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 Cornerstone Bank
Cornerstone Bank
| RSSD ID 2850768 | CERTIFICATE 35286 | ABA NUMBER 31207830 |
| 253 W Main St |
Quarter Ended : |
2024-06-30 |
| Moorestown, New Jersey, 8057 |
Updated : |
2024-07-18 |
| www.cornerstonebanknj.com |
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| Institution Profile |
| Year Opened : |
1999 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Statistical Area (MSA) : |
Philadelphia, PA-NJ |
| Number of Offices : |
7 |
Number of Employees : |
64 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 322,721 |
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Total Interest Income | 7,911 |
| Total Liabilities | 295,184 |
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Total NonInterest Income | 427 |
| Total Bank Equity Capital | 27,537 |
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Total Interest Expense | 2,636 |
| Total Deposits | 290,699 |
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Total NonInterest Expense | 5,707 |
| Net Loans & Leases | 271,588 |
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Net Income | 26 |
| Loan Loss Allowance | 2,972 |
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Net Charge Offs | (8) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 26,519 |
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Total loans | 275,986 |
| Total assets for the leverage ratio | 316,747 |
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Loans secured by real estate: | 249,526 |
| Tier 1 Leverage Ratio | 7.43 |
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Commercial and industrial loans | 26,457 |
| Tier 1 Capital Ratio | 9.07 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 10.23 |
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Loans to individuals - Other | 5 |
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:· Cornerstone Bank
