Vitals
  • Total Assets
    211.3M -0.1 %
  • Total Deposits
    183.7M 3.6 %
  • Total Net Loans
    138.7M 4.6 %
  • Net Income
  • Book Value
    18.2M -18.2 %
  • Book Value x2
    36.5M -18.2 %
  • Book Value x3
    54.7M -18.2 %
ROAA

ROAE

Efficiency Ratio

107.174

Net Interest Margin

4.977

Balance Sheet Highlights
Financial Highlights Cornerstone Bank All Insured Commercial Banks in Connecticut
Balance Sheet $(000)
Total Assets 211,318 401,849
Total Net Loans 138,747 746,765
Total Deposits 183,744 279,592
Total Equity 18,231 73,360
Profitability
Net Income — 17,038
Return on Average Assets — 1.174
Return on Average Equity — 10.498
Net Interest Margin 4.977 4.035
Efficiency Ratio 107.174 74.953
Noninterest Income/Revenue 10.232 46.632
Balance Sheet Ratios
Loan-to-Deposit 75.511 79.602
Securities/Assets .178 .651
Total Equity/Total Assets .086 .183
Tangible Equity/Tangible Assets .086 -.704
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 18,237 34,840
Tier 2 Capital 2,055 18,452
Total Capital 20,292 36,355
Total Risk Weighted Assets 164,217 188,057
Leverage Ratio 8.62 11.882
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 11.11 17.5
Total Capital Ratio 12.36 18.62

Timeline for Cornerstone Bank

Newalliance Bank

Cornerstone Bank was acquired by Newalliance Bank 18 years

View Profile Jan 02 2006

Cornerstone Business Credit, Inc.

Cornerstone Business Credit, Inc. became a new subsidiary organization for Cornerstone Bank.

View Profile Dec 01 2001

Cornerstone Bancorp, Inc.

Cornerstone Bancorp, Inc. became a new parent organization for Cornerstone Bank.

View Profile Mar 01 1999

Wachovia Corporation

Wachovia Corporation became a new parent organization for Cornerstone Bank.

View Profile Aug 15 1994

Cornerstone Bank

Cornerstone Bank was established 39 years ago and is currently headquartered in Stamford, CT.

Mar 12 1985
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Newalliance Bank Buyer 9,033,198 Acquisition Discontinued 1/2/2006
Relationships Role Relationship Start Relationship End
Cornerstone Bancorp, Inc. Parent 3/1/1999 1/1/2006
Wachovia Corporation Parent 8/15/1994 12/30/1999
Cornerstone Business Credit, Inc. Subsidary 12/1/2001 1/1/2006
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