Cornerstone Community Bank in Red Bluff, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Cornerstone Community Bank in Red Bluff, California (CA)
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Cornerstone Community Bank - Overview

  • General
  • FDIC Certificate #: 58411
    Status: Active
    Federal Reserve ID: 3485420
    Date Established: October 23, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 451131
    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: October 23, 2006
    Last Structure Change Effective Date: April 04, 2012
    Last Structure Change Process Date: April 04, 2012
    Last Data Update: April 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 237 South Main Street, Red Bluff, CA 96080
    County: Tehama
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Red Bluff, CA (#39780)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $91.3 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $80.6 mil
    Return on assets (ROA): 0.86% ($0.8 mil)
    Quarterly return on assets: 0.96% ($0.9 mil)
    Return on Equity (ROE): 7.33% ($0.7 mil)
    Quarterly return on equity: 8.24% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.29% ($264.9 mil)
    Quarterly Pretax return on assets: 0.25% ($228.4 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
  • 27Total employees (full-time equivalent)
  • $91,347Total assets
  • $2,402Cash and due from depository institutions
  • $445Interest-bearing balances
  • $22,173Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,234Net loans & leases
  • $1,270Loan loss allowance
  • $0Trading account assets
  • $1,226Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $91,347Life insurance assets
  • $2,312All other assets
  • $81,177Total liabilities and capital
  • $80,642Total liabilities
  • $68,809Total deposits
  • $80,642Interest-bearing deposits
  • $59Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $535Subordinated debt
  • $10,170All other liabilities
  • $10,170Total equity capital
  • $10,170Total bank equity capital
  • $0Perpetual preferred stock
  • $11,959Common stock
  • $685Surplus
  • $-2,474Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $185Income earned, not collected on loans
  • $49Earning assets
  • $439Long-term assets (5+ years)
  • $85,852Average Assets, year-to-date
  • $43,242Average Assets, quarterly
  • $81,277Volatile liabilities
  • $86,585Insider loans
  • $71,404FHLB advances
  • $86,998Loans and leases held for sale
  • $737Unused loan commitments
  • $737Tier 1 (core) risk-based capital
  • $9,473Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,968Restructured Loans and leases
  • $12,372Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,414Total interest income
  • $656Total interest expense
  • $3,758Net interest income
  • $259Provision for loan and lease losses
  • $281Total noninterest income
  • $0Fiduciary activities
  • $84Service charges on deposit accounts
  • $0Trading account gains & fees
  • $197Additional noninterest income
  • $3,583Total noninterest expense
  • $1,935Salaries and employee benefits
  • $403Premises and equipment expense
  • $1,245Additional noninterest expense
  • $197Pre-tax net operating income
  • $37Securities gains (losses)
  • -$469Applicable income taxes
  • $703Income before extraordinary items
  • $0Extraordinary gains - net
  • $703Net income attributable to bank
  • $0Net charge-offs
  • $703Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.91%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 4.68%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 7.33%Return on equity (ROE)
  • 7.33%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 278.49%Credit loss provision to net charge-offs
  • 4.90%Efficiency ratio
  • 88,710Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 686.49%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 78.41%Net loans and leases to core deposits
  • 93.24%Equity capital to assets
  • 11.13%Core capital (leverage) ratio
  • 10.89%Tier 1 risk-based capital ratio
  • 13.27%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $81,277Average earning assets
  • $9,595Average equity
  • $76,579Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451131Cornerstone Community Bank237 South Main Street, Red Bluff, CA 96080October 23, 2006Full Service Brick and Mortar

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