Cornerstone National Bank


1670 East Main Street
Easley, SC 29641
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Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cornerstone National Bank is an FDIC insured institution located in Easley, SC. It was founded in 1999 and has approximately $0.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35179
Date Established 1999
Assets $ 150.80 million
Loans $ 60.53 million
Deposits $ 127.42 million
Capital $ 18.05 million

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

Deposit Rates - April 14, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - April 14, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Cornerstone National Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.698% 2.625% 1.00 $2,370 $1,005 Learn More
Morty, Inc.
NMLS ID: 1429243
2.700% 2.625% 0.63 $2,470 $1,005 Learn More
CashCall Mortgage
NMLS ID: 128231
2.933% 2.875% 0.75 $1,875 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Cornerstone National Bank
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Financial Details

Cornerstone National Bank Ratio Analysis

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

Texas Ratio
Cornerstone National Bank U.S. Bank Average
9.34% 5.49%

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 December 31, 2020, Cornerstone National Bank had $38,000 in non-current loans and $1,745,000 in owned real estate. To cover these potential losses it had $18,046,000 in equity and $1,052,000 in loans loss reserves. That gives it a Texas Ratio of 9.34%.

Return on Equity
Cornerstone National Bank U.S. Bank Average
4.14% 9.24%

Cornerstone National Bank has a Return on Equity of 4.14% versus the BestCashCow average of 9.24%. 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.

Cornerstone National Bank U.S. Bank Average
11.97% 11.96%

Cornerstone National Bank has a Capitalization of 11.97% versus the BestCashCow average of 11.96. 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 National Bank Balance Sheet Analysis

As of September 30, 2017, Cornerstone National Bank had assets of $146,461,000, loans of $60,526,000, and deposits of $127,418,000. 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

December 31, 2020
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 $ 60.53 million
Loan loss allowance $ 1.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.75 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 127.42 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 $ 150.80 million

Summary Income Statement

December 31, 2020
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 National Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in South Carolina, Cornerstone National Bank has a significantly higher percent of Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.98
Credit Card Loans 0.00
Consumer Auto Loans 0.30
Small Business Loans 0.00
Construction and Development Loans 15.57
Commercial Real Estate 61.39
Commercial and Industrial Loans 4.94
Farm Loans 0.00

Frequently Asked Questions About Cornerstone National Bank

Branches and Savings

Is Cornerstone National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35179.

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

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Why are Cornerstone National Bank CD rates not competitive?

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Is Cornerstone National Bank a commercial bank?


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Does Cornerstone National Bank offer mortgages?

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

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Does Cornerstone National Bank offer personal loans?

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Background on The Bank

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