Cornerstone Bank in Watonga, Oklahoma (OK)

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Cornerstone Bank routing number info

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Cornerstone Bank
GeneralFDIC Certificate #: 2318
Status: Active
Federal Reserve ID: 537355
Bank Holding Company (Regulatory Top Holder): Watonga Bancshares, Inc. (RSSDID: 1059443, Location: Watonga, OK)
Date Established: January 28, 1928
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 1535
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 02, 2006
Last Structure Change Process Date: November 17, 2006
Last Data Update: November 17, 2006
Data Source Date: April 05, 2012
LocationAddress: 115 West A Street, Watonga, OK 73772
County: Blaine
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Oklahoma City
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesName Change
Financial SummaryTotal assets: $125.2 mil
Equity capital: $9.7 mil
Deposits held in domestic offices: $113.3 mil
Return on assets (ROA): 0.54% ($0.7 mil)
Quarterly return on assets: 0.16% ($0.2 mil)
Return on Equity (ROE): 6.71% ($0.7 mil)
Quarterly return on equity: 1.94% ($0.2 mil)
Net income: $0.7 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.50% ($625.8 mil)
Quarterly Pretax return on assets: -0.08% (-$100.1 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)
Total employees (full-time equivalent)39
Total assets$125,158
Cash and due from depository institutions$8,478
Interest-bearing balances$4,775
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$44,765
Loan loss allowance $803
Trading account assets$0
Bank premises and fixed assets$4,129
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$5,591
Life insurance assets$125,157
Total liabilities and capital$115,488
Total liabilities$113,251
Total deposits$91,847
Interest-bearing deposits$113,251
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,237
All other liabilities $9,669
Total equity capital$9,669
Total bank equity capital$9,669
Perpetual preferred stock$0
Common stock$750
Undivided profits $8,169
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $399
Earning assets $40
Long-term assets (5+ years) $922
Average Assets, year-to-date $111,735
Average Assets, quarterly $47,820
Volatile liabilities $122,099
Insider loans $123,723
FHLB advances $69,959
Loans and leases held for sale $124,742
Unused loan commitments $2,397
Tier 1 (core) risk-based capital $514
Tier 2 risk-based capital $10,231
Total risk weighted assets $0
Total unused commitments $1,883
Restructured Loans and leases $4,407
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,817
Total interest expense $955
Net interest income $3,862
Provision for loan and lease losses $345
Total noninterest income $907
Fiduciary activities $0
Service charges on deposit accounts $448
Trading account gains & fees $0
Additional noninterest income $459
Total noninterest expense $3,867
Salaries and employee benefits $2,342
Premises and equipment expense $555
Additional noninterest expense $970
Pre-tax net operating income $557
Securities gains (losses) $58
Applicable income taxes -$42
Income before extraordinary items $657
Extraordinary gains - net $0
Net income attributable to bank $657
Net charge-offs $0
Cash dividends $657
Sale, conversion, retirement of capital stock, net $312
Net operating income $228
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.46%
Cost of funding earning assets 0.88%
Net interest margin 3.57%
Noninterest income to earning assets 0.84%
Noninterest expense to earning assets 3.58%
Net operating income to assets 0.49%
Return on assets (ROA) 0.54%
Pretax return on assets 0.50%
Return on equity (ROE) 6.71%
Retained earnings to average equity (YTD only) 4.38%
Net charge-offs to loans 0.68%
Credit loss provision to net charge-offs 110.58%
Efficiency ratio2.89%
Assets per employee$81,086
Cash dividends to net income (YTD only)3.21%
Condition Ratios (%)
Loss allowance to loans 34.70%
Loss allowance to noncurrent loans 1.76%
Noncurrent assets plus other real estate owned to assets 201.25%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.88%
Net loans and leases to core deposits 39.53%
Equity capital to assets 40.75%
Core capital (leverage) ratio 7.73%
Tier 1 risk-based capital ratio 8.20%
Total risk-based capital ratio 14.62%
Average assets$16
Average earning assets$122,099
Average equity $9,798
Average loans $108,055
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3 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01535Cornerstone Bank115 West A Street, Watonga, OK 73772January 28, 1928Full Service Brick and Mortar
2289513Geary Branch133 South Broadway, Geary, OK 73040April 19, 1991Full Service Brick and Mortar
3478555Mustang Branch1408 N. Mustang Road, Mustang, OK 73064May 14, 2008Full Service Brick and Mortar
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