Cornerstone Bank (IA)

Overview / Commentary
123 East Main Street
Clarinda, IA 51632

Cornerstone Bank (IA) is headquartered in Clarinda and is the 249th largest bank in the state of Iowa. It is also the 4,814th largest bank in the nation. It was established in 1897 and as of June of 2020, it had grown to 7 employees at 1 location. Cornerstone Bank (IA) 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 - YTD0.21%
Return on Equity - YTD1.58%
Annual Interest Income$793.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$41.3MM$40.7MM
LoansQ2 2020vs Q2 2019$24.9MM$24.6MM
DepositsQ2 2020vs Q2 2019$34.9MM$34.4MM
Equity CapitalQ2 2020vs Q2 2019$5.6MM$5.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$197.00K$201.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$592.00K$320.00K
Real Estate OwnedQ2 2020vs Q2 2019$71.00K$18.00K
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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

0.03%--Passbook Savings

Cornerstone Bank (IA) Money Market Rates

0.40%*$150k*-Money Market Deposit Account (MMDA)
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $10k | 0.10% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $150k

Cornerstone Bank (IA) Checking Account Rates

0.03%$500-Interest Checking

Cornerstone Bank (IA) CD Rates

0.70%$1k-48 Month CD
0.65%$1k-36 Month CD
0.60%$1k-30 Month CD
0.55%$1k-24 Month CD
0.50%$1k-18 Month CD
0.50%$1k-21 Month CD
0.45%$1k-15 Month CD
0.40%$1k-12 Month CD
0.30%$1k-9 Month CD
0.25%$1k-6 Month CD
0.25%$1k-7 Month CD
0.15%$1k-3 Month CD

Cornerstone Bank (IA) Locations
Page County Federal Savings Association123 East Main StreetClarinda, IA 51632

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