Frontier Community Bank

Overview / Commentary

540-932-9100

400 Lew Dewitt Blvd.
Waynesboro, VA 22980

Frontier Community Bank is headquartered in WAYNESBORO and is the 54^th largest bank in the state of Virginia. It is also the 3,392^nd largest bank in the nation. It was established in 2008 and as of March of 2024, it had grown to 19 employees at 3 locations. Frontier Community Bank's money market rates are 7X the national average, and it boasts an A+ health rating.

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Health

A+

Data as of Q1 2024

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Health Grade Components

Overall
FDIC Certificate #	58743
Year Established	2008
Employees	19
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.22%
Return on Equity - YTD	2.13%
Annual Interest Income	$2MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$153.4MM$151.6MM
Loans	Q1 2024vs Q1 2023	$128.8MM$125.4MM
Deposits	Q1 2024vs Q1 2023	$130.4MM$123.9MM
Equity Capital	Q1 2024vs Q1 2023	$15.8MM$15.3MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$881K$1.2MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$0$0
Real Estate Owned	Q1 2024vs Q1 2023	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Frontier Community Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$0	-	Personal Savings
0.50%^*	$25k^*	-	Business Savings
OTHER TIERS: 0.35% → $0 - $25k
0.50%	$0	-	HSA Checking
0.50%^*	$0	-	VAUTMA Savings
OTHER TIERS: 0.35% → $1k - $5k
0.50%	$0	-	Gold Rush Savings

Frontier Community Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.90%^*	$250k^*	-	Personal Money Market
OTHER TIERS: 0.25% → $0 - $1.5k \| 0.75% → $1.5k - $25k \| 1.25% → $25k - $250k
2.90%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.25% → $0 - $2.5k \| 0.75% → $2.5k - $50k \| 1.25% → $50k - $250k

Frontier Community Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.44%^*	$1.5k^*	$15k	Five Star Checking
OTHER TIERS: 0.05% → $0 - $1.5k \| 0.25% → $15k+
3.44%^*	$5k^*	$25k	Senior Select Checking
OTHER TIERS: 0.05% → $0 - $5k \| 0.25% → $25k+
1.88%^*	$250k^*	-	Community Matters
OTHER TIERS: 0.05% → $0 - $1.5k \| 0.50% → $1.5k - $50k \| 1.00% → $50k - $250k
0.50%	$1.5k	-	Preferred Checking

Frontier Community Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.20%	$10k	-	6 Month Relationship CD
5.20%	$10k	-	Business 6 Month Relationship CD
4.95%	$10k	-	6 Month CD
4.95%	$10k	-	Business 6 Month CD
3.79%	$1k	-	15 Month Relationship No Penalty CD
3.79%	$1k	-	Business 15 Month Relationship No Penalty CD
3.54%	$1k	-	15 Month No Penalty CD
3.54%	$1k	-	Business 15 Month No Penalty CD
3.00%	$1k	-	12 Month Relationship CD
3.00%	$1k	-	Business 12 Month Relationship CD
2.75%	$1k	-	12 Month CD
2.75%	$1k	-	18 Month Relationship CD
2.75%	$1k	-	24 Month Bump up Relationship CD
2.75%	$1k	-	Business 12 Month CD
2.75%	$1k	-	Business 18 Month Relationship CD
2.75%	$1k	-	Business 24 Month Bump up Relationship CD
2.55%	$1k	-	30 Month Relationship CD
2.55%	$1k	-	Business 30 Month Relationship CD
2.50%	$1k	-	18 Month CD
2.50%	$1k	-	24 Month Bump up CD
2.50%	$1k	-	Business 18 Month CD
2.50%	$1k	-	Business 24 Month Bump up CD
2.30%	$1k	-	30 Month CD
2.30%	$1k	-	Business 30 Month CD
2.25%	$1k	-	36 Month Relationship CD
2.25%	$1k	-	Business 36 Month Relationship CD
2.05%	$1k	-	60 Month Relationship CD
2.05%	$1k	-	72 Month Relationship CD
2.05%	$1k	-	66 Month Relationship CD
2.05%	$1k	-	48 Month Bump up Relationship CD
2.05%	$1k	-	Business 48 Month Bump up Relationship CD
2.05%	$1k	-	Business 60 Month Relationship CD
2.05%	$1k	-	Business 66 Month Relationship CD
2.05%	$1k	-	Business 72 Month Relationship CD
2.00%	$1k	-	36 Month CD
2.00%	$1k	-	Business 36 Month CD
1.80%	$1k	-	60 Month CD
1.80%	$1k	-	66 Month CD
1.80%	$1k	-	72 Month CD
1.80%	$1k	-	48 Month Bump up CD
1.80%	$1k	-	Business 48 Month Bump up CD
1.80%	$1k	-	Business 60 Month CD
1.80%	$1k	-	Business 66 Month CD
1.80%	$1k	-	Business 72 Month CD

Frontier Community Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.20%	$10k	-	6 Month Relationship IRA
4.95%	$10k	-	6 Month IRA
3.79%	$1k	-	15 Month Relationship No Penalty IRA
3.54%	$1k	-	15 Month No Penalty IRA
3.00%	$1k	-	12 Month Relationship IRA
2.75%	$1k	-	12 Month IRA
2.75%	$1k	-	18 Month Relationship IRA
2.75%	$1k	-	24 Month Bump up Relationship IRA
2.55%	$1k	-	30 Month Relationship IRA
2.50%	$1k	-	18 Month IRA
2.50%	$1k	-	24 Month Bump up IRA
2.30%	$1k	-	30 Month IRA
2.25%	$1k	-	36 Month Relationship IRA
2.05%	$1k	-	60 Month Relationship IRA
2.05%	$1k	-	72 Month Relationship IRA
2.05%	$1k	-	66 Month Relationship IRA
2.05%	$1k	-	48 Month Bump up Relationship IRA
2.00%	$1k	-	36 Month IRA
1.80%	$1k	-	60 Month IRA
1.80%	$1k	-	66 Month IRA
1.80%	$1k	-	72 Month IRA
1.80%	$1k	-	48 Month Bump up IRA

Locations

Frontier Community Bank Locations
Frontier Community Bank	400 Lew Dewitt Blvd	Waynesboro, VA 22980
Staunton Branch	1013 Richmond Ave	Staunton, VA 24401
Lynchburg Branch	6000 Boonsboro Rd	Lynchburg, VA 24503

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