Frontier National Bank in Sylacauga, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 2002

  • Frontier National Bank in Sylacauga, Alabama (AL)
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Frontier National Bank - Overview

  • General
  • FDIC Certificate #: 2831
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frontier Bank (#16431)
    Federal Reserve ID: 255136
    Date Established: January 09, 1901
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    OTS Docket #: 11838
    FDIC's unique #: 1852
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 16, 2002
    Last Structure Change Process Date: January 03, 2003
    Last Data Update: January 03, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 43 North Broadway Avenue, Sylacauga, AL 35150
    County: Talladega
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Talladega-Sylacauga, AL (#45180)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $283.8 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, 2001)

  • Dollar figures in thousands
  • 99Total employees (full-time equivalent)
  • $182,774Total assets
  • $6,460Cash and due from depository institutions
  • $90Interest-bearing balances
  • $23,942Securities
  • $6,296Federal funds sold & reverse repurchase agreements
  • $129,581Net loans & leases
  • $1,600Loan loss allowance
  • $0Trading account assets
  • $7,095Bank premises and fixed assets
  • $81Other real estate owned
  • $1,963Goodwill and other intangibles
  • $0Life insurance assets
  • $7,356All other assets
  • $182,774Total liabilities and capital
  • $167,340Total liabilities
  • $143,668Total deposits
  • $120,802Interest-bearing deposits
  • $143,668Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $21,627Other borrowed funds
  • $0Subordinated debt
  • $2,045All other liabilities
  • $15,434Total equity capital
  • $15,434Total bank equity capital
  • $15,434Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $8,662Undivided profits
  • Memoranda
  • $6,622Noncurrent loans and leases
  • $19,781Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,081Earning assets
  • $0Long-term assets (5+ years)
  • $1,300Average Assets, year-to-date
  • $159,909Average Assets, quarterly
  • $23,351Volatile liabilities
  • $160,917Insider loans
  • $182,241FHLB advances
  • $29,352Loans and leases held for sale
  • $3,257Unused loan commitments
  • $21,592Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,781Total unused commitments
  • $42Restructured Loans and leases
  • $1,600Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $11,779Total interest income
  • $5,854Total interest expense
  • $5,925Net interest income
  • $167Provision for loan and lease losses
  • $2,385Total noninterest income
  • $0Fiduciary activities
  • $814Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,571Additional noninterest income
  • $5,379Total noninterest expense
  • $2,971Salaries and employee benefits
  • $728Premises and equipment expense
  • $1,680Additional noninterest expense
  • $2,764Pre-tax net operating income
  • $250Securities gains (losses)
  • $893Applicable income taxes
  • $2,121Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,121Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $75Sale, conversion, retirement of capital stock, net
  • $2,003Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.27%Yield on earning assets
  • 4.11%Cost of funding earning assets
  • 4.16%Net interest margin
  • 1.67%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 15.14%Return on equity (ROE)
  • 0.84%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 222.67%Credit loss provision to net charge-offs
  • 39.08%Efficiency ratio
  • 63,201Assets per employee
  • 1.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.44%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 76.89%Noncurrent assets plus other real estate owned to assets
  • 1.18%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 90.19%Net loans and leases to core deposits
  • 113.35%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 7.53%Tier 1 risk-based capital ratio
  • 9.54%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $160,917Average earning assets
  • $14,010Average equity
  • $142,392Average loans

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