The Pioneer Savings Bank in Cleveland, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Pioneer Savings Bank - Overview

  • General
  • FDIC Certificate #: 27847
    Status: Active
    Federal Reserve ID: 643274
    Date Established: January 01, 1922
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 384
    FDIC's unique #: 40681
    Numeric code: 41
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: June 02, 1938
    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: 6701 Detroit Avenue, Cleveland, OH 44102
    County: Cuyahoga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $29.0 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $14.2 mil
    Return on assets (ROA): 0.66% ($0.2 mil)
    Quarterly return on assets: -0.55% (-$0.2 mil)
    Return on Equity (ROE): 2.97% ($0.2 mil)
    Quarterly return on equity: -2.45% (-$0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.73% ($211.6 mil)
    Quarterly Pretax return on assets: -0.55% (-$159.4 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
  • 6Total employees (full-time equivalent)
  • $28,981Total assets
  • $1,490Cash and due from depository institutions
  • $272Interest-bearing balances
  • $10,555Securities
  • $1,225Federal funds sold & reverse repurchase agreements
  • $14,796Net loans & leases
  • $201Loan loss allowance
  • $0Trading account assets
  • $79Bank premises and fixed assets
  • $159Other real estate owned
  • $0Goodwill and other intangibles
  • $28,981Life insurance assets
  • $677All other assets
  • $22,631Total liabilities and capital
  • $14,154Total liabilities
  • $14,154Total deposits
  • $14,154Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,900Trading liabilities
  • $0Other borrowed funds
  • $577Subordinated debt
  • $6,350All other liabilities
  • $6,350Total equity capital
  • $6,350Total bank equity capital
  • $0Perpetual preferred stock
  • $105Common stock
  • $1,895Surplus
  • $4,350Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $406Income earned, not collected on loans
  • $0Earning assets
  • $105Long-term assets (5+ years)
  • $26,848Average Assets, year-to-date
  • $24,929Average Assets, quarterly
  • $27,620Volatile liabilities
  • $28,379Insider loans
  • $10,914FHLB advances
  • $28,310Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,799Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35Restructured Loans and leases
  • $403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,324Total interest income
  • $204Total interest expense
  • $1,120Net interest income
  • $143Provision for loan and lease losses
  • $37Total noninterest income
  • $0Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $34Additional noninterest income
  • $968Total noninterest expense
  • $577Salaries and employee benefits
  • $60Premises and equipment expense
  • $331Additional noninterest expense
  • $46Pre-tax net operating income
  • $155Securities gains (losses)
  • $20Applicable income taxes
  • $181Income before extraordinary items
  • $0Extraordinary gains - net
  • $181Net income attributable to bank
  • $0Net charge-offs
  • $181Cash dividends
  • $215Sale, conversion, retirement of capital stock, net
  • $13Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 3.77%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 2.97%Return on equity (ROE)
  • 2.75%Retained earnings to average equity (YTD only)
  • 1.45%Net charge-offs to loans
  • 66.51%Credit loss provision to net charge-offs
  • 0.88%Efficiency ratio
  • 83,665Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.18%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 49.51%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 2.71%Net loans and leases to deposits
  • 104.54%Net loans and leases to core deposits
  • 104.54%Equity capital to assets
  • 21.91%Core capital (leverage) ratio
  • 20.48%Tier 1 risk-based capital ratio
  • 53.13%Total risk-based capital ratio
  • Memoranda
  • $54Average assets
  • $27,620Average earning assets
  • $6,099Average equity
  • $25,657Average loans

List of branches

  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040681The Pioneer Savings Bank6701 Detroit Avenue, Cleveland, OH 44102January 01, 1922Full Service Brick and Mortar

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