Cornerstone Bank (IA)

Overview / Commentary

www.cornerstonebankia.com

712-542-2103

123 East Main Street
Clarinda, IA 51632

Cornerstone Bank (IA) is headquartered in Clarinda and is the 245^th largest bank in the state of Iowa. It is also the 4,692^nd largest bank in the nation. It was established in 1897 and as of September of 2021, it had grown to 7 employees at 1 location. Cornerstone Bank (IA) has a B+ health rating.

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Health

B+

Data as of Q3 2021

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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

Overall
FDIC Certificate #	30067
Year Established	1897
Employees	7
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.42%
Return on Equity - YTD	3.17%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$43.5MM$40.5MM
Loans	Q3 2021vs Q3 2020	$25.0MM$24.5MM
Deposits	Q3 2021vs Q3 2020	$36.9MM$34.0MM
Equity Capital	Q3 2021vs Q3 2020	$5.8MM$5.7MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$236.00K$193.00K
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$581.00K$563.00K
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Cornerstone Bank (IA); we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.03%	-	-	Passbook Savings

Cornerstone Bank (IA) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.17%^*	$150k^*	-	Money Market Deposit Account (MMDA)
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $25k \| 0.10% → $25k - $150k

Cornerstone Bank (IA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$500	-	Interest Checking

Cornerstone Bank (IA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$1k	-	48 Month CD
0.30%	$1k	-	36 Month CD
0.27%	$1k	-	30 Month CD
0.25%	$1k	-	24 Month CD
0.22%	$1k	-	21 Month CD
0.20%	$1k	-	18 Month CD
0.17%	$1k	-	12 Month CD
0.17%	$1k	-	15 Month CD
0.12%	$1k	-	9 Month CD
0.07%	$1k	-	6 Month CD
0.07%	$1k	-	7 Month CD
0.05%	$1k	-	3 Month CD

Locations

Cornerstone Bank (IA) Locations
Page County Federal Savings Association	123 East Main Street	Clarinda, IA 51632

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