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| Cornerstone Bancshares, Inc. |
| 5319 Highway 153, Chattanooga, TN 37343 * (423) 385-3000 |
| Business Description | The company is a bank holding company for the Cornerstone Community Bank. The bank conducts its business as a commercial bank, with special emphasis in retail banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. |
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Filing Information Not yet | |||
| To Trade As | - - (NONE) | Industry | Financial (SIC 6021) |
| Type of Stock Offered | Common Shares | Filing Date | 2/4/00 |
| Domestic Shares Filed | 150,000 | Filing Price | $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $1,950,000 |
| Company Shares | 150,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Non Underwritten Offering | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 9/30/98 | 9/30/99 | |||
| Revenues | - | - | - | 4.295 | 8.212 | 5.987 | 5.685 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | 0.224 | 0.248 | 0.564 | -0.518 |
| E.P.S | - | - | - | 0.350 | 0.220 | 0.430 | -0.440 |
| Revenue Growth (%) | - | - | - | 91.199 | -5.04 | ||
| Net Income Growth (%) | - | - | - | 10.71 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | 5.22 | 3.02 | - | 9.42 |
| Cash Flow - Oper. | 0.88 | - | - | ||||
| Cash Flow - Inv. | -13.66 | - | - | ||||
| Cash Flow - Fin. | 18.17 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 102.56 | Current Assets | - | Current Ratio | - |
| Total Liab. | 92.21 | Current Liab. | - | Debt Ratio | 89.91% |
| Total Equity | 10.35 | Working Cap. | - | Debt to Equity Ratio | 8.91 |
| Cash | - | Return on Assets | 0.24% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to support expansion and diversification of operations, to support the growth of Cornerstone Community Bank and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Baker, Donelson, Bearman & Caldwell |
| Auditor | Hazlett, Lewis & Bieter |
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