Frontier Bank in city_name, state_name - Detailed Financial Reports, Location

Frontier Bank in Everett, Washington (WA)
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Frontier Bank - Overview

General
FDIC Certificate #: 22710
Status: Inactive
Closing history: Corrections
Acquiring institution: Union Bank, National Association (#22826)
Federal Reserve ID: 150071
Date Established: September 06, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 52 (Interstate: No)
OTS Docket #: 9652
FDIC's unique #: 15852
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: September 06, 1978
Last Structure Change Effective Date: April 30, 2010
Last Structure Change Process Date: May 03, 2010
Last Data Update: May 03, 2010
Data Source Date: April 05, 2012
Location
Address: 332 Southwest Everett Mall Way, Everett, WA 98204
County: Snohomish
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Seattle
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Seattle-Bellevue-Everett, WA (#7600)
Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660)
CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660)
Core Based Statistical Division: Seattle-Bellevue-Everett, WA (#42644)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $3,250.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

Dollar figures in thousands
697Total employees (full-time equivalent)
$3,592,123Total assets
$432,893Cash and due from depository institutions
$339,144Interest-bearing balances
$79,806Securities
$0Federal funds sold & reverse repurchase agreements
$2,718,154Net loans & leases
$151,349Loan loss allowance
$0Trading account assets
$47,704Bank premises and fixed assets
$169,674Other real estate owned
$264Goodwill and other intangibles
$25,385Life insurance assets
$143,628All other assets
$3,592,123Total liabilities and capital
$3,531,048Total liabilities
$3,125,495Total deposits
$2,745,217Interest-bearing deposits
$3,125,495Deposits held in domestic offices
82.39%% insured (estimated)
$10,557Federal funds purchased & repurchase agreements
$0Trading liabilities
$376,859Other borrowed funds
$0Subordinated debt
$18,137All other liabilities
$61,075Total equity capital
$61,075Total bank equity capital
$61,075Perpetual preferred stock
$0Common stock
$2,782Surplus
$97,245Undivided profits
Memoranda
$-38,952Noncurrent loans and leases
$244,785Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$705,206Earning assets
$0Long-term assets (5+ years)
$9,840Average Assets, year-to-date
$3,137,104Average Assets, quarterly
$207,624Volatile liabilities
$3,917,702Insider loans
$3,679,381FHLB advances
$907,583Loans and leases held for sale
$35,240Unused loan commitments
$375,479Tier 1 (core) risk-based capital
$3,221Tier 2 risk-based capital
$3,221Total risk weighted assets
$244,785Total unused commitments
$0Restructured Loans and leases
$36,748Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$176,913Total interest income
$93,231Total interest expense
$83,682Net interest income
$376,091Provision for loan and lease losses
$8,969Total noninterest income
$1,964Fiduciary activities
$6,154Service charges on deposit accounts
$0Trading account gains & fees
$851Additional noninterest income
$92,322Total noninterest expense
$44,164Salaries and employee benefits
$11,344Premises and equipment expense
$36,814Additional noninterest expense
-$375,762Pre-tax net operating income
-$102Securities gains (losses)
-$90,269Applicable income taxes
-$285,595Income before extraordinary items
$0Extraordinary gains - net
-$285,595Net income attributable to bank
$0Net charge-offs
-$285,595Cash dividends
$337,298Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.90%Yield on earning assets
2.58%Cost of funding earning assets
2.32%Net interest margin
0.25%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
-7.29%Net operating income to assets
-7.29%Return on assets (ROA)
-9.59%Pretax return on assets
-128.57%Return on equity (ROE)
-128.57%Retained earnings to average equity (YTD only)
9.99%Net charge-offs to loans
111.50%Credit loss provision to net charge-offs
0.00%Efficiency ratio
99,588Assets per employee
5.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.27%Loss allowance to noncurrent loans
21.46%Noncurrent assets plus other real estate owned to assets
24.36%Noncurrent loans to loans
24.58%Net loans and leases to deposits
86.97%Net loans and leases to core deposits
118.44%Equity capital to assets
1.70%Core capital (leverage) ratio
1.65%Tier 1 risk-based capital ratio
2.09%Total risk-based capital ratio
Memoranda
$3Average assets
$3,917,702Average earning assets
$222,131Average equity
$3,612,656Average loans

Total Fiduciary and Related Assets (December 31, 2009)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$332,270Managed Assets
1Number of Accounts
$224,392Personal trust and agency accounts
$145,006Employee benefit-defined contribution accounts
$327Employee benefit-defined benefit accounts
$0Other retirement accounts
$12,152Corporate trust and agency accounts
$0Investment management agency accounts
$55,236Other fiduciary accounts
$11,671Fiduciary accounts held in foreign offices
$0Non-managed Assets
511Number of Accounts
$0Personal trust and agency accounts
$12,152Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$107,878Other retirement accounts
$37,429Corporate trust and agency accounts
$105Other fiduciary accounts
$9,704Fiduciary accounts held in foreign offices

Frontier Bank in Everett, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Frontier Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

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Frontier Bank in Everett, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

Frontier Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Frontier Bank in Everett, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches