Pioneer Bankshares Inc. reported unaudited earnings results for the nine months ended September 30, 2009. The company reported net earnings of $935,000 as of September 30, 2009, as compared to $1.1 million for the same period last year. The decrease in earnings of approximately $175,000 is primarily attributed to additional FDIC insurance premiums and provision allocations that have been made for potential loan losses. The company's book value as of September 30, 2009 was $17.20 per share, as compared to a book value of $16.52 per share as of December 31, 2008. Earnings per share as of September 30, 2009 were $0.91 compared to $1.09 for the same period last year. Interest and dividend income was $7,064,000 against $7,895,000 for the same period last year. Net interest income was $4,868,000 against $5,001,000 for the same period last year. Net interest income after provision for loan losses was $4,158,000 against $4,709,000 for the same period last year. Income before income taxes was $1,359,000 against $1,662,000 for the same period last year.

Pioneer Bankshares Inc. declared on September 10, 2009 a dividend of 0.14 cents per share payable on September 30, 2009 to shareholders of record on September 21, 2009.

Pioneer Bankshares Inc. reported unaudited earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported net earnings of $722,000 or $0.71 per basic and diluted share, compared to a net income of $736,000 or $0.73 per basic and diluted share a year ago. Interest and dividend income was $4,714,000 compared to $5,293,000 a year ago. Net interest income was $3,188,000 compared to $3,303,000 a year ago. Income before income taxes was $1,065,000 compared to $1,103,000 a year ago. The company's book value as of June 30, 2009 was $16.90 per share, as compared to a book value of $16.52 per share as of December 31, 2008. This represents an increase of 2.30%.