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 4,753rd largest bank in the nation. It was established in 1922 and as of December of 2020, it had grown to 5 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
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
Employees5
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.03%
Return on Equity - YTD0.18%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$42.4MM$41.1MM
LoansQ4 2020vs Q4 2019$18.4MM$19.3MM
DepositsQ4 2020vs Q4 2019$25.3MM$23.1MM
Equity CapitalQ4 2020vs Q4 2019$6.8MM$6.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$158.00K$141.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$759.00K$168.00K
Real Estate OwnedQ4 2020vs Q4 2019$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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