Cornerstone Bank in Senatobia, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 2006

  • Cornerstone Bank in Senatobia, Mississippi (MS)
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Cornerstone Bank - Overview

  • General
  • FDIC Certificate #: 35269
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Financial Bank (#28905)
    Federal Reserve ID: 2822363
    Date Established: August 02, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 77233
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 02, 1999
    Last Structure Change Effective Date: May 16, 2006
    Last Structure Change Process Date: May 23, 2006
    Last Data Update: May 23, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 East Main, Senatobia, MS 38668
    County: Tate
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • Financial Summary
  • Total assets: $44.0 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, 2005)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $46,595Total assets
  • $2,726Cash and due from depository institutions
  • $8Interest-bearing balances
  • $2,056Securities
  • $6,615Federal funds sold & reverse repurchase agreements
  • $33,653Net loans & leases
  • $762Loan loss allowance
  • $0Trading account assets
  • $631Bank premises and fixed assets
  • $237Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $677All other assets
  • $46,595Total liabilities and capital
  • $42,565Total liabilities
  • $42,349Total deposits
  • $36,985Interest-bearing deposits
  • $42,349Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $216All other liabilities
  • $4,030Total equity capital
  • $4,030Total bank equity capital
  • $4,030Perpetual preferred stock
  • $0Common stock
  • $213Surplus
  • $5,108Undivided profits
  • Memoranda
  • $-1,291Noncurrent loans and leases
  • $2,884Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $219Earning assets
  • $0Long-term assets (5+ years)
  • $307Average Assets, year-to-date
  • $42,332Average Assets, quarterly
  • $0Volatile liabilities
  • $47,606Insider loans
  • $46,859FHLB advances
  • $13,201Loans and leases held for sale
  • $1,009Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,884Total unused commitments
  • $0Restructured Loans and leases
  • $400Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $2,693Total interest income
  • $981Total interest expense
  • $1,712Net interest income
  • $330Provision for loan and lease losses
  • $268Total noninterest income
  • $0Fiduciary activities
  • $228Service charges on deposit accounts
  • $0Trading account gains & fees
  • $40Additional noninterest income
  • $2,027Total noninterest expense
  • $1,019Salaries and employee benefits
  • $299Premises and equipment expense
  • $709Additional noninterest expense
  • -$377Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$377Income before extraordinary items
  • $0Extraordinary gains - net
  • -$377Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $246Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.24%Yield on earning assets
  • 2.27%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 4.70%Noninterest expense to earning assets
  • -0.79%Net operating income to assets
  • -0.79%Return on assets (ROA)
  • -0.79%Pretax return on assets
  • -8.86%Return on equity (ROE)
  • -8.86%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 134.15%Credit loss provision to net charge-offs
  • -0.19%Efficiency ratio
  • 102,374Assets per employee
  • 2.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 347.95%Noncurrent assets plus other real estate owned to assets
  • 0.98%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 79.47%Net loans and leases to core deposits
  • 115.46%Equity capital to assets
  • 8.65%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 12.86%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $47,606Average earning assets
  • $4,254Average equity
  • $43,147Average loans

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