Pioneer Bank

Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD N.A. 3.60% →
5-Year CD N.A. 3.75% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Pioneer Bank is an FDIC insured institution located in Stanley, VA. It was founded in 1909 and has approximately $0.3 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 6913
Date Established 1909
Assets $ 297.03 million
Loans $ 178.32 million
Deposits $ 264.70 million
Capital $ 29.03 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 27, 2022

Your Current Location: California, CA 92111

 

Loan Rates - September 27, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
District Lending
NMLS ID: 598623
6.321% 6.250%
0.75 points
$1,875 fees
$1,540 Learn More
PADDIO
NMLS ID: 1907
7.163% 6.990%
0.75 points
$4,375 fees
$1,662 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
6.871% 6.750%
0.88 points
$3,108 fees
$1,622 Learn More
Morty, Inc.
NMLS ID: 1429243
6.437% 6.375%
0.63 points
$1,618 fees
$1,560 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 5.740 %
After Intro: 7.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

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:
San Diego,California


Pioneer Bank Locations



Climate Initiatives

Pioneer Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
2.54% 4.01%

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, 2022, Pioneer Bank had $792,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,033,000 in equity and $2,204,000 in loans loss reserves. That gives it a Texas Ratio of 2.54%.

Return on Equity
Pioneer Bank U.S. Bank Average
7.52% 9.01%

Pioneer Bank has a Return on Equity of 7.52% versus the BestCashCow average of 9.01%. 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
9.77% 10.66%

Pioneer Bank has a Capitalization of 9.77% versus the BestCashCow average of 10.66. 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, 2022, Pioneer Bank had assets of $297,033,000, loans of $178,324,000, and deposits of $264,704,000. 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, 2022
ASSETS
Cash & Balances due from depository institutions $ 28.22 million
Interest-bearing balances $ 23.14 million
Total securities $ 79.15 million
Federal funds sold and reverse repurchase $ 2.44 million
Net loans and leases $ 178.32 million
Loan loss allowance $ 2.20 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 $ 4.76 million
     Total Assets $ 268.00 million
LIABILITIES
Total deposits $ 264.70 million
      Interest-bearing deposits $ 163.90 million
      Deposits held in domestic offices $ 264.70 million
      % insured (estimated) 75.37%
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 $ 0.80 million
      Total Liabilities $ 268.00 million
      Shareholders’ Equity $ 29.03 million

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 2.47 million
Total Interest Expense $ 0.11 million
Net interest income $ 2.36 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.37 million
Total non interest expense $ 2.24 million
Pre-tax Net Operating Income $ 0.61 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 Consumer Auto 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 37.74
Multifamily
Mortgages
2.78
Credit Card Loans 0.26
Consumer Auto Loans 10.38
Small Business Loans 0.00
Construction and Development Loans 3.96
Commercial Real Estate 33.39
Commercial and Industrial Loans 7.15
Farm Loans 0.15

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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