Cornerstone Community Bank in Chattanooga, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1997

  • Cornerstone Community Bank in Chattanooga, Tennessee (TN)
  • Show street view No street view available for this location

Cornerstone Community Bank - Overview

  • General
  • FDIC Certificate #: 34134
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cornerstone Community Bank (#26256)
    Federal Reserve ID: 2398596
    Date Established: Febuary 20, 1996
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 56277
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 20, 1996
    Last Structure Change Effective Date: October 15, 1997
    Last Structure Change Process Date: January 26, 1998
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 5319 Highway 153, Chattanooga, TN 37343
    County: Hamilton
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Chattanooga, TN-GA (#1560)
    Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860)
    CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
  • Financial Summary
  • Total assets: $48.4 mil

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $15Total assets
  • $28,298Cash and due from depository institutions
  • $2,511Interest-bearing balances
  • $1,165Securities
  • $6,204Federal funds sold & reverse repurchase agreements
  • $2,300Net loans & leases
  • $15,913Loan loss allowance
  • $201Trading account assets
  • $0Bank premises and fixed assets
  • $949Other real estate owned
  • $0Goodwill and other intangibles
  • $421Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $28,298Total liabilities
  • $22,922Total deposits
  • $22,779Interest-bearing deposits
  • $21,131Deposits held in domestic offices
  • 22779.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $143Total equity capital
  • $143Total bank equity capital
  • $5,376Perpetual preferred stock
  • $0Common stock
  • $590Surplus
  • $5,311Undivided profits
  • Memoranda
  • $-525Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $167Earning assets
  • $25,582Long-term assets (5+ years)
  • $484Average Assets, year-to-date
  • $17,902Average Assets, quarterly
  • $24,407Volatile liabilities
  • $6,355Insider loans
  • $130FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,833Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,387Total risk weighted assets
  • $19,119Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,229Total interest expense
  • $448Net interest income
  • $781Provision for loan and lease losses
  • $201Total noninterest income
  • $37Fiduciary activities
  • $0Service charges on deposit accounts
  • $31Trading account gains & fees
  • $0Additional noninterest income
  • $6Total noninterest expense
  • $1,262Salaries and employee benefits
  • $507Premises and equipment expense
  • $95Additional noninterest expense
  • $660Pre-tax net operating income
  • -$645Securities gains (losses)
  • $0Applicable income taxes
  • -$131Income before extraordinary items
  • -$514Extraordinary gains - net
  • $0Net income attributable to bank
  • -$514Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $5,901Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.72%Cost of funding earning assets
  • 2.82%Net interest margin
  • 4.91%Noninterest income to earning assets
  • 0.23%Noninterest expense to earning assets
  • 7.93%Net operating income to assets
  • -2.87%Return on assets (ROA)
  • -2.87%Pretax return on assets
  • -3.60%Return on equity (ROE)
  • -9.49%Retained earnings to average equity (YTD only)
  • -9.49%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 154,279Assets per employee
  • 1.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 69.86%Net loans and leases to core deposits
  • 96.89%Equity capital to assets
  • 19.00%Core capital (leverage) ratio
  • 23.44%Tier 1 risk-based capital ratio
  • 28.18%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $17,902Average earning assets
  • $5,414Average equity
  • $15,913Average loans

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

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