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Cornerstone Bank (NJ)


Overview / Commentary
www.cornerstonebank.net
856-638-0300
6000 Midlantic Drive Suite 120 South
Mount Laurel, NJ 08054

Cornerstone Bank (NJ) is headquartered in Moorestown and is the 52nd largest bank in the state of New Jersey. It is also the 2,477th largest bank in the nation. It was established in 1999 and as of June of 2020, it had grown to 61 employees at 6 locations. Cornerstone Bank (NJ) has a B health rating.

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Health
B

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #35286
Year Established1999
Employees61
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.06%
Return on Equity - YTD0.68%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$279.1MM$255.3MM
LoansQ2 2020vs Q2 2019$191.1MM$170.8MM
DepositsQ2 2020vs Q2 2019$251.2MM$233.3MM
Equity CapitalQ2 2020vs Q2 2019$22.5MM$16.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.4MM$1.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$705.00K$896.00K
Real Estate OwnedQ2 2020vs Q2 2019$3.2MM$2.4MM
Rates
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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 (NJ) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$5k*$500kConsumer Money Market
OTHER TIERS: 0.10% → Up to $5k | 0.20% → $500k+
0.15%*$5k*-Business Indexed Money Market
OTHER TIERS: 0.10% → Up to $5k

Cornerstone Bank (NJ) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1-Business Interest Checking Account
0.05%$1-Supreme Checking Account

Cornerstone Bank (NJ) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-11 Month CD Special
0.45%$500-60 Month CD
0.40%$500-36 to 47 Month CD
0.40%$500-48 Month CD
0.35%$500-18 to 24 Month CD
0.35%$500-30 to 35 Month CD
0.35%$500-13 to 17 Month CD
0.35%$500-25 to 29 Month CD
0.25%$500-12 Month CD
0.15%$500-6 to 11 Month CD
0.05%$500-7 Day to 5 Month CD

Cornerstone Bank (NJ) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-11 Month IRA Special
0.45%$500-60 Month IRA
0.40%$500-36 to 47 Month IRA
0.40%$500-48 Month IRA
0.35%$500-18 to 24 Month IRA
0.35%$500-30 to 35 Month IRA
0.35%$500-13 to 17 Month IRA
0.35%$500-25 to 29 Month IRA
0.25%$500-12 Month IRA
0.15%$500-6 to 11 Month IRA
0.05%$500-7 Day to 5 Month IRA
Locations


Cornerstone Bank (NJ) Locations
Burlington City Branch115 East Broad StreetBurlington City, NJ 08016
West Deptford Branch1201 North Broad StreetWest Deptford, NJ 08096
Voorhees Branch133 Route 73Voorhees, NJ 08043
Cherry Hill Branch1405 Route 70Cherry Hill, NJ 08034
Medford Branch170 Himmelein RoadMedford, NJ 08055
Cornerstone Bank253 W. Main StreetMoorestown, NJ 08057
Corporate office6000 Midlantic Dr Suite 120 SMount Laurel, NJ 08054

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