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 104th largest bank in the state of Minnesota. It is also the 3,156th largest bank in the nation. It was established in 1974 and as of June of 2019, it had grown to 48 employees at 7 locations. Cornerstone State Bank's money market rates are 4X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #21525
Year Established1974
Employees48
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD10.69%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$170.7MM$163.4MM
LoansQ2 2019vs Q2 2018$110.5MM$103.9MM
DepositsQ2 2019vs Q2 2018$149.4MM$143.8MM
Equity CapitalQ2 2019vs Q2 2018$20.1MM$17.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.5MM$1.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$964.00K$1.9MM
Real Estate OwnedQ2 2019vs Q2 2018$259.00K$219.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cornerstone State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
1.76%*$150k*-CornerStone Public Funds Business
OTHER TIERS: 0.15% Up to $25k | 0.25% $25k - $75k | 1.00% $75k - $150k
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 Business Savings
OTHER TIERS: 0.15% Up to $25k

Cornerstone State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.87%*$150k*-CornerStone Public Money Market
OTHER TIERS: 0.20% Up to $25k | 0.40% $25k - $75k | 1.11% $75k - $150k
1.26%*$150k*-CornerStone Gold/VIP Money Market
OTHER TIERS: 0.25% Up to $25k | 0.45% $25k - $75k | 1.00% $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

Cornerstone State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$150k*-Public Funds Checking
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $75k | 1.00% $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

Cornerstone State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.47%*$75k*-60 Month CD - Semi-Annually
OTHER TIERS: 1.35% Up to $25k | 1.81% $25k - $75k
2.16%*$75k*-36 - 48 Month CD - Semi-Annually
OTHER TIERS: 1.25% Up to $25k | 1.76% $25k - $75k
1.86%*$75k*-24 - 35 Month CD - Semi-Annually
OTHER TIERS: 1.05% Up to $25k | 1.76% $25k - $75k
1.76%*$25k*-12 - 23 Month CD - Semi-Annually
OTHER TIERS: 0.95% Up to $25k
1.66%*$75k*-3 Month CD - Quarterly
OTHER TIERS: 0.65% Up to $25k | 1.15% $25k - $75k
1.66%*$75k*-6 Month CD - Semi Annually
OTHER TIERS: 0.75% Up to $25k | 1.15% $25k - $75k

Cornerstone State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%*$75k*-36-48 Month IRA CD - Semi-Annually
OTHER TIERS: 1.46% Up to $25k | 1.91% $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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