Cornerstone State Bank

Overview / Commentary
401 Fourth St Nw
Montgomery, MN 56069

Cornerstone State Bank is headquartered in MONTGOMERY and is the 103rd largest bank in the state of Minnesota. It is also the 2,870th largest bank in the nation. It was established in 1974 and as of March of 2024, it had grown to 43 employees at 7 locations. Cornerstone State Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #21525
Year Established1974
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.73%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$227.3MM$220.2MM
LoansQ1 2024vs Q1 2023$136.9MM$125.8MM
DepositsQ1 2024vs Q1 2023$207.7MM$203.7MM
Equity CapitalQ1 2024vs Q1 2023$13.3MM$12.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.5MM$1.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$30K$89K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for Cornerstone State Bank are currently being reviewed.


Cornerstone State Bank Locations
1516 Cloquet Avenue Branch1516 Cloquet AvenueCloquet, MN 55720
Cornerstone State Bank401 4th 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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