Pioneer Bank in Mapleton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pioneer Bank - Overview

  • General
  • FDIC Certificate #: 5193
    Status: Active
    Federal Reserve ID: 920854
    Bank Holding Company (Regulatory Top Holder): Citizens Bank Group, Inc. (RSSDID: 1964668, Location: Saint James, MN)
    Date Established: January 01, 1903
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13386
    FDIC's unique #: 3483
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 301 Main Street, Mapleton, MN 56065
    County: Blue Earth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $270.1 mil
    Equity capital: $29.1 mil
    Deposits held in domestic offices: $226.8 mil
    Return on assets (ROA): 1.02% ($2.8 mil)
    Quarterly return on assets: 0.29% ($0.8 mil)
    Return on Equity (ROE): 9.33% ($2.7 mil)
    Quarterly return on equity: 2.67% ($0.8 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.02% ($2,754.6 mil)
    Quarterly Pretax return on assets: 0.29% ($783.2 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
  • 57Total employees (full-time equivalent)
  • $270,062Total assets
  • $34,589Cash and due from depository institutions
  • $16,739Interest-bearing balances
  • $1,327Securities
  • $7,716Federal funds sold & reverse repurchase agreements
  • $208,494Net loans & leases
  • $2,405Loan loss allowance
  • $0Trading account assets
  • $2,262Bank premises and fixed assets
  • $6,017Other real estate owned
  • $4,412Goodwill and other intangibles
  • $270,062Life insurance assets
  • $5,245All other assets
  • $240,919Total liabilities and capital
  • $226,765Total liabilities
  • $198,366Total deposits
  • $226,765Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,963Trading liabilities
  • $0Other borrowed funds
  • $1,191Subordinated debt
  • $29,143All other liabilities
  • $29,143Total equity capital
  • $29,143Total bank equity capital
  • $0Perpetual preferred stock
  • $235Common stock
  • $21,606Surplus
  • $7,302Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $732Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,344Income earned, not collected on loans
  • $0Earning assets
  • $2,296Long-term assets (5+ years)
  • $234,276Average Assets, year-to-date
  • $28,684Average Assets, quarterly
  • $264,672Volatile liabilities
  • $266,584Insider loans
  • $198,505FHLB advances
  • $264,320Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,687Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,384Restructured Loans and leases
  • $5,489Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,499Total interest income
  • $4,065Total interest expense
  • $9,434Net interest income
  • $1,100Provision for loan and lease losses
  • $453Total noninterest income
  • $0Fiduciary activities
  • $480Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$27Additional noninterest income
  • $6,078Total noninterest expense
  • $3,226Salaries and employee benefits
  • $556Premises and equipment expense
  • $2,296Additional noninterest expense
  • $2,709Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $2,704Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,704Net income attributable to bank
  • $0Net charge-offs
  • $2,704Cash dividends
  • $889Sale, conversion, retirement of capital stock, net
  • $2,109Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 9.33%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 123.73%Credit loss provision to net charge-offs
  • 4.28%Efficiency ratio
  • 61,475Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 45.00%Noncurrent assets plus other real estate owned to assets
  • 4.21%Noncurrent loans to loans
  • 2.53%Net loans and leases to deposits
  • 91.94%Net loans and leases to core deposits
  • 99.42%Equity capital to assets
  • 10.79%Core capital (leverage) ratio
  • 9.34%Tier 1 risk-based capital ratio
  • 12.44%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $264,672Average earning assets
  • $28,992Average equity
  • $232,326Average loans

List of branches

  • 6 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03483Pioneer Bank301 Main Street, Mapleton, MN 56065January 01, 1903Full Service Brick and Mortar
    13438Elmore Branch109 East Willis Street, Elmore, MN 56027May 23, 1888Full Service Brick and Mortar
    25620Delavan BranchMain Street, Delavan, MN 56023January 01, 1909Full Service Brick and Mortar
    39219St. James Branch123 Armstrong Boulevard South, St. James, MN 56081May 17, 1936Full Service Brick and Mortar
    4433268320 Stadium Road Branch320 Stadium Road, Suite 100, Mankato, MN 56001December 01, 2004Full Service Brick and Mortar
    5219049North Mankato Branch1735 Commerce Drive, North Mankato, MN 56001September 23, 1991Full Service Brick and Mortar

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