# FIRST CORNERSTONE BANK
KING OF PRUSSIA, PA · FDIC certificate 35312 · asset band <$300M · latest filing 2016-03 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 10 (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 | $103.3M | |
| Deposits | $101.0M | |
| Loans and leases | $50.4M | |
| Total equity | $2.1M | |
| Loans / deposits | 48.92% (p17 of band) | 72.92% |
| Liquid assets / assets | 45.85% (p73 of band) | |
| Uninsured deposits / deposits | 9.55% (p30 of band) | 13.88% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 2.00% (p0 of band) | 10.70% |
| Unrealized securities loss / equity | 0.33% (p30 of band) | 1.19% |
| AOCI / equity | 13.02% (p100 of band) | |
| ROA (annualized) | -4.37% (p0 of band) | 0.83% |
| Net interest margin | 2.60% (p8 of band) | 3.64% |
| Efficiency ratio | 503.15% (p100 of band) | |
| Noncurrent loans | 8.06% (p99 of band) | 0.70% |
| Net charge-offs (annualized) | 0.22% (p90 of band) | |
| Reserve coverage of noncurrent | 24.18% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 70.83% (p89 of band) | |
| Auto loans | $350,000 (0.69% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -7.3% | |
| Employees | 26 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | leverage <7%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 6 | capital falling |  |
| 2011-12 | 10 | leverage <5%, charge-offs p90, construction >100% equity |  |
| 2012-03 | 10 | assets shrinking | charge-offs p90 |
| 2012-06 | 11 | deposits shrinking |  |
| 2012-09 | 9 |  | capital falling, construction >100% equity |
| 2012-12 | 9 |  |  |
| 2013-03 | 6 |  | leverage <7%, leverage <5% |
| 2013-06 | 8 | leverage <7%, charge-offs p90 |  |
| 2013-09 | 9 | capital falling |  |
| 2013-12 | 9 |  |  |
| 2014-03 | 6 |  | leverage <7%, charge-offs p90, capital falling |
| 2014-06 | 7 | charge-offs p90 |  |
| 2014-09 | 7 | capital falling | charge-offs p90 |
| 2014-12 | 10 | leverage <7%, charge-offs p90, uninsured deposits leaving |  |
| 2015-03 | 8 |  | charge-offs p90, uninsured deposits leaving |
| 2015-06 | 10 | leverage <5% |  |
| 2015-09 | 9 |  | deposits shrinking |
| 2015-12 | 8 |  | capital falling |
| 2016-03 | 10 | charge-offs p90, deposits shrinking |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2023-03-28 [First Citizens Bank is buying SVB – Here are the other failed banks it’s bought - Forbes Australia](https://news.google.com/rss/articles/CBMipgFBVV95cUxPYWVWZVVsYVZxVWh1MHhOQzVuRE9odHd3dG5jWTUwSW9uWHNyRmVIOTVMbzNpRGRxencySnN2Rks5QTdXa3lnLWJDU2xUR0tjYjk4SHlUWVNtSXc5NFcxa1MzUkxlaVAtdzNtMjRPeHc0NTIwVTdLRHcxWVVERnZiNWZhNVdQZ0VXVGJXUllKSnpnV0tjU2hkSlN2VGJQUmk5bTR0bG5B?oc=5) · Forbes Australia
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2016-05-10 [Bank corners market on expansion by acquiring failed institutions - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxObl9pRVpFR3Q0cEotME9BMmg2QnFRbjNfUVMtN1VWQlViN3dWX0hnQ2l4RzRCLWFHNFp1S1N2WUdhc3NpLW9LeUE0MTAwY1VtTm0xVjA2U2RfcHhKbFA0QlZ3T2NsQjhNTE9XVEFWRzJPM183aVUtWDgtTlFycVFWUHFPbUtLMmhEbFZRUXNBOTRHbi1aQzREZ2VuVEk2RHJQYlBqRHVjZ0xxZw?oc=5) · The Business Journals
- 2014-05-09 [2 charged for robberies in Chesco, Berks - dailylocal.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQcGZDZUlGV1FyY2NqSk1JdDlvRWNFaWFWZEdiOHhxVjNpT1RaUTk4b1h3bkhkM3RUU2RoTXk5U1NrTkFKODg5RjRmeGctb2pQZ3MwTURDeG5qLWEtaE5hYWtYQlAzNllZVEcxU2Nkd0RNTDlvMFQxa1RkNTZwQTVTMVVKRUk?oc=5) · dailylocal.com
- 2018-07-26 [Dina Baudoux Obituary (2018) - Paoli Hospital, PA - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxQak1TLWRpNUxNLVUtM05FdGROckJNRTIxdGxPa1hZS0dCVWc1V3ZvVzU4V1JjcEVneTZxRFF4UkQtZmtuZnlpOHI2X0s1MmxnMDZYcWRwWlZGUVVWRFFOTVozZHlLejRrbkZTMExLV0hXSDNZVG5mYlBDaUdXRWYyZg?oc=5) · legacy.com
- 2018-07-19 [Winbak To Be In The Spotlight - standardbredcanada.ca](https://news.google.com/rss/articles/CBMiekFVX3lxTE5lcVZzM19iMXJjQ0JjYy14cFQ0Uy1DM2ZlXzh3X0ZQaEFCa0xTc2s3bFEwVmVrMF9CZjU4cC1JVWd6UVJjTkpBYUEybGd0VmQ0N2dQb3BYeS1Dc0k5X054cXdSM1FLUU9MV1pXcUhZSGZwR0ZyNG9Yem13?oc=5) · standardbredcanada.ca
- 2023-03-27 [US Banking Giant First Citizens Bank Agrees To Buy Collapsed Silicon Valley Bank - Indiatimes](https://news.google.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?oc=5) · Indiatimes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35312 (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/48.json (key "35312", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide