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Profile - Cornerstone Bancorp, Inc. (AMEX:CBN)
As of 31-Aug-2001
Enter symbol:
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider
Recent Events
Aug  8Price hit new 52-week high ($17.75)
Location
550 Summer Street
Stamford, CT 06901
Phone: (203) 356-0111
Fax: (203) 348-3576
Employees (last reported count): 51
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Related Links
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Ownership
·Insider and 5%+ Owners: 44%
·Institutional: 6% (10% of float)
(6 institutions)
·Net Inst. Selling: 2,000  shares (+3.39%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Cornerstone Bancorp, Inc. was incorporated to serve as a bank holding company for Cornerstone Bank (the Bank). The Bank's business consists primarily of attracting deposits from the general public and local businesses, and loaning or investing these deposits. The Bank originates loans collateralized by liens on commercial and residential properties, as well as secured and unsecured commercial and consumer installment loans. The Bank engages in a full-service commercial and consumer banking business. Services include demand, savings and time deposits, and mortgage, commercial and consumer installment loans. Since its inception, the Bank's primary mission has been to serve the banking needs of its community, the businesses in Fairfield County, Connecticut, including minority-owned businesses in low- and moderate-income areas, and its citizens, including those living in low- and moderate-income areas.
More from Market Guide: Expanded Business Description

Financial Summary
CBN is a bank holding Company for Cornerstone Bank, a state chartered bank with offices serving Stamford, Cos Cob and Norwalk, as well as limited-service mobile branches. For the six months ended 6/30/01, total interest income rose 10% to $5.9 million. Net interest income after loan loss provision rose 12% to $3.9 million. Net income rose less than 1% to $837 thousand. Results reflect increased earning asset balances, partially offset by higher salaries expense.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Melvin Maisel, 76
Chairman
--  
Merrill Forgotson, 58
Pres, CEO, Director
$19K
Norman Reader, 76
Vice Chairman
189K
James Jakubek, 51
Exec. VP, COO
192K
Paul Reader, 42
Sr. VP
155K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- AMEX:CBNAs of 31-Aug-2001
Price and Volume
52-Week Low
on 7-Dec-2000
$12.50 
Recent Price$16.25 
52-Week High
on 8-Aug-2001
$17.75 
Beta0.26 
Daily Volume (3-month avg)727 
Daily Volume (10-day avg)1,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+28.7%
52-Week Change
relative to S&P500
+72.7%
Share-Related Items
Market Capitalization$17.4M
Shares Outstanding1.07M
Float600.0K
Dividends & Splits
Annual Dividend (indicated)$0.45 
Dividend Yield2.77%
Last Split: 11 for 10 on 29-July-1998
Per-Share Data
Book Value (mrq)$16.22 
Earnings (ttm)$1.64 
Earnings (mrq)$0.36 
Sales (ttm)$10.93 
Cash (mrq)$9.17 
Valuation Ratios
Price/Book (mrq)1.00 
Price/Earnings (ttm)9.92 
Price/Sales (ttm)1.49 
Income Statements
Sales (ttm)$11.9M
EBITDAN/A 
Income available to common (ttm)$1.79M
Profitability
Profit Margin (ttm)15.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.12%
Return on Equity (ttm)10.84%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$9.83M
Short Interest
As of 8-Aug-2001
Shares Short3,000 
Percent of Float0.5%
Shares Short
(Prior Month)
3,000 
Short Ratio3.00 
Daily Volume1,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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