The Pioneer Savings Bank


Overview / Commentary
216-961-0422
6701 Detroit Avenue
Cleveland, OH 44102

The Pioneer Savings Bank is headquartered in Cleveland and is the 168th largest bank in the state of Ohio. It is also the 4,732nd largest bank in the nation. It was established in 1922 and as of June of 2021, it had grown to 6 employees at 1 location. The Pioneer Savings Bank's money market rates are 25% higher than the national average, and it has a B+ health rating.

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The Pioneer Savings Bank (OH) Leads With 3-Year CD - 3/31/2021

The Pioneer Savings Bank (Cleveland, OH) 3-year CD has maintained a competitive APY for about five years. Minimum opening deposit is $500, with no stated balance cap.

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Health
B+
Additional 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 low asset base.

Health Grade Components

Overall
FDIC Certificate #27847
Year Established1922
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD1.72%
Annual Interest Income$707.00K
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$42.7MM$41.6MM
LoansQ2 2021vs Q2 2020$19.8MM$17.6MM
DepositsQ2 2021vs Q2 2020$26.0MM$24.1MM
Equity CapitalQ2 2021vs Q2 2020$6.7MM$6.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$167.00K$151.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$596.00K$1.5MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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The Pioneer Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$2.5k-Money Market

The Pioneer Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-3 Year CD
1.00%$500-30 Month CD
0.80%$500-2 Year CD
0.65%$500-18 Month CD
0.50%$500-1 Year CD
0.40%$2.5k-6 Month CD
Locations


The Pioneer Savings Bank Locations
The Pioneer Savings Bank6701 Detroit AvenueCleveland, OH 44102

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