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)
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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

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