Overview / Commentary
Cornerstone Bank (IA) is headquartered in Clarinda and is the 253rd largest bank in the state of Iowa. It is also the 4,984th largest bank in the nation. It was established in 1897 and as of June of 2019, it had grown to 7 employees at 1 location. Cornerstone Bank (IA)'s money market rates are 2X the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| FDIC Certificate # | 30067 |
| Year Established | 1897 |
| Employees | 7 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.09% |
| Return on Equity - YTD | -0.64% |
| Annual Interest Income | $763.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $40.7MM$38.7MM |
| Loans | Q2 2019vs Q2 2018 | $24.6MM$23.7MM |
| Deposits | Q2 2019vs Q2 2018 | $34.4MM$32.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $5.6MM$5.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $201.00K$228.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $320.00K$370.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $18.00K$61.00K |
Rates
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Passbook Savings |
Cornerstone Bank (IA) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $150k* | - | Money Market Deposit Account (MMDA) | ||
| OTHER TIERS: 0.10% → Up to $1k | 0.25% → $1k - $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k | 0.60% → $50k - $150k | |||||
Cornerstone Bank (IA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Interest Checking |
Cornerstone Bank (IA) CD Rates
Locations
| Cornerstone Bank (IA) Locations | ||
|---|---|---|
| Page County Federal Savings Association | 123 East Main Street | Clarinda, IA 51632 |