Cornerstone Bank in Eureka Springs, Arkansas (AR)

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Cornerstone Bank routing number info

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Cornerstone Bank
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)41
Total assets$142,458
Cash and due from depository institutions$2,949
Interest-bearing balances$121
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$83,526
Loan loss allowance $1,657
Trading account assets$0
Bank premises and fixed assets$7,628
Other real estate owned$3,486
Goodwill and other intangibles$0
All other assets$5,754
Life insurance assets$142,458
Total liabilities and capital$127,808
Total liabilities$119,695
Total deposits$111,843
Interest-bearing deposits$119,695
Deposits held in domestic offices$86
% insured (estimated)1100.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,076
Other borrowed funds $0
Subordinated debt $937
All other liabilities $14,650
Total equity capital$14,650
Total bank equity capital$14,650
Perpetual preferred stock$0
Common stock$0
Undivided profits $12,650
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,127
Income earned, not collected on loans $645
Earning assets $0
Long-term assets (5+ years) $1,154
Average Assets, year-to-date $122,762
Average Assets, quarterly $47,722
Volatile liabilities $146,155
Insider loans $143,987
FHLB advances $105,586
Loans and leases held for sale $141,970
Unused loan commitments $3,479
Tier 1 (core) risk-based capital $3,479
Tier 2 risk-based capital $14,650
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,214
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,046
Total interest expense $1,279
Net interest income $5,767
Provision for loan and lease losses $480
Total noninterest income $1,252
Fiduciary activities $0
Service charges on deposit accounts $436
Trading account gains & fees $0
Additional noninterest income $816
Total noninterest expense $5,020
Salaries and employee benefits $2,364
Premises and equipment expense $1,025
Additional noninterest expense $1,631
Pre-tax net operating income $1,519
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,519
Extraordinary gains - net $0
Net income attributable to bank $1,519
Net charge-offs $0
Cash dividends $1,519
Sale, conversion, retirement of capital stock, net $352
Net operating income $661
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.50%
Cost of funding earning assets 1.00%
Net interest margin 4.50%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 3.92%
Net operating income to assets 1.04%
Return on assets (ROA) 1.04%
Pretax return on assets 1.04%
Return on equity (ROE) 10.76%
Retained earnings to average equity (YTD only) 6.08%
Net charge-offs to loans 0.40%
Credit loss provision to net charge-offs 136.36%
Efficiency ratio5.68%
Assets per employee$71,520
Cash dividends to net income (YTD only)3.47%
Condition Ratios (%)
Loss allowance to loans 43.52%
Loss allowance to noncurrent loans 1.95%
Noncurrent assets plus other real estate owned to assets 256.90%
Noncurrent loans to loans 2.90%
Net loans and leases to deposits0.76%
Net loans and leases to core deposits 69.78%
Equity capital to assets 82.11%
Core capital (leverage) ratio 10.28%
Tier 1 risk-based capital ratio 10.32%
Total risk-based capital ratio 13.87%
Average assets$15
Average earning assets$146,155
Average equity $14,111
Average loans $128,042
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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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