|
 |
|
|
 Cornerstone Bank
Cornerstone Bank
| RSSD ID 879457 | CERTIFICATE 13198 | ABA NUMBER 91300719 |
| 2280 45th St S |
Quarter Ended : |
2025-03-31 |
| Fargo, North Dakota, 58104 |
Updated : |
2025-04-25 |
| www.cornerstone.bank |
|
| Institution Profile |
| Year Opened : |
1907 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
041 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
12 |
Number of Employees : |
208 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,792,778 |
|
Total Interest Income | 23,787 |
| Total Liabilities | 1,675,529 |
|
Total NonInterest Income | 1,222 |
| Total Bank Equity Capital | 117,249 |
|
Total Interest Expense | 9,152 |
| Total Deposits | 1,618,938 |
|
Total NonInterest Expense | 9,699 |
| Net Loans & Leases | 1,227,348 |
|
Net Income | 6,691 |
| Loan Loss Allowance | 16,138 |
|
Net Charge Offs | (35) |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Total capital | 162,880 |
|
Total loans | 1,219,295 |
| Total assets for the leverage ratio | 1,795,360 |
|
Loans secured by real estate: | 796,447 |
| Tier 1 Leverage Ratio | 8.16 |
|
Commercial and industrial loans | 196,087 |
| Tier 1 Capital Ratio | 10.24 |
|
Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.39 |
|
Loans to individuals - Other | 38,896 |
|
|
|
|
:· Cornerstone Bank
