Pioneer Bank in Sergeant Bluff, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pioneer Bank - Overview

  • General
  • FDIC Certificate #: 19540
    Status: Active
    Federal Reserve ID: 300942
    Bank Holding Company (Regulatory Top Holder): Pioneer Development Company (RSSDID: 1200665, Location: Sergeant Bluff, IA)
    Date Established: January 01, 1907
    WWW: http://www.pioneerbanks.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10266
    FDIC's unique #: 13340
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 06, 1966
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 First Street, Sergeant Bluff, IA 51054
    County: Woodbury
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720)
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $133.3 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $108.4 mil
    Return on assets (ROA): 1.46% ($1.9 mil)
    Quarterly return on assets: 1.46% ($1.9 mil)
    Return on Equity (ROE): 14.90% ($2.1 mil)
    Quarterly return on equity: 14.19% ($2.0 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.54% ($2,053.3 mil)
    Quarterly Pretax return on assets: 1.55% ($2,066.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $133,332Total assets
  • $8,822Cash and due from depository institutions
  • $1,609Interest-bearing balances
  • $32,327Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,363Net loans & leases
  • $958Loan loss allowance
  • $0Trading account assets
  • $3,132Bank premises and fixed assets
  • $433Other real estate owned
  • $0Goodwill and other intangibles
  • $133,332Life insurance assets
  • $5,255All other assets
  • $119,790Total liabilities and capital
  • $108,440Total liabilities
  • $83,462Total deposits
  • $108,440Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 8085.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,271Trading liabilities
  • $0Other borrowed funds
  • $994Subordinated debt
  • $13,542All other liabilities
  • $13,542Total equity capital
  • $13,542Total bank equity capital
  • $0Perpetual preferred stock
  • $190Common stock
  • $3,510Surplus
  • $9,842Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $445Income earned, not collected on loans
  • $19Earning assets
  • $778Long-term assets (5+ years)
  • $117,299Average Assets, year-to-date
  • $43,945Average Assets, quarterly
  • $128,511Volatile liabilities
  • $128,980Insider loans
  • $110,474FHLB advances
  • $128,865Loans and leases held for sale
  • $2,391Unused loan commitments
  • $2,391Tier 1 (core) risk-based capital
  • $12,227Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,396Restructured Loans and leases
  • $880Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,213Total interest income
  • $1,532Total interest expense
  • $4,681Net interest income
  • $65Provision for loan and lease losses
  • $1,040Total noninterest income
  • $0Fiduciary activities
  • $431Service charges on deposit accounts
  • $0Trading account gains & fees
  • $609Additional noninterest income
  • $3,677Total noninterest expense
  • $2,068Salaries and employee benefits
  • $505Premises and equipment expense
  • $1,104Additional noninterest expense
  • $1,979Pre-tax net operating income
  • $0Securities gains (losses)
  • $101Applicable income taxes
  • $1,878Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,878Net income attributable to bank
  • $0Net charge-offs
  • $1,878Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $1,655Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 14.90%Return on equity (ROE)
  • 1.77%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 590.91%Credit loss provision to net charge-offs
  • 185.82%Efficiency ratio
  • 64,272Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.13%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 215.28%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 76.87%Net loans and leases to core deposits
  • 82.35%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 11.07%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $128,511Average earning assets
  • $12,605Average equity
  • $116,443Average loans

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013340Pioneer Bank202 First Street, Sergeant Bluff, IA 51054January 01, 1907Full Service Brick and Mortar
    3248747Salix Branch405 Poplar Street, Salix, IA 51052June 21, 1982Full Service Brick and Mortar
    4248748Sioux City Branch701 Pierce Street, Sioux City, IA 51101January 12, 1987Full Service Brick and Mortar
    5440739Singing Hills Branch4700 Singing Hills Boulevard, Sioux City, IA 51106June 07, 2005Full Service Brick and Mortar

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