Cornerstone National Bank

Headquarters

1670 East Main Street
Easley, SC 29641
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 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 - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

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:




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Note to Cornerstone National Bank
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Branches

Cornerstone National 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 National Bank Locations


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 BestCashCow.com 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% 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 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% 7.80%

Cornerstone National Bank has a Return on Equity of 4.14% 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 National Bank U.S. Bank Average
11.97% 12.68%

Cornerstone National Bank has a Capitalization of 11.97% 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 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

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 $ 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.
LIABILITIES
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

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 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.98
Multifamily
Mortgages
2.85
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?

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

Why are Cornerstone National Bank CD rates not competitive?

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

Is Cornerstone National Bank a commercial bank?

Yes

Where are Cornerstone National Bank locations?

See branch locations nearby.

Is Cornerstone National Bank open on Saturdays?

Is Cornerstone National Bank open on Sundays?

What time does Cornerstone National Bank open?

What time does Cornerstone National Bank close?

Are Cornerstone National Bank ATMs Open 24/7?

Do Cornerstone National Bank ATMs accept cash deposits?

Can Cornerstone National Bank customers use other ATMs?

Do Cornerstone National Bank branches have notaries?

Will Cornerstone National Bank notarize my document?

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

Will the Cornerstone National Bank branch print checks?

Do Cornerstone National Bank checks expire?

Does Cornerstone National Bank require US citizenship to open account?

Can Cornerstone National Bank close my account?

Does Cornerstone National Bank Report to credit bureaus?

Does Cornerstone National Bank Use Equifax?

What is Cornerstone National Bank's ACH Routing Number?

What is Cornerstone National Bank's SWIFT code?

Products

Does Cornerstone National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Cornerstone National Bank offer personal loans?

Compare personal loan rates here.

Does Cornerstone National Bank offer student loans?

Will Cornerstone National Bank cash a check?

Will Cornerstone National Bank redeem a savings bond?

Does Cornerstone National Bank cash savings bonds?

Will Cornerstone National Bank cash money orders?

Can Cornerstone National Bank issue a money order?

Does Cornerstone National Bank do currency exchange?

Background on The Bank

Who owns Cornerstone National Bank?

How long has Cornerstone National Bank been around?

Can Cornerstone National Bank transfer to other banks?

Does Cornerstone National Bank have quick pay?

Does Cornerstone National Bank accept rolled coins?

Will Cornerstone National Bank accept loose change?

Where is Cornerstone National Bank headquarters?

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