Frontier Community Bank in Waynesboro, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Frontier Community Bank - Overview

  • General
  • FDIC Certificate #: 58743
    Status: Active
    Federal Reserve ID: 3627109
    Date Established: Febuary 06, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 465741
    Numeric code: 13
    Regulator: FED
    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: Febuary 06, 2008
    Last Structure Change Effective Date: April 09, 2009
    Last Structure Change Process Date: August 04, 2010
    Last Data Update: August 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Lou Dewitt Boulevard, Waynesboro, VA 22980
    County: Waynesboro City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Staunton-Waynesboro, VA (#44420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $79.8 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $71.9 mil
    Return on assets (ROA): 0.40% ($0.3 mil)
    Quarterly return on assets: 0.45% ($0.4 mil)
    Return on Equity (ROE): 3.94% ($0.3 mil)
    Quarterly return on equity: 4.50% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.40% ($319.1 mil)
    Quarterly Pretax return on assets: 0.45% ($359.0 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
  • 13Total employees (full-time equivalent)
  • $79,767Total assets
  • $8,852Cash and due from depository institutions
  • $7,533Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,065Net loans & leases
  • $990Loan loss allowance
  • $0Trading account assets
  • $3,039Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $79,767Life insurance assets
  • $811All other assets
  • $72,070Total liabilities and capital
  • $71,925Total liabilities
  • $67,770Total deposits
  • $71,925Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $145Subordinated debt
  • $7,697All other liabilities
  • $7,697Total equity capital
  • $7,697Total bank equity capital
  • $0Perpetual preferred stock
  • $5,299Common stock
  • $5,706Surplus
  • $-3,308Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $176Long-term assets (5+ years)
  • $74,598Average Assets, year-to-date
  • $39,081Average Assets, quarterly
  • $74,203Volatile liabilities
  • $77,263Insider loans
  • $65,059FHLB advances
  • $78,427Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,697Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,172Restructured Loans and leases
  • $2,250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,711Total interest income
  • $1,423Total interest expense
  • $2,288Net interest income
  • $112Provision for loan and lease losses
  • $47Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $39Additional noninterest income
  • $1,928Total noninterest expense
  • $951Salaries and employee benefits
  • $219Premises and equipment expense
  • $758Additional noninterest expense
  • $295Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $295Income before extraordinary items
  • $0Extraordinary gains - net
  • $295Net income attributable to bank
  • $0Net charge-offs
  • $295Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 2.05%Cost of funding earning assets
  • 3.30%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 3.94%Return on equity (ROE)
  • 3.94%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,570Assets per employee
  • 6.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 93.24%Net loans and leases to core deposits
  • 97.01%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 11.83%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $74,203Average earning assets
  • $7,492Average equity
  • $69,272Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0465741Frontier Community Bank400 Lou Dewitt Boulevard, Waynesboro, VA 22980Febuary 06, 2008Full Service Brick and Mortar

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Frontier Community Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents