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 104^th largest bank in the state of Minnesota. It is also the 3,145^th largest bank in the nation. It was established in 1974 and as of September 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

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	21525
Year Established	1974
Employees	48
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.28%
Return on Equity - YTD	11.17%
Annual Interest Income	$5.2MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$171.9MM$166.7MM
Loans	Q3 2019vs Q3 2018	$106.6MM$105.1MM
Deposits	Q3 2019vs Q3 2018	$150.0MM$147.3MM
Equity Capital	Q3 2019vs Q3 2018	$20.4MM$18.0MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$1.5MM$1.5MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$620.00K$1.9MM
Real Estate Owned	Q3 2019vs Q3 2018	$395.00K$259.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
1.51%^*	$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%	-	$25k	CornerStone Christmas Club Savings
0.25%^*	$25k^*	-	CornerStone Business Savings
OTHER TIERS: 0.15% → Up to $25k

Cornerstone State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%^*	$150k^*	-	CornerStone Public Money Market
OTHER TIERS: 0.20% → Up to $25k \| 0.40% → $25k - $75k \| 1.11% → $75k - $150k
1.11%^*	$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

APY	MIN	MAX	ACCOUNT NAME
1.51%^*	$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

APY	MIN	MAX	ACCOUNT NAME
2.21%^*	$75k^*	-	60 Month CD - Semi-Annually
OTHER TIERS: 1.35% → Up to $25k \| 1.56% → $25k - $75k
1.91%^*	$75k^*	-	36 - 48 Month CD - Semi-Annually
OTHER TIERS: 1.25% → Up to $25k \| 1.51% → $25k - $75k
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
1.61%^*	$75k^*	-	24 - 35 Month CD - Semi-Annually
OTHER TIERS: 1.05% → Up to $25k \| 1.51% → $25k - $75k
1.51%^*	$25k^*	-	12 - 23 Month CD - Semi-Annually
OTHER TIERS: 0.95% → Up to $25k

Cornerstone State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.26%^*	$75k^*	-	36-48 Month IRA CD - Semi-Annually
OTHER TIERS: 1.46% → Up to $25k \| 1.66% → $25k - $75k

Locations

Cornerstone State Bank Locations
1516 Cloquet Avenue Branch	1516 Cloquet Avenue	Cloquet, MN 55720
Cornerstone State Bank	401 Fourth 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

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