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Overview / Commentary
727-526-5678
6300 4th Street North
Saint Petersburg, FL 33702

Cornerstone Community Bank (FL) is headquartered in Saint Petersburg and is the 104th largest bank in the state of Florida. It is also the 2,720th largest bank in the nation. It was established in 1999 and as of December of 2013, it had grown to 52 employees at 6 locations. Cornerstone Community Bank (FL) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 December 31, 2013 Cornerstone Community Bank (FL) had $4.94 million in non-current loans and owned real-estate with $26.91 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Community Bank (FL) a Texas Ratio of 18.35% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Cornerstone Community Bank (FL) decreased dramatically from 46.43% as of December 31, 2012 to 18.35% as of December 31, 2013, resulting in a positive change of 60.47%.This indicates that the balance sheet and financial strength for Cornerstone Community Bank (FL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Cornerstone Community Bank (FL) has decreased its total deposits by -$1.27 million, resulting in -0.61% 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 average.

Capitalization

GRADE:
A

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 $232.66 million in assets with $26.91 million in equity, resulting in a capitalization level of 11.57%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34948
Year Established1999
Employees52
Primary RegulatorFDIC
Assets and Liabilities
Assets$232.66 million
Loans$158.38 million
Deposits$206.52 million
Equity Capital$24.66 million
Loan Loss Allowance$2.26 million
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$1.70 million
Historic Data - December 2012
Assets$237.54 million
Equity Capital$24.53 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$4.19 million
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets0.53%
Return on Equity5.04%
Interest Income$8.39 million
Rates

Sorry, we do not have rate data for Cornerstone Community Bank (FL)

Locations


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