Pioneer BankBanksForge
 »  Pioneer Bank

Pioneer Bank, Financial Information

AboutPioneer Bank

 Address:
301 Main Street
Mapleton,MN
Blue Earth County,Minnesota
 Established:
Jan 1903
 Number of domestic offices:
8
Agriculture bank
Total assets$723M
Net income$6M
Net income,quarterly$3M
Total deposits$641M
Domestic deposits$641M
Equity capital$75M
ROA0.83%
ROAQ,quarterly1.52%
ROA,pretax1.52%
ROAQ,quarterly,pretax1.52%
ROE7.61%
ROEQ,quarterly14.23%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Pioneer Bank - one of the southern Minnesota’s strongest community banks.

The bank has experienced significant growth recently, including adding $38 million in loans and $21 million in deposits in the past twelve months alone.

Pioneer Bank has grown to nearly $300 million in total assets and has offices in Mankato, North Mankato, St. James, Mapleton and Elmore. In 2010 the bank became the first in southern Minnesota to offer an innovative checking and savings account program called Kasasa.

2011 also marked the introduction of mobile banking, joining other convenience products such as remote deposit capture and cash management. In February, the bank completed construction on a 3,100 square foot addition to their North Mankato bank - a direct result of the success they've had in the greater Mankato market.

Historical Data