Cornerstone Bank in Moorestown, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Cornerstone Bank in Moorestown, New Jersey (NJ)
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Cornerstone Bank routing number info

Cornerstone Bank - Overview

  • General
  • FDIC Certificate #: 35286
    Status: Active
    Federal Reserve ID: 2850768
    Bank Holding Company (Regulatory Top Holder): Cornerstone Financial Corporation (RSSDID: 3831513, Location: Mount Laurel, NJ)
    Date Established: October 04, 1999
    WWW: http://www.cornerstonebanknj.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 77675
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 04, 1999
    Last Structure Change Effective Date: September 30, 2010
    Last Structure Change Process Date: October 06, 2010
    Last Data Update: October 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 253 W. Main Street, Moorestown, NJ 8057
    County: Burlington
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • Financial Summary
  • Total assets: $383.7 mil
    Equity capital: $23.8 mil
    Deposits held in domestic offices: $330.5 mil
    Return on assets (ROA): -0.20% (-$0.8 mil)
    Quarterly return on assets: -1.84% (-$7.1 mil)
    Return on Equity (ROE): -3.07% (-$0.7 mil)
    Quarterly return on equity: -28.82% (-$6.9 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$1.8 mil
    Pretax return on assets: -0.35% (-$1,343.0 mil)
    Quarterly Pretax return on assets: -3.09% (-$11,856.6 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
  • 64Total employees (full-time equivalent)
  • $383,710Total assets
  • $5,039Cash and due from depository institutions
  • $4,054Interest-bearing balances
  • $83,727Securities
  • $32,800Federal funds sold & reverse repurchase agreements
  • $237,209Net loans & leases
  • $4,708Loan loss allowance
  • $0Trading account assets
  • $7,710Bank premises and fixed assets
  • $5,397Other real estate owned
  • $0Goodwill and other intangibles
  • $383,710Life insurance assets
  • $11,828All other assets
  • $359,901Total liabilities and capital
  • $330,521Total liabilities
  • $300,345Total deposits
  • $330,521Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $3,000Other borrowed funds
  • $1,380Subordinated debt
  • $23,809All other liabilities
  • $23,809Total equity capital
  • $23,809Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $22,582Surplus
  • $1,227Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,870Income earned, not collected on loans
  • $0Earning assets
  • $1,577Long-term assets (5+ years)
  • $357,790Average Assets, year-to-date
  • $134,176Average Assets, quarterly
  • $371,854Volatile liabilities
  • $387,057Insider loans
  • $289,758FHLB advances
  • $392,478Loans and leases held for sale
  • $6,205Unused loan commitments
  • $6,205Tier 1 (core) risk-based capital
  • $23,512Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $47,572Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,077Total interest income
  • $4,091Total interest expense
  • $12,986Net interest income
  • $6,477Provision for loan and lease losses
  • $807Total noninterest income
  • $0Fiduciary activities
  • $185Service charges on deposit accounts
  • $0Trading account gains & fees
  • $622Additional noninterest income
  • $9,517Total noninterest expense
  • $5,468Salaries and employee benefits
  • $1,507Premises and equipment expense
  • $2,542Additional noninterest expense
  • -$2,201Pre-tax net operating income
  • $901Securities gains (losses)
  • -$573Applicable income taxes
  • -$727Income before extraordinary items
  • $0Extraordinary gains - net
  • -$727Net income attributable to bank
  • $0Net charge-offs
  • -$727Cash dividends
  • $5,595Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • -0.35%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.35%Pretax return on assets
  • -3.07%Return on equity (ROE)
  • -5.18%Retained earnings to average equity (YTD only)
  • 2.32%Net charge-offs to loans
  • 115.76%Credit loss provision to net charge-offs
  • 0.76%Efficiency ratio
  • 68,999Assets per employee
  • 6.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -68.78%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 53.08%Noncurrent assets plus other real estate owned to assets
  • 3.72%Noncurrent loans to loans
  • 3.67%Net loans and leases to deposits
  • 71.77%Net loans and leases to core deposits
  • 73.28%Equity capital to assets
  • 6.20%Core capital (leverage) ratio
  • 5.99%Tier 1 risk-based capital ratio
  • 8.11%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $371,854Average earning assets
  • $23,668Average equity
  • $347,032Average loans

List of branches

  • 8 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    077675Cornerstone Bank253 W. Main Street, Moorestown, NJ 8057October 04, 1999Full Service Brick and Mortar
    1428163Medford Branch170 Himmelein Road, Medford, NJ 8055Febuary 11, 2002Full Service Brick and Mortar
    2429289Burlington City Branch115 East Broad Street, Burlington City, NJ 8016August 04, 2003Full Service Brick and Mortar
    3448980Cherry Hill Branch1405 Route 70, Cherry Hill, NJ 8034Febuary 10, 2006Full Service Brick and Mortar
    4457229Voorhees Branch133 Route 73, Voorhees, NJ 8043October 25, 2006Full Service Brick and Mortar
    5478279Main Street Moorestown Branch253 West Main Street, Moorestown, NJ 8057June 02, 2008Full Service Brick and Mortar
    64902696000 Midlantic Drive Branch6000 Midlantic Drive, Mount Laurel, NJ 8054April 16, 2009Full Service Brick and Mortar
    7514300Kings Grant Shops Branch105 Merchants Way, Marlton, NJ 8053November 04, 2010Full Service Retail

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