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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

4.25%Q2 ’245.33%Q2 ’255.47%Q2 ’26+82%+12%

Non-interest income vs. expense

2.56%Q2 ’243.04%Q2 ’252.87%Q2 ’26+11%-9%

Executive Summary

  • Earnings: ROA of 0.58%, down 71 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.47% of loans (-2 bps YoY), with net charge-offs at 0.09%.
  • 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 (quarter, annualized)

0.58%-71 bps YoY

Net Interest Margin (quarter, annualized)

3.82%+42 bps YoY

Efficiency Ratio (quarter, annualized)

68.86%-1,424 bps YoY

Tier 1 Leverage Ratio

15.19%+134 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%0.70%0.51%0.76%0.58%-71 bps
Return on Equity9.62%5.20%3.62%5.29%3.83%-579 bps
Net Interest Margin3.40%3.23%3.60%3.62%3.82%+42 bps
Efficiency Ratio83.10%75.37%75.78%75.96%68.86%-1,424 bps
Non-Interest Burden2.78%2.37%2.65%2.68%2.52%-26 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 / Loans0.26%0.01%0.18%0.39%0.09%-17 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