Cornerstone Bank (OK)

Cornerstone Bank (OK) Locations
115 West A Street
Watonga, OK 73772
www.bankoncornerstone.com

Cornerstone Bank (OK) is headquartered in Watonga and is the 112st largest bank in the state of Oklahoma. It is also the 4,258th largest bank in the nation. It was established in 1928 and as of March of 2012, it had grown to 39 employees at 3 locations. Cornerstone Bank (OK) has a 5-star health rating.

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Data for Q1 2012


Institution Statistics


Cornerstone Bank
FDIC Certificate #2318
BankRate ReportView
Year Established1928
Employees39
Primary RegulatorFDIC

Assets and Liabilities

Assets$129.58 million
Loans$44.25 million
Deposits$116.98 million
Equity Capital$9.94 million
Loan Loss Allowance$820,000
Unbacked Noncurrent Loans$478,000

Historic Data - March 2011

Assets$120.90 million
Equity Capital$9.04 million
Loan Loss Allowance$808,000
Unbacked Noncurrent Loans$575,000

Profit Margin - Quarterly

Net Interest Margin3.56%
Return on Assets0.78%
Return on Equity10.12%
Interest Income$1.21 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Cornerstone Bank (OK) had $478,000 in non-current loans and owned real-estate with $10.76 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Bank (OK) a Texas Ratio of 4.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Cornerstone Bank (OK) held steady from 4.34% as of March 31, 2011 to 4.44% as of March 31, 2012, resulting in a negative change of 2.28%. This indicates that the balance sheet and financial strength for Cornerstone Bank (OK) has held steady in recent periods.
Deposit Growth5
In the past year, Cornerstone Bank (OK) has increased its total deposits by $7.35 million, resulting in 6.71% 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 (OK) has shown is excellent.
Capitalization3
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 (OK) has $129.58 million in assets with $10.76 million in equity, resulting in a capitalization level of 8.30%, which is average.
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