# CORNERSTONE NATIONAL BANK
EASLEY, SC · FDIC certificate 35179 · asset band <$300M · latest filing 2017-09 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (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 | $146.5M | |
| Deposits | $127.4M | |
| Loans and leases | $61.6M | |
| Total equity | $18.0M | |
| Loans / deposits | 47.50% (p13 of band) | 76.19% |
| Liquid assets / assets | 51.83% (p83 of band) | |
| Uninsured deposits / deposits | 11.04% (p32 of band) | 14.99% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.54% (p40 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.88% (p62 of band) | 11.02% |
| Unrealized securities loss / equity | 0.86% (p74 of band) | 0.02% |
| AOCI / equity | 2.20% (p76 of band) | |
| ROA (annualized) | 0.14% (p8 of band) | 0.90% |
| Net interest margin | 3.13% (p21 of band) | 3.71% |
| Efficiency ratio | 94.49% (p93 of band) | |
| Noncurrent loans | 0.06% (p21 of band) | 0.62% |
| Net charge-offs (annualized) | -0.02% (p12 of band) | |
| Reserve coverage of noncurrent | 2768.42% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 52.23% (p81 of band) | |
| Auto loans | $184,000 (0.30% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.2% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 4 | losing money |  |
| 2011-09 | 5 | capital falling |  |
| 2011-12 | 4 |  | noncurrent p90 |
| 2012-03 | 6 | deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling |
| 2012-06 | 2 |  | losing money, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2012-09 | 5 | losing money, deposits shrinking, assets shrinking |  |
| 2012-12 | 3 |  | reserve under noncurrent, losing money |
| 2013-03 | 2 |  | assets shrinking |
| 2013-06 | 5 | losing money, expense ratio p90, assets shrinking |  |
| 2013-09 | 4 |  | deposits shrinking |
| 2013-12 | 2 |  | losing money, assets shrinking |
| 2014-03 | 1 |  | expense ratio p90 |
| 2014-06 | 0 |  | construction >100% equity |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | expense ratio p90 |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | expense ratio p90 |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 1 | expense ratio p90 | capital falling |

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

- 2017-10-23 [Cornerstone Bancorp Shareholders Approve Merger with First Community Corporation - PR Newswire](https://news.google.com/rss/articles/CBMi0gFBVV95cUxOS0hOaVBRM3VQMFA2ekZTWHRoVWNSdUlQblNIRzJtZGVSSFFjRjZENm03cHQ4Y2p5RDVlakc1WkFZRmx6NnYwZWxpSHlvX1pfVl93dWdKOW5ZZUFITDN3T05LQ3FmTFRxNDRYZkRMeVdTVVp5cUVfa1pVTjZhOXdsTlMyS203enVLWEM3aW9ZSG50dEV4TWNDRzB2UmZ2Yjc4NWltSEdCZ2ppVERpbm5sUzJFUWpRM1QyM0twcW14V2xLQ2R5X01iZ0cxb3JvRTV3Qnc?oc=5) · PR Newswire
- 2020-08-14 [John Rodger Anthony Obituary Aug 14, 2020 - obits.robinsonfuneralhomes.com](https://news.google.com/rss/articles/CBMiY0FVX3lxTE51NnhsVklPXzM2ck14ekF1dlpTR19rcFkyeUJQZWFfVXBuZlIzTmxiM05RWmdSU1J0OWlwWEhjZk9NVEtfclc4TzU5RXVzYzI5S2s2SlNZUHJiMkh5cklTY0xDQQ?oc=5) · obits.robinsonfuneralhomes.com
- 2017-10-23 [First Community Corporation Completes Acquisition of Cornerstone Bancorp - PR Newswire](https://news.google.com/rss/articles/CBMixwFBVV95cUxNQmQxdi11cDZUV0dHbVdJNUlSM1dreTJTN010WkhQb3AtTW5haWZVRUZwMkpTNFpYSDRBLVU0VXJEM2FHR3JEaGFXOVB2aGduUjliZk45V2hBMW5Eakdsa1ozcmdCS2h4b0xJY3ZKYTZoZE1sa1N3WnBkMDNSUGFuTWpCQVhRN1FyS0JmOXhPNjFxSTBOSmhZYjkybUNhTVFuWWk5enZGRmpHbVd3dm1ndG5OcjJQNDhTTUZaV1ZLbjNFWW1ZTXRj?oc=5) · PR Newswire
- 2013-10-04 [Williams-Merriam Engagement - Online Athens](https://news.google.com/rss/articles/CBMirgFBVV95cUxPTEo0dVh6ZTNoZnFXVkREVDBzYTExN21qR3lmam9GSnZYUmtvcUlnS3VzWm1kSG5VbTF0MDFBOWpiRHNXQ2FFZmtEc1JvdUxWbFlEYjkzNUtrTVZfdS1rdTNaaExGbXY0WVkwSjhpNC0zZmd3czAtLUJ3WVdXM3VibVZsUy1La1dxYXJvQnhCOC16OWhEdnpJVDQ4QkRzZ3Z5RXVwYkM0b19DcXVxQ1E?oc=5) · Online Athens
- 2010-10-18 [Walter L. Brooks Obituary Oct 18, 2010 - obits.robinsonfuneralhomes.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9tRGVneWkxZXVXUEdIXzJSblFDemtNdDlKTWdwaHBLZDdOWWdJeUpmTHRWUkdTMW1ESk9qMGFHcDU0Q1JxMjNjRmhTRFBkcC1lQk5kSGlHT1VyNEZySFlfa0MyakY?oc=5) · obits.robinsonfuneralhomes.com
- 2008-12-10 [Ed Childress Obituary (2008) - Easley, SC - The Greenville News - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPRHBHMmp6WGFiSE4wcnJnRk1jc0RtUXFpUGpVR1Y4Z09zM1JlcEpPdDIyQlFJeGNSdlM4SjlfQUxIQmd6SHIwa2ZLTGpxbUFQWDVYLVVNbG8zcnk2aVdMTXJ6V2QzZUxDY3QwWV9yMnFvbVRNQ3JVanozY3dmei1zRDRUUU1hQ1RlYmViT0NDMEJPUVZtM1ZN?oc=5) · legacy.com
- 2014-05-16 [Williams-Merriam Wedding - Online Athens](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNYkZGaVpQaEVTSG1pYzJyQWdlUXF6RnB0cEFZc3dXaHV1OGo2ckhLb2xFenoxejFOLXlCX0stcUh3dnJwdzlTZW8zb1QtSmlhN09lZm5aSHZJblBIZUdTbXRka01MT3Y2OEZGblMtS3RPRTdoR3pzbDVQT3EwMkZvN0dRSEpqNkJvQnYtN2NSVmhhUW91Rmd4VF8xYlA0V2txc2NTYWJMckRndw?oc=5) · Online Athens
- 2015-02-15 [Corey Smith Obituary Feb 15, 2015 - obits.robinsonfuneralhomes.com](https://news.google.com/rss/articles/CBMiX0FVX3lxTE1FSkxEb0tlcjhCX3RDTG95NkhHLTlHMTdUZ1dUbDJsVVVyRDRVakw4TmEwOUlyUFhmZGxmUE5ZdjgzeHM4WjM2aHNrSWZoT0c3c1NUQWpyUVZZX3htNmNN?oc=5) · obits.robinsonfuneralhomes.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35179 (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/43.json (key "35179", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide