2. Cornerstone State Bank

Cornerstone State Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.72%5-year CD
3.00% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
1.91%1-year CD
2.70% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
0.25%Savings
2.20% - Barclays Online Savings AccountAdvertisement
View all Cornerstone State Bank rates »

Overview / Commentary
cornerstonestatebank.com
507-364-2265
401 Fourth St Nw
Montgomery, MN 56069

Cornerstone State Bank is headquartered in Montgomery and is the 106th largest bank in the state of Minnesota. It is also the 3,179th largest bank in the nation. It was established in 1974 and as of December of 2018, it had grown to 46 employees at 7 locations. Cornerstone State Bank's money market rates are 3X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #21525
Year Established1974
Employees46
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD12.63%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$172.1MM$169.3MM
LoansQ4 2018vs Q4 2017$110.5MM$105.6MM
DepositsQ4 2018vs Q4 2017$152.1MM$149.7MM
Equity CapitalQ4 2018vs Q4 2017$18.7MM$18.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.5MM$1.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.7MM$1.8MM
Real Estate OwnedQ4 2018vs Q4 2017$434.00K$301.00K
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 State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$150k*-CornerStone Non-Profit-Int
OTHER TIERS: 0.25% → Up to $25k | 0.35% → $25k - $75k | 0.75% → $75k - $150k
0.30%*$25k*-CornerStone Gold/VIP Savings
OTHER TIERS: 0.20% → Up to $25k
0.30%*$25k*-CornerStone IRA Savings
OTHER TIERS: 0.20% → Up to $25k
0.30%*$25k*-CornerStone HSA Savings
OTHER TIERS: 0.20% → Up to $25k
0.25%*$25k*-CornerStone Personal Savings
OTHER TIERS: 0.15% → Up to $25k
0.25%*$25k*-CornerStone Minor Savings
OTHER TIERS: 0.15% → Up to $25k
0.25%-$25kCornerStone Christmas Club Savings
0.25%*$25k*-CornerStone Public Funds Business
OTHER TIERS: 0.15% → Up to $25k
0.25%*$25k*-CornerStone Business Savings
OTHER TIERS: 0.15% → Up to $25k

Cornerstone State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$150k*-CornerStone Gold/VIP Money Market
OTHER TIERS: 0.25% → Up to $25k | 0.45% → $25k - $75k | 0.90% → $75k - $150k
1.10%*$150k*-CornerStone Personal Money Market
OTHER TIERS: 0.20% → Up to $25k | 0.40% → $25k - $75k | 0.85% → $75k - $150k
1.10%*$150k*-CornerStone Business Money Market
OTHER TIERS: 0.20% → Up to $25k | 0.40% → $25k - $75k | 0.85% → $75k - $150k
1.10%*$150k*-CornerStone Public Money Market
OTHER TIERS: 0.20% → Up to $25k | 0.40% → $25k - $75k | 0.85% → $75k - $150k

Cornerstone State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$150k*-Public Funds Checking
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $75k | 0.65% → $75k - $150k
0.30%*$150k*-CornerStone Gems Checking Account
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $75k | 0.25% → $75k - $150k
0.30%*$150k*-CornerStone Gold VIP Checking
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $75k | 0.25% → $75k - $150k
0.30%*$150k*-CornerStone Builder Checking-Int
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $75k | 0.25% → $75k - $150k
0.30%*$150k*-CornerStone Mascot Checking-Int
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $75k | 0.25% → $75k - $150k
0.30%*$150k*-CornerStone Regular Business Checking
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $75k | 0.25% → $75k - $150k
0.20%*$150k*-Club Checking Account
OTHER TIERS: 0.10% → Up to $75k | 0.15% → $75k - $150k

Cornerstone State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.72%*$75k*-60 Month CD - Semi-Annually
OTHER TIERS: 1.35% → Up to $25k | 2.06% → $25k - $75k
2.41%*$75k*-36 - 48 Month CD - Semi-Annually
OTHER TIERS: 1.25% → Up to $25k | 1.96% → $25k - $75k
2.11%*$75k*-24 - 35 Month CD - Semi-Annually
OTHER TIERS: 1.05% → Up to $25k | 1.61% → $25k - $75k
1.91%*$75k*-12 - 23 Month CD - Semi-Annually
OTHER TIERS: 0.95% → Up to $25k | 1.40% → $25k - $75k
1.75%*$75k*-6 Month CD - Semi Annually
OTHER TIERS: 0.75% → Up to $25k | 1.25% → $25k - $75k
1.65%*$75k*-3 Month CD - Quarterly
OTHER TIERS: 0.40% → Up to $25k | 1.15% → $25k - $75k
1.25%$1k-17 Month CD Special - New Money

Cornerstone State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.62%*$75k*-36-48 Month IRA CD - Semi-Annually
OTHER TIERS: 1.46% → Up to $25k | 2.01% → $25k - $75k
Locations


Cornerstone State Bank Locations
1516 Cloquet Avenue Branch1516 Cloquet AvenueCloquet, MN 55720
Cornerstone State Bank401 Fourth St NWMontgomery, MN 56069
Belle Plaine Branch406 Poplar StreetBelle Plaine, MN 56011
Le Sueur Branch415 North Main StLe Sueur, MN 56058
Green Isle Branch451 Third StreetGreen Isle, MN 55338
Eagle Lake Branch600 Parkway AvenueEagle Lake, MN 56024
Madison Lake Branch500 Main StreetMadison Lake, MN 56063

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