Frontier Bank in Lagrange, Georgia (GA), AL
Overview, Financial Summary, Detailed Financial Reports, Branches

Frontier Bank - Overview

  • General
  • FDIC Certificate #: 16431
    Status: Active
    Federal Reserve ID: 255136
    Bank Holding Company (Regulatory Top Holder): Frontier National Corporation (RSSDID: 2600730, Location: Chelsea, AL)
    Date Established: May 23, 1946
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: Yes)
    OTS Docket #: 12268
    FDIC's unique #: 10602
    Numeric code: 21
    Regulator: FDIC
    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: May 23, 1946
    Last Structure Change Effective Date: Febuary 10, 2012
    Last Structure Change Process Date: March 01, 2012
    Last Data Update: March 01, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Vernon Street, Lagrange, GA 30240
    County: Troup
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): LaGrange, GA (#29300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $297.8 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $253.4 mil
    Return on assets (ROA): -6.44% (-$19.2 mil)
    Quarterly return on assets: -23.34% (-$69.6 mil)
    Return on Equity (ROE): -94.17% (-$6.6 mil)
    Quarterly return on equity: -460.80% (-$32.3 mil)
    Net income: -$20.1 mil
    Quarterly Net income: -$18.0 mil
    Pretax return on assets: -5.35% (-$15,934.3 mil)
    Quarterly Pretax return on assets: -16.97% (-$50,543.1 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
  • 101Total employees (full-time equivalent)
  • $297,838Total assets
  • $38,235Cash and due from depository institutions
  • $32,627Interest-bearing balances
  • $52,062Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,401Net loans & leases
  • $5,963Loan loss allowance
  • $0Trading account assets
  • $9,386Bank premises and fixed assets
  • $19,091Other real estate owned
  • $0Goodwill and other intangibles
  • $297,838Life insurance assets
  • $12,663All other assets
  • $291,230Total liabilities and capital
  • $253,408Total liabilities
  • $223,615Total deposits
  • $253,408Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,068Trading liabilities
  • $0Other borrowed funds
  • $754Subordinated debt
  • $6,608All other liabilities
  • $6,608Total equity capital
  • $6,608Total bank equity capital
  • $0Perpetual preferred stock
  • $124Common stock
  • $15,642Surplus
  • $-9,158Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $36,216Income earned, not collected on loans
  • $0Earning assets
  • $1,181Long-term assets (5+ years)
  • $251,090Average Assets, year-to-date
  • $53,181Average Assets, quarterly
  • $312,668Volatile liabilities
  • $308,441Insider loans
  • $201,091FHLB advances
  • $314,369Loans and leases held for sale
  • $8,277Unused loan commitments
  • $3,449Tier 1 (core) risk-based capital
  • $6,307Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,828Total unused commitments
  • $9,072Restructured Loans and leases
  • $911Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,627Total interest income
  • $4,283Total interest expense
  • $8,344Net interest income
  • $14,518Provision for loan and lease losses
  • $1,572Total noninterest income
  • $0Fiduciary activities
  • $1,030Service charges on deposit accounts
  • $0Trading account gains & fees
  • $542Additional noninterest income
  • $12,564Total noninterest expense
  • $4,846Salaries and employee benefits
  • $1,224Premises and equipment expense
  • $6,494Additional noninterest expense
  • -$17,166Pre-tax net operating income
  • $435Securities gains (losses)
  • $3,406Applicable income taxes
  • -$20,137Income before extraordinary items
  • $0Extraordinary gains - net
  • -$20,137Net income attributable to bank
  • $0Net charge-offs
  • -$20,137Cash dividends
  • $13,300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 4.74%Noninterest expense to earning assets
  • -6.58%Net operating income to assets
  • -6.44%Return on assets (ROA)
  • -5.35%Pretax return on assets
  • -94.17%Return on equity (ROE)
  • -94.17%Retained earnings to average equity (YTD only)
  • 6.83%Net charge-offs to loans
  • 109.16%Credit loss provision to net charge-offs
  • -0.20%Efficiency ratio
  • 110,418Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.46%Loss allowance to noncurrent loans
  • 16.47%Noncurrent assets plus other real estate owned to assets
  • 18.57%Noncurrent loans to loans
  • 21.01%Net loans and leases to deposits
  • 65.67%Net loans and leases to core deposits
  • 70.01%Equity capital to assets
  • 2.22%Core capital (leverage) ratio
  • 2.01%Tier 1 risk-based capital ratio
  • 3.14%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $312,668Average earning assets
  • $21,383Average equity
  • $264,788Average loans

List of branches

  • 9 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    41852Sylacauga Branch43 North Broadway Avenue, Sylacauga, AL 35150January 09, 1901Full Service Brick and Mortar
    8361328Payton Branch135 James Patyon Boulevard, Sylacauga, AL 35150July 10, 2000Full Service Brick and Mortar
    9238726Childersburg Branch120 8th Avenue, Childersburg, AL 35044Febuary 04, 1974Full Service Brick and Mortar
    10238729Chelsea Branch16863 Us Highway 280, Chelsea, AL 35043Febuary 12, 1996Full Service Brick and Mortar
    11249550Vincent Branch47-53 North Main Street, Vincent, AL 35178January 14, 2000Full Service Brick and Mortar
    12238068Valley Branch3216 20th Avenue, Valley, AL 36854November 07, 1985Full Service Brick and Mortar
    13360236Auburn Branch1678 South College Street, Auburn, AL 36830May 18, 2001Full Service Brick and Mortar
    15455403Pelham Branch2723 Pelham Parkway, Pelham, AL 35124October 03, 2006Full Service Brick and Mortar
    16492991Administrative Office Branch16863 U. S. Highway 280, Chelsea, AL 35043June 30, 2009Limited Service Administrative
  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010602Frontier Bank401 Vernon Street, Lagrange, GA 30240May 23, 1946Full Service Brick and Mortar

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