Frontier Bank, FSB in Park City, Utah (UT), CA
Table of contents:
| Frontier Bank, FSB | |
|---|---|
| General | FDIC Certificate #: 34738 Status: Active Federal Reserve ID: 2704740 Date Established: June 08, 1998 WWW: http://www.frontierbankfsb.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 63 |
| Total assets | $261,329 |
| Cash and due from depository institutions | $3,504 |
| Interest-bearing balances | $2,216 |
| Securities | $39,786 |
| Federal funds sold & reverse repurchase agreements | $20,765 |
| Net loans & leases | $175,241 |
| Loan loss allowance | $5,499 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,457 |
| Other real estate owned | $4,381 |
| Goodwill and other intangibles | $276 |
| All other assets | $4,919 |
| Life insurance assets | $261,329 |
| Total liabilities and capital | $252,204 |
| Total liabilities | $226,259 |
| Total deposits | $218,499 |
| Interest-bearing deposits | $226,259 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $25,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $945 |
| All other liabilities | $9,125 |
| Total equity capital | $9,125 |
| Total bank equity capital | $9,125 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $22,878 |
| Undivided profits | $-13,753 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $15,125 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $838 |
| Average Assets, year-to-date | $238,008 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $286,822 |
| Insider loans | $271,216 |
| FHLB advances | $165,263 |
| Loans and leases held for sale | $261,001 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,797 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $12,355 |
| Derivatives | $3,764 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $12,867 |
| Total interest expense | $2,461 |
| Net interest income | $10,406 |
| Provision for loan and lease losses | $5,400 |
| Total noninterest income | $822 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $363 |
| Trading account gains & fees | -$62 |
| Additional noninterest income | $521 |
| Total noninterest expense | $14,037 |
| Salaries and employee benefits | $5,471 |
| Premises and equipment expense | $2,680 |
| Additional noninterest expense | $5,886 |
| Pre-tax net operating income | -$8,209 |
| Securities gains (losses) | $55 |
| Applicable income taxes | $22 |
| Income before extraordinary items | -$8,176 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$8,176 |
| Net charge-offs | $0 |
| Cash dividends | -$8,176 |
| Sale, conversion, retirement of capital stock, net | $4,530 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.93% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 3.99% |
| Noninterest income to earning assets | 0.32% |
| Noninterest expense to earning assets | 5.38% |
| Net operating income to assets | -2.87% |
| Return on assets (ROA) | -2.85% |
| Pretax return on assets | -2.84% |
| Return on equity (ROE) | -57.23% |
| Retained earnings to average equity (YTD only) | -57.23% |
| Net charge-offs to loans | 2.18% |
| Credit loss provision to net charge-offs | 119.21% |
| Efficiency ratio | -0.62% |
| Assets per employee | $123,192 |
| Cash dividends to net income (YTD only) | 4.15% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.04% |
| Noncurrent assets plus other real estate owned to assets | 36.36% |
| Noncurrent loans to loans | 7.46% |
| Net loans and leases to deposits | 8.37% |
| Net loans and leases to core deposits | 77.45% |
| Equity capital to assets | 85.70% |
| Core capital (leverage) ratio | 3.49% |
| Tier 1 risk-based capital ratio | 3.37% |
| Total risk-based capital ratio | 5.32% |
| Memoranda | |
| Average assets | $7 |
| Average earning assets | $286,822 |
| Average equity | $14,285 |
| Average loans | $260,898 |
| 2 California Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 4 | 495944 | Washington Street Branch | 39580 Washington St, Palm Desert, CA 92211 | November 13, 2006 | Full Service Brick and Mortar |  |
| 5 | 495945 | Monterey Avenue Branch | 40101 Monterey Avenue, Rancho Mirage, CA 92270 | June 01, 2007 | Full Service Brick and Mortar | |
| 3 Utah Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 61422 | Frontier Bank, Fsb | 1630 Shortline Road, Park City, UT 84060 | June 08, 1998 | Full Service Brick and Mortar |  |
| 1 | 364427 | Park City Branch | 1630 Shortline Road, Park City, UT 84060 | Febuary 05, 2001 | Full Service Brick and Mortar | |
| 2 | 464168 | Sandy Office | 7525 South Union Park Ave, Midvale, UT 84047 | May 01, 2004 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.