Cornerstone Bank (IA)

Overview / Commentary
123 East Main Street
Clarinda, IA 51632

Cornerstone Bank (IA) is headquartered in Clarinda and is the 245th largest bank in the state of Iowa. It is also the 4,692nd 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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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 - YTD0.42%
Return on Equity - YTD3.17%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$43.5MM$40.5MM
LoansQ3 2021vs Q3 2020$25.0MM$24.5MM
DepositsQ3 2021vs Q3 2020$36.9MM$34.0MM
Equity CapitalQ3 2021vs Q3 2020$5.8MM$5.7MM
Loan Loss AllowanceQ3 2021vs Q3 2020$236.00K$193.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$581.00K$563.00K
Real Estate OwnedQ3 2021vs Q3 2020$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

0.03%--Passbook Savings

Cornerstone Bank (IA) Money Market Rates

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

0.03%$500-Interest Checking

Cornerstone Bank (IA) CD Rates

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

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

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