FDIC Certificate #: 27847 Status: Active Federal Reserve ID: 643274 Date Established: January 01, 1922 Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 384 FDIC's unique #: 40681 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: 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: All Other Specialization < 1 Billion Date of Deposit Insurance: June 02, 1938 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: 6701 Detroit Avenue, Cleveland, OH 44102 County: Cuyahoga Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680) Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28) Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184) Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460) CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $29.0 mil Equity capital: $6.3 mil Deposits held in domestic offices: $14.2 mil Return on assets (ROA): 0.66% ($0.2 mil) Quarterly return on assets: -0.55% (-$0.2 mil) Return on Equity (ROE): 2.97% ($0.2 mil) Quarterly return on equity: -2.45% (-$0.1 mil) Net income: $0.2 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.73% ($211.6 mil) Quarterly Pretax return on assets: -0.55% (-$159.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$28,981Total assets
$1,490Cash and due from depository institutions
$272Interest-bearing balances
$10,555Securities
$1,225Federal funds sold & reverse repurchase agreements
$14,796Net loans & leases
$201Loan loss allowance
$0Trading account assets
$79Bank premises and fixed assets
$159Other real estate owned
$0Goodwill and other intangibles
$28,981Life insurance assets
$677All other assets
$22,631Total liabilities and capital
$14,154Total liabilities
$14,154Total deposits
$14,154Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$7,900Trading liabilities
$0Other borrowed funds
$577Subordinated debt
$6,350All other liabilities
$6,350Total equity capital
$6,350Total bank equity capital
$0Perpetual preferred stock
$105Common stock
$1,895Surplus
$4,350Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$406Income earned, not collected on loans
$0Earning assets
$105Long-term assets (5+ years)
$26,848Average Assets, year-to-date
$24,929Average Assets, quarterly
$27,620Volatile liabilities
$28,379Insider loans
$10,914FHLB advances
$28,310Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,799Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$35Restructured Loans and leases
$403Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,324Total interest income
$204Total interest expense
$1,120Net interest income
$143Provision for loan and lease losses
$37Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$34Additional noninterest income
$968Total noninterest expense
$577Salaries and employee benefits
$60Premises and equipment expense
$331Additional noninterest expense
$46Pre-tax net operating income
$155Securities gains (losses)
$20Applicable income taxes
$181Income before extraordinary items
$0Extraordinary gains - net
$181Net income attributable to bank
$0Net charge-offs
$181Cash dividends
$215Sale, conversion, retirement of capital stock, net
$13Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
0.80%Cost of funding earning assets
4.37%Net interest margin
0.14%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.15%Net operating income to assets
0.66%Return on assets (ROA)
0.73%Pretax return on assets
2.97%Return on equity (ROE)
2.75%Retained earnings to average equity (YTD only)
1.45%Net charge-offs to loans
66.51%Credit loss provision to net charge-offs
0.88%Efficiency ratio
83,665Assets per employee
4.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.18%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
49.51%Noncurrent assets plus other real estate owned to assets
1.95%Noncurrent loans to loans
2.71%Net loans and leases to deposits
104.54%Net loans and leases to core deposits
104.54%Equity capital to assets
21.91%Core capital (leverage) ratio
20.48%Tier 1 risk-based capital ratio
53.13%Total risk-based capital ratio
Memoranda
$54Average assets
$27,620Average earning assets
$6,099Average equity
$25,657Average loans
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40681
The Pioneer Savings Bank
6701 Detroit Avenue, Cleveland, OH 44102
January 01, 1922
Full Service Brick and Mortar
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