Cornerstone Bank, National Association in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 20, 1993

  • Cornerstone Bank, National Association in Dallas, Texas (TX)
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Cornerstone Bank, National Association - Overview

  • General
  • FDIC Certificate #: 26251
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Compass Bank-Dallas (#32700)
    Federal Reserve ID: 779454
    Date Established: May 20, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 32607
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 20, 1985
    Last Structure Change Effective Date: January 20, 1993
    Last Structure Change Process Date: January 28, 1993
    Last Data Update: August 24, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 8080 North Central Expressway, Suite 180, Dallas, TX 75206
    County: Dallas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $232.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $95Total assets
  • $231,980Cash and due from depository institutions
  • $16,935Interest-bearing balances
  • $0Securities
  • $51,530Federal funds sold & reverse repurchase agreements
  • $18,700Net loans & leases
  • $134,876Loan loss allowance
  • $3,834Trading account assets
  • $0Bank premises and fixed assets
  • $4,840Other real estate owned
  • $2,976Goodwill and other intangibles
  • $2,123Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $231,980Total liabilities
  • $217,062Total deposits
  • $208,858Interest-bearing deposits
  • $144,147Deposits held in domestic offices
  • 208858.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $3,984Trading liabilities
  • $0Other borrowed funds
  • $3,321Subordinated debt
  • $0All other liabilities
  • $899Total equity capital
  • $899Total bank equity capital
  • $14,918Perpetual preferred stock
  • $0Common stock
  • $5,875Surplus
  • $5,875Undivided profits
  • Memoranda
  • $3,168Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,773Income earned, not collected on loans
  • $868Earning assets
  • $205,106Long-term assets (5+ years)
  • $7,789Average Assets, year-to-date
  • $232,222Average Assets, quarterly
  • $232,496Volatile liabilities
  • $40,356Insider loans
  • $1,100FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $20,068Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,918Total risk weighted assets
  • $141,457Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,774Total interest expense
  • $5,683Net interest income
  • $11,091Provision for loan and lease losses
  • $2,652Total noninterest income
  • $3,299Fiduciary activities
  • $52Service charges on deposit accounts
  • $1,573Trading account gains & fees
  • $0Additional noninterest income
  • $1,674Total noninterest expense
  • $10,659Salaries and employee benefits
  • $4,733Premises and equipment expense
  • $1,458Additional noninterest expense
  • $4,468Pre-tax net operating income
  • $1,079Securities gains (losses)
  • $106Applicable income taxes
  • $403Income before extraordinary items
  • $782Extraordinary gains - net
  • $0Net income attributable to bank
  • $782Net charge-offs
  • $2,212Cash dividends
  • $792Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.33%Cost of funding earning assets
  • 2.82%Net interest margin
  • 5.51%Noninterest income to earning assets
  • 1.64%Noninterest expense to earning assets
  • 5.30%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.34%Pretax return on assets
  • 0.51%Return on equity (ROE)
  • 5.07%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • 1.60%Credit loss provision to net charge-offs
  • 119.89%Efficiency ratio
  • 73,822Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 101.28%Loss allowance to loans
  • 2.76%Loss allowance to noncurrent loans
  • 138.26%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 64.58%Net loans and leases to core deposits
  • 76.72%Equity capital to assets
  • 6.43%Core capital (leverage) ratio
  • 6.43%Tier 1 risk-based capital ratio
  • 10.55%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $232,222Average earning assets
  • $15,418Average equity
  • $201,289Average loans

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