Pioneer Savings Bank in Troy, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pioneer Savings Bank - Overview

  • General
  • FDIC Certificate #: 20741
    Status: Active
    Federal Reserve ID: 237619
    Date Established: January 01, 1889
    WWW: http://www.pioneersb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: No)
    OTS Docket #: 4949
    FDIC's unique #: 14326
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: July 01, 1972
    Last Structure Change Effective Date: June 04, 2010
    Last Structure Change Process Date: July 23, 2010
    Last Data Update: July 23, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Second Street, Troy, NY 12181
    County: Rensselaer
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Albany-Schenectady-Troy, NY (#160)
    Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580)
    CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
  • Financial Summary
  • Total assets: $767.8 mil
    Equity capital: $81.2 mil
    Deposits held in domestic offices: $665.8 mil
    Return on assets (ROA): 0.46% ($3.5 mil)
    Quarterly return on assets: 0.63% ($4.8 mil)
    Return on Equity (ROE): 4.45% ($3.6 mil)
    Quarterly return on equity: 5.99% ($4.9 mil)
    Net income: $3.5 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.66% ($5,067.6 mil)
    Quarterly Pretax return on assets: 0.93% ($7,140.7 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
  • 237Total employees (full-time equivalent)
  • $767,813Total assets
  • $100,202Cash and due from depository institutions
  • $77,830Interest-bearing balances
  • $72,070Securities
  • $2,070Federal funds sold & reverse repurchase agreements
  • $539,502Net loans & leases
  • $7,706Loan loss allowance
  • $0Trading account assets
  • $11,903Bank premises and fixed assets
  • $869Other real estate owned
  • $20Goodwill and other intangibles
  • $767,813Life insurance assets
  • $41,177All other assets
  • $686,606Total liabilities and capital
  • $665,760Total liabilities
  • $551,019Total deposits
  • $665,760Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 4092.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,991Trading liabilities
  • $0Other borrowed funds
  • $7,763Subordinated debt
  • $81,207All other liabilities
  • $81,207Total equity capital
  • $81,207Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $10,658Surplus
  • $70,549Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $727Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,575Income earned, not collected on loans
  • $0Earning assets
  • $2,972Long-term assets (5+ years)
  • $691,472Average Assets, year-to-date
  • $231,307Average Assets, quarterly
  • $770,302Volatile liabilities
  • $770,344Insider loans
  • $568,313FHLB advances
  • $762,590Loans and leases held for sale
  • $18,114Unused loan commitments
  • $218Tier 1 (core) risk-based capital
  • $85,522Tier 2 risk-based capital
  • $17,896Total risk weighted assets
  • $0Total unused commitments
  • $115,004Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,019Total interest income
  • $4,886Total interest expense
  • $25,133Net interest income
  • $2,087Provision for loan and lease losses
  • $6,087Total noninterest income
  • $0Fiduciary activities
  • $2,920Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,167Additional noninterest income
  • $24,065Total noninterest expense
  • $14,717Salaries and employee benefits
  • $3,656Premises and equipment expense
  • $5,692Additional noninterest expense
  • $5,068Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,525Applicable income taxes
  • $3,543Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,543Net income attributable to bank
  • $0Net charge-offs
  • $3,543Cash dividends
  • $1,789Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 4.45%Return on equity (ROE)
  • 4.45%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 116.66%Credit loss provision to net charge-offs
  • 4.00%Efficiency ratio
  • 77,082Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 168.44%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 81.04%Net loans and leases to core deposits
  • 82.99%Equity capital to assets
  • 10.58%Core capital (leverage) ratio
  • 11.21%Tier 1 risk-based capital ratio
  • 15.05%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $770,302Average earning assets
  • $79,562Average equity
  • $694,347Average loans

List of branches

  • 16 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014326Pioneer Savings Bank21 Second Street, Troy, NY 12181January 01, 1889Full Service Brick and Mortar
    1251626Troy Schenectady Branch531 Troy Schenectady Road, Latham, NY 12110July 01, 1972Full Service Brick and Mortar
    2251627Watervliet Branch2000 Second Avenue, Watervliet, NY 12189July 01, 1972Full Service Brick and Mortar
    3251628Hannaford Plaza Branch1452 Altamont Avenue, Rotterdam, NY 12303December 12, 1973Full Service Brick and Mortar
    4251629Clifton Park Branch1208 Route 146, Clifton Park, NY 12065January 03, 1996Full Service Brick and Mortar
    5251630Malta BranchRoutes 9 & 67, Malta, NY 12020June 08, 1996Full Service Brick and Mortar
    6358419Wynantskill Branch78 Main Avenue, Wynantskill, NY 12198November 29, 1999Full Service Brick and Mortar
    7358466Brunswick Branch712 Hoosick Road, Troy, NY 12180March 10, 2000Full Service Brick and Mortar
    8362479329 Glenmont Road Branch329 Glenmont Road, Glenmont, NY 12077November 09, 2001Full Service Brick and Mortar
    9419615Waterford Branch142 Saratoga Avenue, Waterford, NY 12188September 05, 2002Full Service Brick and Mortar
    104229501761 Central Avenue Branch1761 Central Avenue, Albany, NY 12205October 03, 2003Full Service Brick and Mortar
    11425739Hannaford Plaza Branch598 Columbia Turnpike, East Greenbush, NY 12061January 26, 2004Full Service Brick and Mortar
    12434071Green Island Branch148 George Streeet, Green Island, NY 12183December 16, 2004Full Service Brick and Mortar
    13444615488 Broadway Branch488 Broadway, Albany, NY 12207July 29, 2005Full Service Brick and Mortar
    14460997Guilderland Office1881 Western Avenue, Albany, NY 12203January 29, 2007Full Service Brick and Mortar
    15500514Delmar Branch184 Delaware Avenue, Delmar, NY 12054January 11, 2010Full Service Brick and Mortar

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