Overview / Commentary
The Pioneer Savings Bank is headquartered in CLEVELAND and is the 157th largest bank in the state of Ohio. It is also the 4,266th largest bank in the nation. It was established in 1922 and as of June of 2024, it had grown to 6 employees at 1 location. The Pioneer Savings Bank has a B health rating.
Health
B
Data as of Q2 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The Pioneer Savings Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27847 |
| Year Established | 1922 |
| Employees | 6 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.01% |
| Return on Equity - YTD | 0.12% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $55MM$44.3MM |
| Loans | Q2 2024vs Q2 2023 | $33.8MM$24.3MM |
| Deposits | Q2 2024vs Q2 2023 | $34.9MM$26.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $4.8MM$4.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $347K$318K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $0$398K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |