FDIC Certificate #: 58743 Status: Active Federal Reserve ID: 3627109 Date Established: Febuary 06, 2008 WWW:http://www.frontiercommunitybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 465741 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 06, 2008 Last Structure Change Effective Date: April 09, 2009 Last Structure Change Process Date: August 04, 2010 Last Data Update: August 04, 2010 Data Source Date: April 05, 2012
Location
Address: 400 Lou Dewitt Boulevard, Waynesboro, VA 22980 County: Waynesboro City Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Richmond Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Staunton-Waynesboro, VA (#44420) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $79.8 mil Equity capital: $7.7 mil Deposits held in domestic offices: $71.9 mil Return on assets (ROA): 0.40% ($0.3 mil) Quarterly return on assets: 0.45% ($0.4 mil) Return on Equity (ROE): 3.94% ($0.3 mil) Quarterly return on equity: 4.50% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.40% ($319.1 mil) Quarterly Pretax return on assets: 0.45% ($359.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$79,767Total assets
$8,852Cash and due from depository institutions
$7,533Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$67,065Net loans & leases
$990Loan loss allowance
$0Trading account assets
$3,039Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$79,767Life insurance assets
$811All other assets
$72,070Total liabilities and capital
$71,925Total liabilities
$67,770Total deposits
$71,925Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$145Subordinated debt
$7,697All other liabilities
$7,697Total equity capital
$7,697Total bank equity capital
$0Perpetual preferred stock
$5,299Common stock
$5,706Surplus
$-3,308Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$176Long-term assets (5+ years)
$74,598Average Assets, year-to-date
$39,081Average Assets, quarterly
$74,203Volatile liabilities
$77,263Insider loans
$65,059FHLB advances
$78,427Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,697Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,172Restructured Loans and leases
$2,250Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,711Total interest income
$1,423Total interest expense
$2,288Net interest income
$112Provision for loan and lease losses
$47Total noninterest income
$0Fiduciary activities
$8Service charges on deposit accounts
$0Trading account gains & fees
$39Additional noninterest income
$1,928Total noninterest expense
$951Salaries and employee benefits
$219Premises and equipment expense
$758Additional noninterest expense
$295Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$295Income before extraordinary items
$0Extraordinary gains - net
$295Net income attributable to bank
$0Net charge-offs
$295Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
2.05%Cost of funding earning assets
3.30%Net interest margin
0.07%Noninterest income to earning assets
2.78%Noninterest expense to earning assets
0.40%Net operating income to assets
0.40%Return on assets (ROA)
0.40%Pretax return on assets
3.94%Return on equity (ROE)
3.94%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
82,570Assets per employee
6.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
93.24%Net loans and leases to core deposits
97.01%Equity capital to assets
9.65%Core capital (leverage) ratio
9.81%Tier 1 risk-based capital ratio
11.83%Total risk-based capital ratio
Memoranda
$13Average assets
$74,203Average earning assets
$7,492Average equity
$69,272Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
465741
Frontier Community Bank
400 Lou Dewitt Boulevard, Waynesboro, VA 22980
Febuary 06, 2008
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Frontier Community Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: