The Corner Stone Bank Reports – 312356

The Corner Stone Bank Financial Reports

Quater Ended: 2024-03-31

The Corner Stone Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in South West City, MO. Established on 01/01/1898, the bank is regulated by the FDIC and has 5 domestic offices. It operates in the N/A.

The bank has 51 employees and holds $186,253k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1898.

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The Corner Stone Bank Institution Profile

Established Date 01/01/1898 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 5
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 51 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 64863
Ownership Type Not Mutual City South West City
State Alpha code MO State and County Number 29119
Subchapter S Corporations Yes Trust Powers Trust Powers Not Known
Federal Reserve ID Number 10 Federal Reserve ID Number Description KANSAS CITY
Office of The Comptroller District: WESTERN DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of The Corner Stone Bank with our “Institution Profile” table. The 01/01/1898 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

5 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as South West City, MO, and 64863 provide geographic context. Explore these attributes to gain a holistic view of The Corner Stone Bank in the financial landscape.

The Corner Stone Bank Financials

(USD, in thousands)

Total Assets 186,253 Total Liabilities 164,735
Total Equity Capital 21,518 Total Deposits 160,301
Net Loans and Leases 136,539 Total Interest Income 3,239
Total Noninterest Income 291 Total Interest Expense 1,048
Total Noninterest Expense 1,712 Tier 1 Risk-Based Capital Ratio 19
Net Loans and Leases to Core Deposits 98 Return on Assets 2
Return on Equity 13 Efficiency Ratio 69

Financial Performance Overview

Gain a comprehensive perspective on The Corner Stone Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $186,253k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $164,735k and total equity capital at $21,518k.

Delve into key operational metrics, including total deposits of $160,301k, net loans and leases at $137k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 18.5655, and Return on Assets at 1.5. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of The Corner Stone Bank’s performance and competitive positioning within the financial industry.

The Corner Stone Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 32 Net Loans and Leases to Core Deposits 98
Tier 1 Risk-Based Capital Ratio 19 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 7 Total Interest Income 3,239
Applicable Income Taxes 0 Loss Allowance to Loans and Leases 2
Net Loans and Leases 136,539 Loss Allowance to Noncurrent Loans and Leases 80
Noncurrent Loans to Loans 2 Net Income Attributable to Bank and Noncontrolling Interests 686
Net Interest Income 2,191 Net Interest Margin 5
Net Operating Income to Assets 2 Noninterest Income to Average Assets 1
Total Noninterest Income 291 Noninterest Expense to Average Assets 4
Total Noninterest Expense 1,712 Net Charge-Offs to Loans and Leases 0
All Other Assets 1,913 Other Real Estate Owned 50
Other borrowed funds 3,735 Pre-tax Net Operating Income 686
Pretax Return on Assets 2 Return on Assets 2
Retained Earnings to Average Equity (YTD only) 9

Insights into Financial Metrics

Enhance your understanding of The Corner Stone Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $136,539k and Net Interest Income $2,191k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 18.5655 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.07 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$291k and evaluate operational efficiency using metrics like Efficiency Ratio: 68.98. This nuanced financial overview empowers a comprehensive analysis of The Corner Stone Bank’s strategic financial position and performance in the industry.

This table provides key financial information about The Corner Stone Bank. Get more data about The Corner Stone Bank on Visbanking Report Portal.