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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 $1.9MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $29.5M15%Noninterest $5.1MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.93%0.86%0.77%0.76%0.68%-25 bps
Return on Equity7.04%6.42%5.70%5.29%4.56%-248 bps
Net Interest Margin3.51%3.38%3.51%3.62%3.78%+26 bps
Efficiency Ratio78.29%77.36%76.95%75.96%72.35%-594 bps
Non-Interest Burden2.69%2.56%2.64%2.68%2.64%-5 bps
Growth
Asset Growth (YoY)-1.97%-4.43%-3.78%2.08%-11.01%-904 bps
Loan Growth (YoY)-4.31%-4.55%-7.38%-6.94%-2.82%+150 bps
Deposit Growth (YoY)2.02%-7.06%-1.01%2.14%-14.11%-1,613 bps
Asset Quality
Nonperforming Loans / Loans0.49%0.49%0.49%0.49%0.47%-2 bps
Net Charge-Offs / Loans0.23%0.15%0.16%0.39%0.24%+1 bps
Allowance / Loans1.34%1.33%1.46%1.39%1.62%+28 bps
Allowance Coverage of NPLs2.7x2.7x3.0x2.8x3.4x+0.7x
Capital
Tier 1 Leverage Ratio13.85%13.82%14.34%14.61%15.19%+134 bps
Total Risk-Based Capital30.24%30.86%32.41%32.82%36.23%+599 bps
Equity / Assets13.22%13.86%14.46%14.39%15.74%+251 bps
Liquidity & Funding
Loans / Deposits68.07%75.05%72.32%69.75%77.02%+895 bps
Liquid Assets / Assets21.45%22.21%21.57%25.20%22.08%+63 bps
CRE / Total Capitaln/a49.95%52.88%48.75%n/an/a