Times Union: Pioneer Bank sees income rise amid higher interest rates
"Pioneer Bank received $6 million in net income during the third quarter of their fiscal year. The third quarter ends on March 31 and their fiscal year ends on June 30.
That was up from $5.7 million during the same period last year.
Amid rising interest rates, the bank’s net interest income increased $7.6 million, or 76.8 percent, to $17.5 million for the three months ending March 31."