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Overview / Commentary
101 West Main Street
West Union, WV 26456

Cornerstone Bank, Inc. is headquartered in West Union and is the 40th largest bank in the state of West Virginia. It is also the 3,937th largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 27 employees at 3 locations. Cornerstone Bank, Inc. has a A+ health rating.

Reviews (1)


I was unknowingly charged overdraft fees twice, once that I didn't catch and most recently called it to their attention. When confronted about the overdraft protection I signed up for when I opened the account over two years ago, they said they had no record of this and there was nothing they could do. Total of 200+ dollars lost in overdraft fees!


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Cornerstone Bank, Inc. had $196,000 in non-current loans and owned real-estate with $14.01 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Bank, Inc. a Texas Ratio of 1.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Cornerstone Bank, Inc. decreased dramatically from 2.64% as of March 31, 2013 to 1.40% as of March 31, 2014, resulting in a positive change of 47.01%.This indicates that the balance sheet and financial strength for Cornerstone Bank, Inc. has improved dramatically in recent periods.

Deposit Growth


In the past year, Cornerstone Bank, Inc. has increased its total deposits by $29.83 million, resulting in 32.06% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cornerstone Bank, Inc. has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cornerstone Bank, Inc. has $137.55 million in assets with $14.01 million in equity, resulting in a capitalization level of 10.19%, which is above average.

Institution Statistics

FDIC Certificate #10045
Year Established1934
Primary RegulatorFDIC
Assets and Liabilities
Assets$137.55 million
Loans$30.31 million
Deposits$122.89 million
Equity Capital$13.70 million
Loan Loss Allowance$314,000
Unbacked Noncurrent Loans$196,000
Real Estate Owned$0
Historic Data - March 2013
Assets$109.86 million
Equity Capital$15.52 million
Loan Loss Allowance$318,000
Unbacked Noncurrent Loans$196,000
Real Estate Owned$165,000
Profit Margin - Quarterly
Net Interest Margin2.62%
Return on Assets0.75%
Return on Equity7.51%
Interest Income$955,000

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Cornerstone Bank, Inc. Locations
Cornerstone Bank, Inc.101 West Main StreetWest Union, WV 26456
Salem Branch150 West Main StreetSalem, WV 26426
Pennsboro Branch4377 Lamberton RoadPennsboro, WV 26415