Pioneer Bank in Stanley, Virginia (VA)



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Pioneer Bank routing number info

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Pioneer Bank
GeneralFDIC Certificate #: 6913
Status: Active
Federal Reserve ID: 41629
Bank Holding Company (Regulatory Top Holder): Pioneer Bankshares, Inc. (RSSDID: 1076422, Location: Stanley, VA)
Date Established: December 03, 1909
WWW: http://www.pioneerbks.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 15369
FDIC's unique #: 4646
Numeric code: 13
Regulator: FED
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: No
Asset Concentration Hierarchy: Commercial Lending 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
LocationAddress: 252 East Main Street, Stanley, VA 22851
County: Page
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $164.5 mil
Equity capital: $17.7 mil
Deposits held in domestic offices: $134.0 mil
Return on assets (ROA): 0.96% ($1.6 mil)
Quarterly return on assets: 1.36% ($2.2 mil)
Return on Equity (ROE): 9.55% ($1.7 mil)
Quarterly return on equity: 12.94% ($2.3 mil)
Net income: $1.6 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.43% ($2,352.6 mil)
Quarterly Pretax return on assets: 2.08% ($3,422.0 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)
Total employees (full-time equivalent)52
Total assets$164,519
Cash and due from depository institutions$10,091
Interest-bearing balances$6,788
Securities$9,970
Federal funds sold & reverse repurchase agreements$1,200
Net loans & leases$133,286
Loan loss allowance $2,429
Trading account assets$0
Bank premises and fixed assets$3,386
Other real estate owned$1,095
Goodwill and other intangibles$360
All other assets$5,131
Life insurance assets$164,519
Total liabilities and capital$146,842
Total liabilities$133,956
Total deposits$104,671
Interest-bearing deposits$133,956
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,500
Other borrowed funds $0
Subordinated debt $2,386
All other liabilities $17,677
Total equity capital$17,677
Total bank equity capital$17,677
Perpetual preferred stock$0
Common stock$2,107
Surplus$422
Undivided profits $15,148
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,033
Earning assets $112
Long-term assets (5+ years) $719
Average Assets, year-to-date $151,244
Average Assets, quarterly $51,188
Volatile liabilities $167,150
Insider loans $166,156
FHLB advances $123,274
Loans and leases held for sale $167,324
Unused loan commitments $297
Tier 1 (core) risk-based capital $297
Tier 2 risk-based capital $17,130
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,398
Derivatives$264
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,255
Total interest expense $1,443
Net interest income $7,812
Provision for loan and lease losses $1,063
Total noninterest income $974
Fiduciary activities $0
Service charges on deposit accounts $930
Trading account gains & fees $0
Additional noninterest income $44
Total noninterest expense $5,344
Salaries and employee benefits $2,497
Premises and equipment expense $724
Additional noninterest expense $2,123
Pre-tax net operating income $2,379
Securities gains (losses) $12
Applicable income taxes $789
Income before extraordinary items $1,602
Extraordinary gains - net $0
Net income attributable to bank $1,602
Net charge-offs $0
Cash dividends $1,602
Sale, conversion, retirement of capital stock, net $976
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.97%
Cost of funding earning assets 0.93%
Net interest margin 5.04%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 3.45%
Net operating income to assets 0.95%
Return on assets (ROA) 0.96%
Pretax return on assets 1.43%
Return on equity (ROE) 9.55%
Retained earnings to average equity (YTD only) 9.55%
Net charge-offs to loans 0.73%
Credit loss provision to net charge-offs 108.91%
Efficiency ratio3.53%
Assets per employee$60,824
Cash dividends to net income (YTD only)3.16%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.79%
Noncurrent assets plus other real estate owned to assets 60.23%
Noncurrent loans to loans 3.12%
Net loans and leases to deposits2.97%
Net loans and leases to core deposits 99.50%
Equity capital to assets 104.26%
Core capital (leverage) ratio 10.74%
Tier 1 risk-based capital ratio 10.24%
Total risk-based capital ratio 13.90%
Memoranda
Average assets$15
Average earning assets$167,150
Average equity $16,774
Average loans $154,992
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7 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04646Pioneer Bank252 East Main Street, Stanley, VA 22851December 03, 1909Full Service Brick and Mortar
1212972Shenandoah Branch511 S. Third St., Shenandoah, VA 22849December 18, 1972Full Service Brick and Mortar
3212974Luray Branch800 East Main Street, Luray, VA 22835August 07, 1989Full Service Brick and Mortar
4358254Harrisonburg Branch890 West Market Street, Harrisonburg, VA 22802August 30, 1999Full Service Brick and Mortar
5360890Stanardsville Branch8315 Spotswood Trail, Stanardsville, VA 22973April 09, 2001Full Service Brick and Mortar
6364445Valley Finance Services, Division Of Branch932 West Market Street, Harrisonburg, VA 22801January 01, 2002Full Service Brick and Mortar
7439671Charlottesville Branch257 Ridge Mcintire Rd, Charlottesville, VA 22903March 21, 2005Full Service Brick and Mortar
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