Cornerstone Bank in Springfield, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2004

  • Cornerstone Bank in Springfield, Ohio (OH)
  • Show street view No street view available for this location

Cornerstone Bank - Overview

  • General
  • FDIC Certificate #: 27691
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wesbanco Bank, Inc. (#803)
    Federal Reserve ID: 868675
    Date Established: January 01, 1935
    WWW: http://www.cornerstone-online.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 124
    FDIC's unique #: 40525
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 11, 1935
    Last Structure Change Effective Date: September 01, 2004
    Last Structure Change Process Date: September 27, 2004
    Last Data Update: September 27, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 28 East Main Street, Springfield, OH 45501
    County: Clark
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Dayton-Springfield, OH (#2000)
    Combined Statistical Area (CSA): Dayton-Springfield-Greenville, OH (#212)
    Core Based Statistical Area (CBSA): Springfield, OH (#44220)
    CBSA Metro Statistical Area: Springfield, OH (#44220)
  • Financial Summary
  • Total assets: $410.7 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, 2003)

  • Dollar figures in thousands
  • 80Total employees (full-time equivalent)
  • $399,481Total assets
  • $6,843Cash and due from depository institutions
  • $1,295Interest-bearing balances
  • $32,735Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $334,471Net loans & leases
  • $1,792Loan loss allowance
  • $0Trading account assets
  • $4,192Bank premises and fixed assets
  • $323Other real estate owned
  • $304Goodwill and other intangibles
  • $0Life insurance assets
  • $20,613All other assets
  • $399,481Total liabilities and capital
  • $358,202Total liabilities
  • $252,081Total deposits
  • $252,081Interest-bearing deposits
  • $252,081Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $103,592Other borrowed funds
  • $0Subordinated debt
  • $2,529All other liabilities
  • $41,279Total equity capital
  • $41,279Total bank equity capital
  • $41,279Perpetual preferred stock
  • $0Common stock
  • $26Surplus
  • $40,329Undivided profits
  • Memoranda
  • $924Noncurrent loans and leases
  • $34,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,419Earning assets
  • $0Long-term assets (5+ years)
  • $1,756Average Assets, year-to-date
  • $368,501Average Assets, quarterly
  • $0Volatile liabilities
  • $365,990Insider loans
  • $387,867FHLB advances
  • $188,644Loans and leases held for sale
  • $5,658Unused loan commitments
  • $103,473Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $34,736Total unused commitments
  • $0Restructured Loans and leases
  • $1,792Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $18,230Total interest income
  • $9,181Total interest expense
  • $9,049Net interest income
  • $286Provision for loan and lease losses
  • $3,378Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,378Additional noninterest income
  • $8,700Total noninterest expense
  • $4,453Salaries and employee benefits
  • $1,401Premises and equipment expense
  • $2,846Additional noninterest expense
  • $3,441Pre-tax net operating income
  • $600Securities gains (losses)
  • $1,202Applicable income taxes
  • $2,839Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,839Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $157Sale, conversion, retirement of capital stock, net
  • $1,100Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 2.73%Cost of funding earning assets
  • 2.69%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 6.87%Return on equity (ROE)
  • 4.21%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 182.17%Credit loss provision to net charge-offs
  • 23.74%Efficiency ratio
  • 70,009Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.75%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 126.29%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 132.68%Net loans and leases to core deposits
  • 200.25%Equity capital to assets
  • 10.33%Core capital (leverage) ratio
  • 10.34%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $365,990Average earning assets
  • $41,336Average equity
  • $335,868Average loans

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