CD
0.15% $100,000 $199,999 Learn More
36 Mo CD
0.20% $10,000 $14,999 Learn More
36 Mo CD
0.20% $100,000 $199,999 Learn More
48 Mo CD
0.25% $10,000 $14,999 Learn More
48 Mo CD
0.25% $100,000 $199,999 Learn More
60 Mo CD
0.30% $10,000 $14,999 Learn More
60 Mo CD
0.30% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 25, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Pioneer Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.783% 2.750%
0.38 points
$1,055 fees
$1,021 Learn More

Note to Pioneer Bank
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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
4.35% 5.29%

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 March 31, 2021, Pioneer Bank had $1,385,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,153,000 in equity and $2,685,000 in loans loss reserves. That gives it a Texas Ratio of 4.35%.

Return on Equity
Pioneer Bank U.S. Bank Average
8.07% 11.43%

Pioneer Bank has a Return on Equity of 8.07% versus the BestCashCow average of 11.43%. 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
10.69% 11.51%

Pioneer Bank has a Capitalization of 10.69% versus the BestCashCow average of 11.51. 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 March 31, 2021, Pioneer Bank had assets of $272,746,000, loans of $182,726,000, and deposits of $240,079,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 37.85 million
Interest-bearing balances $ 34.57 million
Total securities $ 40.43 million
Federal funds sold and reverse repurchase $ 2.44 million
Net loans and leases $ 182.73 million
Loan loss allowance $ 2.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.36 million
All other assets $ 4.86 million
     Total Assets $ 243.59 million
LIABILITIES
Total deposits $ 240.08 million
      Interest-bearing deposits $ 150.46 million
      Deposits held in domestic offices $ 240.08 million
      % insured (estimated) 79.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.50 million
Subordinated debt N.A.
All other liabilities $ 1.01 million
      Total Liabilities $ 243.59 million
      Shareholders’ Equity $ 29.15 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 2.66 million
Total Interest Expense $ 0.16 million
Net interest income $ 2.50 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.38 million
Total non interest expense $ 2.11 million
Pre-tax Net Operating Income $ 0.66 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.65
Multifamily
Mortgages
2.50
Credit Card Loans 0.28
Consumer Auto Loans 10.03
Small Business Loans 0.00
Construction and Development Loans 5.93
Commercial Real Estate 31.49
Commercial and Industrial Loans 11.25
Farm Loans 0.09

Frequently Asked Questions About Pioneer Bank

Branches and Savings

Is Pioneer Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6913.

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?

Customer Reviews for Pioneer Bank


  • January 12, 2021 |

    We are a commercial customer that have been with Pioneer Bank since 2014 when they were privately held in Dripping Springs. Since they were sold we have been through 3 bank managers and the Manager service gets worse and worse. We have never been with a bank that now holds every deposit you make. This is insane and businesses cannot conduct business this way. The customer should not be punished and start all over every time a new bank manager comes in. We have a history as we have been there for over 7 years. We have also noticed that Pioneer holds credit card deposits an extra day. We are at more than one bank so we have compared the deposit time on credit card payments, Our credit card company has also heard this from other customers when we inquired about the time it was taking for the credit card payments to deposit at Pioneer. Needless to say accounts will be moving.

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