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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · Minnesota, the state note

Pioneer Bank

Mapleton, Minnesota · $884M in assets · beside the 11 other Minnesota banks between $300M and $1B

The filing

85.1%
Loans / deposits
4th of 12
1.58%
ROA
4th of 12
0.58%
NPA / loans
8th of 12

Pioneer Bank is the sixth largest of the 12 Minnesota banks nearest its size between $300M and $1B, with $884M in assets at 30 June 2026. Loans are 85.1% of deposits, 4th of 12 against a median of 89.5%, and equity is 10.2% of assets, 6th of 12. Loans grew +3.7% in the year, 7th of 12, and deposits grew 3.9%; the cohort's median loan growth is +4.9%.

Noncurrent loans are 0.58% of the book, 8th of 12 against a median of 0.24%; 0.26% is 30 to 89 days past due, and the allowance covers them 1.8 times. Commercial real estate is 27.9% of loans, 6th of 12 against a median of 28.7%, and 189% of capital, below the 300% screen, with construction at 72% against the 100% screen. CRE has grown +53.3% over 36 months, past the guidance's 50% prong.

Return on assets is 1.58%, 4th of 12 against a median of 1.47%, on an efficiency ratio of 57.0%, 6th of 12. Five years ago it was 1.38%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsMN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 89.5% VS Vermillion State Bank 52.5% NB Northeast Bank 78.4% HB Highland Bank 82.3% PB Pioneer Bank 85.1% FN First National Bank North 85.4% VU Versabank USA National Association 85.4% AB Alliance Bank 93.6% FN Falcon National Bank 97.0% UP United Prairie Bank 100.7% sC 21st Century Bank 102.1% PB Platinum Bank 108.5% MB Midwest Bank 112.9%
Loans, year over yearMN banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +4.9% VU Versabank USA National Association +387.3% MB Midwest Bank +19.7% FN First National Bank North +10.4% sC 21st Century Bank +9.5% PB Platinum Bank +6.5% AB Alliance Bank +6.1% PB Pioneer Bank +3.7% VS Vermillion State Bank +3.6% UP United Prairie Bank +2.3% HB Highland Bank +0.8% NB Northeast Bank +0.4% FN Falcon National Bank -2.9%

SBA 7(a), FY2008 to FY2026

Pioneer Bank is the 33rd largest 7(a) lender into Minnesota of 444, with $62M across 184 loans, 0.6% of everything approved in the state (Old National Bank leads with $1.05B). 30 of its 33 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Minnesota, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hennepin, MN$13M40th of 2280.5%-0.3 pts
Blue Earth, MN$9M5th of 359.8%-0.6 pts
Watonwan, MN$6M1st of 764.4%quiet FY2020
Faribault, MN$5M2nd of 1237.1%quiet FY2017
Lac Qui Parle, MN$5M1st of 668.2%quiet FY2020
Renville, MN$5M1st of 1544.3%quiet FY2022
Freeborn, MN$3M3rd of 269.7%quiet FY2020
Sherburne, MN$2M23rd of 841.3%quiet FY2022
Ida, IA$2M3rd of 616.4%quiet FY2018
Nicollet, MN$2M5th of 304.9%quiet FY2021
Minnehaha, SD$2M24th of 770.9%quiet FY2009
Crow Wing, MN$2M22nd of 561.2%quiet FY2022
Ramsey, MN$1M73rd of 1390.1%quiet FY2018
20 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing25$18M26.8%0.05%319th of 2,246
Accommodation & food services50$12M17.4%0.02%520th of 2,596
Agriculture, forestry & fishing5$7M11.0%0.09%113th of 1,007
Construction12$7M10.1%0.02%467th of 2,063
Administrative & waste services7$5M7.9%0.04%308th of 1,763
7(a) lenders into Minnesota, share of approvals since FY2008444 lenders on record; the ten largest and Pioneer Bank
ON Old National Bank 10.7% $1.05B · 2,156 loans WF Wells Fargo Bank National Associa… 6.7% $663M · 2,451 loans UB U.S. Bank, National Association 5.7% $556M · 3,508 loans B Bankvista 4.5% $438M · 1,010 loans CF Choice Financial Group 3.6% $349M · 744 loans PB Platinum Bank 3.2% $318M · 420 loans LO Live Oak Banking Company 2.5% $247M · 190 loans sC 21st Century Bank 2.4% $238M · 699 loans FN Falcon National Bank 2.1% $211M · 546 loans SB Sunrise Banks National Association 2.1% $204M · 726 loans PB Pioneer Bank 0.6% $62M · 184 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers; owner-occupied excluded; bold marks a screen met
Pioneer BankRankCohort median
Total CRE against capital, the 300% screen189%5th of 12235%
Construction against capital, the 100% screen72%10th of 1239%
Construction and land development, share of loans10.6%11th of 124.4%
Non-owner-occupied nonfarm nonresidential, share of loans8.4%6th of 1211.2%
Total CRE, the guidance definition, share of loans27.9%6th of 1228.7%
CRE growth over 36 months, the third prong+53.3%10th of 12+22.5%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Midwest Bank$985M2.5%40.1%0.05%0.00%0.9%112.9%9.5%
United Prairie Bank$939M1.4%58.2%0.66%0.09%0.9%100.7%10.2%
Vermillion State Bank$931M2.6%23.2%0.24%-0.12%1.6%52.5%13.1%
Versabank USA National Association$912M1.2%42.0%0.10%0.00%0.0%85.4%20.6%
21st Century Bank$895M1.3%49.8%0.19%0.10%0.9%102.1%9.2%
Pioneer Bank$884M1.6%57.0%0.58%0.03%1.0%85.1%10.2%
Falcon National Bank$872M1.2%61.6%1.04%0.61%1.8%97.0%10.6%
First National Bank North$864M2.6%48.7%0.23%0.02%1.5%85.4%11.9%
Northeast Bank$837M1.5%64.3%0.20%-0.09%0.9%78.4%8.4%
Highland Bank$776M0.0%75.2%2.51%0.79%2.5%82.3%7.4%
Alliance Bank$756M1.0%64.4%0.01%-0.01%1.7%93.6%10.2%
Platinum Bank$739M1.5%58.1%0.81%0.00%1.3%108.5%8.2%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Pioneer BankCohort median
20212026Change20212026Change
Loans$460M$649M+41%$458M$647M+41%
Deposits$635M$763M+20%$638M$759M+19%
NPA / loans1.64%0.58%-1.06 pts0.37%0.24%-0.13 pts
Efficiency63.6%57.0%-6.6 pts53.9%57.5%+3.6 pts
ROA1.38%1.58%+0.20 pts1.66%1.47%-0.19 pts

This read was prepared for Pioneer Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Pioneer Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MN banks $300M to $1B
Institution WWW.BANKWITHPIONEER.COM

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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