Pioneer Community Bank, Inc. in Iaeger, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pioneer Community Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 2448
    Status: Active
    Federal Reserve ID: 294827
    Bank Holding Company (Regulatory Top Holder): Pioneer Community Group, Inc. (RSSDID: 2356514, Location: Iaeger, WV)
    Date Established: September 20, 1931
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13788
    FDIC's unique #: 1603
    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: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 19, 2008
    Last Structure Change Process Date: September 30, 2008
    Last Data Update: September 30, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: Center Street, Iaeger, WV 24844
    County: Mcdowell
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $120.8 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $107.4 mil
    Return on assets (ROA): 1.08% ($1.3 mil)
    Quarterly return on assets: 0.98% ($1.2 mil)
    Return on Equity (ROE): 11.19% ($1.3 mil)
    Quarterly return on equity: 9.78% ($1.2 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.66% ($2,005.2 mil)
    Quarterly Pretax return on assets: 1.12% ($1,352.9 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
  • 53Total employees (full-time equivalent)
  • $120,793Total assets
  • $9,202Cash and due from depository institutions
  • $1,456Interest-bearing balances
  • $10,427Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $92,661Net loans & leases
  • $916Loan loss allowance
  • $0Trading account assets
  • $3,982Bank premises and fixed assets
  • $161Other real estate owned
  • $638Goodwill and other intangibles
  • $120,793Life insurance assets
  • $3,722All other assets
  • $108,842Total liabilities and capital
  • $107,360Total liabilities
  • $75,608Total deposits
  • $107,360Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,482Subordinated debt
  • $11,951All other liabilities
  • $11,951Total equity capital
  • $11,951Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $1,000Surplus
  • $10,451Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,233Income earned, not collected on loans
  • $0Earning assets
  • $410Long-term assets (5+ years)
  • $104,544Average Assets, year-to-date
  • $14,217Average Assets, quarterly
  • $118,695Volatile liabilities
  • $119,285Insider loans
  • $76,202FHLB advances
  • $120,028Loans and leases held for sale
  • $2,178Unused loan commitments
  • $2,178Tier 1 (core) risk-based capital
  • $10,969Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $748Restructured Loans and leases
  • $1,746Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,207Total interest income
  • $600Total interest expense
  • $5,607Net interest income
  • $139Provision for loan and lease losses
  • $1,517Total noninterest income
  • $0Fiduciary activities
  • $680Service charges on deposit accounts
  • $0Trading account gains & fees
  • $837Additional noninterest income
  • $5,003Total noninterest expense
  • $2,323Salaries and employee benefits
  • $559Premises and equipment expense
  • $2,121Additional noninterest expense
  • $1,982Pre-tax net operating income
  • $0Securities gains (losses)
  • $682Applicable income taxes
  • $1,300Income before extraordinary items
  • -$14Extraordinary gains - net
  • $1,286Net income attributable to bank
  • $0Net charge-offs
  • $1,286Cash dividends
  • $131Sale, conversion, retirement of capital stock, net
  • $315Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.98%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 5.40%Net interest margin
  • 1.46%Noninterest income to earning assets
  • 4.82%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 11.19%Return on equity (ROE)
  • 8.45%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 106.11%Credit loss provision to net charge-offs
  • 16.19%Efficiency ratio
  • 70,227Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.49%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 41.02%Noncurrent assets plus other real estate owned to assets
  • 1.98%Noncurrent loans to loans
  • 2.39%Net loans and leases to deposits
  • 86.31%Net loans and leases to core deposits
  • 88.24%Equity capital to assets
  • 9.89%Core capital (leverage) ratio
  • 9.14%Tier 1 risk-based capital ratio
  • 14.39%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $118,695Average earning assets
  • $11,492Average equity
  • $103,814Average loans

List of branches

  • 6 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01603Pioneer Community Bank, Inc.Center Street, Iaeger, WV 24844September 20, 1931Full Service Brick and Mortar
    3357604Sophia Branch822 Robert C. Byrd Drive, Sophia, WV 25921July 01, 1999Full Service Brick and Mortar
    64165War BranchMain Street, War, WV 24892August 28, 1930Full Service Brick and Mortar
    7208931Bradshaw Branch83 Buchanan Street, Bradshaw, WV 24817August 10, 1984Full Service Brick and Mortar
    817094Welch Branch681 Riverside Drive, Welch, WV 24801August 01, 1983Full Service Brick and Mortar
    10212181Northfork BranchMain Street, Northfork, WV 24868July 31, 1997Full Service Brick and Mortar

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