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Overview / Commentary
404-601-1250
2060 Mount Paran Road, Northwest, Suite 100
Atlanta, GA 30327

CornerstoneBank is headquartered in Atlanta and is the 49th largest bank in the state of Georgia. It is also the 2,175th largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 84 employees at 3 locations. CornerstoneBank has a F health rating.

Reviews (1)

This Bank Deserves More Customers!

It has the best small business checking account in the Atlanta area. No fees, friendly, easy to work with. If more people had sense enough to bank with them, their deposit ratio would climb and their "health" rating would go up. I've had it with Wells' inefficient service and high fees. I started out at First Union, and they and every later iteration of that bank got gobbled up by the mega-banks. Cornerstone is a small bank, but as far as general banking, I have no complaints. I have accounts with 3 companies there.
Their interface with Quicken could be better and they could have fancy ATMs that give you images; but check images are returned in your statement (for free) and you can view all deposit slips and checks online any time (also for free).
I like this bank, my funds are all FDIC insured, and I'm happy to bank there. Drop by a branch to see for yourself that it's not necessary to stand in long lines just to pay high fees.



Health

Data for Q4 2013

Institution Health

F

Texas Ratio

GRADE:
F

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 CornerstoneBank had $34.43 million in non-current loans and owned real-estate with $13.32 million in equity and loan loss allowances on hand to cover it. This gives CornerstoneBank a Texas Ratio of 258.53% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for CornerstoneBank increased slightly from 197.61% as of December 31, 2012 to 258.53% as of December 31, 2013, resulting in a negative change of 30.83%. This indicates that the balance sheet and financial strength for CornerstoneBank has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, CornerstoneBank has decreased its total deposits by -$20.89 million, resulting in -7.37% 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 CornerstoneBank has shown is below average.

Capitalization

GRADE:
F

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. CornerstoneBank has $300.77 million in assets with $13.32 million in equity, resulting in a capitalization level of 4.43%, which is poor.

Institution Statistics

Overall
FDIC Certificate #35027
Year Established2001
Employees84
Primary RegulatorOCC
Assets and Liabilities
Assets$300.77 million
Loans$193.92 million
Deposits$262.61 million
Equity Capital$8.47 million
Loan Loss Allowance$4.84 million
Unbacked Noncurrent Loans$22.83 million
Real Estate Owned$11.60 million
Historic Data - December 2012
Assets$327.75 million
Equity Capital$11.54 million
Loan Loss Allowance$6.04 million
Unbacked Noncurrent Loans$22.83 million
Real Estate Owned$16.16 million
Profit Margin - Quarterly
Net Interest Margin3.14%
Return on Assets-0.67%
Return on Equity-19.18%
Interest Income$11.62 million
Rates
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CornerstoneBank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$100k-Cornerstone Advantage Money Market (Personal)
0.45%$100k-Cornerstone Capital Money Market (Business)

CornerstoneBank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Cornerstone Classic Checking
0.25%$100k-Cornerstone Plus Checking
0.25%$100k-Cornerstone Non-Corporate Checking

CornerstoneBank CD Rates

DetailsAPYMINMAXPRODUCT
0.75%--60 Month CD
0.65%--48 Month CD
0.40%--36 Month CD
0.35%--30 Month CD
0.30%--24 Month CD
0.25%--18 Month CD
0.20%--6 Month CD
0.20%--12 Month CD
0.10%--3 Month CD
Locations


CornerstoneBank Locations
Decatur Branch125 Clairemont AveDecatur, GA 30030
Cornerstonebank2060 Mount Paran Road, Northwest, Suite 100Atlanta, GA 30327
Roswell Road Branch6344 Roswell RoadSandy Springs, GA 30328