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Cornerstone Bank
Spencer, MA · State-chartered bank (Fed member) · Part of Peoplesbancorp MHC
- Total assets
- $2.57B
- Q2 2026
- Deposits
- $1.94B
- Net income
- $7.15M
- first half of 2026
- Return on assets
- 0.63%
- Annualized
Bank details
As reported to the FDIC
- FDIC certificate
- 90282
- Main office
- Spencer, MA
- Holding company
- Peoplesbancorp MHC
- Charter
- State-chartered bank (Fed member)
- Primary federal regulator
- Federal Reserve
- Established
- 04/05/1871
- FDIC insured since
- 07/08/1985
- U.S. offices
- 17
- Employees (full-time equivalent)
- 242
- Specialty
- Commercial Lending Specialization
- Website
- www.cornerstonebank.com
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.57B | $2.4B | $1.82B | $1.77B | $1.73B | $1.71B | $1.68B | $1.64B |
| Deposits | $1.94B | $1.95B | $1.42B | $1.37B | $1.33B | $1.35B | $1.31B | $1.29B |
| Net loans and leases | $1.93B | $1.86B | $1.45B | $1.42B | $1.39B | $1.35B | $1.32B | $1.32B |
| Securities | $354.1M | $252.2M | $138.4M | $141M | $137.5M | $134.8M | $129.2M | $127.6M |
| Equity capital | $227.5M | $229.2M | $159.6M | $154.3M | $152.5M | $151.3M | $153.4M | $125.8M |
| Net income (year to date) | $7.15M | $4.05M | $8.35M | $3.46M | $2.87M | $1.62M | -$2.89M | $182K |
| Return on assets | 0.63% | 0.77% | 0.48% | 0.27% | 0.34% | 0.38% | -0.18% | 0.02% |
| Return on equity | 6.96% | 8.34% | 5.41% | 3.02% | 3.76% | 4.26% | -2.23% | 0.20% |
| Net interest margin | 3.46% | 3.58% | 2.54% | 2.51% | 2.43% | 2.33% | 2.26% | 2.27% |
| Efficiency ratio | 81.0% | 80.3% | 93.3% | 93.3% | 91.6% | 92.0% | 107.4% | 99.1% |
| Noncurrent loans | 0.35% | 0.36% | 0.40% | 0.49% | 0.51% | 0.26% | 0.18% | 0.26% |
| Net charge-off rate | 0.04% | 0.02% | -0.01% | -0.02% | -0.03% | -0.03% | 0.01% | 0.01% |
| Leverage (core capital) ratio | 9.22% | 9.23% | 9.58% | 9.49% | 9.63% | 9.75% | 10.05% | 8.43% |
| Total risk-based capital ratio | 12.31% | 13.00% | 12.90% | 13.11% | 13.56% | 13.94% | 14.55% | 12.18% |
Assets grew 49.0% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$1.73B89.6%
- Commercial and industrial loans$90.97M4.7%
- Consumer loans$117.7M6.1%
Find bank branches in Massachusetts · Employees: 242
Frequently asked questions
- What is Cornerstone Bank's FDIC certificate number?
- Cornerstone Bank's FDIC certificate number is 90282.
- How big is Cornerstone Bank?
- Cornerstone Bank reported total assets of $2.57B and deposits of $1.94B as of Q2 2026.
- Is Cornerstone Bank FDIC insured?
- Yes. Cornerstone Bank has been insured by the FDIC since 07/08/1985. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026