Pioneer Bank in Stanley, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pioneer Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 52Total employees (full-time equivalent)
  • $164,519Total assets
  • $10,091Cash and due from depository institutions
  • $6,788Interest-bearing balances
  • $9,970Securities
  • $1,200Federal funds sold & reverse repurchase agreements
  • $133,286Net loans & leases
  • $2,429Loan loss allowance
  • $0Trading account assets
  • $3,386Bank premises and fixed assets
  • $1,095Other real estate owned
  • $360Goodwill and other intangibles
  • $164,519Life insurance assets
  • $5,131All other assets
  • $146,842Total liabilities and capital
  • $133,956Total liabilities
  • $104,671Total deposits
  • $133,956Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,500Trading liabilities
  • $0Other borrowed funds
  • $2,386Subordinated debt
  • $17,677All other liabilities
  • $17,677Total equity capital
  • $17,677Total bank equity capital
  • $0Perpetual preferred stock
  • $2,107Common stock
  • $422Surplus
  • $15,148Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,033Income earned, not collected on loans
  • $112Earning assets
  • $719Long-term assets (5+ years)
  • $151,244Average Assets, year-to-date
  • $51,188Average Assets, quarterly
  • $167,150Volatile liabilities
  • $166,156Insider loans
  • $123,274FHLB advances
  • $167,324Loans and leases held for sale
  • $297Unused loan commitments
  • $297Tier 1 (core) risk-based capital
  • $17,130Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,398Restructured Loans and leases
  • $264Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,255Total interest income
  • $1,443Total interest expense
  • $7,812Net interest income
  • $1,063Provision for loan and lease losses
  • $974Total noninterest income
  • $0Fiduciary activities
  • $930Service charges on deposit accounts
  • $0Trading account gains & fees
  • $44Additional noninterest income
  • $5,344Total noninterest expense
  • $2,497Salaries and employee benefits
  • $724Premises and equipment expense
  • $2,123Additional noninterest expense
  • $2,379Pre-tax net operating income
  • $12Securities gains (losses)
  • $789Applicable income taxes
  • $1,602Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,602Net income attributable to bank
  • $0Net charge-offs
  • $1,602Cash dividends
  • $976Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 9.55%Return on equity (ROE)
  • 9.55%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 108.91%Credit loss provision to net charge-offs
  • 3.53%Efficiency ratio
  • 60,824Assets per employee
  • 3.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 60.23%Noncurrent assets plus other real estate owned to assets
  • 3.12%Noncurrent loans to loans
  • 2.97%Net loans and leases to deposits
  • 99.50%Net loans and leases to core deposits
  • 104.26%Equity capital to assets
  • 10.74%Core capital (leverage) ratio
  • 10.24%Tier 1 risk-based capital ratio
  • 13.90%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $167,150Average earning assets
  • $16,774Average equity
  • $154,992Average loans

List of branches

  • 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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