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Overview / Commentary
74175 El Paseo Drive
Palm Desert, CA 92260

Frontier Bank, FSB is headquartered in Palm Desert and is the 199th largest bank in the state of California. It is also the 4,987th largest bank in the nation. It was established in 1998 and as of June of 2014, it had grown to 29 employees at 2 locations. Frontier Bank, FSB has a C- health rating.

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Health

Data for Q2 2014

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Frontier Bank, FSB has a relatively low asset base.

Texas Ratio

GRADE:
C-

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Frontier Bank, FSB had $4.13 million in non-current loans and owned real-estate with $5.74 million in equity and loan loss allowances on hand to cover it. This gives Frontier Bank, FSB a Texas Ratio of 71.92% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Frontier Bank, FSB decreased dramatically from 105.60% as of June 30, 2013 to 71.92% as of June 30, 2014, resulting in a positive change of 31.89%.This indicates that the balance sheet and financial strength for Frontier Bank, FSB has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Frontier Bank, FSB has decreased its total deposits by -$82.09 million, resulting in -49.98% 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, FSB has shown is poor.

Capitalization

GRADE:
C-

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, FSB has $87.68 million in assets with $5.74 million in equity, resulting in a capitalization level of 6.55%, which is below average.

Institution Statistics

Overall
FDIC Certificate #34738
Year Established1998
Employees29
Primary RegulatorOCC
Assets and Liabilities
Assets$87.68 million
Loans$46.84 million
Deposits$82.14 million
Equity Capital$2.82 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$3.78 million
Real Estate Owned$349,000
Historic Data - June 2013
Assets$171.24 million
Equity Capital$4.10 million
Loan Loss Allowance$5.62 million
Unbacked Noncurrent Loans$3.78 million
Real Estate Owned$2.35 million
Profit Margin - Quarterly
Return on Assets-3.25%
Return on Equity-84.76%
Interest Income$1.52 million
Rates

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Locations


Frontier Bank, FSB Locations
Washington Street Branch39580 Washington StPalm Desert, CA 92211
Monterey Avenue Branch40101 Monterey AvenueRancho Mirage, CA 92270
Frontier Bank, FSB74175 El Paseo DrivePalm Desert, CA 92260