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.
Overall | |
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FDIC Certificate # | 21525 |
Year Established | 1974 |
Employees | 44 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.92% |
Return on Equity - YTD | 12.62% |
Annual Interest Income | $3.2MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $225.0MM$222.9MM |
Loans | Q2 2022vs Q2 2021 | $115.5MM$108.1MM |
Deposits | Q2 2022vs Q2 2021 | $211.6MM$199.0MM |
Equity Capital | Q2 2022vs Q2 2021 | $12.3MM$22.4MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.4MM$1.4MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $165.00K$388.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$374.00K |
Rates for Cornerstone State Bank are currently being reviewed.
Cornerstone State Bank Locations | ||
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1516 Cloquet Avenue Branch | 1516 Cloquet Avenue | Cloquet, MN 55720 |
Cornerstone State Bank | 401 4th St Nw | Montgomery, MN 56069 |
Belle Plaine Branch | 406 Poplar Street | Belle Plaine, MN 56011 |
Le Sueur Branch | 415 North Main St | Le Sueur, MN 56058 |
Green Isle Branch | 451 Third Street | Green Isle, MN 55338 |
Eagle Lake Branch | 600 Parkway Avenue | Eagle Lake, MN 56024 |
Madison Lake Branch | 500 Main Street | Madison Lake, MN 56063 |