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Cornerstone Bank

Moorestown, NJ · Cert 35286

FDIC · 7 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area (n=33 to 37). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

10

Q2 2024Q2 2024peer median (50)

Asset Quality

79

Q2 2024Q2 2024peer median (50)

Profitability

34

Q2 2024Q2 2024peer median (50)

Liquidity

63

Q2 2024Q2 2024peer median

Efficiency

19

Q2 2024Q2 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Cornerstone Bank

Moorestown, NJ · Cert 35286

FDIC · 7 branches

Q2 2024

$322.7MAssets
$277.3MLoans
$290.7MDeposits
$27.5MEquity
Loan mix
86%RE $194.1M14%C&I $31.4M0%Consumer $0.0MQ2 2023Q2 2024
Deposit mix
74%Interest-bearing $216.4M26%Noninterest $74.3MQ2 2023Q2 2024

NIM

2.70%Q2 ’224.34%Q2 ’234.91%Q2 ’24+29%-3%

Non-interest income vs. expense

3.23%Q2 ’223.60%Q2 ’233.54%Q2 ’24+13%-3%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2024 SOD (annual) · 0.0% share · #50 of 91 inst. · $0.3B of $611.1B

1.3% Burlington
0.7% Camden
0.2% Gloucester

Executive Summary

  • Earnings: ROA of 0.02%, up 1 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.13% of loans (-9 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 7.43%, down 30 bps from a year ago.
  • Funding: loans stand at 95.39% of deposits as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

0.02%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-9 bps YoY

Efficiency Ratio (YTD, annualized)

100.09%-50 bps YoY

Tier 1 Leverage Ratio

7.43%-30 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.00%0.03%0.02%-0.15%0.02%+1 bps
Return on Equity0.05%0.33%0.25%-1.70%0.19%+14 bps
Net Interest Margin3.42%3.35%3.38%3.20%3.33%-9 bps
Efficiency Ratio100.59%100.13%100.31%106.80%100.09%-50 bps
Non-Interest Burden3.38%3.30%3.34%3.38%3.28%-10 bps
Growth
Asset Growth (YoY)3.85%5.10%8.02%7.13%2.69%-116 bps
Loan Growth (YoY)31.64%21.37%10.18%4.93%1.18%-3,045 bps
Deposit Growth (YoY)0.61%5.50%4.03%7.57%6.68%+607 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.15%0.14%0.14%0.13%-9 bps
Net Charge-Offs / Loans0.00%0.00%0.00%-0.01%-0.01%0 bps
Allowance / Loans1.10%1.08%1.07%1.07%1.07%-3 bps
Allowance Coverage of NPLs4.8x6.9x7.4x7.7x8.0x+3.2x
Capital
Tier 1 Leverage Ratio7.72%7.47%7.57%7.43%7.43%-30 bps
Total Risk-Based Capital10.53%10.34%10.28%10.13%10.23%-30 bps
Equity / Assets8.68%8.42%8.65%8.40%8.53%-15 bps
Liquidity & Funding
Loans / Deposits100.57%95.17%100.98%94.23%95.39%-518 bps
Liquid Assets / Assets0.12%1.10%0.40%2.21%2.10%+198 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Cornerstone Bank

Moorestown, NJ · Cert 35286 · Peer group: banks under $1B in assets in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area (n=33-37)

FDIC · 7 branches

Q2 2024

$322.7MAssets
$277.3MLoans
$290.7MDeposits
$27.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area (rank 15 of 33).
  • Widest gap: tier 1 capital ratio trails 100% of banks under $1B in assets in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area (rank 37 of 37).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.02%

Rank 32 of 37

Net Interest Margin

3.33%

Rank 10 of 36

Efficiency Ratio

100.09%

Rank 31 of 37

Equity / Assets

8.53%

Rank 27 of 37

Non-interest income vs. expense

$0.9M$11.4MINCOMEEXPENSE
Unfavorable gap of $10.6M · efficiency ratio beats 19% of banks under $1B in assets in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.02%0.31%0.70%1.24%Beats 14%32 / 37
Return on Equity0.19%2.07%4.84%11.23%Beats 16%31 / 37
Net Interest Margin3.33%2.63%2.96%3.45%Beats 72%10 / 36
Efficiency Ratio100.09%62.14%71.36%84.51%Beats 19%31 / 37
Asset Quality
Nonperforming Loans / Loans0.13%0.02%0.25%0.70%Beats 58%15 / 33
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 100%15 / 33
Capital
Tier 1 Capital Ratio9.07%12.71%17.44%29.99%Beats 0%37 / 37
Total Risk-Based Capital Ratio10.23%13.96%18.38%31.20%Beats 3%36 / 37
Equity / Assets8.53%8.14%10.05%19.96%Beats 27%27 / 37
Liquidity & Funding
Loans / Deposits95.39%54.71%85.51%99.29%62nd pctl14 / 37
Loans / Assets85.92%52.86%73.67%78.30%88th pctl4 / 33
Brokered Deposits / Depositsn/aNot reported for this institution