Pioneer Bancorp IncMD
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
PBFS$18.54+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Condition
CONSOLIDATED STATEMENTS OF CONDITION (unaudited)
(in thousands, except share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, · June 30, | ||||||
| · · 2024 · · 2024 | ||||||
| Assets · · | ||||||
| Cash and due from banks | | $78,097 | | $36,937 | ||
| Federal funds sold | | 2,411 | | 13,638 | ||
| Interest-earning deposits with banks | | 144,466 | | 114,615 | ||
| Cash and cash equivalents | | 224,974 | | 165,190 | ||
| Securities available for sale, at fair value | | 262,533 | | 257,409 | ||
| Securities held to maturity, net of allowance for credit losses of $216 at September 30, 2024 and $262 at June 30, 2024 (fair value of $22,863 at September 30, 2024; and $22,437 at June 30, 2024) | | 24,589 | | 25,090 | ||
| Federal Reserve Bank of New York and Federal Home Loan Bank of New York stock | | 3,646 | | 3,546 | ||
| Loans receivable | | | 1,420,963 | | | 1,365,870 |
| Allowance for credit losses | | | (21,238) | | | (21,801) |
| Net loans receivable | | 1,399,725 | | 1,344,069 | ||
| Accrued interest receivable | | 7,667 | | 7,559 | ||
| Premises and equipment, net | | 39,718 | | 40,105 | ||
| Bank-owned life insurance | | 15,972 | | 16,009 | ||
| Goodwill | | 10,879 | | 10,879 | ||
| Other intangible assets, net | | 2,828 | | 2,951 | ||
| Other assets | | 22,071 | | 22,597 | ||
| Total assets | | $2,014,602 | | $1,895,404 | ||
| | | | | | | |
| Liabilities and Shareholders’ Equity | | | ||||
| Liabilities | | | ||||
| Deposits: | | | ||||
| Non-interest bearing deposits | | $537,933 | | $445,328 | ||
| Interest bearing deposits | | 1,137,347 | | 1,104,924 | ||
| Total deposits | | 1,675,280 | | 1,550,252 | ||
| Mortgagors’ escrow deposits | | 3,854 | | 9,701 | ||
| Other liabilities | | 31,667 | | 38,923 | ||
| Total liabilities | | 1,710,801 | | 1,598,876 | ||
| | | | | | | |
| Commitments and contingent liabilities – See Note 9 | | | | | | |
| | | | | | | |
| Shareholders’ Equity | | | ||||
| Preferred stock ($0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding as of September 30, 2024 and June 30, 2024) | | | — | | | — |
| Common stock ($0.01 par value, 75,000,000 shares authorized, 26,146,904 and 26,261,293 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively) | | | 261 | | | 263 |
| Additional paid in capital | | | 113,795 | | | 113,484 |
| Retained earnings | | 192,826 | | 187,731 | ||
| Unallocated common stock of Employee Stock Ownership Plan (“ESOP”) | | (9,721) | | (9,892) | ||
| Accumulated other comprehensive income | | 6,640 | | 4,942 | ||
| Total shareholders’ equity | | 303,801 | | 296,528 | ||
| Total liabilities and shareholders’ equity | | $2,014,602 | | $1,895,404 | ||
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