Cornerstone Community Bank

Headquarters

835 Georgia Avenue
Chattanooga, TN 37401
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cornerstone Community Bank is an FDIC insured institution located in Chattanooga, TN. It was founded in 1985 and has approximately $0.44 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26256
Date Established 1985
Assets $ 425.48 million
Loans $ 292.38 million
Deposits $ 333.58 million
Capital $ 40.16 million
 

For a more detailed analysis of Cornerstone Community Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cornerstone Community Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AmeriSave Mortgage Corporation
NMLS ID: 1168
2.583% 2.500% 0.88 $2,728 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.555% 2.500% 0.75 $1,828 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Cornerstone Community Bank
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Branches

Cornerstone Community Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Cornerstone Community Bank Locations


Financial Details

Cornerstone Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cornerstone Community Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cornerstone Community Bank U.S. Bank Average
22.76% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Cornerstone Community Bank had $1,450,000 in non-current loans and $8,523,000 in owned real estate. To cover these potential losses it had $40,163,000 in equity and $3,657,000 in loans loss reserves. That gives it a Texas Ratio of 22.76%.

Return on Equity
Cornerstone Community Bank U.S. Bank Average
6.92% 7.80%

Cornerstone Community Bank has a Return on Equity of 6.92% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Cornerstone Community Bank U.S. Bank Average
9.44% 12.68%

Cornerstone Community Bank has a Capitalization of 9.44% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Cornerstone Community Bank Balance Sheet Analysis

As of March 31, 2015, Cornerstone Community Bank had assets of $440,309,000, loans of $292,376,000, and deposits of $333,576,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 292.38 million
Loan loss allowance $ 3.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 8.52 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 333.58 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 425.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Cornerstone Community Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Tennessee, Cornerstone Community Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.07
Multifamily
Mortgages
3.01
Credit Card Loans 0.10
Consumer Auto Loans 0.04
Small Business Loans 22.12
Construction and Development Loans 10.45
Commercial Real Estate 49.52
Commercial and Industrial Loans 12.06
Farm Loans 0.00

Frequently Asked Questions About Cornerstone Community Bank

Branches and Savings

Is Cornerstone Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26256.

Why does Cornerstone Community Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Cornerstone Community Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Cornerstone Community Bank a commercial bank?

Yes

Where are Cornerstone Community Bank locations?

See branch locations nearby.

Is Cornerstone Community Bank open on Saturdays?

Is Cornerstone Community Bank open on Sundays?

What time does Cornerstone Community Bank open?

What time does Cornerstone Community Bank close?

Are Cornerstone Community Bank ATMs Open 24/7?

Do Cornerstone Community Bank ATMs accept cash deposits?

Can Cornerstone Community Bank customers use other ATMs?

Do Cornerstone Community Bank branches have notaries?

Will Cornerstone Community Bank notarize my document?

What address for Cornerstone Community Bank should I put for incoming ACH transfers?

Will the Cornerstone Community Bank branch print checks?

Do Cornerstone Community Bank checks expire?

Does Cornerstone Community Bank require US citizenship to open account?

Can Cornerstone Community Bank close my account?

Does Cornerstone Community Bank Report to credit bureaus?

Does Cornerstone Community Bank Use Equifax?

What is Cornerstone Community Bank's ACH Routing Number?

What is Cornerstone Community Bank's SWIFT code?

Products

Does Cornerstone Community Bank offer mortgages?

Compare mortgage rates here.

Does Cornerstone Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cornerstone Community Bank offer personal loans?

Compare personal loan rates here.

Does Cornerstone Community Bank offer student loans?

Will Cornerstone Community Bank cash a check?

Will Cornerstone Community Bank redeem a savings bond?

Does Cornerstone Community Bank cash savings bonds?

Will Cornerstone Community Bank cash money orders?

Can Cornerstone Community Bank issue a money order?

Does Cornerstone Community Bank do currency exchange?

Background on The Bank

Who owns Cornerstone Community Bank?

How long has Cornerstone Community Bank been around?

Can Cornerstone Community Bank transfer to other banks?

Does Cornerstone Community Bank have quick pay?

Does Cornerstone Community Bank accept rolled coins?

Will Cornerstone Community Bank accept loose change?

Where is Cornerstone Community Bank headquarters?

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