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Cornerstone Bank

Clarinda, IA · Cert 30067

State charter, Fed member · FED · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=134 to 135). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

93

Q2 2024Q2 2026peer median (50)

Asset Quality

32

Q2 2024Q2 2026peer median (50)

Profitability

32

Q2 2024Q2 2026peer median (50)

Liquidity

84

Q2 2024Q2 2026peer median

Efficiency

13

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Cornerstone Bank

Clarinda, IA · Cert 30067

State charter, Fed member · FED · 1 branch

Q2 2026

$42.0MAssets
$26.6MLoans
$34.6MDeposits
$6.6MEquity
Loan mix
88%RE $23.0M5%C&I $1.3M7%Consumer $1.9MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $29.5M15%Noninterest $5.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.68%, down 25 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.47% of loans (-2 bps YoY), with net charge-offs at 0.24%.
  • Capital: tier 1 leverage ratio of 15.19%, up 134 bps from a year ago.
  • Funding: loans stand at 77.02% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.68%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.78%+26 bps YoY

Efficiency Ratio (YTD, annualized)

72.35%-594 bps YoY

Tier 1 Leverage Ratio

15.19%+134 bps YoY

NIM

4.55%Q2 ’245.45%Q2 ’255.49%Q2 ’26+68%+7%

Non-interest income vs. expense

2.68%Q2 ’242.95%Q2 ’252.97%Q2 ’26+8%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.17%-0.38%0.58%0.93%0.86%0.77%0.76%0.68%-25 bps
Return on Equity-9.88%-3.16%4.40%7.04%6.42%5.70%5.29%4.56%-248 bps
Net Interest Margin2.26%2.44%3.66%3.51%3.38%3.51%3.62%3.78%+26 bps
Efficiency Ratio103.29%83.66%73.77%78.29%77.36%76.95%75.96%72.35%-594 bps
Non-Interest Burden2.34%1.91%2.63%2.69%2.56%2.64%2.68%2.64%-5 bps
Growth
Asset Growth (YoY)-0.64%-8.44%-13.09%-1.97%-4.43%-3.78%2.08%-11.01%-904 bps
Loan Growth (YoY)1.18%-0.06%-1.64%-4.31%-4.55%-7.38%-6.94%-2.82%+150 bps
Deposit Growth (YoY)-0.89%-3.90%-8.26%2.02%-7.06%-1.01%2.14%-14.11%-1,613 bps
Asset Quality
Nonperforming Loans / Loans3.63%3.00%1.83%0.49%0.49%0.49%0.49%0.47%-2 bps
Net Charge-Offs / Loans1.29%1.01%0.18%0.23%0.15%0.16%0.39%0.24%+1 bps
Allowance / Loans1.66%1.63%1.75%1.34%1.33%1.46%1.39%1.62%+28 bps
Allowance Coverage of NPLs0.5x0.5x1.0x2.7x2.7x3.0x2.8x3.4x+0.7x
Capital
Tier 1 Leverage Ratio12.16%12.95%13.66%13.85%13.82%14.34%14.61%15.19%+134 bps
Total Risk-Based Capital26.10%27.03%29.01%30.24%30.86%32.41%32.82%36.23%+599 bps
Equity / Assets11.83%12.79%13.59%13.22%13.86%14.46%14.39%15.74%+251 bps
Liquidity & Funding
Loans / Deposits73.07%77.30%76.55%68.07%75.05%72.32%69.75%77.02%+895 bps
Liquid Assets / Assets14.86%14.08%13.33%21.45%22.21%21.57%25.20%22.08%+63 bps
CRE / Total Capitaln/an/an/an/a49.95%52.88%48.75%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Cornerstone Bank

Clarinda, IA · Cert 30067 · Peer group: banks under $1B in assets in IA (n=134-135)

State charter, Fed member · FED · 1 branch

Q2 2026

$42.0MAssets
$26.6MLoans
$34.6MDeposits
$6.6MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 96% of banks under $1B in assets in IA (rank 6 of 135).
  • Widest gap: return on equity trails 93% of banks under $1B in assets in IA (rank 125 of 135).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.71%

Rank 118 of 135

Net Interest Margin

3.78%

Rank 31 of 135

Efficiency Ratio

72.35%

Rank 118 of 135

Equity / Assets

15.74%

Rank 18 of 135

Non-interest income vs. expense

$0.1M$1.3MINCOMEEXPENSE
Unfavorable gap of $1.2M · efficiency ratio beats 13% of banks under $1B in assets in IA
Bank 72.35%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.71%0.92%1.19%1.47%Beats 13%118 / 135
Return on Equity4.50%7.99%10.26%13.14%Beats 7%125 / 135
Net Interest Margin3.78%2.95%3.41%3.73%Beats 77%31 / 135
Efficiency Ratio72.35%50.61%57.35%63.29%Beats 13%118 / 135
Asset Quality
Nonperforming Loans / Loans0.47%0.03%0.51%1.26%Beats 52%65 / 134
Net Charge-Offs / Loans0.13%n/a0.01%0.03%Beats 12%119 / 134
Capital
Tier 1 Capital Ratio34.96%11.23%13.31%15.45%Beats 96%6 / 135
Total Risk-Based Capital Ratio36.23%11.61%14.06%16.47%Beats 96%6 / 135
Equity / Assets15.74%9.87%11.05%13.07%Beats 87%18 / 135
Liquidity & Funding
Loans / Deposits77.02%68.54%81.55%91.24%41st pctl79 / 134
Loans / Assets63.37%57.61%68.06%76.23%36th pctl86 / 135
Brokered Deposits / Depositsn/aNot reported for this institution