Cornerstone Community Bank

Cornerstone Community Bank is headquartered in Chattanooga and is the 39^th largest bank in the state of Tennessee. It is also the 1,599^th largest bank in the nation. It was established in 1985 and as of March of 2012, it had grown to 109 employees at 7 locations. Cornerstone Community Bank has a 2-star health rating.

Cornerstone Community Bank Routing Number: 061304363

Data for Q1 2012

Institution Statistics Cornerstone Community Bank FDIC Certificate # 26256 BankRate Report View Year Established 1985 Employees 109 Primary Regulator FDIC Assets and Liabilities Assets $416.07 million Loans $256.76 million Deposits $317.91 million Equity Capital $35.71 million Loan Loss Allowance $6.02 million Unbacked Noncurrent Loans $10.77 million Real Estate Owned $18.96 million Historic Data - March 2011 Assets $447.07 million Equity Capital $28.67 million Loan Loss Allowance $7.91 million Unbacked Noncurrent Loans $6.21 million Real Estate Owned $20.46 million Profit Margin - Quarterly Net Interest Margin 3.53% Return on Assets 0.42% Return on Equity 4.96% Interest Income $4.63 million

Institution Health Overall Score: 2 out of 5 Texas Ratio 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 Community Bank had $29.72 million in non-current loans and owned real-estate with $41.74 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Community Bank a Texas Ratio of 71.22% which is below 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 held steady from 73.09% as of March 31, 2011 to 71.22% as of March 31, 2012, resulting in a positive change of 2.56%.This indicates that the balance sheet and financial strength for Cornerstone Community Bank has held steady in recent periods. Deposit Growth In the past year, Cornerstone Community Bank has decreased its total deposits by -$21.23 million, resulting in -6.26% 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 has shown is poor. Capitalization 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 has $416.07 million in assets with $41.74 million in equity, resulting in a capitalization level of 10.03%, which is above average.

No reviews have been left for this bank yet. Be the first to review.