Cornerbank

Headquarters

900 Main Street
Winfield, KS 67156
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cornerbank is an FDIC insured institution located in Winfield, KS. It was founded in 1872 and has approximately $0.26 billion in assets.

FDIC Insured Yes
FDIC Certificate # 4803
Date Established 1872
Assets $ 263.65 million
Loans $ 159.41 million
Deposits $ 230.00 million
Capital $ 26.33 million
 

For a more detailed analysis of Cornerbank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cornerbank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Cornerbank
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Branches

Cornerbank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Cornerbank Locations


Financial Details

Cornerbank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cornerbank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cornerbank U.S. Bank Average
6.11% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Cornerbank had $964,000 in non-current loans and $780,000 in owned real estate. To cover these potential losses it had $26,329,000 in equity and $2,211,000 in loans loss reserves. That gives it a Texas Ratio of 6.11%.

Return on Equity
Cornerbank U.S. Bank Average
13.68% 7.80%

Cornerbank has a Return on Equity of 13.68% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Cornerbank U.S. Bank Average
9.99% 12.68%

Cornerbank has a Capitalization of 9.99% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Cornerbank Balance Sheet Analysis

As of June 30, 2016, Cornerbank had assets of $263,645,000, loans of $159,407,000, and deposits of $230,003,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 159.41 million
Loan loss allowance $ 2.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.78 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 230.00 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 263.65 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Cornerbank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Kansas, Cornerbank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.80
Multifamily
Mortgages
1.31
Credit Card Loans 0.00
Consumer Auto Loans 2.35
Small Business Loans 10.13
Construction and Development Loans 4.09
Commercial Real Estate 19.92
Commercial and Industrial Loans 16.80
Farm Loans 20.95

Frequently Asked Questions About Cornerbank

Branches and Savings

Is Cornerbank FDIC insured?

Yes. It is covered under FDIC Certificate #4803.

Why does Cornerbank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Cornerbank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Cornerbank a commercial bank?

Yes

Where are Cornerbank locations?

See branch locations nearby.

Is Cornerbank open on Saturdays?

Is Cornerbank open on Sundays?

What time does Cornerbank open?

What time does Cornerbank close?

Are Cornerbank ATMs Open 24/7?

Do Cornerbank ATMs accept cash deposits?

Can Cornerbank customers use other ATMs?

Do Cornerbank branches have notaries?

Will Cornerbank notarize my document?

What address for Cornerbank should I put for incoming ACH transfers?

Will the Cornerbank branch print checks?

Do Cornerbank checks expire?

Does Cornerbank require US citizenship to open account?

Can Cornerbank close my account?

Does Cornerbank Report to credit bureaus?

Does Cornerbank Use Equifax?

What is Cornerbank's ACH Routing Number?

What is Cornerbank's SWIFT code?

Products

Does Cornerbank offer mortgages?

Compare mortgage rates here.

Does Cornerbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cornerbank offer personal loans?

Compare personal loan rates here.

Does Cornerbank offer student loans?

Will Cornerbank cash a check?

Will Cornerbank redeem a savings bond?

Does Cornerbank cash savings bonds?

Will Cornerbank cash money orders?

Can Cornerbank issue a money order?

Does Cornerbank do currency exchange?

Background on The Bank

Who owns Cornerbank?

How long has Cornerbank been around?

Can Cornerbank transfer to other banks?

Does Cornerbank have quick pay?

Does Cornerbank accept rolled coins?

Will Cornerbank accept loose change?

Where is Cornerbank headquarters?

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