Cornerstone Bank (Lexington, VA)
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Data as of · sourced from FFIEC call reports. How we update
Cornerstone Bank is an FDIC-insured commercial bank headquartered in Lexington, VA, established in 2009 (FDIC certificate 58859), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $232.8M, up 4.0% from Q2 2025, the 46th largest of 56 banks headquartered in Virginia. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.86% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 58859
- Headquarters
- Lexington, VA
- Established
- 2009
- Total assets, Q2 2026
- $232.8M
- Assets vs Q2 2025
- +4.0%
- Tier 1 leverage ratio, Q2 2026
- 10.86%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 051409595
- Asset rank in state
- 46th of 56 in Virginia
Cornerstone Bank earns an unusually wide margin on its lending. Its balance sheet stood at $233 million at June 30, 2026, up 4.0% from a year earlier; it is based in Lexington, Virginia. It keeps 4.73 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it holds commercial real estate loans worth 2.3 times its capital, about double the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $681,000, 36% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.87% of loans, down from 1.05% a year earlier.
As of June 30, 2026, Cornerstone Bank reported a return on assets of 1.19%, a nonperforming-loan ratio of 0.87% and a Texas ratio of 5.97%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in Virginia, Cornerstone Bank is the 46th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.2% to $232.8M, loans rose 0.5% and deposits rose 2.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 39.5% of total loans, ahead of non-owner-occupied commercial real estate loans at 21.5%. The FDIC Summary of Deposits lists 4 offices for it, in Lexington, VA and Buena Vista, VA; its Lexington 3 offices book 85% of its branch deposits. Judged on its Q2 2026 call report, Cornerstone Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 54 S Main St, Lexington, VA 24450
- County
- Lexington City
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 17, 2009
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 37
- Domestic deposits
- $198.6M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- -$23K
- Average total assets
- $228.6M
- Average total loans
- $184.8M
- Average interest-bearing deposits
- $137.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 17, 2009
- FDIC Cert
- 58859
- Fed RSSD
- 3816163
- Website
- www.cornerstonebankva.com →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Cornerstone Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Cornerstone Bank's total assets moved between a low of $211.9M (Q3 2023) and a high of $232.8M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$232.8M total assets against $224.0M; $208.0M total liabilities against $200.7M.
$182.8M net loans and leases against $176.4M; $198.6M total deposits against $187.5M.
$18.3M securities against $22.6M; $19.2M cash and balances due against $12.3M.
$3.4M total interest income against $3.0M; $804K total interest expense against $987K.
$2.5M net interest income against $2.0M.
$264K total noninterest income against $233K; $1.8M total noninterest expense against $1.6M.
$154K provision for credit losses against $0.
$681K net income against $501K.
1.19% return on assets against 0.90%; 4.73% net interest margin against 3.84%.
10.86% tier 1 leverage ratio against 10.49%.
Inside the full Cornerstone Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Cornerstone Bank rankings
Its closest position to the top of a national ranking is 1,131 of 3,640, for Texas Ratio; its furthest is 2,784 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.70% (Q3 2024) to 1.23% (Q1 2026) and its net interest margin ran from 3.53% (Q3 2024) to 4.73% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.86% | 1.19% | 0.87% | 5.97% | 4.73% |
| Q1 2026 | 10.69% | 1.23% | 0.82% | 5.82% | 4.52% |
| Q4 2025 | 10.39% | 1.15% | 1.13% | 7.87% | 4.40% |
| Q3 2025 | 10.64% | 0.98% | 1.31% | 9.26% | 4.16% |
| Q2 2025 | 10.49% | 0.90% | 1.05% | 7.53% | 3.84% |
| Q1 2025 | 10.29% | 0.78% | 1.20% | 8.54% | 3.65% |
| Q4 2024 | 9.99% | 0.80% | 1.12% | 8.10% | 3.55% |
| Q3 2024 | 10.11% | 0.70% | 1.18% | 8.30% | 3.53% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Cornerstone Bank (main office) | Lexington , VA | 24450 | $120.0M |
| Lee Highway Branch | Lexington , VA | 24450 | $48.2M |
| Buena Vista Branch | Buena Vista , VA | 24416 | $30.3M |
| Kendal Branch | Lexington , VA | 24450 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in VA, rank 72 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $351K approved, $351K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2016 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Cornerstone Bank
What are Cornerstone Bank's total assets?
As of the Q2 2026 filing, Cornerstone Bank reported total assets of $232.8 million in its FFIEC call report.
Where is Cornerstone Bank headquartered?
It is headquartered in Lexington, VA, United States.
When was Cornerstone Bank founded?
It was established in 2009, per the FDIC institution directory.
Is Cornerstone Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58859). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Cornerstone Bank?
Cornerstone Bank's primary federal regulator is the Federal Reserve.
How many branches does Cornerstone Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Cornerstone Bank's Texas Ratio?
Its Texas Ratio is 5.97% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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