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


  • Frontier Bank in Rock Rapids, Iowa (IA), SD
  • Show street view No street view available for this location

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
  • NoIDNameAddressEstablishedService TypeMap
    054778Frontier Bank301 First Avenue, Rock Rapids, IA 51246June 24, 1994Full Service Brick and Mortar
    5233944Little Rock Branch323 Main Street, Little Rock, IA 51243November 21, 1935Full Service Brick and Mortar
    6455832George Branch210 E Dakota Ave, George, IA 51237October 10, 2006Full Service Brick and Mortar
  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2290217Sioux Falls Branch3501 W 57th Street, Sioux Falls, SD 57108August 01, 1996Full Service Brick and Mortar

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Frontier 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.
Table of Contents