Cornerstone National Bank

Cornerstone National Bank is headquartered in Easley and is the 44^th largest bank in the state of South Carolina. It is also the 3,728^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 36 employees at 3 locations. Cornerstone National Bank has a 2-star health rating.

Cornerstone National Bank Routing Number: 053207999

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Data for Q1 2012

Institution Statistics Cornerstone National Bank FDIC Certificate # 35179 BankRate Report View Year Established 1999 Employees 36 Primary Regulator OCC Assets and Liabilities Assets $158.28 million Loans $91.65 million Deposits $133.67 million Equity Capital $16.95 million Loan Loss Allowance $2.09 million Unbacked Noncurrent Loans $4.61 million Real Estate Owned $15.25 million Historic Data - March 2011 Assets $174.20 million Equity Capital $17.98 million Loan Loss Allowance $2.63 million Unbacked Noncurrent Loans $7.75 million Real Estate Owned $12.83 million Profit Margin - Quarterly Net Interest Margin 3.56% Return on Assets -0.26% Return on Equity -2.5% Interest Income $1.53 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 National Bank had $19.86 million in non-current loans and owned real-estate with $19.04 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone National Bank a Texas Ratio of 104.30% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Cornerstone National Bank held steady from 99.88% as of March 31, 2011 to 104.30% as of March 31, 2012, resulting in a negative change of 4.42%. This indicates that the balance sheet and financial strength for Cornerstone National Bank has held steady in recent periods. Deposit Growth In the past year, Cornerstone National Bank has decreased its total deposits by -$11.87 million, resulting in -8.16% 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 National 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 National Bank has $158.28 million in assets with $19.04 million in equity, resulting in a capitalization level of 12.03%, which is excellent.

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