Cornerstone State Bank


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

Cornerstone State Bank is headquartered in Montgomery and is the 101st largest bank in the state of Minnesota. It is also the 2,919th largest bank in the nation. It was established in 1974 and as of June of 2022, it had grown to 44 employees at 7 locations. Cornerstone State Bank has an A health rating.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #21525
Year Established1974
Employees44
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD12.62%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$225.0MM$222.9MM
LoansQ2 2022vs Q2 2021$115.5MM$108.1MM
DepositsQ2 2022vs Q2 2021$211.6MM$199.0MM
Equity CapitalQ2 2022vs Q2 2021$12.3MM$22.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.4MM$1.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$165.00K$388.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$374.00K
Rates

Rates for Cornerstone State Bank are currently being reviewed.

Locations


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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