# CORNERSTONEBANK
ATLANTA, GA · FDIC certificate 35027 · asset band <$300M · latest filing 2021-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $228.7M | |
| Deposits | $207.1M | |
| Loans and leases | $130.9M | |
| Total equity | $19.1M | |
| Loans / deposits | 62.14% (p48 of band) | 63.26% |
| Liquid assets / assets | 39.72% (p45 of band) | |
| Uninsured deposits / deposits | 28.74% (p81 of band) | 18.86% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.16% (p11 of band) | 10.61% |
| Unrealized securities loss / equity | -0.50% (p16 of band) | 0.71% |
| AOCI / equity | -2.29% (p26 of band) | |
| ROA (annualized) | 0.80% (p36 of band) | 1.03% |
| Net interest margin | 3.08% (p38 of band) | 3.29% |
| Efficiency ratio | 85.94% (p85 of band) | |
| Noncurrent loans | 3.99% (p96 of band) | 0.32% |
| Net charge-offs (annualized) | 0.00% (p28 of band) | |
| Reserve coverage of noncurrent | 43.56% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 35.35% (p74 of band) | |
| Auto loans | $9,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 12.1% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | brokered >10%, wholesale funding >15%, leverage <7%, NIM <2.5%, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 |  |  |
| 2011-09 | 4 |  | brokered >10%, wholesale funding >15% |
| 2011-12 | 8 | leverage <5%, capital falling, losing money |  |
| 2012-03 | 11 | expense ratio p90, charge-offs p90, deposits shrinking, assets shrinking | NIM <2.5% |
| 2012-06 | 11 | noncurrent p90 | expense ratio p90 |
| 2012-09 | 10 |  | capital falling |
| 2012-12 | 10 |  |  |
| 2013-03 | 9 |  | losing money |
| 2013-06 | 10 | expense ratio p90 |  |
| 2013-09 | 11 | capital falling, losing money | charge-offs p90 |
| 2013-12 | 12 | charge-offs p90 |  |
| 2014-03 | 10 |  | capital falling, losing money |
| 2014-06 | 11 | losing money |  |
| 2014-09 | 12 | uninsured deposits leaving |  |
| 2014-12 | 11 |  | uninsured deposits leaving |
| 2015-03 | 9 | uninsured deposits leaving | expense ratio p90, charge-offs p90, losing money |
| 2015-06 | 10 | expense ratio p90 |  |
| 2015-09 | 8 |  | assets shrinking, uninsured deposits leaving |
| 2015-12 | 7 |  | deposits shrinking |
| 2016-03 | 7 |  |  |
| 2016-06 | 7 |  |  |
| 2016-09 | 7 |  |  |
| 2016-12 | 7 |  |  |
| 2017-03 | 5 | losing money | leverage <5%, noncurrent p90 |
| 2017-06 | 5 |  |  |
| 2017-09 | 3 |  | leverage <7%, losing money |
| 2017-12 | 2 | noncurrent p90 | construction >100% equity, expense ratio p90 |
| 2018-03 | 3 | charge-offs p90 |  |
| 2018-06 | 3 | assets shrinking | noncurrent p90 |
| 2018-09 | 6 | expense ratio p90, noncurrent p90, deposits shrinking |  |
| 2018-12 | 7 | uninsured deposits leaving |  |
| 2019-03 | 8 | capital falling, losing money | charge-offs p90 |
| 2019-06 | 9 | charge-offs p90 |  |
| 2019-09 | 8 |  | capital falling |
| 2019-12 | 7 |  | uninsured deposits leaving |
| 2020-03 | 5 |  | deposits shrinking, charge-offs p90 |
| 2020-06 | 6 | capital falling, charge-offs p90 | assets shrinking |
| 2020-09 | 6 |  |  |
| 2020-12 | 5 |  | capital falling |
| 2021-03 | 2 |  | expense ratio p90, losing money, charge-offs p90 |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35027 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/19.json (key "35027", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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