Cornerstone Bank


2280 45th Street South
Fargo, ND 58104
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.55% 0.75% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cornerstone Bank is an FDIC insured institution located in Fargo, ND. It was founded in 1907 and has approximately $1.1 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 13198
Date Established 1907
Assets $ 1,102.74 million
Loans $ 788.26 million
Deposits $ 999.22 million
Capital $ 92.32 million

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

Deposit Rates - June 21, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Fixed IRA
0.40% $1 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.25% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - June 21, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Cornerstone Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.753% 2.750%
0.00 points
$102 fees
$1,021 Learn More
CIT Bank
NMLS ID: 541760
3.016% 2.950%
0.88 points
$2,105 fees
$1,048 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Cornerstone Bank
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Financial Details

Cornerstone Bank Ratio Analysis

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

Texas Ratio
Cornerstone Bank U.S. Bank Average
13.07% 5.49%

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 December 31, 2020, Cornerstone Bank had $12,699,000 in non-current loans and $1,096,000 in owned real estate. To cover these potential losses it had $92,318,000 in equity and $13,262,000 in loans loss reserves. That gives it a Texas Ratio of 13.07%.

Return on Equity
Cornerstone Bank U.S. Bank Average
11.21% 9.24%

Cornerstone Bank has a Return on Equity of 11.21% versus the BestCashCow average of 9.24%. 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.

Cornerstone Bank U.S. Bank Average
8.37% 11.96%

Cornerstone Bank has a Capitalization of 8.37% versus the BestCashCow average of 11.96. 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.

Cornerstone Bank Balance Sheet Analysis

As of December 31, 2020, Cornerstone Bank had assets of $1,102,739,000, loans of $788,262,000, and deposits of $999,223,000. 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

December 31, 2020
Cash & Balances due from depository institutions $ 82.09 million
Interest-bearing balances $ 51.30 million
Total securities $ 162.80 million
Federal funds sold and reverse repurchase $ 10.15 million
Net loans and leases $ 788.26 million
Loan loss allowance $ 13.26 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.10 million
Goodwill and other intangibles $ 0.89 million
All other assets $ 23.83 million
     Total Assets $ 1,010.42 million
Total deposits $ 999.22 million
      Interest-bearing deposits $ 765.58 million
      Deposits held in domestic offices $ 999.22 million
      % insured (estimated) 63.32%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 11.20 million
      Total Liabilities $ 1,010.42 million
      Shareholders’ Equity $ 92.32 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 40.17 million
Total Interest Expense $ 5.04 million
Net interest income $ 35.13 million
Provision for loan and lease losses $ 4.42 million
Total non interest income $ 9.55 million
Total non interest expense $ 30.47 million
Pre-tax Net Operating Income $ 9.78 million

Bank Loan Profile?

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

Compared to other banks in North Dakota, Cornerstone Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.51
Credit Card Loans 0.00
Consumer Auto Loans 0.73
Small Business Loans 8.09
Construction and Development Loans 7.47
Commercial Real Estate 32.51
Commercial and Industrial Loans 21.28
Farm Loans 5.03

Frequently Asked Questions About Cornerstone Bank

Branches and Savings

Is Cornerstone Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13198.

Why does Cornerstone Bank pay such low interest on savings accounts?

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

Why are Cornerstone Bank CD rates not competitive?

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

Is Cornerstone Bank a commercial bank?


Where are Cornerstone Bank locations?

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Is Cornerstone Bank open on Saturdays?

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Do Cornerstone Bank checks expire?

Does Cornerstone Bank require US citizenship to open account?

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Does Cornerstone Bank offer mortgages?

Compare mortgage rates here.

Does Cornerstone Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cornerstone Bank offer personal loans?

Compare personal loan rates here.

Does Cornerstone Bank offer student loans?

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Background on The Bank

Who owns Cornerstone Bank?

How long has Cornerstone Bank been around?

Can Cornerstone Bank transfer to other banks?

Does Cornerstone Bank have quick pay?

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Customer Reviews for Cornerstone Bank

  • June 28, 2017 |


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