Cornerstone State Bank
FDIC #21525
📍 Montgomery, Minnesota
Cornerstone State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in April 8, 1974. With assets of $221.08 Million, it operates 7 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 1, 2025
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 1, 2025
Satisfactory
May 1, 2019
Satisfactory
August 1, 2013
Satisfactory
💰 Financial Strength
Total Assets$221.08 Million
Total Deposits$205.44 Million
Equity Capital$9.56 Million
Net Income$1.26 Million
📈 Performance
ROA0.75%
ROE14.71%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedApril 8, 1974
FDIC Cert21525
Holding CoCornerstone Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 6:00 PM
Tuesday8:00 AM - 6:00 PM
Wednesday8:00 AM - 6:00 PM
Thursday8:00 AM - 6:00 PM
Friday8:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2016
Merger / Acquisition
Acquired: Peoples State Bank Of Madison Lake
2010
Relocation
Moved HQ to: 401 Fourth St Nw, Montgomery, MN 56069.
2009
Relocation
Moved HQ to: 221 First Street South, Montgomery, MN 56069.
2002
Relocation
Moved HQ to: 415 N. Main, Le Sueur, MN 56058.
1997
Name Change
Name became: Changed Institution Name To Cornerstone State Bank.