Cornerstone Bank in Eureka Springs, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cornerstone Bank - Overview

  • General
  • FDIC Certificate #: 5635
    Status: Active
    Federal Reserve ID: 514048
    Bank Holding Company (Regulatory Top Holder): Eureka Bancshares, Inc. (RSSDID: 2941769, Location: Eureka Springs, AR)
    Date Established: May 01, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11214
    FDIC's unique #: 3840
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 03, 2008
    Last Structure Change Process Date: November 05, 2008
    Last Data Update: November 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 South Main Street, Eureka Springs, AR 72632
    County: Carroll
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $142.5 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $119.7 mil
    Return on assets (ROA): 1.04% ($1.5 mil)
    Quarterly return on assets: 0.88% ($1.2 mil)
    Return on Equity (ROE): 10.76% ($1.6 mil)
    Quarterly return on equity: 8.68% ($1.3 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.04% ($1,481.6 mil)
    Quarterly Pretax return on assets: 0.88% ($1,253.6 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
  • 41Total employees (full-time equivalent)
  • $142,458Total assets
  • $2,949Cash and due from depository institutions
  • $121Interest-bearing balances
  • $39,115Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,526Net loans & leases
  • $1,657Loan loss allowance
  • $0Trading account assets
  • $7,628Bank premises and fixed assets
  • $3,486Other real estate owned
  • $0Goodwill and other intangibles
  • $142,458Life insurance assets
  • $5,754All other assets
  • $127,808Total liabilities and capital
  • $119,695Total liabilities
  • $111,843Total deposits
  • $119,695Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 1100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,076Trading liabilities
  • $0Other borrowed funds
  • $937Subordinated debt
  • $14,650All other liabilities
  • $14,650Total equity capital
  • $14,650Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $12,650Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,127Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $645Income earned, not collected on loans
  • $0Earning assets
  • $1,154Long-term assets (5+ years)
  • $122,762Average Assets, year-to-date
  • $47,722Average Assets, quarterly
  • $146,155Volatile liabilities
  • $143,987Insider loans
  • $105,586FHLB advances
  • $141,970Loans and leases held for sale
  • $3,479Unused loan commitments
  • $3,479Tier 1 (core) risk-based capital
  • $14,650Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,214Restructured Loans and leases
  • $3,282Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,046Total interest income
  • $1,279Total interest expense
  • $5,767Net interest income
  • $480Provision for loan and lease losses
  • $1,252Total noninterest income
  • $0Fiduciary activities
  • $436Service charges on deposit accounts
  • $0Trading account gains & fees
  • $816Additional noninterest income
  • $5,020Total noninterest expense
  • $2,364Salaries and employee benefits
  • $1,025Premises and equipment expense
  • $1,631Additional noninterest expense
  • $1,519Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,519Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,519Net income attributable to bank
  • $0Net charge-offs
  • $1,519Cash dividends
  • $352Sale, conversion, retirement of capital stock, net
  • $661Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 10.76%Return on equity (ROE)
  • 6.08%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 136.36%Credit loss provision to net charge-offs
  • 5.68%Efficiency ratio
  • 71,520Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.52%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 256.90%Noncurrent assets plus other real estate owned to assets
  • 2.90%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 69.78%Net loans and leases to core deposits
  • 82.11%Equity capital to assets
  • 10.28%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 13.87%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $146,155Average earning assets
  • $14,111Average equity
  • $128,042Average loans

List of branches

  • 4 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03840Cornerstone Bank70 South Main Street, Eureka Springs, AR 72632May 01, 1912Full Service Brick and Mortar
    1207934Financial Center152 East Van Buren, Eureka Springs, AR 72632December 05, 1980Full Service Brick and Mortar
    2207935Holiday Island Branch1 Parkwood Drive, Holiday Island, AR 72632April 01, 1985Full Service Brick and Mortar
    5491480Berryville Branch907 W Trimble, Berryville, AR 72616June 08, 2009Full Service Brick and Mortar

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