Cornerstone Bank (IA)

Overview / Commentary
123 East Main Street
Clarinda, IA 51632

Cornerstone Bank (IA) is headquartered in CLARINDA and is the 224th largest bank in the state of Iowa. It is also the 4,372nd largest bank in the nation. It was established in 1897 and as of September of 2023, it had grown to 7 employees at 1 location. Cornerstone Bank (IA)'s money market rates are 5X the national average, and it has a B+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Cornerstone Bank (IA) has a low asset base.

Health Grade Components

FDIC Certificate #30067
Year Established1897
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.4%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$48.4MM$46MM
LoansQ3 2023vs Q3 2022$28.3MM$26.3MM
DepositsQ3 2023vs Q3 2022$40MM$39.8MM
Equity CapitalQ3 2023vs Q3 2022$5.7MM$5.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$286K$248K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$16K$477K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cornerstone Bank (IA) Savings Account Rates


Cornerstone Bank (IA) Money Market Rates

2.00%*$150k*-Money Market Deposit Account (MMDA)
OTHER TIERS: 0.05% Up to $1k | 0.50% $1k - $10k | 0.60% $10k - $25k | 0.75% $25k - $50k | 1.15% $50k - $100k | 1.75% $100k - $150k

Cornerstone Bank (IA) Checking Account Rates

0.15%$500-Interest Checking

Cornerstone Bank (IA) CD Rates

5.01%$1k-9 Month CD
4.76%$1k-7 Month CD
3.80%$1k-12 Month CD
3.29%$1k-15 Month CD
2.78%$1k-18 Month CD
2.52%$1k-6 Month CD
2.52%$1k-36 Month CD
2.52%$1k-48 Month CD
2.47%$1k-24 Month CD
2.47%$1k-30 Month CD
2.29%$1k-21 Month CD
1.20%$1k-3 Month CD

Cornerstone Bank (IA) Locations
Page County Federal Savings Association123 E Main StClarinda, IA 51632

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