Cornerstone Bank in Overland Park, Kansas (KS), MO
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Cornerstone Bank in Overland Park, Kansas (KS), MO
  • Show street view No street view available for this location

Cornerstone Bank - Overview

  • General
  • FDIC Certificate #: 57250
    Status: Active
    Federal Reserve ID: 3027763
    Bank Holding Company (Regulatory Top Holder): Cornerstone Bancshares, Inc. (RSSDID: 3027754, Location: Overland Park, KS)
    Date Established: October 26, 2001
    WWW: http://www.cornerstonebk.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: Yes)
    OTS Docket #: 52163
    FDIC's unique #: 360127
    Numeric code: 13
    Regulator: FED
    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: October 26, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: October 07, 2010
    Last Data Update: October 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 9120 W. 135th Street, Overland Park, KS 66221
    County: Johnson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $179.8 mil
    Equity capital: $14.5 mil
    Deposits held in domestic offices: $112.1 mil
    Return on assets (ROA): -0.73% (-$1.3 mil)
    Quarterly return on assets: 0.00% ($0.0 mil)
    Return on Equity (ROE): -9.81% (-$1.5 mil)
    Quarterly return on equity: 0.05% ($0.0 mil)
    Net income: -$1.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.73% (-$1,312.3 mil)
    Quarterly Pretax return on assets: 0.00% ($0.0 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, 2011)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $179,773Total assets
  • $10,415Cash and due from depository institutions
  • $8,898Interest-bearing balances
  • $26,713Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $118,579Net loans & leases
  • $6,130Loan loss allowance
  • $0Trading account assets
  • $3,027Bank premises and fixed assets
  • $16,243Other real estate owned
  • $0Goodwill and other intangibles
  • $179,773Life insurance assets
  • $4,796All other assets
  • $165,243Total liabilities and capital
  • $112,140Total liabilities
  • $91,119Total deposits
  • $112,140Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 1396.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $50,000Trading liabilities
  • $0Other borrowed funds
  • $1,707Subordinated debt
  • $14,530All other liabilities
  • $14,530Total equity capital
  • $14,530Total bank equity capital
  • $0Perpetual preferred stock
  • $3,260Common stock
  • $12,799Surplus
  • $-1,529Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,159Income earned, not collected on loans
  • $757Earning assets
  • $462Long-term assets (5+ years)
  • $154,190Average Assets, year-to-date
  • $36,645Average Assets, quarterly
  • $192,174Volatile liabilities
  • $181,234Insider loans
  • $132,586FHLB advances
  • $184,149Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,284Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,181Restructured Loans and leases
  • $4,824Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,436Total interest income
  • $3,185Total interest expense
  • $5,251Net interest income
  • $1,417Provision for loan and lease losses
  • -$357Total noninterest income
  • $0Fiduciary activities
  • $139Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$496Additional noninterest income
  • $4,927Total noninterest expense
  • $2,160Salaries and employee benefits
  • $345Premises and equipment expense
  • $2,422Additional noninterest expense
  • -$1,450Pre-tax net operating income
  • $39Securities gains (losses)
  • $0Applicable income taxes
  • -$1,411Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,411Net income attributable to bank
  • $0Net charge-offs
  • -$1,411Cash dividends
  • $4,730Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.91%Cost of funding earning assets
  • 3.14%Net interest margin
  • -0.21%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • -0.75%Net operating income to assets
  • -0.73%Return on assets (ROA)
  • -0.73%Pretax return on assets
  • -9.81%Return on equity (ROE)
  • -9.81%Retained earnings to average equity (YTD only)
  • 3.32%Net charge-offs to loans
  • 29.96%Credit loss provision to net charge-offs
  • -0.01%Efficiency ratio
  • 100,674Assets per employee
  • 8.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.92%Loss allowance to noncurrent loans
  • 60.34%Noncurrent assets plus other real estate owned to assets
  • 14.69%Noncurrent loans to loans
  • 8.15%Net loans and leases to deposits
  • 105.74%Net loans and leases to core deposits
  • 110.19%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 10.77%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $192,174Average earning assets
  • $14,387Average equity
  • $167,010Average loans

List of branches

  • 1 Kansas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360127Cornerstone Bank9120 W. 135th Street, Overland Park, KS 66221October 26, 2001Full Service Brick and Mortar
  • 1 Missouri Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1461447196a Nw Oldham Parkway Branch196a Nw Oldham Parkway, Lees Summit, MO 64081March 12, 2007Limited Service Loan Production

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cornerstone Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents