Pioneer Bank & Trust in Belle Fourche, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pioneer Bank & Trust - Overview

  • General
  • FDIC Certificate #: 15562
    Status: Active
    Federal Reserve ID: 65559
    Bank Holding Company (Regulatory Top Holder): Belle Fourche Bancshares, Inc. (RSSDID: 1143511, Location: Spearfish, SD)
    Date Established: August 30, 1937
    WWW: http://www.pioneerbankandtrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 9854
    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: December 04, 1937
    Last Structure Change Effective Date: March 28, 2011
    Last Structure Change Process Date: April 05, 2011
    Last Data Update: April 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 State Street, Belle Fourche, SD 57717
    County: Butte
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Withdraws from FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $467.3 mil
    Equity capital: $45.9 mil
    Deposits held in domestic offices: $416.1 mil
    Return on assets (ROA): 1.81% ($8.5 mil)
    Quarterly return on assets: 1.24% ($5.8 mil)
    Return on Equity (ROE): 18.05% ($8.3 mil)
    Quarterly return on equity: 12.38% ($5.7 mil)
    Net income: $8.0 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.89% ($8,831.9 mil)
    Quarterly Pretax return on assets: 1.33% ($6,215.1 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
  • 93Total employees (full-time equivalent)
  • $467,298Total assets
  • $113,980Cash and due from depository institutions
  • $109,628Interest-bearing balances
  • $134,679Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $201,622Net loans & leases
  • $2,063Loan loss allowance
  • $0Trading account assets
  • $7,293Bank premises and fixed assets
  • $44Other real estate owned
  • $0Goodwill and other intangibles
  • $467,298Life insurance assets
  • $9,680All other assets
  • $421,400Total liabilities and capital
  • $416,101Total liabilities
  • $384,477Total deposits
  • $416,101Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,299Subordinated debt
  • $45,898All other liabilities
  • $45,898Total equity capital
  • $45,898Total bank equity capital
  • $0Perpetual preferred stock
  • $495Common stock
  • $17,505Surplus
  • $27,898Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $400Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,423Income earned, not collected on loans
  • $0Earning assets
  • $2,045Long-term assets (5+ years)
  • $445,929Average Assets, year-to-date
  • $71,056Average Assets, quarterly
  • $439,912Volatile liabilities
  • $458,652Insider loans
  • $224,852FHLB advances
  • $460,863Loans and leases held for sale
  • $6,427Unused loan commitments
  • $6,427Tier 1 (core) risk-based capital
  • $43,878Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $51,864Restructured Loans and leases
  • $2,893Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,443Total interest income
  • $2,606Total interest expense
  • $12,837Net interest income
  • $169Provision for loan and lease losses
  • $4,293Total noninterest income
  • $1,699Fiduciary activities
  • $1,030Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,564Additional noninterest income
  • $9,540Total noninterest expense
  • $5,903Salaries and employee benefits
  • $1,215Premises and equipment expense
  • $2,422Additional noninterest expense
  • $7,421Pre-tax net operating income
  • $897Securities gains (losses)
  • $349Applicable income taxes
  • $7,969Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,969Net income attributable to bank
  • $0Net charge-offs
  • $7,969Cash dividends
  • $94Sale, conversion, retirement of capital stock, net
  • $4,406Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.68%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.06%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.62%Net operating income to assets
  • 1.81%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 18.05%Return on equity (ROE)
  • 8.07%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 179.79%Credit loss provision to net charge-offs
  • 80.74%Efficiency ratio
  • 55,692Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.29%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 144.98%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 48.46%Net loans and leases to core deposits
  • 50.72%Equity capital to assets
  • 9.82%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 19.51%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $439,912Average earning assets
  • $44,138Average equity
  • $419,156Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $186,972Managed Assets
  • 1Number of Accounts
  • $170,784Personal trust and agency accounts
  • $163,114Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $4,107Fiduciary accounts held in foreign offices
  • $3,563Non-managed Assets
  • 207Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $16,188Other retirement accounts
  • $10,000Corporate trust and agency accounts
  • $6,188Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09854Pioneer Bank & Trust700 State Street, Belle Fourche, SD 57717August 30, 1937Full Service Brick and Mortar
    1234543Spearfish Branch140 E Jackson Blvd, Spearfish, SD 57783August 09, 1961Full Service Brick and Mortar
    2234544Rapid City West Branch2001 West Omaha Street, Rapid City, SD 57702March 21, 1984Full Service Brick and Mortar
    3763Buffalo Branch102 Main Street, Buffalo, SD 57720June 01, 1913Full Service Brick and Mortar
    4234545Rapid City South Branch2018 Mount Rushmore Road, Rapid City, SD 57709January 03, 1994Full Service Brick and Mortar
    5465190Administration Center125 E Colorado Blvd Ste 1a, Spearfish, SD 57783December 20, 2002Limited Service Administrative
    6526143Sturgis Branch2611 Lazelle Street, Sturgis, SD 57785October 11, 2011Full Service Brick and Mortar

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