Pioneer Bancorp Posts Record $238,000 Profit

Pioneer Bancorp, the holding company for Pioneer Bank in Fullerton, posted a record $238,000 net income in the second quarter, more than four times the $55,083 it earned in last year’s second quarter.

The company’s assets at the end of June were $106.3 million, a 28.1% increase over the $83 million in assets it had a year earlier. The bank’s total deposits at the end of June rose 28.9% to $99.5 million from $77.2 million the previous year, while net loans grew 22.7% to $73.6 million from $60 million.