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6300 4th Street North
Saint Petersburg, FL 33702

Cornerstone Community Bank (FL) is headquartered in Saint Petersburg and is the 110st largest bank in the state of Florida. It is also the 2,804th largest bank in the nation. It was established in 1999 and as of June of 2014, it had grown to 53 employees at 6 locations. Cornerstone Community Bank (FL) has a B health rating.

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Data for Q2 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 June 30, 2014 Cornerstone Community Bank (FL) had $5.71 million in non-current loans and owned real-estate with $28.12 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Community Bank (FL) a Texas Ratio of 20.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Cornerstone Community Bank (FL) decreased slightly from 24.47% as of June 30, 2013 to 20.29% as of June 30, 2014, resulting in a positive change of 17.09%.This indicates that the balance sheet and financial strength for Cornerstone Community Bank (FL) has improved slightly in recent periods.

Deposit Growth


In the past year, Cornerstone Community Bank (FL) has decreased its total deposits by -$10.17 million, resulting in -4.97% 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 Community Bank (FL) has shown is below average.



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 Community Bank (FL) has $222.09 million in assets with $28.12 million in equity, resulting in a capitalization level of 12.66%, which is excellent.

Institution Statistics

FDIC Certificate #34948
Year Established1999
Primary RegulatorFDIC
Assets and Liabilities
Assets$222.09 million
Loans$153.43 million
Deposits$194.56 million
Equity Capital$25.95 million
Loan Loss Allowance$2.17 million
Unbacked Noncurrent Loans$4.61 million
Real Estate Owned$1.10 million
Historic Data - June 2013
Assets$230.31 million
Equity Capital$24.13 million
Loan Loss Allowance$2.32 million
Unbacked Noncurrent Loans$4.61 million
Real Estate Owned$2.01 million
Profit Margin - Quarterly
Return on Assets0.65%
Return on Equity5.81%
Interest Income$4.16 million

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Cornerstone Community Bank (FL) Locations
Walsingham Branch12933 Walsingham RoadLargo, FL 33774
East Bay Branch3320 East Bay DriveLargo, FL 33771
Northwest Branch5800 38th Avenue NorthSaint Petersburg, FL 33710
Cornerstone Community Bank6300 4th Street NorthSaint Petersburg, FL 33702
Central Avenue Branch6600 Central AvenueSaint Petersburg, FL 33707
Seminole Branch7800 Seminole BoulevardSeminole, FL 33772