Cornerbank, National Association in Winfield, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Cornerbank, National Association in Winfield, Kansas (KS)
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Cornerbank, National Association - Overview

  • General
  • FDIC Certificate #: 4803
    Status: Active
    Federal Reserve ID: 91156
    Bank Holding Company (Regulatory Top Holder): Cornerstone Alliance, Ltd. (RSSDID: 1064269, Location: Winfield, KS)
    Date Established: September 27, 1872
    WWW: http://www.cornerbanks.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 12588
    FDIC's unique #: 3212
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Main Street, Winfield, KS 67156
    County: Cowley
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Wichita
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Wichita-Winfield, KS (#556)
    Core Based Statistical Area (CBSA): Winfield, KS (#49060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $276.8 mil
    Equity capital: $25.4 mil
    Deposits held in domestic offices: $206.0 mil
    Return on assets (ROA): 0.60% ($1.7 mil)
    Quarterly return on assets: -0.15% (-$0.4 mil)
    Return on Equity (ROE): 6.21% ($1.6 mil)
    Quarterly return on equity: -1.53% (-$0.4 mil)
    Net income: $1.5 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.62% ($1,716.4 mil)
    Quarterly Pretax return on assets: -0.17% (-$470.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 91Total employees (full-time equivalent)
  • $276,837Total assets
  • $6,160Cash and due from depository institutions
  • $682Interest-bearing balances
  • $135,033Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $121,152Net loans & leases
  • $2,005Loan loss allowance
  • $0Trading account assets
  • $3,351Bank premises and fixed assets
  • $5,457Other real estate owned
  • $70Goodwill and other intangibles
  • $276,837Life insurance assets
  • $5,614All other assets
  • $251,462Total liabilities and capital
  • $205,997Total liabilities
  • $178,152Total deposits
  • $205,997Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 36932.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,811Trading liabilities
  • $0Other borrowed funds
  • $1,722Subordinated debt
  • $25,375All other liabilities
  • $25,375Total equity capital
  • $25,375Total bank equity capital
  • $0Perpetual preferred stock
  • $550Common stock
  • $2,400Surplus
  • $22,425Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,794Income earned, not collected on loans
  • $0Earning assets
  • $1,811Long-term assets (5+ years)
  • $256,867Average Assets, year-to-date
  • $85,718Average Assets, quarterly
  • $249,726Volatile liabilities
  • $264,215Insider loans
  • $153,790FHLB advances
  • $256,051Loans and leases held for sale
  • $84Unused loan commitments
  • $84Tier 1 (core) risk-based capital
  • $22,391Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,578Restructured Loans and leases
  • $629Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,214Total interest income
  • $1,487Total interest expense
  • $8,727Net interest income
  • $210Provision for loan and lease losses
  • $2,346Total noninterest income
  • $588Fiduciary activities
  • $1,492Service charges on deposit accounts
  • $0Trading account gains & fees
  • $266Additional noninterest income
  • $9,928Total noninterest expense
  • $4,823Salaries and employee benefits
  • $1,388Premises and equipment expense
  • $3,717Additional noninterest expense
  • $935Pre-tax net operating income
  • $608Securities gains (losses)
  • $44Applicable income taxes
  • $1,499Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,499Net income attributable to bank
  • $0Net charge-offs
  • $1,499Cash dividends
  • $289Sale, conversion, retirement of capital stock, net
  • $522Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 3.78%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 6.21%Return on equity (ROE)
  • 4.05%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 72.66%Credit loss provision to net charge-offs
  • 3.96%Efficiency ratio
  • 89,660Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.82%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 111.76%Noncurrent assets plus other real estate owned to assets
  • 2.62%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 58.81%Net loans and leases to core deposits
  • 68.42%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 14.56%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $249,726Average earning assets
  • $24,152Average equity
  • $230,885Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $86,639Managed Assets
  • 1Number of Accounts
  • $64,789Personal trust and agency accounts
  • $28,258Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,336Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $14,333Other fiduciary accounts
  • $18,862Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 181Number of Accounts
  • $0Personal trust and agency accounts
  • $2,706Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,850Other retirement accounts
  • $10,532Corporate trust and agency accounts
  • $10,189Other fiduciary accounts
  • $1,129Fiduciary accounts held in foreign offices

List of branches

  • 10 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03212Cornerbank, National Association900 Main Street, Winfield, KS 67156September 27, 1872Full Service Brick and Mortar
    1204159Motor Bank South Branch1421 Main Street, Winfield, KS 67156November 01, 1966Full Service Brick and Mortar
    2204160Motor Bank East Branch1905 East Ninth, Winfield, KS 67156December 21, 1983Limited Service Facility
    49881Oxford Branch101 North Sumner, Oxford, KS 67119November 15, 1883Full Service Brick and Mortar
    58871Douglass Branch305 South Forest, Douglass, KS 67039January 01, 1899Full Service Brick and Mortar
    7281987Wellington Branch119 S. Washington, Wellington, KS 67152June 01, 1994Full Service Brick and Mortar
    8357272Cyberbank BranchWww.Cornerbanks.com, Winfield, KS 67156September 30, 1998Full Service Cyber
    11281986Arkansas City Branch125 N. Summit Street, Arkansas City, KS 67005June 01, 1994Full Service Brick and Mortar
    13478867Wichita Branch12828 E 13th N, Suite 13, Wichita, KS 67230January 31, 2008Full Service Brick and Mortar
    14493042Lawrence Branch1201 Wakarusa Dr. Suite 13, Lawrence, KS 66049May 11, 2009Full Service Brick and Mortar

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