Cornerstone Bank in city_name, state_name - Detailed Financial Reports, Location

Cornerstone Bank in Eureka Springs, Arkansas (AR)
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Cornerstone Bank routing number info

Cornerstone Bank - Overview

General
FDIC Certificate #: 5635
Status: Active
Federal Reserve ID: 514048
Bank Holding Company (Regulatory Top Holder): Eureka Bancshares, Inc. (RSSDID: 2941769, Location: Eureka Springs, AR)
Date Established: May 01, 1912
WWW: http://www.cstonebank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 11214
FDIC's unique #: 3840
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 03, 2008
Last Structure Change Process Date: November 05, 2008
Last Data Update: November 05, 2008
Data Source Date: April 05, 2012
Location
Address: 70 South Main Street, Eureka Springs, AR 72632
County: Carroll
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
History of Changes
Name Change
Financial Summary
Total assets: $142.5 mil
Equity capital: $14.7 mil
Deposits held in domestic offices: $119.7 mil
Return on assets (ROA): 1.04% ($1.5 mil)
Quarterly return on assets: 0.88% ($1.2 mil)
Return on Equity (ROE): 10.76% ($1.6 mil)
Quarterly return on equity: 8.68% ($1.3 mil)
Net income: $1.5 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.04% ($1,481.6 mil)
Quarterly Pretax return on assets: 0.88% ($1,253.6 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, 2011)

Dollar figures in thousands
41Total employees (full-time equivalent)
$142,458Total assets
$2,949Cash and due from depository institutions
$121Interest-bearing balances
$39,115Securities
$0Federal funds sold & reverse repurchase agreements
$83,526Net loans & leases
$1,657Loan loss allowance
$0Trading account assets
$7,628Bank premises and fixed assets
$3,486Other real estate owned
$0Goodwill and other intangibles
$142,458Life insurance assets
$5,754All other assets
$127,808Total liabilities and capital
$119,695Total liabilities
$111,843Total deposits
$119,695Interest-bearing deposits
$86Deposits held in domestic offices
1100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,076Trading liabilities
$0Other borrowed funds
$937Subordinated debt
$14,650All other liabilities
$14,650Total equity capital
$14,650Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$2,000Surplus
$12,650Undivided profits
Memoranda
$0Noncurrent loans and leases
$2,127Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$645Income earned, not collected on loans
$0Earning assets
$1,154Long-term assets (5+ years)
$122,762Average Assets, year-to-date
$47,722Average Assets, quarterly
$146,155Volatile liabilities
$143,987Insider loans
$105,586FHLB advances
$141,970Loans and leases held for sale
$3,479Unused loan commitments
$3,479Tier 1 (core) risk-based capital
$14,650Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,214Restructured Loans and leases
$3,282Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,046Total interest income
$1,279Total interest expense
$5,767Net interest income
$480Provision for loan and lease losses
$1,252Total noninterest income
$0Fiduciary activities
$436Service charges on deposit accounts
$0Trading account gains & fees
$816Additional noninterest income
$5,020Total noninterest expense
$2,364Salaries and employee benefits
$1,025Premises and equipment expense
$1,631Additional noninterest expense
$1,519Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,519Income before extraordinary items
$0Extraordinary gains - net
$1,519Net income attributable to bank
$0Net charge-offs
$1,519Cash dividends
$352Sale, conversion, retirement of capital stock, net
$661Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.50%Yield on earning assets
1.00%Cost of funding earning assets
4.50%Net interest margin
0.98%Noninterest income to earning assets
3.92%Noninterest expense to earning assets
1.04%Net operating income to assets
1.04%Return on assets (ROA)
1.04%Pretax return on assets
10.76%Return on equity (ROE)
6.08%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
136.36%Credit loss provision to net charge-offs
5.68%Efficiency ratio
71,520Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.52%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
256.90%Noncurrent assets plus other real estate owned to assets
2.90%Noncurrent loans to loans
0.76%Net loans and leases to deposits
69.78%Net loans and leases to core deposits
82.11%Equity capital to assets
10.28%Core capital (leverage) ratio
10.32%Tier 1 risk-based capital ratio
13.87%Total risk-based capital ratio
Memoranda
$15Average assets
$146,155Average earning assets
$14,111Average equity
$128,042Average loans

List of branches

4 Arkansas Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	3840	Cornerstone Bank	70 South Main Street, Eureka Springs, AR 72632	May 01, 1912	Full Service Brick and Mortar
1	207934	Financial Center	152 East Van Buren, Eureka Springs, AR 72632	December 05, 1980	Full Service Brick and Mortar
2	207935	Holiday Island Branch	1 Parkwood Drive, Holiday Island, AR 72632	April 01, 1985	Full Service Brick and Mortar
5	491480	Berryville Branch	907 W Trimble, Berryville, AR 72616	June 08, 2009	Full Service Brick and Mortar

Cornerstone Bank in Eureka Springs, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cornerstone Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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Cornerstone Bank in Eureka Springs, Arkansas (AR)Overview, Financial Summary, Detailed Financial Reports, Branches

Cornerstone Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Cornerstone Bank in Eureka Springs, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches