Pioneer Bank & Trust Mortgage Rates, Fees & Info
Belle Fourche, SDLEI: 254900CYWJYH3ES8BV63
Tax ID: 46-0108155
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Mortgage Data
Bank Data
Review & Overview
Pioneer Bank & Trust is a smaller bank specializing in Home Purchase loans. Pioneer Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Rapid City, Spearfish, Fort Collins, Williston, and Greeley among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Pioneer Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
202Origination Dollar Volume (All Markets)
$36,480,000Employee count
107Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 98 | $16,550,000 | $168,878 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 56 | $10,950,000 | $195,536 | $0 | 0.00% |
| Outside of Metro Areas | 36 | $5,140,000 | $142,778 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 0.00% |
| Williston, ND (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Montrose, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
For 2018, Pioneer Bank & Trust's most frequently originated type of loan was Conventional, with 178 originations. Their 2nd most popular type was VA, with 14 originations.
Loan Reason
For 2018, Pioneer Bank & Trust's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 202 | $36,480,000 | $180,594 | $0 | 0.00% |
For 2018, Pioneer Bank & Trust's most frequently cited loan duration was Other, with 202 originations.
Loan Sizing
2018 saw Pioneer Bank & Trust place emphasis on $100k-200k loans with 70 originations, totaling $10,540,000 in origination value.
Applicant Income
Pioneer Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 42 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 202 | $36,480,000 | $180,594 | $0 | 0.00% |
Pioneer Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 202 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.23%
Pioneer Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination81.68%
Pioneer Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 202 | $36,480,000 | $180,594 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Pioneer Bank & Trust | 102 Main Street Buffalo, SD 57720 | Full Service B&M | $45,148 |
| Pioneer Bank & Trust | 125 E Colorado Blvd Ste 1a Spearfish, SD 57783 | Limited, Administrative | $0 |
| Pioneer Bank & Trust | 140 E Jackson Blvd Spearfish, SD 57783 | Full Service B&M | $109,177 |
| Pioneer Bank & Trust | 2001 West Omaha Street Rapid City, SD 57702 | Full Service B&M | $200,139 |
| Pioneer Bank & Trust | 2018 Mount Rushmore Road Rapid City, SD 57709 | Full Service B&M | $66,579 |
| Pioneer Bank & Trust | 2611 Lazelle Street Sturgis, SD 57785 | Full Service B&M | $23,873 |
| Pioneer Bank & Trust | 700 State Street Belle Fourche, SD 57717 | Full Service B&M | $124,689 |
For 2018, Pioneer Bank & Trust had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $23,680 |
| Net interest income | $20,765 |
| Total noninterest income | $5,061 |
| Gross Fiduciary activities income | $1,409 |
| Service charges on deposit accounts | $925 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,727 |
| Pre-tax net operating income | $11,988 |
| Securities gains (or losses, -) | $8 |
| Income before extraordinary items | $9,017 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,017 |
| Minority interest net income | $0 |
| Net income | $9,017 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,010 |
Pioneer Bank & Trust's gross interest income from loans was $23,680,000.
Pioneer Bank & Trust's net interest income from loans was $20,765,000.
Pioneer Bank & Trust's fee based income from loans was $925,000.
Pioneer Bank & Trust's net income from loans was $9,017,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,915 |
| Provision for credit losses | $347 |
| Total noninterest expense | $13,491 |
| Salaries and employee benefits | $8,809 |
| Premises and equipment expense | $1,139 |
| Additional noninterest expense | $3,543 |
| Applicable income taxes | $2,979 |
| Net charge-offs | $3 |
| Cash dividends | $3,829 |
Pioneer Bank & Trust's interest expense for loans was $2,915,000.
Pioneer Bank & Trust's payroll and benefits expense were $8,809,000.
Pioneer Bank & Trust's property, plant and equipment expenses $1,139,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $589,942 |
| Deposits held in domestic offices | $589,942 |
| Deposits by Individuals, partnerships, and corporations | $496,514 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $93,427 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $48,257 |
| Demand deposits | $33,423 |
| Nontransaction accounts | $541,684 |
| Money market deposit accounts (MMDAs) | $433,356 |
| Other savings deposits (excluding MMDAs) | $34,617 |
| Total time deposits | $73,712 |
| Total time and savings deposits | $556,518 |
| Noninterest-bearing deposits | $107,469 |
| Interest-bearing deposits | $482,473 |
| Retail deposits | $576,370 |
| IRAs and Keogh plan accounts | $10,249 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $666,971 |
| Cash & Balances due from depository institutions | $45,685 |
| Interest-bearing balances | $40,082 |
| Total securities | $253,903 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $342,495 |
| Loan and leases loss allowance | $3,364 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,630 |
| Other real estate owned | $71 |
| Goodwill and other intangibles | $0 |
| All other assets | $17,187 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $666,971 |
| Total Liabilities | $596,897 |
| Total deposits | $589,942 |
| Interest-bearing deposits | $482,473 |
| Deposits held in domestic offices | $589,942 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $6,955 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $342,495 |
| Loan and leases loss allowance | $3,364 |
| Total loans and leases (domestic) | $345,859 |
| All real estate loans | $222,619 |
| Real estate loans in domestic offices | $222,619 |
| Construction and development loans | $28,590 |
| Residential 1-4 family construction | $15,735 |
| Other construction, all land development and other land | $12,855 |
| Loans secured by nonfarm nonresidential properties | $105,882 |
| Nonfarm nonresidential secured by owner-occupied properties | $79,416 |
| Commercial real estate & other non-farm, non-residential | $26,466 |
| Multifamily residential real estate | $5,919 |
| 1-4 family residential loans | $41,512 |
| Farmland loans | $40,716 |
| Loans held in foreign offices | $0 |
| Farm loans | $36,039 |
| Commercial and industrial loans | $64,626 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $12,124 |
| Credit card loans | $0 |
| Related Plans | $629 |
| Consumer Auto Loans | $2,380 |
| Other loans to individuals | $9,115 |
| All other loans & leases | $10,450 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $702 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Pioneer Bank & Trust had $342,495,000 of loans outstanding in 2018. $222,619,000 of loans were in real estate loans. $28,590,000 of loans were in development loans. $5,919,000 of loans were in multifamily mortgage loans. $41,512,000 of loans were in 1-4 family mortgage loans. $36,039,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,380,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 186 | $42,041 | $226,027 |
| Nonfarm, nonresidential loans - <$100k | 36 | $1,267 | $35,194 |
| Nonfarm, nonresidential loans - $100-250k | 75 | $9,462 | $126,160 |
| Nonfarm, nonresidential loans - $250k-1MM | 75 | $31,312 | $417,493 |
| Commercial & Industrial, US addressed loans - <$1MM | 843 | $44,420 | $52,693 |
| Commercial & Industrial, US addressed loans - <$100k | 634 | $11,776 | $18,574 |
| Commercial & Industrial, US addressed loans - $100-250k | 136 | $12,788 | $94,029 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 73 | $19,856 | $272,000 |
| Farmland loans - <$1MM | 174 | $17,020 | $97,816 |
| Farmland loans - <$100k | 53 | $2,144 | $40,453 |
| Farmland loans - $100-250k | 76 | $8,202 | $107,921 |
| Farmland loans - $250k-1MM | 45 | $6,674 | $148,311 |
| Agriculture operations loans - <$1MM | 629 | $25,756 | $40,948 |
| Agriculture operations loans - <$100k | 474 | $9,468 | $19,975 |
| Agriculture operations loans - $100-250k | 115 | $8,569 | $74,513 |
| Agriculture operations loans - $250k-1MM | 40 | $7,719 | $192,975 |