Overview / Commentary
The Pioneer Savings Bank is headquartered in CLEVELAND and is the 161st largest bank in the state of Ohio. It is also the 4,475th largest bank in the nation. It was established in 1922 and as of March of 2023, it had grown to 6 employees at 1 location. The Pioneer Savings Bank's CD rates are 4X the national average, and it has a B health rating.
Health
B
Data as of Q1 2023
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27847 |
| Year Established | 1922 |
| Employees | 6 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.27% |
| Return on Equity - YTD | -2.39% |
| Annual Interest Income | $435.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $42.7MM$42.5MM |
| Loans | Q1 2023vs Q1 2022 | $23.0MM$23.4MM |
| Deposits | Q1 2023vs Q1 2022 | $27.0MM$27.0MM |
| Equity Capital | Q1 2023vs Q1 2022 | $4.8MM$6.0MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $315.00K$183.00K |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $398.00K$579.00K |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |