FDIC Certificate #: 27691 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wesbanco Bank, Inc. (#803) Federal Reserve ID: 868675 Date Established: January 01, 1935 WWW:http://www.cornerstone-online.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 124 FDIC's unique #: 40525 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 11, 1935 Last Structure Change Effective Date: September 01, 2004 Last Structure Change Process Date: September 27, 2004 Last Data Update: September 27, 2004 Data Source Date: April 05, 2012
Location
Address: 28 East Main Street, Springfield, OH 45501 County: Clark Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Dayton-Springfield, OH (#2000) Combined Statistical Area (CSA): Dayton-Springfield-Greenville, OH (#212) Core Based Statistical Area (CBSA): Springfield, OH (#44220) CBSA Metro Statistical Area: Springfield, OH (#44220)
Financial Summary
Total assets: $410.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2003)
Dollar figures in thousands
80Total employees (full-time equivalent)
$399,481Total assets
$6,843Cash and due from depository institutions
$1,295Interest-bearing balances
$32,735Securities
$0Federal funds sold & reverse repurchase agreements
$334,471Net loans & leases
$1,792Loan loss allowance
$0Trading account assets
$4,192Bank premises and fixed assets
$323Other real estate owned
$304Goodwill and other intangibles
$0Life insurance assets
$20,613All other assets
$399,481Total liabilities and capital
$358,202Total liabilities
$252,081Total deposits
$252,081Interest-bearing deposits
$252,081Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$103,592Other borrowed funds
$0Subordinated debt
$2,529All other liabilities
$41,279Total equity capital
$41,279Total bank equity capital
$41,279Perpetual preferred stock
$0Common stock
$26Surplus
$40,329Undivided profits
Memoranda
$924Noncurrent loans and leases
$34,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,419Earning assets
$0Long-term assets (5+ years)
$1,756Average Assets, year-to-date
$368,501Average Assets, quarterly
$0Volatile liabilities
$365,990Insider loans
$387,867FHLB advances
$188,644Loans and leases held for sale
$5,658Unused loan commitments
$103,473Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$34,736Total unused commitments
$0Restructured Loans and leases
$1,792Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$18,230Total interest income
$9,181Total interest expense
$9,049Net interest income
$286Provision for loan and lease losses
$3,378Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,378Additional noninterest income
$8,700Total noninterest expense
$4,453Salaries and employee benefits
$1,401Premises and equipment expense
$2,846Additional noninterest expense
$3,441Pre-tax net operating income
$600Securities gains (losses)
$1,202Applicable income taxes
$2,839Income before extraordinary items
$0Extraordinary gains - net
$2,839Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$157Sale, conversion, retirement of capital stock, net
$1,100Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.43%Yield on earning assets
2.73%Cost of funding earning assets
2.69%Net interest margin
1.01%Noninterest income to earning assets
2.59%Noninterest expense to earning assets
0.66%Net operating income to assets
0.78%Return on assets (ROA)
1.10%Pretax return on assets
6.87%Return on equity (ROE)
4.21%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
182.17%Credit loss provision to net charge-offs
23.74%Efficiency ratio
70,009Assets per employee
4.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.75%Loss allowance to loans
0.53%Loss allowance to noncurrent loans
126.29%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.42%Net loans and leases to deposits
132.68%Net loans and leases to core deposits
200.25%Equity capital to assets
10.33%Core capital (leverage) ratio
10.34%Tier 1 risk-based capital ratio
14.05%Total risk-based capital ratio
Memoranda
$15Average assets
$365,990Average earning assets
$41,336Average equity
$335,868Average loans
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