Cornerstone Bank, FSB in Mission Viejo, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 1994

  • Cornerstone Bank, FSB in Mission Viejo, California (CA)
  • Show street view No street view available for this location

Cornerstone Bank, FSB - Overview

  • General
  • FDIC Certificate #: 32374
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: California Federal Bank (#30278)
    Federal Reserve ID: 229771
    Date Established: August 22, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8198
    FDIC's unique #: 45208
    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: August 22, 1985
    Last Structure Change Effective Date: December 16, 1994
    Last Structure Change Process Date: December 28, 1994
    Last Data Update: May 14, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 27405 Puerta Real, Suite 100, Mission Viejo, CA 92691
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $44.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $9Total assets
  • $48,462Cash and due from depository institutions
  • $2,097Interest-bearing balances
  • $109Securities
  • $2,477Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $41,865Loan loss allowance
  • $1,300Trading account assets
  • $0Bank premises and fixed assets
  • $121Other real estate owned
  • $894Goodwill and other intangibles
  • $1,008Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $48,462Total liabilities
  • $45,933Total deposits
  • $40,845Interest-bearing deposits
  • $39,994Deposits held in domestic offices
  • 40845.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,000Subordinated debt
  • $0All other liabilities
  • $88Total equity capital
  • $88Total bank equity capital
  • $2,529Perpetual preferred stock
  • $0Common stock
  • $4,324Surplus
  • $19Undivided profits
  • Memoranda
  • $-1,814Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,649Income earned, not collected on loans
  • $264Earning assets
  • $44,451Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $52,650Average Assets, quarterly
  • $50,131Volatile liabilities
  • $6,002Insider loans
  • $0FHLB advances
  • $5,000Loans and leases held for sale
  • $0Unused loan commitments
  • $29Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,529Total risk weighted assets
  • $37,534Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,330Total interest expense
  • $1,856Net interest income
  • $1,474Provision for loan and lease losses
  • $492Total noninterest income
  • $78Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $78Total noninterest expense
  • $2,725Salaries and employee benefits
  • $606Premises and equipment expense
  • $296Additional noninterest expense
  • $1,823Pre-tax net operating income
  • -$1,665Securities gains (losses)
  • $0Applicable income taxes
  • $33Income before extraordinary items
  • -$1,698Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,698Net charge-offs
  • $15Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.87%Cost of funding earning assets
  • 3.83%Net interest margin
  • 3.04%Noninterest income to earning assets
  • 0.16%Noninterest expense to earning assets
  • 5.62%Net operating income to assets
  • -3.23%Return on assets (ROA)
  • -3.23%Pretax return on assets
  • -3.16%Return on equity (ROE)
  • -62.26%Retained earnings to average equity (YTD only)
  • -62.26%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 3280.00%Efficiency ratio
  • 175,580Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.01%Loss allowance to noncurrent loans
  • 19.55%Noncurrent assets plus other real estate owned to assets
  • 15.56%Noncurrent loans to loans
  • 15.40%Net loans and leases to deposits
  • 102.50%Net loans and leases to core deposits
  • 105.07%Equity capital to assets
  • 5.22%Core capital (leverage) ratio
  • 5.22%Tier 1 risk-based capital ratio
  • 6.74%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $52,650Average earning assets
  • $2,727Average equity
  • $48,474Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cornerstone Bank, FSB.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents