Pioneer Bancorp Reports 34% Higher Net in Quarter

Pioneer Bancorp, a one-bank holding company for Pioneer Bank in Fullerton, said its first-quarter net earnings rose 34% to $144,490 from $107,866 a year earlier.

Corporate assets at the end of the quarter were up 42% to $81.5 million from $57.2 million.

The bank’s total deposits for the quarter were up 46% to $75.8 million from $51.9 million, while the value of the bank’s loan portfolio rose 38% to $57.4 million from $41.5 million.