First CornerStone Bank

Headquarters

1004 West Ninth Avenue
King Of Prussia, PA 19406
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

First CornerStone Bank is an FDIC insured institution located in King Of Prussia, PA. It was founded in 2000 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35312
Date Established 2000
Assets $ 115.11 million
Loans $ 62.28 million
Deposits $ 108.96 million
Capital $ 5.97 million
 

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

Deposit Rates - September 20, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 20, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First CornerStone 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia 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
2.990 %
$0 Learn More
More Info

Note to First CornerStone Bank
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Branches

First CornerStone 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:
Ashburn,Virginia


First CornerStone Bank Locations


Financial Details

First CornerStone Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First CornerStone 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
First CornerStone Bank U.S. Bank Average
262.08% 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, First CornerStone Bank had $11,047,000 in non-current loans and $7,325,000 in owned real estate. To cover these potential losses it had $5,967,000 in equity and $1,043,000 in loans loss reserves. That gives it a Texas Ratio of 262.08%.

Return on Equity
First CornerStone Bank U.S. Bank Average
-67.18% 7.80%

First CornerStone Bank has a Return on Equity of -67.18% 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
First CornerStone Bank U.S. Bank Average
5.18% 12.68%

First CornerStone Bank has a Capitalization of 5.18% 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.

First CornerStone Bank Balance Sheet Analysis

As of March 31, 2015, First CornerStone Bank had assets of $103,307,000, loans of $62,277,000, and deposits of $108,960,000. 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 $ 62.28 million
Loan loss allowance $ 1.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.33 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 108.96 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 $ 115.11 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 First CornerStone Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Pennsylvania, First CornerStone 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 28.78
Multifamily
Mortgages
1.59
Credit Card Loans 0.00
Consumer Auto Loans 0.87
Small Business Loans 28.60
Construction and Development Loans 2.08
Commercial Real Estate 59.45
Commercial and Industrial Loans 3.24
Farm Loans 0.45

Frequently Asked Questions About First Cornerstone Bank

Branches and Savings

Is First Cornerstone Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35312.

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

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

Why are First Cornerstone Bank CD rates not competitive?

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

Is First Cornerstone Bank a commercial bank?

Yes

Where are First Cornerstone Bank locations?

See branch locations nearby.

Is First Cornerstone Bank open on Saturdays?

Is First Cornerstone Bank open on Sundays?

What time does First Cornerstone Bank open?

What time does First Cornerstone Bank close?

Are First Cornerstone Bank ATMs Open 24/7?

Do First Cornerstone Bank ATMs accept cash deposits?

Can First Cornerstone Bank customers use other ATMs?

Do First Cornerstone Bank branches have notaries?

Will First Cornerstone Bank notarize my document?

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

Will the First Cornerstone Bank branch print checks?

Do First Cornerstone Bank checks expire?

Does First Cornerstone Bank require US citizenship to open account?

Can First Cornerstone Bank close my account?

Does First Cornerstone Bank Report to credit bureaus?

Does First Cornerstone Bank Use Equifax?

What is First Cornerstone Bank's ACH Routing Number?

What is First Cornerstone Bank's SWIFT code?

Products

Does First Cornerstone Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Cornerstone Bank offer personal loans?

Compare personal loan rates here.

Does First Cornerstone Bank offer student loans?

Will First Cornerstone Bank cash a check?

Will First Cornerstone Bank redeem a savings bond?

Does First Cornerstone Bank cash savings bonds?

Will First Cornerstone Bank cash money orders?

Can First Cornerstone Bank issue a money order?

Does First Cornerstone Bank do currency exchange?

Background on The Bank

Who owns First Cornerstone Bank?

How long has First Cornerstone Bank been around?

Can First Cornerstone Bank transfer to other banks?

Does First Cornerstone Bank have quick pay?

Does First Cornerstone Bank accept rolled coins?

Will First Cornerstone Bank accept loose change?

Where is First Cornerstone Bank headquarters?

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