$44.3M
total assets, September 30, 1994
Cornerstone Bank, FSB was a savings bank in Mission Viejo, CA. It failed on Dec 16, 1994, and California FB, A FSB took over its deposits. At its last report it held $44.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1994
This bank failed
- Failed on
- Dec 16, 1994
- Assets
- $44.3M
- Deposits
- $38.4M
- Estimated cost
- $4.0M
- Deposits went to
- California FB, A FSB, Los Angeles, CA
Total assets
$44.3M
-14.4% in a year · -0.5% in a quarter
Deposits
$38.4M
-13.7% in a year · +4.9% in a quarter
Loans
$36.2M
-19.2% in a year · -11.0% in a quarter
Profit so far
-$3.4M
Jan 1 to Sep 30, 1994
Capital ratio
-1.13%
-5.49 pts in a year
Return on assets
-9.90%
-7.50 pts in a year
Facts
- Type
- Savings bank
- Head office
- 27405 Puerta Real, Suite 100, Mission Viejo, CA, 92691
- County
- Orange
- Established
- Aug 22, 1985
- Failed
- Dec 16, 1994
- Employees
- 9
- Branches
- 1
- Id
- b32374
Quarter by quarter
September 30, 1985 to September 30, 1994
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Cornerstone Bank, FSB?
$44.3 million in total assets and $38.4 million in deposits as of September 30, 1994, with assets down 14.4% from a year before. Its loans were $36.2 million.
How many branches does Cornerstone Bank, FSB have?
1 branch in California as of June 30, 2026.
Is Cornerstone Bank, FSB profitable?
No: it lost $3.40 million from January 1 to September 30, 1994. Its return on assets was -9.90% a year; about 1% is typical.
When did Cornerstone Bank, FSB fail?
Dec 16, 1994. California FB, A FSB of Los Angeles, CA took over its deposits. The estimated cost of the failure was $4.05 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.