FDIC Certificate #: 57849 Status: Active Federal Reserve ID: 3303953 Date Established: November 08, 2004 WWW:http://www.pioneersb.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 428117 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: November 08, 2004 Last Structure Change Effective Date: Febuary 24, 2012 Last Structure Change Process Date: Febuary 24, 2012 Last Data Update: Febuary 24, 2012 Data Source Date: April 05, 2012
Location
Address: 21 Second Street, Troy, NY 12180 County: Rensselaer Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Syracuse Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Albany-Schenectady-Troy, NY (#160) Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104) Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580) CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
Financial Summary
Total assets: $46.0 mil Equity capital: $4.7 mil Deposits held in domestic offices: $41.2 mil Return on assets (ROA): 0.12% ($0.1 mil) Quarterly return on assets: 0.14% ($0.1 mil) Return on Equity (ROE): 1.33% ($0.1 mil) Quarterly return on equity: 1.53% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.09% ($41.4 mil) Quarterly Pretax return on assets: 0.15% ($68.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
1Total employees (full-time equivalent)
$45,958Total assets
$6,632Cash and due from depository institutions
$6,507Interest-bearing balances
$37,120Securities
$2,034Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$45,958Life insurance assets
$172All other assets
$41,229Total liabilities and capital
$41,214Total liabilities
$32,113Total deposits
$41,214Interest-bearing deposits
$45Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$15Subordinated debt
$4,729All other liabilities
$4,729Total equity capital
$4,729Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$3,000Surplus
$729Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$73Long-term assets (5+ years)
$45,661Average Assets, year-to-date
$0Average Assets, quarterly
$49,901Volatile liabilities
$50,220Insider loans
$7,819FHLB advances
$49,654Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,684Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$340Total interest income
$98Total interest expense
$242Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$219Total noninterest expense
$114Salaries and employee benefits
$1Premises and equipment expense
$104Additional noninterest expense
$23Pre-tax net operating income
$23Securities gains (losses)
-$16Applicable income taxes
$62Income before extraordinary items
$0Extraordinary gains - net
$62Net income attributable to bank
$0Net charge-offs
$62Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.69%Yield on earning assets
0.20%Cost of funding earning assets
0.49%Net interest margin
0.00%Noninterest income to earning assets
0.44%Noninterest expense to earning assets
0.08%Net operating income to assets
0.12%Return on assets (ROA)
0.09%Pretax return on assets
1.33%Return on equity (ROE)
1.33%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
90,496Assets per employee
45.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
10.29%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
59.91%Total risk-based capital ratio
Memoranda
$60Average assets
$49,901Average earning assets
$4,670Average equity
$49,472Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
428117
Pioneer Commercial Bank
21 Second Street, Troy, NY 12180
November 08, 2004
Full Service Brick and Mortar
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