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Overview / Commentary
200 South Main
Lamar, CO 81052

Frontier Bank (CO) is headquartered in Lamar and is the 28th largest bank in the state of Colorado. It is also the 2,407th largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 60 employees at 8 locations. Frontier Bank (CO) has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Frontier Bank (CO) had $1.47 million in non-current loans and owned real-estate with $33.74 million in equity and loan loss allowances on hand to cover it. This gives Frontier Bank (CO) a Texas Ratio of 4.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Frontier Bank (CO) decreased slightly from 5.38% as of December 31, 2012 to 4.34% as of December 31, 2013, resulting in a positive change of 19.21%.This indicates that the balance sheet and financial strength for Frontier Bank (CO) has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Frontier Bank (CO) has increased its total deposits by $39.97 million, resulting in 20.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Frontier Bank (CO) has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Frontier Bank (CO) has $264.95 million in assets with $33.74 million in equity, resulting in a capitalization level of 12.74%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #14730
Year Established1934
Employees60
Primary RegulatorFDIC
Assets and Liabilities
Assets$264.95 million
Loans$137.51 million
Deposits$233.48 million
Equity Capital$30.99 million
Loan Loss Allowance$2.76 million
Unbacked Noncurrent Loans$641,000
Real Estate Owned$825,000
Historic Data - December 2012
Assets$221.71 million
Equity Capital$27.89 million
Loan Loss Allowance$2.50 million
Unbacked Noncurrent Loans$641,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets1.37%
Return on Equity11.53%
Interest Income$8.70 million
Rates

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Locations


Frontier Bank (CO) Locations
Burlington Branch107 South 14th StreetBurlington, CO 80807
Alamosa Branch1307 Main Street, Unit DAlamosa, CO 81101
Pueblo West Branch18 East Spaulding AvenuePueblo West, CO 81007
Frontier Bank200 South MainLamar, CO 81052
Motor Bank Branch400 South Main StreetLamar, CO 81052
Pueblo Branch4115 Outlook BlvdPueblo, CO 81008
Springfield Branch808 Main StreetSpringfield, CO 81073