Cornerstone Bancshares Inc. (CSBQ) news stock charts
Cornerstone Bancshares Inc. (CSBQ/CSBQ.OB) Investment Summary:
Cornerstone Bancshares, Inc. operates as the holding company for Cornerstone Community Bank that provides various banking products and services. Its deposit products include time deposits, NOW accounts, money market and savings accounts, interest bearing and non-interest bearing accounts, and certificates of deposit. The bank’s lending portfolio comprises commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. As of December 31, 2007, it operated five full service branches in East Ridge, Hixson, Chattanooga, and Ooltewah, Tennessee; and two loan production offices in Dalton, Georgia, and Knoxville, Tennessee. Cornerst...www.cscbank.com
Founded in 1983
CORNERSTONE BANCSHARES INC (CSBQ:OTC Bulletin Board Market)
LAST $2.50 USD
CHANGE TODAY -0.25 -9.09%
VOLUME 310.0
As of 8:10 PM 03/12/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of CORNERSTONE BANCSHARES INC (CSBQ)
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OPEN
$2.50
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PREVIOUS CLOSE
$2.75
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DAY HIGH
$2.50
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DAY LOW
$2.50
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52 WEEK HIGH
05/21/09 - $5.83
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52 WEEK LOW
12/31/09 - $1.80
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MARKET CAP
16.3M
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AVERAGE VOLUME 10 D
1.4K
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EPS TTM
$-1.28
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SHARES OUTSTANDING
6.5M
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EX-DATE
06/10/09
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P/E TTM
--
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DIVIDEND
$0.12
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DIVIDEND YIELD
1.17%
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| K = Thousands M = Millions B = Billions | ||
Key developments for CORNERSTONE BANCSHARES INC (CSBQ)
Cornerstone Bancshares Inc. Announces Net Charge-Offs for Fourth Quarter of 2009
02/3/2010
Cornerstone Bancshares Inc. announced net charge-offs of USD 5.6 million during the fourth quarter 2009.
Cornerstone Bancshares Inc. Announces Resignation of Kim H. White from Board
02/2/2010
On December 16, 2009, Kim H. White resigned from the board of directors of Cornerstone Bancshares Inc. Ms. White's resignation is not the result of a disagreement with the company.
Cornerstone Bancshares Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009; Provides Earnings Guidance for the Fiscal 2010
02/1/2010
Cornerstone Bancshares Inc. announced earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported a pretax loss of $4.87 million and net loss of $2.96 million or $0.46 loss per share compared to pretax loss of $0.756 million and net loss of $0.436 million or $0.07 loss per share for the same period last year. The company reported interest income of $6.6 million and net interest income of $3.85 million compared to interest income of $7.4 million and net interest income of $4.42 million for the same period last year. The company reported return on average assets negative to 2.26% and return on average equity negative to 37.8% compared to 0.37% and 4.65%, respectively, for the same period last year. The company reported book value per common share of $4.28 compared to $5.78 for the same period last year. For the full year, the company reported a pretax loss of $13.5 million and net loss of $8.18 million or $1.26 loss per share compared to pretax income of $3.81 million and net income of $2.51 million or $0.39 loss per share for the same period last year. The company reported interest income of $26.31 million and net interest income of $15.12 million compared to interest income of $30.68 million and net interest income of $17.98 million for the same period last year. The company reported return on average assets negative to 1.69% and return on average equity negative to 24.34% compared to positive to 0.55% and positive to 6.71%, respectively, for the same period last year. The company expects positive earnings in 2010, as asset quality stabilizes and the associated expenses reduce to allow the Bank's efficiency to improve.
Cornerstone Bancshares Inc. financial resources
CSBQ Competitors
| Company | Last | Change |
| Citizens First Corp | $7.00 USD | +0.02 |
| First Bancshares Inc/MO | $9.11 USD | +0.011 |
| FPB Bancorp Inc | $1.50 USD | +0.0101 |
| Nexity Financial Corp | $0.20 USD | 0.00 |
| Southcoast Financial Corp | $3.36 USD | -0.20 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CSBQ | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 21.4x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CSBQ |
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CSBQ transactions
| Type Date |
Target |
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Private Placement
December 8, 2009 |
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More Recent Financial News About Cornerstone Bancshares Inc.
Cornerstone Bancshares, Inc. Announces 4th Quarter 2009 Financial Results
2010-02-18 07:21:46
Quote: CSBQNews) today announced the following:Cornerstone Bancshares, Inc. (Cornerstone) announced financial resultsfor the fourth quarter of 2009 with a net loss of $2.96 million or($0.46) per share. Year-to-date, Cornerstone reports a net loss of $8.18million or ($1.26) per share. The fourth quarter 2009 loss was a directresult of Cornerstone’s continued commitment to reduce problem assets,as the Bank provided $4.15 million of additional provision for loanlosses. During the fourth quarter 200...Read article
CORNERSTONE BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or
2010-02-03 04:47:24
Quote: CORNERSTONE BANCSHARES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CORNERSTONE BANCSHARES INC
2-Feb-2010Results of Operations and Financial Condition, Change in Directors or
Privacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent provider...Read article
Cornerstone Bancshares, Inc. Announces 4th Quarter 2009 Financial Results
2010-02-02 03:40:23
Quote: CSBQNews) today announced the following:Cornerstone Bancshares, Inc. (Cornerstone) announced financial resultsfor the fourth quarter of 2009 with a net loss of $2.96 million or($0.46) per share. Year-to-date, Cornerstone reports a net loss of $8.18million or ($1.26) per share. The fourth quarter 2009 loss was a directresult of Cornerstone’s continued commitment to reduce problem assets,as the Bank provided $4.15 million of additional provision for loanlosses. During the fourth quarter 200...Read article
CORNERSTONE BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
2010-01-25 02:48:17
Quote: CORNERSTONE BANCSHARES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CORNERSTONE BANCSHARES INC
6-May-2009Results of Operations and Financial Condition, Financial Statements an
Privacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent provider...Read article
CORNERSTONE BANCSHARES INC Files SEC form 10-Q, Quarterly Report
2009-12-11 03:04:26
Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
Cornerstone Bancshares, Inc. ("Cornerstone") is a bank holding company and the
parent of Cornerstone Community Bank (the "Bank"), a Tennessee banking
corporation, and Eagle Financial, Inc. ("Eagle"), an accounts receivable
financing company, that operate primarily in and around Hamilton County,
Tennessee. The Bank has also established loan production offices in Knoxville,
Tennes...Read article
INSERTING and REPLACING Cornerstone Bancshares, Inc. Announces Stock Dividend
2009-11-30 03:52:47
Quote: CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Insert at the end of the first graph: The dividends will be issued toshareholders of record as of September 18, 2009 and will be paid October2, 2009.The corrected release reads: CORNERSTONE BANCSHARES, INC. ANNOUNCES STOCK DIVIDENDCSBQNews) today announcedthe following:Cornerstone Bancshares, Inc.’s Board of Directors has approveddistribution to shareholders of record a dividend payable in commonstock. The stock payment is payable in common stock...Read article
CORNERSTONE BANCSHARES INC Files SEC form 10-Q, Quarterly Report
2009-11-30 03:52:47
Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
Cornerstone Bancshares, Inc. ("Cornerstone") is a bank holding company and the
parent of Cornerstone Community Bank (the "Bank"), a Tennessee banking
corporation, that operates primarily in and around Hamilton County, Tennessee.
The Bank has also established a loan production office in Dalton, Georgia. The
Bank's business consists primarily of attracting deposits from the general
public a...Read article
CORNERSTONE BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
2009-11-30 03:52:47
Quote: CORNERSTONE BANCSHARES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CORNERSTONE BANCSHARES INC
5-Aug-2009Results of Operations and Financial Condition, Financial Statements an
Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent providers is liable f...Read article
CORNERSTONE BANCSHARES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2009-11-30 03:52:47
Quote: CORNERSTONE BANCSHARES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CORNERSTONE BANCSHARES INC
2-Jun-2009Other Events, Financial Statements and Exhibits
Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent providers is liable for any informational
er...Read article
Cornerstone Bancshares, Inc. Announces 3rd Quarter 2009 Financial Results on October 23, 2009
2009-11-30 03:52:46
Quote: CSBQNews) today announcedthe following:Cornerstone Bancshares, Inc. announced financial results for the thirdquarter of 2009 with a net loss of $697,000 or ($.11) per share.Year-to-date, Cornerstone reports a net loss of $4.2 million or ($.66)per share. The third quarter 2009 loss was a direct result ofCornerstone’s continued commitment to reduce problem assets as the Bankprovided $1.8 million of additional provision for loan losses. Duringthe third quarter management discovered additiona...Read article
CORNERSTONE BANCSHARES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2009-11-30 03:52:46
Quote: CORNERSTONE BANCSHARES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CORNERSTONE BANCSHARES INC
1-Oct-2009Other Events, Financial Statements and Exhibits
Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent providers is liable for any informational
er...Read article
Cornerstone Bancshares, Inc. Announces Management Changes and Additional 3rd Quarter 2009 Provision for Loan Losses Following Joint Examination
2009-11-30 03:52:45
Quote: Read article
CORNERSTONE BANCSHARES INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Results of Operations
2009-11-30 03:52:44
Quote: Read article
CORNERSTONE BANCSHARES INC Files SEC form 10-Q, Quarterly Report
2009-11-30 03:52:44
Quote: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
Cornerstone Bancshares, Inc. ("Cornerstone") is a bank holding company and the
parent of Cornerstone Community Bank (the "Bank"), a Tennessee banking
corporation, that operates primarily in and around Hamilton County, Tennessee.
The Bank has also established a loan production office in Dalton, Georgia and
owns Eagle Financial, Inc. ("Eagle"). Eagle generates loans which are secu...Read article
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