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Frontier Bank, Federal Savings Bank

Palm Desert, CA · Cert 34738

FDIC · 2 branches

Q3 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2014, the quarter ended September 30, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Frontier Bank, Federal Savings Bank

Palm Desert, CA · Cert 34738

FDIC · 2 branches

Q3 2014

$80.7MAssets
$48.1MLoans
$76.3MDeposits
$1.7MEquity
Loan mix
96%RE $37.4M3%C&I $1.1M1%Consumer $0.3MQ3 2013Q3 2014
Deposit mix
72%Interest-bearing $55.3M28%Noninterest $21.0MQ3 2013Q3 2014

NIM

3.83%Q3 ’123.32%Q3 ’133.65%Q3 ’14-8%+13%

Non-interest income vs. expense

4.81%Q3 ’124.39%Q3 ’139.09%Q3 ’14-2%+101%

Market Position · Riverside-San Bernardino-Ontario, CA · 2014 SOD (annual) · 0.2% share · #30 of 51 inst. · $0.1B of $39.8B

Executive Summary

  • Earnings: ROA of -3.90%, down 280 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.56%.
  • Funding: loans stand at 63.01% of deposits as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

-3.90%-280 bps YoY

Net Interest Margin (YTD, annualized)

3.22%+37 bps YoY

Efficiency Ratio (YTD, annualized)

249%+9,818 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets-1.11%-0.43%-3.34%-6.14%-3.90%-280 bps
Return on Equity-46.03%-16.29%-81.02%-181.95%-126.22%-8,019 bps
Net Interest Margin2.84%3.61%3.17%2.88%3.22%+37 bps
Efficiency Ratio150.44%133.69%193.48%288%249%+9,818 bps
Non-Interest Burden4.31%5.20%6.57%8.98%8.65%+434 bps
Growth
Asset Growth (YoY)-33.49%-50.36%-49.39%-49.57%-50.82%-1,732 bps
Loan Growth (YoY)-37.68%-51.31%-51.98%-49.47%-45.65%-797 bps
Deposit Growth (YoY)-28.14%-50.66%-50.78%-49.98%-51.60%-2,346 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%2.08%0.19%0.70%0.56%+54 bps
Allowance / Loans5.84%5.40%5.77%5.86%4.34%-150 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital5.93%9.34%8.41%4.51%5.03%-89 bps
Equity / Assets2.14%4.49%3.75%1.74%2.13%-1 bps
Liquidity & Funding
Loans / Deposits56.11%64.99%60.88%60.58%63.01%+689 bps
Liquid Assets / Assets32.59%18.77%22.27%22.36%19.63%-1,296 bps
CRE / Total Capitaln/an/an/an/an/an/an/a