The Pioneer National Bank of Duluth

The Pioneer National Bank of Duluth is headquartered in Duluth and is the 209^th largest bank in the state of Minnesota. It is also the 5,537^th largest bank in the nation. It was established in 1912 and as of March of 2012, it had grown to 25 employees at 3 locations. The Pioneer National Bank of Duluth has a 4-star health rating.

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Data for Q1 2012

Institution Statistics The Pioneer National Bank of Duluth FDIC Certificate # 5130 BankRate Report View Year Established 1912 Employees 25 Primary Regulator OCC Assets and Liabilities Assets $78.35 million Loans $62.35 million Deposits $65.11 million Equity Capital $8.59 million Loan Loss Allowance $661,000 Unbacked Noncurrent Loans $436,000 Real Estate Owned $40,000 Historic Data - March 2011 Assets $81.49 million Equity Capital $8.18 million Loan Loss Allowance $650,000 Unbacked Noncurrent Loans $84,000 Real Estate Owned $30,000 Profit Margin - Quarterly Net Interest Margin 5.23% Return on Assets 1.35% Return on Equity 12.98% Interest Income $1.09 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 The Pioneer National Bank of Duluth had $476,000 in non-current loans and owned real-estate with $9.25 million in equity and loan loss allowances on hand to cover it. This gives The Pioneer National Bank of Duluth a Texas Ratio of 5.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Pioneer National Bank of Duluth held steady from 1.29% as of March 31, 2011 to 5.14% as of March 31, 2012, resulting in a negative change of 298.54%. This indicates that the balance sheet and financial strength for The Pioneer National Bank of Duluth has held steady in recent periods. Deposit Growth In the past year, The Pioneer National Bank of Duluth has decreased its total deposits by -$3.01 million, resulting in -4.42% 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 The Pioneer National Bank of Duluth has shown is below average. Capitalization 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. The Pioneer National Bank of Duluth has $78.34 million in assets with $9.25 million in equity, resulting in a capitalization level of 11.81%, which is above average.

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