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

Frontier Bank in Rock Rapids, Iowa (IA), SD
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Frontier Bank - Overview

General
FDIC Certificate #: 33922
Status: Active
Federal Reserve ID: 2218443
Date Established: June 24, 1994
WWW: http://www.frontierbk.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 4 (Domestic: 4, Interstate: Yes)
OTS Docket #: 12117
FDIC's unique #: 54778
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 24, 1994
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 301 First Avenue, Rock Rapids, IA 51246
County: Lyon
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $155.6 mil
Equity capital: $13.9 mil
Deposits held in domestic offices: $110.9 mil
Return on assets (ROA): 0.64% ($1.0 mil)
Quarterly return on assets: 1.03% ($1.6 mil)
Return on Equity (ROE): 7.85% ($1.1 mil)
Quarterly return on equity: 11.42% ($1.6 mil)
Net income: $1.0 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.67% ($1,042.7 mil)
Quarterly Pretax return on assets: 1.06% ($1,649.7 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, 2011)

Dollar figures in thousands
33Total employees (full-time equivalent)
$155,634Total assets
$6,955Cash and due from depository institutions
$6,081Interest-bearing balances
$54,152Securities
$0Federal funds sold & reverse repurchase agreements
$84,423Net loans & leases
$1,223Loan loss allowance
$0Trading account assets
$1,878Bank premises and fixed assets
$3,566Other real estate owned
$0Goodwill and other intangibles
$155,634Life insurance assets
$4,660All other assets
$141,728Total liabilities and capital
$110,876Total liabilities
$99,055Total deposits
$110,876Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$30,500Trading liabilities
$0Other borrowed funds
$352Subordinated debt
$13,906All other liabilities
$13,906Total equity capital
$13,906Total bank equity capital
$0Perpetual preferred stock
$4,000Common stock
$10,648Surplus
$-742Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,282Income earned, not collected on loans
$0Earning assets
$1,296Long-term assets (5+ years)
$144,656Average Assets, year-to-date
$0Average Assets, quarterly
$153,792Volatile liabilities
$154,400Insider loans
$108,000FHLB advances
$154,331Loans and leases held for sale
$768Unused loan commitments
$0Tier 1 (core) risk-based capital
$12,657Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$21,720Restructured Loans and leases
$3,622Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,129Total interest income
$2,435Total interest expense
$4,694Net interest income
$284Provision for loan and lease losses
$92Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$3,543Total noninterest expense
$1,896Salaries and employee benefits
$652Premises and equipment expense
$995Additional noninterest expense
$959Pre-tax net operating income
$78Securities gains (losses)
$48Applicable income taxes
$989Income before extraordinary items
$0Extraordinary gains - net
$989Net income attributable to bank
$0Net charge-offs
$989Cash dividends
$139Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.01%Yield on earning assets
1.71%Cost of funding earning assets
3.30%Net interest margin
0.06%Noninterest income to earning assets
2.49%Noninterest expense to earning assets
0.59%Net operating income to assets
0.64%Return on assets (ROA)
0.67%Pretax return on assets
7.85%Return on equity (ROE)
7.85%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
204.32%Credit loss provision to net charge-offs
8.94%Efficiency ratio
74,028Assets per employee
4.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
53.59%Noncurrent assets plus other real estate owned to assets
3.32%Noncurrent loans to loans
2.66%Net loans and leases to deposits
76.14%Net loans and leases to core deposits
77.61%Equity capital to assets
8.94%Core capital (leverage) ratio
8.20%Tier 1 risk-based capital ratio
11.72%Total risk-based capital ratio
Memoranda
$13Average assets
$153,792Average earning assets
$12,602Average equity
$142,332Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$12,891Managed Assets
1Number of Accounts
$10,750Personal trust and agency accounts
$8,259Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$2,491Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
34Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$2,141Other retirement accounts
$335Corporate trust and agency accounts
$0Other fiduciary accounts
$1,711Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	54778	Frontier Bank	301 First Avenue, Rock Rapids, IA 51246	June 24, 1994	Full Service Brick and Mortar
5	233944	Little Rock Branch	323 Main Street, Little Rock, IA 51243	November 21, 1935	Full Service Brick and Mortar
6	455832	George Branch	210 E Dakota Ave, George, IA 51237	October 10, 2006	Full Service Brick and Mortar

1 South Dakota Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
2	290217	Sioux Falls Branch	3501 W 57th Street, Sioux Falls, SD 57108	August 01, 1996	Full Service Brick and Mortar

Frontier Bank in Rock Rapids, Iowa (IA), SD
Overview, Financial Summary, Detailed Financial Reports, Branches

Frontier Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Frontier Bank in Rock Rapids, Iowa (IA), SDOverview, Financial Summary, Detailed Financial Reports, Branches

Frontier Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Frontier Bank in Rock Rapids, Iowa (IA), SD
Overview, Financial Summary, Detailed Financial Reports, Branches