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Fair Value Disclosures (Tables)
 6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities recorded at fair value on a recurring basis are as follows.

 

          Quoted Prices in     Significant     Significant  
          Active Markets     Other     Other  
    Balance as of     for Identical     Observable     Unobservable  
    June 30,     Assets     Inputs     Inputs  
    2012     (Level 1)     (Level 2)     (Level 3)  
Debt securities available for sale:                                
                                 
U.S. Government agencies   $ 4,074,241     $ -      $ 4,074,241     $ -  
State and municipal securities     23,936,762       -        23,936,762        -  
Mortgage-backed securities:                                
Residential mortgage guaranteed by GNMA     10,776,674       -        10,776,674        -  
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies     47,750,383       -        47,750,383        -  
                                 
Total securities available for sale   $ 86,538,060     $ -      $ 86,538,060     $  -  
                                 
Cash surrender value of life insurance   $ 1,183,250     $ -      $ 1,183,250     $  -  

 

          Quoted Prices in     Significant     Significant  
          Active Markets     Other     Other  
    Balance as of     for Identical     Observable     Unobservable  
    December 31,     Assets     Inputs     Inputs  
    2011     (Level 1)     (Level 2)     (Level 3)  
Debt securities available for sale:                                
                                 
U.S. Government agencies   $ 4,190,279     $  -     $ 4,190,279     $  -  
State and municipal securities     24,436,257        -       24,436,257        -  
Mortgage-backed securities:                                
Residential mortgage guaranteed by GNMA     11,871,170        -       11,871,170        -  
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies     45,559,731        -       45,559,731        -  
                                 
Total securities available for sale   $ 88,057,437     $  -     $ 88,057,437     $  -  
                                 
Cash surrender value of life insurance   $ 1,166,774     $  -     $ 1,166,774     $  -  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The tables below present information about assets and liabilities on the balance sheet at June 30, 2012 for which a nonrecurring change in fair value was recorded (amounts in thousands).

 

      Quoted Prices in   Significant     Significant  
      Active Markets   Other     Other  
  Balance as of     for Identical   Observable     Unobservable  
  June 30,     Assets   Inputs     Inputs  
  2012     (Level 1)   (Level 2)     (Level 3)  
                           
Impaired loans   $ 9,206     $ -   $ 9,206     $ -  
Foreclosed assets (OREO & Repossessions)     22,144       -     22,144       -  

 

          Quoted Prices in   Significant     Significant  
          Active Markets   Other     Other  
    Balance as of     for Identical   Observable     Unobservable  
    December 31,     Assets   Inputs     Inputs  
    2011     (Level 1)   (Level 2)     (Level 3)  
                             
Impaired loans   $ 12,245     $ -   $ 12,245     $ -  
Foreclosed assets (OREO & Repossessions)     18,524       -     18,524       -  

 
Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and estimated fair value of Cornerstone's financial instruments at June 30, 2012 and December 31, 2011 are as follows (in thousands):

 

    June 30, 2012     December 31, 2011  
    Carrying     Estimated     Carrying     Estimated  
    Amount     Fair Value     Amount     Fair Value  
Assets:                                
Cash and cash equivalents   $ 36,879     $ 36,879     $ 38,883     $ 38,883  
Securities     86,595       86,596       86,126       86,128  
Federal Home Loan Bank stock     2,323       2,323       2,323       2,323  
Loans, net     257,720       258,821       260,365       260,515  
Cash surrender value of life insurance     1,183       1,183       1,167       1,167  
Accrued interest receivable     1,247       1,247       1,327       1,327  
                                 
Liabilities:                                
Noninterest-bearing demand deposits     43,007       43,007       43,990       43,990  
Interest-bearing demand deposits     28,502       28,502       22,353       22,353  
Savings deposits and money market  accounts     60,693       60,693       46,857       46,857  
Time deposits     189,538       189,900       200,841       203,453  
Federal funds purchased and securities sold under agreements to repurchase     23,299       23,299       29,391       29,391  
Federal Home Loan Bank advances and other borrowings     37,610       37,610       43,045       43,045  
Accrued interest payable     115       115       111       111  
                                 
Unrecognized financial instruments (net of contract amount):                                
Commitments to extend credit     -       -       -       -  
Letters of credit     -       -       -       -  
                                 
Lines of credit     -       -       -       -