Cornerstone Bank (MA) is headquartered in Spencer and is the 37th largest bank in the state of Massachusetts. It is also the 734th largest bank in the nation. It was established in 1871 and as of June of 2022, it had grown to 176 employees at 11 locations. Cornerstone Bank (MA)'s CD rates are 3X the national average, and it has an A health rating.
Overall | |
---|---|
FDIC Certificate # | 90282 |
Year Established | 1871 |
Employees | 176 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.54% |
Return on Equity - YTD | 6.56% |
Annual Interest Income | $22.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $1.41B$1.39B |
Loans | Q2 2022vs Q2 2021 | $1.17B$1.16B |
Deposits | Q2 2022vs Q2 2021 | $1.21B$1.15B |
Equity Capital | Q2 2022vs Q2 2021 | $116.3MM$117.4MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $12.0MM$11.4MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $7.7MM$6.8MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$1.1MM |
Always verify rates and promotions with the bank or credit union. We are not Cornerstone Bank (MA); 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.50%* | - | $500 | Moola Savings | ||
OTHER TIERS: 0.05% → $500+ | |||||
0.25% | - | - | IRA Savings | ||
0.10% | - | - | Commercial Statement Savings | ||
0.05% | $10 | - | Statement Savings | ||
0.05% | $10 | - | Holiday Savings Plan |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $10 | - | RITE Premium Checking |