Cornerstone Community Bank in Grafton, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cornerstone Community Bank - Overview

  • General
  • FDIC Certificate #: 33137
    Status: Active
    Federal Reserve ID: 1478231
    Bank Holding Company (Regulatory Top Holder): Community Bancshares Of Wisconsin, Inc. (RSSDID: 1492246, Location: Grafton, WI)
    Date Established: September 26, 1990
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 46372
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 26, 1990
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2090 Wisconsin Avenue, Grafton, WI 53024
    County: Ozaukee
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Milwaukee-Waukesha, WI (#5080)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340)
    CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $129.7 mil
    Equity capital: $11.2 mil
    Deposits held in domestic offices: $113.9 mil
    Return on assets (ROA): 0.66% ($0.9 mil)
    Quarterly return on assets: 0.84% ($1.1 mil)
    Return on Equity (ROE): 7.66% ($0.8 mil)
    Quarterly return on equity: 9.67% ($1.1 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.04% ($1,349.1 mil)
    Quarterly Pretax return on assets: 1.34% ($1,738.2 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
  • 26Total employees (full-time equivalent)
  • $129,719Total assets
  • $12,378Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,202Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,374Net loans & leases
  • $1,355Loan loss allowance
  • $501Trading account assets
  • $2,014Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $129,718Life insurance assets
  • $5,250All other assets
  • $118,509Total liabilities and capital
  • $113,916Total liabilities
  • $97,625Total deposits
  • $113,916Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,705Trading liabilities
  • $0Other borrowed funds
  • $1,888Subordinated debt
  • $11,209All other liabilities
  • $11,209Total equity capital
  • $11,209Total bank equity capital
  • $0Perpetual preferred stock
  • $1,300Common stock
  • $5,300Surplus
  • $4,609Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,297Income earned, not collected on loans
  • $35Earning assets
  • $352Long-term assets (5+ years)
  • $110,077Average Assets, year-to-date
  • $11,858Average Assets, quarterly
  • $126,945Volatile liabilities
  • $128,196Insider loans
  • $106,359FHLB advances
  • $128,965Loans and leases held for sale
  • $2,760Unused loan commitments
  • $1,756Tier 1 (core) risk-based capital
  • $11,155Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,004Total unused commitments
  • $12,865Restructured Loans and leases
  • $40Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,320Total interest income
  • $1,480Total interest expense
  • $4,840Net interest income
  • $700Provision for loan and lease losses
  • $634Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $74Trading account gains & fees
  • $443Additional noninterest income
  • $3,459Total noninterest expense
  • $1,999Salaries and employee benefits
  • $368Premises and equipment expense
  • $1,092Additional noninterest expense
  • $1,315Pre-tax net operating income
  • $0Securities gains (losses)
  • $475Applicable income taxes
  • $840Income before extraordinary items
  • $0Extraordinary gains - net
  • $840Net income attributable to bank
  • $0Net charge-offs
  • $840Cash dividends
  • $894Sale, conversion, retirement of capital stock, net
  • $480Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.71%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 7.66%Return on equity (ROE)
  • 3.28%Retained earnings to average equity (YTD only)
  • 0.82%Net charge-offs to loans
  • 78.30%Credit loss provision to net charge-offs
  • 2.25%Efficiency ratio
  • 63,190Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.14%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 58.99%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 2.09%Net loans and leases to deposits
  • 95.14%Net loans and leases to core deposits
  • 113.06%Equity capital to assets
  • 8.64%Core capital (leverage) ratio
  • 8.65%Tier 1 risk-based capital ratio
  • 10.49%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $126,945Average earning assets
  • $10,973Average equity
  • $110,600Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046372Cornerstone Community Bank2090 Wisconsin Avenue, Grafton, WI 53024September 26, 1990Full Service Brick and Mortar
    1289258Menomonee Falls BranchN91 W17231 Appleton Avenue, Menomonee Falls, WI 53051September 15, 1994Full Service Brick and Mortar
    2470024Fox Point Branch8607 North Port Washington Road, Fox Point, WI 53217September 17, 2007Full Service Brick and Mortar

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