Cornerstone Bank in Watonga, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


Cornerstone Bank - Overview

  • General
  • FDIC 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
    WWW: http://www.bankoncornerstone.com
    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
  • Location
  • Address: 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 Changes
  • Name Change
  • Financial Summary
  • Total 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
  • 39Total employees (full-time equivalent)
  • $125,158Total assets
  • $8,478Cash and due from depository institutions
  • $4,775Interest-bearing balances
  • $62,195Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,765Net loans & leases
  • $803Loan loss allowance
  • $0Trading account assets
  • $4,129Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $125,157Life insurance assets
  • $5,591All other assets
  • $115,488Total liabilities and capital
  • $113,251Total liabilities
  • $91,847Total deposits
  • $113,251Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,237Subordinated debt
  • $9,669All other liabilities
  • $9,669Total equity capital
  • $9,669Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $750Surplus
  • $8,169Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $399Income earned, not collected on loans
  • $40Earning assets
  • $922Long-term assets (5+ years)
  • $111,735Average Assets, year-to-date
  • $47,820Average Assets, quarterly
  • $122,099Volatile liabilities
  • $123,723Insider loans
  • $69,959FHLB advances
  • $124,742Loans and leases held for sale
  • $2,397Unused loan commitments
  • $514Tier 1 (core) risk-based capital
  • $10,231Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,883Total unused commitments
  • $4,407Restructured Loans and leases
  • $207Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,817Total interest income
  • $955Total interest expense
  • $3,862Net interest income
  • $345Provision for loan and lease losses
  • $907Total noninterest income
  • $0Fiduciary activities
  • $448Service charges on deposit accounts
  • $0Trading account gains & fees
  • $459Additional noninterest income
  • $3,867Total noninterest expense
  • $2,342Salaries and employee benefits
  • $555Premises and equipment expense
  • $970Additional noninterest expense
  • $557Pre-tax net operating income
  • $58Securities gains (losses)
  • -$42Applicable income taxes
  • $657Income before extraordinary items
  • $0Extraordinary gains - net
  • $657Net income attributable to bank
  • $0Net charge-offs
  • $657Cash dividends
  • $312Sale, conversion, retirement of capital stock, net
  • $228Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 6.71%Return on equity (ROE)
  • 4.38%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 110.58%Credit loss provision to net charge-offs
  • 2.89%Efficiency ratio
  • 81,086Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.70%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 201.25%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 39.53%Net loans and leases to core deposits
  • 40.75%Equity capital to assets
  • 7.73%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 14.62%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $122,099Average earning assets
  • $9,798Average equity
  • $108,055Average loans

List of branches

  • 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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