First CornerStone Bank

First CornerStone Bank is headquartered in King Of Prussia and is the 151^st largest bank in the state of Pennsylvania. It is also the 3,681^st largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 31 employees at 6 locations. First CornerStone Bank's money market rates are 93% higher than the national average, but it has a 1-star health rating.

First CornerStone Bank Routing Number: 031918637

First CornerStone Bank Checking Account Rates

First CornerStone Bank Savings Account Rates

First CornerStone Bank Money Market Rates

First CornerStone Bank CD Rates

First CornerStone Bank IRA Rates

Data for Q1 2012

Institution Statistics First CornerStone Bank FDIC Certificate # 35312 BankRate Report View Year Established 2000 Employees 31 Primary Regulator FDIC Assets and Liabilities Assets $161.27 million Loans $104.67 million Deposits $149.77 million Equity Capital $6.13 million Loan Loss Allowance $1.82 million Unbacked Noncurrent Loans $15.12 million Real Estate Owned $9.09 million Historic Data - March 2011 Assets $180.11 million Equity Capital $12.94 million Loan Loss Allowance $1.81 million Unbacked Noncurrent Loans $17.79 million Real Estate Owned $7.59 million Profit Margin - Quarterly Net Interest Margin 3.09% Return on Assets -0.88% Return on Equity -22.37% Interest Income $1.71 million

Institution Health Overall Score: 1 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 First CornerStone Bank had $24.21 million in non-current loans and owned real-estate with $7.95 million in equity and loan loss allowances on hand to cover it. This gives First CornerStone Bank a Texas Ratio of 304.54% 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 First CornerStone Bank increased slightly from 172.05% as of March 31, 2011 to 304.54% as of March 31, 2012, resulting in a negative change of 77.00%. This indicates that the balance sheet and financial strength for First CornerStone Bank has declined slightly in recent periods. Deposit Growth In the past year, First CornerStone Bank has decreased its total deposits by -$1.96 million, resulting in -1.29% 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 First CornerStone Bank has shown is below average. 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. First CornerStone Bank has $161.27 million in assets with $7.95 million in equity, resulting in a capitalization level of 4.93%, which is poor.

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