CornerStone Bank is headquartered in Fargo and is the 10th largest bank in the state of North Dakota. It is also the 824th largest bank in the nation. It was established in 1907 and as of December of 2018, it had grown to 156 employees at 12 locations. CornerStone Bank has a B+ health rating.
I love banking at Cornerstone. There is never a wait in line and there are always several people ready to help me. Every single employee knows my name and takes the time to welcome me when I come it. There is always time for the employees to catch up on the goings on in my family and they remember so many things. I have needed help several times with online banking issues and they are always quickly resolved. They do a great job of letting me know about changes that could either positively or negatively including fees and policies. They are always able to work with me when ever an issue pops up. One time one of them identified a possible over draft problem before it happened and took the time to call me and talk to me about it so the issue could be avoided. Their fees are practically nothing and I feel like it is a very safe place to do my banking.
|FDIC Certificate #||13198|
|Return on Assets - YTD||1.25%|
|Return on Equity - YTD||14.51%|
|Annual Interest Income||$35.4MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$940.0MM$838.9MM|
|Loans||Q4 2018vs Q4 2017||$647.3MM$618.5MM|
|Deposits||Q4 2018vs Q4 2017||$856.5MM$752.3MM|
|Equity Capital||Q4 2018vs Q4 2017||$77.9MM$76.5MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$10.2MM$9.3MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$8.2MM$13.0MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$2.2MM$1.6MM|
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