The Pioneer Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
The Pioneer Savings Bank is an FDIC-insured commercial bank headquartered in Cleveland, OH, established in 1922 (FDIC certificate 27847), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $54.7M, down 4.5% from Q2 2025, the 148th largest of 154 banks headquartered in Ohio. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.76% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 27847
- Headquarters
- Cleveland, OH
- Established
- 1922
- Total assets, Q2 2026
- $54.7M
- Assets vs Q2 2025
- -4.5%
- Tier 1 leverage ratio, Q2 2026
- 11.76%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 241070475
- Latest call report
- Q2 2026, FFIEC 051 · The Pioneer Savings Bank call report
- Asset rank in state
- 148th of 154 in Ohio
The Pioneer Savings Bank, based in Cleveland, Ohio, reported $55 million in assets at June 30, 2026, down 4.5% from a year earlier. It keeps 1.96 cents of net interest income on every dollar of earning assets, about half the median of 3.87 cents for the 583 banks with less than $100 million in assets. It also pays an average of 4.90% on its deposits and borrowings, about triple the median of 1.53% for banks its size.
Loans and deposits moved in opposite directions: over the year loans rose 4.4% and deposits fell 5.8%. Unrealized losses on its securities total $1.4 million, equal to 22% of Tier 1 capital, against 26% a year earlier. Costs are the weak spot: it spends about 97 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 69 cents).
As of June 30, 2026, The Pioneer Savings Bank reported a return on assets of 0.09%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 154 banks headquartered in Ohio, The Pioneer Savings Bank is the 148th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.5% to $54.7M, loans rose 3.5% and deposits rose 0.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 88.9% of total loans, followed by owner-occupied commercial real estate loans at 9.3%. The FDIC Summary of Deposits lists a single office for it, in Cleveland, OH. By the capital ratios in its Q2 2026 call report, The Pioneer Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 6701 Detroit Ave, Cleveland, OH 44102
- County
- Cuyahoga
- Metro Area
- Cleveland, OH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1922
- Former names
- The Pioneer Savings Bank (1990)
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 6
- Domestic deposits
- $35.6M
- Allowance for credit losses
- $315K
- Net charge-offs (YTD)
- $0
- Average total assets
- $55.5M
- Average total loans
- $35.9M
- Average interest-bearing deposits
- $35.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 2, 1938
- FDIC Cert
- 27847
- Fed RSSD
- 643274
- Website
- www.psb1922.com →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The Pioneer Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The Pioneer Savings Bank's total assets moved between a low of $46.0M (Q3 2023) and a high of $57.3M (Q3 2025) from Q3 2023 to Q2 2026, and it earned a profit in 6 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$54.7M total assets against $57.2M; $49.3M total liabilities against $52.2M.
$36.5M net loans and leases against $35.0M; $35.6M total deposits against $37.8M.
$12.4M securities against $14.7M; $2.1M cash and balances due against $4.1M.
$696K total interest income against $716K; $438K total interest expense against $505K.
$258K net interest income against $211K.
$19K total noninterest income against $18K; $268K total noninterest expense against $268K.
$2K provision for credit losses against $3K.
$13K net income against -$42K.
0.09% return on assets against -0.29%; 1.96% net interest margin against 1.52%.
11.76% tier 1 leverage ratio against 10.87%.
Inside the full The Pioneer Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
The Pioneer Savings Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.60% (Q4 2024) to 0.37% (Q3 2025) and its net interest margin ran from 1.42% (Q4 2024) to 1.96% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.76% | 0.09% | 0.00% | 0.00% | 1.96% |
| Q1 2026 | 11.74% | 0.21% | 0.00% | 0.00% | 1.93% |
| Q4 2025 | 11.37% | -0.17% | 0.00% | 0.00% | 1.69% |
| Q3 2025 | 11.29% | 0.37% | 0.00% | 0.00% | 1.61% |
| Q2 2025 | 10.87% | -0.29% | 0.00% | 0.00% | 1.52% |
| Q1 2025 | 11.15% | -0.07% | 0.00% | 0.00% | 1.49% |
| Q4 2024 | 11.19% | -0.60% | 0.00% | 0.00% | 1.42% |
| Q3 2024 | 11.45% | -0.38% | 0.00% | 0.00% | 1.53% |
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Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Pioneer Savings Bank | Cleveland , OH | 44102 | $35.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in OH, rank 175 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Pioneer Savings Bank
What are The Pioneer Savings Bank's total assets?
As of the Q2 2026 filing, The Pioneer Savings Bank reported total assets of $54.7 million in its FFIEC call report.
Where is The Pioneer Savings Bank headquartered?
It is headquartered in Cleveland, OH, United States.
When was The Pioneer Savings Bank founded?
It was established in 1922, per the FDIC institution directory.
Is The Pioneer Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #27847). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Pioneer Savings Bank?
The Pioneer Savings Bank's primary federal regulator is the FDIC.
How many branches does The Pioneer Savings Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Pioneer Savings Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was The Pioneer Savings Bank previously called?
The charter now named The Pioneer Savings Bank has also operated as The Pioneer Savings Bank (1990), per FDIC structure-change records.
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