PackageTrendsPeer
Letter portraitLegal landscape

First Cornerstone Bank

King of Prussia, PA · Cert 35312

FDIC · 6 branches

Q1 2016

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2016, the quarter ended March 31, 2016, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

First Cornerstone Bank

King of Prussia, PA · Cert 35312

FDIC · 6 branches

Q1 2016

$103.3MAssets
$50.4MLoans
$101.0MDeposits
$2.1MEquity
Loan mix
94%RE $44.5M4%C&I $1.9M2%Consumer $0.9MQ1 2015Q1 2016
Deposit mix
90%Interest-bearing $91.4M10%Noninterest $9.6MQ1 2015Q1 2016

NIM

3.24%Q1 ’143.16%Q1 ’153.18%Q1 ’16-3%0%

Non-interest income vs. expense

5.31%Q1 ’145.75%Q1 ’155.49%Q1 ’16+12%+15%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2015 SOD (annual) · 0.0% share · #87 of 133 inst. · $0.1B of $437.1B

0.5% Delaware
0.1% Montgomery
0.2% Chester

Executive Summary

  • Earnings: ROA of -4.37%, down 99 bps year over year; NIM at 2.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.47%.
  • Capital: tier 1 leverage ratio of 2.00%, down 303 bps from a year ago.
  • Funding: loans stand at 49.89% of deposits as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

-4.37%-99 bps YoY

Net Interest Margin (YTD, annualized)

2.43%-1 bps YoY

Efficiency Ratio (YTD, annualized)

503%+24,917 bps YoY

Tier 1 Leverage Ratio

2.00%-303 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets-3.38%-3.95%-3.99%-3.04%-4.37%-99 bps
Return on Equity-62.51%-83.51%-94.06%-76.65%-180.77%-11,826 bps
Net Interest Margin2.43%2.44%2.41%2.57%2.43%-1 bps
Efficiency Ratio254%319%330%210%503%+24,917 bps
Non-Interest Burden5.92%6.38%6.40%5.68%6.83%+91 bps
Growth
Asset Growth (YoY)-12.50%-10.34%-6.03%-5.70%-10.05%+246 bps
Loan Growth (YoY)-7.27%-6.92%-11.98%-19.05%-20.39%-1,312 bps
Deposit Growth (YoY)-9.64%-6.08%-1.19%-2.67%-7.27%+237 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.05%0.36%0.48%0.47%+47 bps
Allowance / Loans2.04%2.07%2.02%1.99%1.95%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio5.03%3.90%2.91%3.00%2.00%-303 bps
Total Risk-Based Capital8.73%7.42%6.44%7.02%5.14%-359 bps
Equity / Assets4.96%3.36%2.74%2.78%2.04%-292 bps
Liquidity & Funding
Loans / Deposits58.11%58.08%52.45%50.38%49.89%-822 bps
Liquid Assets / Assets17.95%20.99%31.99%35.41%37.18%+1,923 bps
CRE / Total Capitaln/an/an/an/an/an/an/a