Pioneer State Bank
Salt Lake City, UT · Owner: Western Home Financial Corp
$11.7M
total assets, September 30, 1985
$11.7M
total assets, September 30, 1985
Pioneer State Bank was a state member bank in Salt Lake City, UT, owned by Western Home Financial Corp. It failed on Jan 24, 1986, and Zions First National Ban took over its deposits. At its last report it held $11.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1985
This bank failed
- Failed on
- Jan 24, 1986
- Assets
- $11.7M
- Deposits
- $10.9M
- Estimated cost
- $537K
- Deposits went to
- Zions First National Ban, Salt Lake City, UT
Total assets
$11.7M
+15.0% in a year · 0.0% in a quarter
Deposits
$10.9M
+31.6% in a year · 0.0% in a quarter
Loans
$6.7M
-18.2% in a year · 0.0% in a quarter
Profit so far
-$247K
Jan 1 to Sep 30, 1985 · -2000.0% in a year
Capital ratio
4.50%
-3.01 pts in a year
Return on assets
-3.04%
-3.20 pts in a year
Facts
- Type
- State member bank
- Head office
- 311 South State Street, Salt Lake City, UT, 84111
- County
- Salt Lake
- Holding company
- Western Home Financial Corp
- Established
- Feb 26, 1979
- Failed
- Jan 24, 1986
- Employees
- 8
- Id
- b22818
Quarter by quarter
March 31, 1984 to September 30, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 7
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Pioneer State Bank?
$11.7 million in total assets and $10.9 million in deposits as of September 30, 1985, with assets up 15.0% from a year before. Its loans were $6.69 million.
Is Pioneer State Bank profitable?
No: it lost $247,000 from January 1 to September 30, 1985. Its return on assets was -3.04% a year; about 1% is typical.
Who owns Pioneer State Bank?
Pioneer State Bank is owned by Western Home Financial Corp, its holding company.
When did Pioneer State Bank fail?
Jan 24, 1986. Zions First National Ban of Salt Lake City, UT took over its deposits. The estimated cost of the failure was $537,223.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.