Frontier Bank, FSB in Park City, Utah (UT), CA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Frontier Bank, FSB in Park City, Utah (UT), CA
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Frontier Bank, FSB - Overview

  • General
  • FDIC Certificate #: 34738
    Status: Active
    Federal Reserve ID: 2704740
    Date Established: June 08, 1998
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    OTS Docket #: 14979
    FDIC's unique #: 61422
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 08, 1998
    Last Structure Change Effective Date: November 02, 2011
    Last Structure Change Process Date: December 02, 2011
    Last Data Update: December 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1630 Shortline Road, Park City, UT 84060
    County: Summit
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620)
    CBSA Metro Statistical Area: Salt Lake City, UT (#41620)
  • Financial Summary
  • Total assets: $261.3 mil
    Equity capital: $9.1 mil
    Deposits held in domestic offices: $226.3 mil
    Return on assets (ROA): -2.85% (-$7.4 mil)
    Quarterly return on assets: -8.28% (-$21.6 mil)
    Return on Equity (ROE): -57.23% (-$5.2 mil)
    Quarterly return on equity: -188.49% (-$17.0 mil)
    Net income: -$8.2 mil
    Quarterly Net income: -$5.6 mil
    Pretax return on assets: -2.84% (-$7,421.7 mil)
    Quarterly Pretax return on assets: -8.28% (-$21,638.0 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
  • 63Total employees (full-time equivalent)
  • $261,329Total assets
  • $3,504Cash and due from depository institutions
  • $2,216Interest-bearing balances
  • $39,786Securities
  • $20,765Federal funds sold & reverse repurchase agreements
  • $175,241Net loans & leases
  • $5,499Loan loss allowance
  • $0Trading account assets
  • $12,457Bank premises and fixed assets
  • $4,381Other real estate owned
  • $276Goodwill and other intangibles
  • $261,329Life insurance assets
  • $4,919All other assets
  • $252,204Total liabilities and capital
  • $226,259Total liabilities
  • $218,499Total deposits
  • $226,259Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $945Subordinated debt
  • $9,125All other liabilities
  • $9,125Total equity capital
  • $9,125Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $22,878Surplus
  • $-13,753Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,125Income earned, not collected on loans
  • $0Earning assets
  • $838Long-term assets (5+ years)
  • $238,008Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $286,822Volatile liabilities
  • $271,216Insider loans
  • $165,263FHLB advances
  • $261,001Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,797Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,355Restructured Loans and leases
  • $3,764Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,867Total interest income
  • $2,461Total interest expense
  • $10,406Net interest income
  • $5,400Provision for loan and lease losses
  • $822Total noninterest income
  • $0Fiduciary activities
  • $363Service charges on deposit accounts
  • -$62Trading account gains & fees
  • $521Additional noninterest income
  • $14,037Total noninterest expense
  • $5,471Salaries and employee benefits
  • $2,680Premises and equipment expense
  • $5,886Additional noninterest expense
  • -$8,209Pre-tax net operating income
  • $55Securities gains (losses)
  • $22Applicable income taxes
  • -$8,176Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,176Net income attributable to bank
  • $0Net charge-offs
  • -$8,176Cash dividends
  • $4,530Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 5.38%Noninterest expense to earning assets
  • -2.87%Net operating income to assets
  • -2.85%Return on assets (ROA)
  • -2.84%Pretax return on assets
  • -57.23%Return on equity (ROE)
  • -57.23%Retained earnings to average equity (YTD only)
  • 2.18%Net charge-offs to loans
  • 119.21%Credit loss provision to net charge-offs
  • -0.62%Efficiency ratio
  • 123,192Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.04%Loss allowance to noncurrent loans
  • 36.36%Noncurrent assets plus other real estate owned to assets
  • 7.46%Noncurrent loans to loans
  • 8.37%Net loans and leases to deposits
  • 77.45%Net loans and leases to core deposits
  • 85.70%Equity capital to assets
  • 3.49%Core capital (leverage) ratio
  • 3.37%Tier 1 risk-based capital ratio
  • 5.32%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $286,822Average earning assets
  • $14,285Average equity
  • $260,898Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4495944Washington Street Branch39580 Washington St, Palm Desert, CA 92211November 13, 2006Full Service Brick and Mortar
    5495945Monterey Avenue Branch40101 Monterey Avenue, Rancho Mirage, CA 92270June 01, 2007Full Service Brick and Mortar
  • 3 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061422Frontier Bank, Fsb1630 Shortline Road, Park City, UT 84060June 08, 1998Full Service Brick and Mortar
    1364427Park City Branch1630 Shortline Road, Park City, UT 84060Febuary 05, 2001Full Service Brick and Mortar
    2464168Sandy Office7525 South Union Park Ave, Midvale, UT 84047May 01, 2004Full Service Brick and Mortar

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