Cornerstone Bank (MA) is headquartered in Spencer and is the 34th largest bank in the state of Massachusetts. It is also the 722nd largest bank in the nation. It was established in 1871 and as of December of 2021, it had grown to 169 employees at 13 locations. Cornerstone Bank (MA) has an A health rating.
Overall | |
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FDIC Certificate # | 90282 |
Year Established | 1871 |
Employees | 169 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.57% |
Return on Equity - YTD | 6.77% |
Annual Interest Income | $45.9MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $1.45B$1.35B |
Loans | Q4 2021vs Q4 2020 | $1.14B$1.16B |
Deposits | Q4 2021vs Q4 2020 | $1.22B$1.09B |
Equity Capital | Q4 2021vs Q4 2020 | $121.6MM$113.7MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $11.5MM$11.3MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $7.5MM$4.3MM |
Real Estate Owned | Q4 2021vs Q4 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.
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | $500 | - | 15 Month CD | |
0.30% | $500 | - | 8 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | $500 | - | 15 Month IRA | |
0.30% | $500 | - | 8 Month IRA |