OTCPK:CRSB

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Cornerstone Community Bancorp

Executive Summary

Cornerstone Community Bancorp operates as a bank holding company for Cornerstone Community Bank that provides commercial, industrial, agricultural and personal credit, and other banking services in Tehama, Shasta, Butte, and Glenn counties and the surrounding areas in California.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Cornerstone Community Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRSB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CRSB

0.06%

US Banks

2.6%

US Market


1 Year Return

-18.0%

CRSB

-22.0%

US Banks

15.4%

US Market

Return vs Industry: CRSB exceeded the US Banks industry which returned -22.7% over the past year.

Return vs Market: CRSB underperformed the US Market which returned 16.2% over the past year.


Shareholder returns

CRSBIndustryMarket
7 Day0%0.06%2.6%
30 Day-5.9%4.5%6.1%
90 Day-15.6%5.4%16.6%
1 Year-18.0%-18.0%-19.3%-22.0%17.8%15.4%
3 Year-12.2%-12.2%-12.6%-19.6%43.9%34.7%
5 Year81.2%81.2%11.9%-1.6%76.2%57.3%

Price Volatility Vs. Market

How volatile is Cornerstone Community Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cornerstone Community Bancorp undervalued compared to its fair value and its price relative to the market?

6.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CRSB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CRSB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CRSB is good value based on its PE Ratio (6.8x) compared to the US Banks industry average (9.6x).

PE vs Market: CRSB is good value based on its PE Ratio (6.8x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CRSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRSB's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Cornerstone Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cornerstone Community Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cornerstone Community Bancorp performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRSB has high quality earnings.

Growing Profit Margin: CRSB's current net profit margins (28.3%) are lower than last year (29.1%).


Past Earnings Growth Analysis

Earnings Trend: CRSB's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: CRSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRSB had negative earnings growth (-5%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: CRSB's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Cornerstone Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CRSB's Assets to Equity ratio (16.6x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if CRSB has a sufficient allowance for bad loans.

Low Risk Liabilities: 79% of CRSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: CRSB has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: CRSB's Loans to Deposits ratio (97%) is appropriate.

Level of Bad Loans: Insufficient data to determine if CRSB has an appropriate level of bad loans.


Next Steps

Dividend

What is Cornerstone Community Bancorp current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CRSB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CRSB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CRSB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CRSB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CRSB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Jeff Finck

5.58yrs

Tenure

Mr. Jeffrey P. Finck, also known as Jeff, has been the President and Chief Executive Officer of Cornerstone Community Bancorp. and Cornerstone Community Bank since 2014 and also served as its Director.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Finck
President & CEO5.58yrsno datano data
Patrick Phelan
Executive VP & CFO5.58yrsno datano data
Alissa Bell
Senior VP & Compliance Officerno datano datano data
Jase Laughlin
VP & Director of Operationsno datano datano data
J. Stacy
Senior VP & Business Development Officerno datano datano data
Nikki Rose
VP & Director of Marketing2.33yrsno datano data
Suzanne Birch
Vice President of Human Resources2.83yrsno datano data
Cindy Fisher
Senior VP & Commercial Loan Officer2.58yrsno datano data
Heather Bell
Senior VP & Director of Information Technologyno datano datano data
Matthew Moseley
Executive VP & Chief Banking Officer3.83yrsno datano data
Steven Mungia
Senior VP & Commercial Loan Officer1.08yrsno datano data
Marjorie Carneiro
VP & Business Development Officerno datano datano data

2.8yrs

Average Tenure

Experienced Management: CRSB's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Leslie Melburg
Director5.58yrsno datano data
Bruce Dean
Director3.58yrsno datano data
Kenneth Robison
Chairman of the Board5.58yrsno datano data
Michael Davis
Director5.58yrsno datano data
Scott Putnam
Directorno datano datano data
Brian Haugen
Director2.58yrsno datano data
John Dues
Director1.58yrsno datano data
Kristin Behrens
Directorno datano datano data

4.6yrs

Average Tenure

66yo

Average Age

Experienced Board: CRSB's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.4%.


Top Shareholders

Company Information

Cornerstone Community Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cornerstone Community Bancorp
  • Ticker: CRSB
  • Exchange: OTCPK
  • Founded: 2014
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$21.396m
  • Shares outstanding: 1.49m
  • Website: https://www.bankcornerstone.com

Location

  • Cornerstone Community Bancorp
  • 500 Riverside Way
  • P.O. Box 889
  • Red Bluff
  • California
  • 96080
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRSBOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2007

Biography

Cornerstone Community Bancorp operates as a bank holding company for Cornerstone Community Bank that provides commercial, industrial, agricultural and personal credit, and other banking services in Tehama, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 23:57
End of Day Share Price2020/07/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.