Cornerstone National Bank & Trust Company in Palatine, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cornerstone National Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 57061
    Status: Active
    Federal Reserve ID: 2929392
    Bank Holding Company (Regulatory Top Holder): Cornerstone Bancorp, Inc. (RSSDID: 2929383, Location: Palatine, IL)
    Date Established: October 16, 2000
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 356679
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 16, 2000
    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: One West Northwest Highway, Palatine, IL 60067
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $426.0 mil
    Equity capital: $42.7 mil
    Deposits held in domestic offices: $374.4 mil
    Return on assets (ROA): 0.34% ($1.4 mil)
    Quarterly return on assets: 0.39% ($1.7 mil)
    Return on Equity (ROE): 3.40% ($1.5 mil)
    Quarterly return on equity: 3.92% ($1.7 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.54% ($2,300.4 mil)
    Quarterly Pretax return on assets: 0.62% ($2,641.2 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
  • 67Total employees (full-time equivalent)
  • $425,995Total assets
  • $61,725Cash and due from depository institutions
  • $52,692Interest-bearing balances
  • $28,917Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $323,889Net loans & leases
  • $5,857Loan loss allowance
  • $0Trading account assets
  • $4,076Bank premises and fixed assets
  • $3,707Other real estate owned
  • $0Goodwill and other intangibles
  • $425,995Life insurance assets
  • $3,681All other assets
  • $383,253Total liabilities and capital
  • $374,438Total liabilities
  • $306,033Total deposits
  • $374,438Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 7248.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,567Subordinated debt
  • $42,742All other liabilities
  • $42,742Total equity capital
  • $42,742Total bank equity capital
  • $0Perpetual preferred stock
  • $5,880Common stock
  • $19,820Surplus
  • $17,042Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,392Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,168Income earned, not collected on loans
  • $0Earning assets
  • $1,126Long-term assets (5+ years)
  • $405,498Average Assets, year-to-date
  • $13,727Average Assets, quarterly
  • $419,117Volatile liabilities
  • $424,928Insider loans
  • $348,583FHLB advances
  • $428,465Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $42,472Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $94,087Restructured Loans and leases
  • $14,359Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,872Total interest income
  • $3,026Total interest expense
  • $14,846Net interest income
  • $3,700Provision for loan and lease losses
  • $3,117Total noninterest income
  • $1,518Fiduciary activities
  • $451Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,148Additional noninterest income
  • $11,984Total noninterest expense
  • $7,042Salaries and employee benefits
  • $991Premises and equipment expense
  • $3,951Additional noninterest expense
  • $2,279Pre-tax net operating income
  • $3Securities gains (losses)
  • $857Applicable income taxes
  • $1,425Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,425Net income attributable to bank
  • $0Net charge-offs
  • $1,425Cash dividends
  • $2,646Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 3.40%Return on equity (ROE)
  • 3.40%Retained earnings to average equity (YTD only)
  • 0.80%Net charge-offs to loans
  • 139.83%Credit loss provision to net charge-offs
  • 2.26%Efficiency ratio
  • 66,715Assets per employee
  • 6.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 34.12%Noncurrent assets plus other real estate owned to assets
  • 4.90%Noncurrent loans to loans
  • 5.21%Net loans and leases to deposits
  • 86.50%Net loans and leases to core deposits
  • 95.20%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 12.18%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $419,117Average earning assets
  • $41,898Average equity
  • $403,285Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $286,309Managed Assets
  • 1Number of Accounts
  • $253,848Personal trust and agency accounts
  • $30,575Employee benefit-defined contribution accounts
  • $30,459Employee benefit-defined benefit accounts
  • $390Other retirement accounts
  • $41,497Corporate trust and agency accounts
  • $5,613Investment management agency accounts
  • $143,113Other fiduciary accounts
  • $2,201Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 463Number of Accounts
  • $0Personal trust and agency accounts
  • $41,497Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $32,461Other retirement accounts
  • $0Corporate trust and agency accounts
  • $4,123Other fiduciary accounts
  • $28,301Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356679Cornerstone National Bank & Trust CoOne West Northwest Highway, Palatine, IL 60067October 16, 2000Full Service Brick and Mortar
    1462140Cornerstone National Bank & Trust Co650 East Terra Cotta Avenue, Suite 11, Crystal Lake, IL 60014Febuary 12, 2007Full Service Brick and Mortar
    2493606Lake Zurich Branch585 Ela Rd, Lake Zurich, IL 60047March 01, 2009Full Service Brick and Mortar

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