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

  • Cornerstone Bank in Overland Park, Kansas (KS), MO
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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
    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

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