Pioneer Bankshares Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $564,262 or $0.59 per share. The first quarter earnings for 2015 resulted in a 54% increase as compared to the same period for the prior year.

The current year increase in earnings is attributed to numerous factors including an increase in interest income on loans, an increase in other non-interest income, a reduction in interest expense on deposits, a reduction in provision for loan loss expense, and various reductions in general operating expenses.