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512-894-0262
100 Creek Road
Dripping Springs, TX 78620

Pioneer Bank, SSB is headquartered in Dripping Springs and is the 205th largest bank in the state of Texas. It is also the 2,418st largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 51 employees at 5 locations. Pioneer Bank, SSB has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Pioneer Bank, SSB had $75,000 in non-current loans and owned real-estate with $28.25 million in equity and loan loss allowances on hand to cover it. This gives Pioneer Bank, SSB a Texas Ratio of 0.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Pioneer Bank, SSB decreased dramatically from 0.79% as of March 31, 2013 to 0.27% as of March 31, 2014, resulting in a positive change of 66.48%.This indicates that the balance sheet and financial strength for Pioneer Bank, SSB has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pioneer Bank, SSB has increased its total deposits by $43.27 million, resulting in 22.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pioneer Bank, SSB has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pioneer Bank, SSB has $266.9 million in assets with $28.25 million in equity, resulting in a capitalization level of 10.59%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58577
Year Established2007
Employees51
Primary RegulatorFDIC
Assets and Liabilities
Assets$266.90 million
Loans$206.49 million
Deposits$239.23 million
Equity Capital$26.58 million
Loan Loss Allowance$1.67 million
Unbacked Noncurrent Loans$75,000
Real Estate Owned$0
Historic Data - March 2013
Assets$222.08 million
Equity Capital$25.16 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$75,000
Real Estate Owned$114,000
Profit Margin - Quarterly
Net Interest Margin4.25%
Return on Assets0.73%
Return on Equity7.4%
Interest Income$3.12 million
Rates
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Pioneer Bank, SSB Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.51%-$25kPioneer High Yield Checking - Qualifying
0.05%--Pioneer High Yield Checking - Non Qualifying
Locations


Pioneer Bank, SSB Locations
Pioneer Bank, SSB100 Creek RoadDripping Springs, TX 78620
San Marcos Branch102 Wonder World Dr, Suite 303San Marcos, TX 78666
Weimar Branch107 East MainWeimar, TX 78962
LA Grange Branch143 North MainLA Grange, TX 78945
Austin3720 JeffersonAustin, TX 78731