Pioneer Federal Savings Bank in Chester, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1994

  • Pioneer Federal Savings Bank in Chester, Virginia (VA)
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Pioneer Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29016
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Signet Bank (#11589)
    Federal Reserve ID: 759474
    Date Established: January 01, 1933
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2768
    FDIC's unique #: 41850
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 09, 1935
    Last Structure Change Effective Date: September 01, 1994
    Last Structure Change Process Date: September 23, 1994
    Last Data Update: September 14, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 5601 Ironbridge Parkway, Chester, VA 23831
    County: Chesterfield
    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
    Metropolitan Statistical Area (MSA): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $378.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $144Total assets
  • $397,287Cash and due from depository institutions
  • $14,755Interest-bearing balances
  • $8,255Securities
  • $128,646Federal funds sold & reverse repurchase agreements
  • $765Net loans & leases
  • $216,981Loan loss allowance
  • $4,244Trading account assets
  • $0Bank premises and fixed assets
  • $4,199Other real estate owned
  • $3,280Goodwill and other intangibles
  • $28,661Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $397,287Total liabilities
  • $353,626Total deposits
  • $317,162Interest-bearing deposits
  • $308,943Deposits held in domestic offices
  • 317162.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $9,775Trading liabilities
  • $0Other borrowed funds
  • $20,000Subordinated debt
  • $0All other liabilities
  • $6,689Total equity capital
  • $6,689Total bank equity capital
  • $43,661Perpetual preferred stock
  • $0Common stock
  • $1,394Surplus
  • $22,541Undivided profits
  • Memoranda
  • $19,726Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,389Income earned, not collected on loans
  • $1,791Earning assets
  • $354,647Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $441,014Average Assets, quarterly
  • $403,481Volatile liabilities
  • $61,935Insider loans
  • $335FHLB advances
  • $20,000Loans and leases held for sale
  • $0Unused loan commitments
  • $11,622Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $35,351Total risk weighted assets
  • $234,062Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $30,506Total interest expense
  • $16,986Net interest income
  • $13,520Provision for loan and lease losses
  • $403Total noninterest income
  • $1,428Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,134Additional noninterest income
  • $294Total noninterest expense
  • $9,978Salaries and employee benefits
  • $4,860Premises and equipment expense
  • $2,523Additional noninterest expense
  • $2,595Pre-tax net operating income
  • $4,567Securities gains (losses)
  • $5,574Applicable income taxes
  • $3,311Income before extraordinary items
  • $6,830Extraordinary gains - net
  • -$2,216Net income attributable to bank
  • $4,614Net charge-offs
  • $311Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.65%Cost of funding earning assets
  • 4.26%Net interest margin
  • 3.39%Noninterest income to earning assets
  • 0.36%Noninterest expense to earning assets
  • 2.50%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 1.80%Return on equity (ROE)
  • 11.11%Retained earnings to average equity (YTD only)
  • 11.11%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 129.58%Efficiency ratio
  • 66,751Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 57.44%Noncurrent assets plus other real estate owned to assets
  • 2.69%Noncurrent loans to loans
  • 3.34%Net loans and leases to deposits
  • 68.41%Net loans and leases to core deposits
  • 76.13%Equity capital to assets
  • 10.99%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 15.10%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $441,014Average earning assets
  • $41,513Average equity
  • $398,977Average loans

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