Pioneer Bank in Mapleton, Minnesota (MN)
| Pioneer Bank | |
|---|---|
| General | FDIC Certificate #: 5193 Status: Active Federal Reserve ID: 920854 Bank Holding Company (Regulatory Top Holder): Citizens Bank Group, Inc. (RSSDID: 1964668, Location: Saint James, MN) Date Established: January 01, 1903 WWW: http://www.bankwithpioneer.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Domestic: 6, Interstate: No) OTS Docket #: 13386 FDIC's unique #: 3483 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 301 Main Street, Mapleton, MN 56065 County: Blue Earth Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860) CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $270.1 mil Equity capital: $29.1 mil Deposits held in domestic offices: $226.8 mil Return on assets (ROA): 1.02% ($2.8 mil) Quarterly return on assets: 0.29% ($0.8 mil) Return on Equity (ROE): 9.33% ($2.7 mil) Quarterly return on equity: 2.67% ($0.8 mil) Net income: $2.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.02% ($2,754.6 mil) Quarterly Pretax return on assets: 0.29% ($783.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 57 |
| Total assets | $270,062 |
| Cash and due from depository institutions | $34,589 |
| Interest-bearing balances | $16,739 |
| Securities | $1,327 |
| Federal funds sold & reverse repurchase agreements | $7,716 |
| Net loans & leases | $208,494 |
| Loan loss allowance | $2,405 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,262 |
| Other real estate owned | $6,017 |
| Goodwill and other intangibles | $4,412 |
| All other assets | $5,245 |
| Life insurance assets | $270,062 |
| Total liabilities and capital | $240,919 |
| Total liabilities | $226,765 |
| Total deposits | $198,366 |
| Interest-bearing deposits | $226,765 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $12,963 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,191 |
| All other liabilities | $29,143 |
| Total equity capital | $29,143 |
| Total bank equity capital | $29,143 |
| Perpetual preferred stock | $0 |
| Common stock | $235 |
| Surplus | $21,606 |
| Undivided profits | $7,302 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $732 |
| Income earned, not collected on loans | $5,344 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,296 |
| Average Assets, year-to-date | $234,276 |
| Average Assets, quarterly | $28,684 |
| Volatile liabilities | $264,672 |
| Insider loans | $266,584 |
| FHLB advances | $198,505 |
| Loans and leases held for sale | $264,320 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $24,687 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $34,384 |
| Derivatives | $5,489 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $13,499 |
| Total interest expense | $4,065 |
| Net interest income | $9,434 |
| Provision for loan and lease losses | $1,100 |
| Total noninterest income | $453 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $480 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$27 |
| Total noninterest expense | $6,078 |
| Salaries and employee benefits | $3,226 |
| Premises and equipment expense | $556 |
| Additional noninterest expense | $2,296 |
| Pre-tax net operating income | $2,709 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $2,704 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,704 |
| Net charge-offs | $0 |
| Cash dividends | $2,704 |
| Sale, conversion, retirement of capital stock, net | $889 |
| Net operating income | $2,109 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.81% |
| Cost of funding earning assets | 1.75% |
| Net interest margin | 4.06% |
| Noninterest income to earning assets | 0.19% |
| Noninterest expense to earning assets | 2.62% |
| Net operating income to assets | 1.02% |
| Return on assets (ROA) | 1.02% |
| Pretax return on assets | 1.02% |
| Return on equity (ROE) | 9.33% |
| Retained earnings to average equity (YTD only) | 2.05% |
| Net charge-offs to loans | 0.43% |
| Credit loss provision to net charge-offs | 123.73% |
| Efficiency ratio | 4.28% |
| Assets per employee | $61,475 |
| Cash dividends to net income (YTD only) | 4.74% |
| Condition Ratios (%) | |
| Loss allowance to loans | 78.00% |
| Loss allowance to noncurrent loans | 1.14% |
| Noncurrent assets plus other real estate owned to assets | 45.00% |
| Noncurrent loans to loans | 4.21% |
| Net loans and leases to deposits | 2.53% |
| Net loans and leases to core deposits | 91.94% |
| Equity capital to assets | 99.42% |
| Core capital (leverage) ratio | 10.79% |
| Tier 1 risk-based capital ratio | 9.34% |
| Total risk-based capital ratio | 12.44% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $264,672 |
| Average equity | $28,992 |
| Average loans | $232,326 |
| 6 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3483 | Pioneer Bank | 301 Main Street, Mapleton, MN 56065 | January 01, 1903 | Full Service Brick and Mortar |  |
| 1 | 3438 | Elmore Branch | 109 East Willis Street, Elmore, MN 56027 | May 23, 1888 | Full Service Brick and Mortar |  |
| 2 | 5620 | Delavan Branch | Main Street, Delavan, MN 56023 | January 01, 1909 | Full Service Brick and Mortar | |
| 3 | 9219 | St. James Branch | 123 Armstrong Boulevard South, St. James, MN 56081 | May 17, 1936 | Full Service Brick and Mortar | |
| 4 | 433268 | 320 Stadium Road Branch | 320 Stadium Road, Suite 100, Mankato, MN 56001 | December 01, 2004 | Full Service Brick and Mortar | |
| 5 | 219049 | North Mankato Branch | 1735 Commerce Drive, North Mankato, MN 56001 | September 23, 1991 | Full Service Brick and Mortar | |
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