Front Range Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 34401
Address
13013 West Alameda Parkway, Lakewood, CO 80228
FDIC Unique Number 57164
Federal Reserve ID 2515320
Federal Reserve ID for Bank Holding Company 3559198
OCC Charter Number 0
OTS Docket Number 17324
MSA Denver, CO
County Jefferson
Website http://WWW.FRONTRANGEBANK.COM
Established On 05/13/1997
Insured On 05/13/1997
Holding Company Frb Bancshares, Inc.
Regulator Federal Deposit Insurance Corporation
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 3
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Merge BIF and SAIF Funds into DIF

Financial Snapshot

USD, Thousands
Total Assets 283,330
Total Deposits 227,758
Domestic Deposits 227,758
Bank Equity Capital 28,587
Year to Date Quarterly
Net Income USD, 000 895 148
Return on Assets 0.45% 0.21%
Return on Equity 4.22% 2.1%
Pre-Tax Return on Assets 0.44% 0.2%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Front Range Bank has a texas ratio of 30.47 which puts it at low risk. As of 09/30/2015 the bank had $6,876 Non Current Loans and Leases, $2,147 Other Real Estate Owned, $28,587 Total Equity Capital and $1,026 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $6,876 $2,147 $28,587 $1,026 30.47
06/30/2015 $7,605 $616 $27,905 $952 28.49
03/31/2015 $4,993 $616 $28,828 $1,118 18.73
12/31/2014 $3,512 $616 $27,912 $1,098 14.23
09/30/2014 $3,741 $616 $18,049 $1,121 22.73
06/30/2014 $4,245 $616 $17,868 $1,132 25.58
03/31/2014 $2,904 $623 $16,956 $1,063 19.57
12/31/2013 $3,124 $623 $14,841 $1,005 23.65
09/30/2013 $3,752 $672 $15,391 $1,057 26.9
06/30/2013 $6,890 $672 $14,652 $957 48.45
03/31/2013 $6,896 $672 $16,219 $907 44.19
12/31/2012 $747 $672 $16,416 $945 8.17
09/30/2012 $2,923 $713 $16,296 $942 21.09
06/30/2012 $3,229 $733 $15,273 $964 24.4
03/31/2012 $2,677 $2,721 $14,819 $1,300 33.49
12/31/2011 $2,178 $3,092 $14,880 $1,028 33.13
09/30/2011 $2,653 $2,870 $14,618 $506 36.52
06/30/2011 $2,004 $2,885 $14,307 $421 33.2
03/31/2011 $2,440 $6,153 $14,180 $280 59.43
12/31/2010 $4,634 $3,172 $13,223 $0 59.03
09/30/2010 $5,907 $1,622 $10,163 $3,135 56.62
06/30/2010 $6,397 $3,426 $10,458 $3,068 72.62
03/31/2010 $7,573 $3,374 $10,857 $2,863 79.79
12/31/2009 $7,357 $3,888 $11,011 $2,704 81.99
09/30/2009 $5,118 $4,381 $12,814 $2,216 63.2
06/30/2009 $7,922 $2,054 $12,564 $1,865 69.14
03/31/2009 $3,012 $744 $9,495 $1,467 34.26

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 39 42 39 36 37 Chart
Total Assets 283,330 274,989 270,582 238,987 208,137 Chart
Cash & Balances due from depository institutions 5,184 4,818 4,799 4,370 3,841 Chart
Interest-bearing balances 4,417 4,309 4,202 3,777 3,272 Chart
Securities 105,654 108,003 110,808 103,443 87,244 Chart
Federal funds sold and reverse repurchase 1,600 0 0 0 0 Chart
Net loans and leases 151,930 143,485 137,831 121,312 108,102 Chart
Loan loss allowance 1,026 952 1,118 1,098 1,121 Chart
Trading account assets 97 43 86 49 13 Chart
Bank premises and fixed assets 3,712 4,946 4,472 4,444 4,500 Chart
Other real estate owned 2,147 616 616 616 616 Chart
Goodwill and other intangibles 78 90 101 112 130 Chart
All other assets 12,928 12,988 11,869 4,641 3,691 Chart
Total Liabilities and Capital 283,330 274,990 270,582 238,986 208,137 Chart
Total Liabilities 254,743 247,085 241,754 211,074 190,088 Chart
Total deposits 227,758 197,373 192,579 166,247 163,632 Chart
Interest-bearing deposits 111,993 116,995 127,332 99,514 102,741 Chart
Deposits held in domestic offices 227,758 197,373 192,579 166,247 163,632 Chart
% insured (estimated) 60% 70% 65% 71% 71% Chart
Federal funds purchased and repurchase agreements 0 1,650 5,550 0 0 Chart
Trading liabilities 97 43 86 49 13 Chart
Other borrowed funds 26,205 47,564 43,014 44,156 26,139 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 683 455 525 622 304 Chart
Total equity capital 28,587 27,905 28,828 27,912 18,049 Chart
Bank equity capital 28,587 27,905 28,828 27,912 18,049 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 563 563 563 563 563 Chart
Surplus 24,102 24,102 24,102 24,102 14,669 Chart
Undivided profits 3,922 3,240 4,163 3,247 2,817 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 6,876 7,605 4,993 3,512 3,741 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 6,112 5,478 2,467 758 943 Chart
Income earned, not collected on loans 1,687 1,617 1,525 948 861 Chart
Earning assets 263,698 255,840 252,927 228,581 198,631 Chart
Long-term assets (5+ years) 154,503 156,171 158,134 134,441 116,677 Chart
Average total assets 266,972 261,519 254,785 212,102 205,381 Chart
Average assets, quarterly 279,160 272,786 254,785 223,562 208,432 Chart
Total risk weighted assets adjusted 183,205 175,752 162,321 144,831 126,250 Chart
Adjusted average assets for leverage capital purposes 275,017 294,186 251,458 216,231 204,577 Chart
Life insurance assets 6,617 6,573 6,529 0 0 Chart
General account life insurance assets 6,617 6,573 6,529 0 0 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 5,754 8,342 12,257 3,666 3,875 Chart
Insider loans 2,643 2,674 2,700 2,723 2,536 Chart
FHLB advances 26,205 47,564 43,014 44,156 26,139 Chart
Loans and leases held for sale 4,008 5,674 4,944 1,954 1,290 Chart
Unused loan commitments 50,181 48,427 41,055 42,924 36,405 Chart
Tier one (core) capital 27,187 26,932 27,418 26,422 17,469 Chart
Tier 2 Risk-based capital 1,026 952 1,118 1,098 1,121 Chart
Total unused commitments 50,181 48,427 41,055 42,924 36,405 Chart
Derivatives 4,247 4,292 4,338 4,381 4,425 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 6,625 4,375 2,110 7,455 5,590 Chart
Total interest expense 433 295 139 467 349 Chart
Net interest income 6,192 4,080 1,971 6,988 5,241 Chart
Provision for loan and lease losses -66 -147 0 84 84 Chart
Total noninterest income 664 422 135 384 289 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 235 158 75 254 191 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 429 264 60 130 98 Chart
Total noninterest expense 6,229 4,060 1,758 6,430 4,388 Chart
Salaries and employee benefits 3,317 2,138 1,020 3,419 2,278 Chart
Premises and equipment expense 508 324 179 535 372 Chart
Additional noninterest expense 2,404 1,598 559 2,476 1,738 Chart
Pre-tax net operating income 693 589 348 858 1,058 Chart
Securities gains (losses) 191 155 116 128 87 Chart
Applicable income taxes -11 -3 60 -396 -289 Chart
Income before extraordinary items 895 747 404 1,382 1,434 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 895 747 404 1,382 1,434 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 895 747 404 1,382 1,434 Chart
Net charge-offs 7 -1 -21 -6 -32 Chart
Cash dividends 0 0 0 224 224 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 704 592 303 1,254 1,347 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 105,654 108,003 110,808 103,443 87,244 Chart
U.S. Government securities 39,520 45,078 54,560 58,426 58,318 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 39,520 45,078 54,560 58,426 58,318 Chart
Securities issued by states & political subdivisions 47,446 45,174 38,263 29,685 23,621 Chart
Other domestic debt securities 18,688 17,751 17,985 15,332 5,305 Chart
Privately issued residential mortgage-backed securities 1,611 1,726 2,329 2,208 4,019 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 13 Chart
Asset backed securities 1,218 1,278 1,387 1,725 108 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 15,859 14,747 14,269 11,399 1,165 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 87,462 24,036 25,304 26,007 29,801 Chart
Mortgage-backed securities 41,131 46,804 56,889 60,634 62,350 Chart
Certificates of participation in pools of residential mortgages 12,215 12,469 15,313 15,700 20,575 Chart
Issued or guaranteed by U.S. 12,215 12,469 15,313 15,700 20,575 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 28,916 34,335 39,086 42,383 39,233 Chart
CMOs issued by government agencies or sponsored agencies 27,305 32,609 36,757 40,175 35,214 Chart
Privately issued 1,611 1,726 2,329 2,208 4,019 Chart
Commercial mortgage-backed securities 0 0 2,490 2,551 2,542 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 2,490 2,551 2,542 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 105,654 108,003 110,808 103,443 87,244 Chart
Total debt securities 105,654 108,003 110,810 103,443 87,246 Chart
Structured Notes
Amortized cost 0 0 0 0 0 Chart
Fair value 0 0 0 0 0 Chart
Trading account assets 97 43 86 49 13 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 3.53% 3.56% 3.51% 3.69% 3.81% Chart
Cost of funding earning assets 0.23% 0.24% 0.23% 0.23% 0.24% Chart
Net interest margin 3.30% 3.32% 3.27% 3.46% 3.58% Chart
Noninterest income to average assets 0.33% 0.32% 0.21% 0.18% 0.19% Chart
Noninterest expense to average assets 3.11% 3.10% 2.76% 3.03% 2.85% Chart
Loan and lease loss provision to assets -0.03% -0.11% 0.00% 0.04% 0.05% Chart
Net operating income to assets 0.35% 0.45% 0.48% 0.59% 0.87% Chart
Return on assets (ROA) 0.45% 0.57% 0.63% 0.65% 0.93% Chart
Pretax return on assets 0.44% 0.57% 0.73% 0.46% 0.74% Chart
Return on Equity (ROE) 4.22% 5.30% 5.70% 7.23% 11.29% Chart
Retained earnings to average equity (YTD only) 4.22% 5.30% 5.70% 6.05% 9.53% Chart
Net charge-offs to loans 0.01% 0.00% -0.06% -0.01% -0.04% Chart
Credit loss provision to net charge-offs -942.86% 14700.00% 0.00% -1400.00% -262.50% Chart
Earnings coverage of net charge-offs (x) 89.60% 0.00% 0.00% 0.00% 0.00% Chart
Efficiency ratio 90.36% 89.69% 82.95% 86.25% 78.37% Chart
Assets per employee ($millions) 7.26% 6.55% 6.94% 6.64% 5.63% Chart
Cash dividends to net income (YTD only) 0.00% 0.00% 0.00% 16.21% 15.62% Chart
Condition Ratios (%)
Loss allowance to loans 0.67% 0.66% 0.80% 0.90% 1.03% Chart
Loan loss allowance to noncurrent loans 14.92% 12.52% 22.39% 31.26% 29.97% Chart
Noncurrent assets plus other real estate owned to assets 3.18% 2.99% 2.07% 1.73% 2.09% Chart
Noncurrent loans to loans 4.50% 5.27% 3.59% 2.87% 3.43% Chart
Net loans and leases to total assets 53.62% 52.18% 50.94% 50.76% 51.94% Chart
Net loans and leases to deposits 66.71% 72.70% 71.57% 72.97% 66.06% Chart
Net loans and leases to core deposits 69.88% 77.75% 76.36% 74.95% 69.76% Chart
Total domestic deposits to total assets 80.39% 71.77% 71.17% 69.56% 78.62% Chart
Equity capital to assets 10.09% 10.15% 10.65% 11.68% 8.67% Chart
Core capital (leverage) ratio 9.89% 9.15% 10.90% 12.22% 8.54% Chart
Tier 1 risk-based capital ratio 14.84% 15.32% 16.89% 18.24% 13.84% Chart
Total risk-based capital ratio 15.40% 15.87% 17.58% 19.00% 14.72% Chart
Memoranda
Average total assets 266,972 261,519 254,785 212,102 205,381 Chart
Average earning assets 250,262 245,783 240,754 202,013 195,371 Chart
Average equity 28,308 28,215 28,370 19,125 16,929 Chart
Average loans 139,688 135,265 130,680 109,066 105,730 Chart