Frontier Bank in Lamar, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

Frontier Bank - Overview

  • General
  • FDIC Certificate #: 14730
    Status: Active
    Federal Reserve ID: 191355
    Bank Holding Company (Regulatory Top Holder): Whitcorp Financial Company (RSSDID: 1051979, Location: Leoti, KS)
    Date Established: August 25, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10577
    FDIC's unique #: 9213
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 25, 1934
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: January 20, 2011
    Last Data Update: January 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 South Main, Lamar, CO 81052
    County: Prowers
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Corrections
    Name Change
    Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $209.0 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $179.8 mil
    Return on assets (ROA): 1.86% ($3.9 mil)
    Quarterly return on assets: 1.79% ($3.7 mil)
    Return on Equity (ROE): 14.75% ($4.0 mil)
    Quarterly return on equity: 13.71% ($3.7 mil)
    Net income: $3.7 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.86% ($3,887.7 mil)
    Quarterly Pretax return on assets: 1.79% ($3,741.4 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
  • 52Total employees (full-time equivalent)
  • $209,016Total assets
  • $4,930Cash and due from depository institutions
  • $3,368Interest-bearing balances
  • $86,749Securities
  • $12,060Federal funds sold & reverse repurchase agreements
  • $99,636Net loans & leases
  • $2,328Loan loss allowance
  • $0Trading account assets
  • $2,899Bank premises and fixed assets
  • $5Other real estate owned
  • $0Goodwill and other intangibles
  • $209,016Life insurance assets
  • $2,737All other assets
  • $182,320Total liabilities and capital
  • $179,831Total liabilities
  • $146,373Total deposits
  • $179,831Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 2000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $151Trading liabilities
  • $0Other borrowed funds
  • $338Subordinated debt
  • $26,696All other liabilities
  • $26,696Total equity capital
  • $26,696Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $900Surplus
  • $24,896Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $115Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $439Income earned, not collected on loans
  • $0Earning assets
  • $1,396Long-term assets (5+ years)
  • $201,813Average Assets, year-to-date
  • $82,277Average Assets, quarterly
  • $200,496Volatile liabilities
  • $206,947Insider loans
  • $121,614FHLB advances
  • $209,733Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,202Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,537Restructured Loans and leases
  • $476Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,315Total interest income
  • $1,085Total interest expense
  • $7,230Net interest income
  • $115Provision for loan and lease losses
  • $1,092Total noninterest income
  • $199Fiduciary activities
  • $494Service charges on deposit accounts
  • $0Trading account gains & fees
  • $399Additional noninterest income
  • $4,636Total noninterest expense
  • $2,914Salaries and employee benefits
  • $502Premises and equipment expense
  • $1,220Additional noninterest expense
  • $3,571Pre-tax net operating income
  • $154Securities gains (losses)
  • $0Applicable income taxes
  • $3,725Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,725Net income attributable to bank
  • $0Net charge-offs
  • $3,725Cash dividends
  • $53Sale, conversion, retirement of capital stock, net
  • $3,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 1.86%Return on assets (ROA)
  • 1.86%Pretax return on assets
  • 14.75%Return on equity (ROE)
  • 0.89%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 216.98%Credit loss provision to net charge-offs
  • 69.55%Efficiency ratio
  • 55,708Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.96%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 530.30%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 55.41%Net loans and leases to core deposits
  • 58.62%Equity capital to assets
  • 12.77%Core capital (leverage) ratio
  • 11.06%Tier 1 risk-based capital ratio
  • 19.08%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $200,496Average earning assets
  • $25,256Average equity
  • $192,675Average 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
  • $36,704Managed Assets
  • 1Number of Accounts
  • $26,522Personal trust and agency accounts
  • $5,457Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $754Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,311Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 42Number of Accounts
  • $0Personal trust and agency accounts
  • $754Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $10,182Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09213Frontier Bank200 South Main, Lamar, CO 81052August 25, 1934Full Service Brick and Mortar
    1232054Motor Bank Branch400 South Main Street, Lamar, CO 81052June 28, 1980Limited Service Facility
    3279849Burlington Branch107 South 14th Street, Burlington, CO 80807January 01, 1901Full Service Brick and Mortar
    4279850Springfield Branch808 Main Street, Springfield, CO 81073January 01, 1901Full Service Brick and Mortar
    6364433Frontier Branch4115 Outlook Blvd, Pueblo, CO 81008July 29, 2002Full Service Brick and Mortar
    7476628East Spaulding Branch18 East Spaulding Avenue, Pueblo West, CO 81007September 22, 2007Full Service Brick and Mortar

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