Cornerstone Bank (IA)
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
2.83% APY
21 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.40% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.15% | Savings | 2.00% - Ally Bank Online Savings Account |
| 2.83% | 2-year CD | 2.70% - Capital One 24 Month 360 CD |
Overview / Commentary
Cornerstone Bank (IA) is headquartered in Clarinda and is the 265th largest bank in the state of Iowa. It is also the 5,182nd largest bank in the nation. It was established in 1897 and as of September of 2018, it had grown to 7 employees at 1 location. Cornerstone Bank (IA)'s money market rates are 4X the national average, and it has a B health rating.
Health
B
Data as of Q3 2018
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 | -0.14% |
| Return on Equity - YTD | -0.94% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $37.6MM$38.5MM |
| Loans | Q3 2018vs Q3 2017 | $23.7MM$22.3MM |
| Deposits | Q3 2018vs Q3 2017 | $31.5MM$32.3MM |
| Equity Capital | Q3 2018vs Q3 2017 | $5.5MM$5.6MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $228.00K$144.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $574.00K$532.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $61.00K$0 |
Rates
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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 | |
|---|---|---|---|---|---|
| 1.75%* | $150k* | - | Money Market Deposit Account (MMDA) | ||
| OTHER TIERS: 0.10% → Up to $1k | 0.55% → $1k - $25k | 0.75% → $25k - $50k | 0.80% → $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 |