Cornerstone Bank (Fargo, ND)
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Data as of · sourced from FFIEC call reports. How we update
Cornerstone Bank is an FDIC-insured commercial bank headquartered in Fargo, ND, established in 1907 (FDIC certificate 13198), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.85B, up 5.6% from Q2 2025, the 10th largest of 60 banks headquartered in North Dakota. Its CET1 capital ratio was 11.28% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13198
- Headquarters
- Fargo, ND
- Established
- 1907
- Total assets, Q2 2026
- $1.85B
- Assets vs Q2 2025
- +5.6%
- CET1 ratio, Q2 2026
- 11.28%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 091300719
- Latest call report
- Q2 2026, FFIEC 041 · Cornerstone Bank call report
- Holding company
- CORNERSTONE HOLDING COMPANY, INC.
- Asset rank in state
- 10th of 60 in North Dakota
Problem loans are rising at Cornerstone Bank. It reported $1.9 billion in assets at June 30, 2026, up 5.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.35% of loans from 0.81% a year earlier. It carries problem assets equal to 18.9% of the capital and reserves that would absorb them, 5.3 times the median of 3.6% for the 895 banks with $1 billion to $10 billion in assets. It also holds common equity equal to 11.28% of its risk-weighted assets, lower than about three-quarters of banks its size (median 13.52%).
Funding is the softer spot: it holds about two-fifths of its deposits (43%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, Cornerstone Bank reported a CET1 capital ratio of 11.28%, a return on assets of 1.23%, a nonperforming-loan ratio of 2.35% and a Texas ratio of 18.95%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Cornerstone Bank is the 10th largest of the 60 banks headquartered in North Dakota. Between Q1 2026 and Q2 2026, its total assets rose 5.9% to $1.85B, loans rose 6.2% and deposits rose 7.2%. Commercial and industrial loans made up 16.9% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 16.6%. Its 13 offices in the FDIC Summary of Deposits are in 12 cities across 2 states; its New Town 2 offices book 27% of its branch deposits. By the capital ratios in its Q2 2026 call report, Cornerstone Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2280 45th St S, Fargo, ND 58104
- County
- Cass
- Metro Area
- Fargo, ND-MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 041
- Established
- July 15, 1907
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 237
- Domestic deposits
- $1.65B
- Allowance for credit losses
- $17.9M
- Net charge-offs (YTD)
- $824K
- Average total assets
- $1.82B
- Average total loans
- $1.33B
- Average interest-bearing deposits
- $1.55B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 13198
- Fed RSSD
- 879457
- SEC CIK
- 2068521 → filed by CORNERSTONE HOLDING COMPANY, INC.
- Website
- www.cornerstone.bank →
- Parent Holding Company
- CORNERSTONE HOLDING COMPANY, INC. (RSSD 3435283)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Cornerstone Bank's total assets moved between a low of $1.49B (Q3 2023) and a high of $1.85B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.85B total assets against $1.76B; $1.70B total liabilities against $1.63B.
$1.35B net loans and leases against $1.25B; $1.65B total deposits against $1.58B.
$301.0M securities against $299.3M; $67.0M cash and balances due against $71.8M.
$25.0M total interest income against $24.6M; $7.5M total interest expense against $8.8M.
$17.5M net interest income against $15.8M.
$1.6M total noninterest income against $1.2M; $11.0M total noninterest expense against $9.3M.
$600K provision for credit losses against $600K.
$5.6M net income against $5.2M.
1.23% return on assets against 1.16%; 4.02% net interest margin against 3.67%.
11.28% CET1 capital ratio against 10.42%; 9.63% tier 1 leverage ratio against 8.42%.
Inside the full Cornerstone Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCornerstone Bank rankings
Its closest position to the top of a national ranking is 196 of 3,640, for Texas Ratio; its furthest is 1,896 of 2,134, for CET1 ratio.
Metric pages for Cornerstone Bank: Texas Ratio, Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.77% (Q3 2024) to 1.49% (Q1 2025) and its net interest margin ran from 3.41% (Q1 2025) to 4.02% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.28% | 1.23% | 2.35% | 18.95% | 4.02% |
| Q1 2026 | 11.46% | 1.27% | 1.51% | 11.97% | 3.98% |
| Q4 2025 | 11.33% | 1.34% | 1.05% | 8.29% | 3.88% |
| Q3 2025 | 10.85% | 1.32% | 0.69% | 5.86% | 3.98% |
| Q2 2025 | 10.42% | 1.16% | 0.81% | 7.23% | 3.67% |
| Q1 2025 | 10.24% | 1.49% | 0.39% | 3.68% | 3.41% |
| Q4 2024 | 10.00% | 0.98% | 0.16% | 1.54% | 3.44% |
| Q3 2024 | 9.65% | 0.77% | 0.24% | 2.36% | 3.50% |
Swipe the table sideways to see every column.
Branch Network
View all 13 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| New Town Branch | New Town , ND | 58763 | $438.9M |
| Watford City Branch | Watford City , ND | 58854 | $305.7M |
| Cornerstone Bank (main office) | Fargo , ND | 58104 | $288.9M |
| Bismarck Branch | Bismarck , ND | 58501 | $223.4M |
| Minot Branch | Minot , ND | 58701 | $123.1M |
| Parshall Branch | Parshall , ND | 58770 | $110.0M |
| Dickinson Office Branch | Dickinson , ND | 58601 | $101.5M |
| Sioux Falls Branch | Sioux Falls , SD | 57108 | $39.6M |
| Cornerstone Bank - Rugby Branch | Rugby , ND | 58368 | $15.8M |
| Watertown Branch | Watertown , SD | 57201 | $1.5M |
| Aberdeen Branch | Aberdeen , SD | 57401 | $385K |
| Detached Facility | New Town , ND | 58763 | $0 |
| Plaza Branch | Plaza , ND | 58771 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 21, 2015 | Structure Change | Acquired McKenzie County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 14, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 14, 2015 | Structure Change | Acquired another institution Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 1, 2008 | Structure Change | Acquired Peoples Bank and Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 3, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 5 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- May 27, 2011, Federal Reserve: Written Agreement: Cornerstone Holding Company, Inc., Fargo, North Dakota
- Period: Most recent institution action May 27, 2011. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 3.7% of deposits in ND, rank 10 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 165 applications, 143 loans originated, $42.7M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $2.3M approved, $451K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Cornerstone Bank
What are Cornerstone Bank's total assets?
As of the Q2 2026 filing, Cornerstone Bank reported total assets of $1.85 billion in its FFIEC call report.
Where is Cornerstone Bank headquartered?
It is headquartered in Fargo, ND, United States.
When was Cornerstone Bank founded?
It was established in 1907, per the FDIC institution directory.
Is Cornerstone Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13198). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Cornerstone Bank?
Cornerstone Bank's primary federal regulator is the FDIC.
What is Cornerstone Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.28% in its Q2 2026 call report, above regulatory requirements.
How many branches does Cornerstone Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Cornerstone Bank's Texas Ratio?
Its Texas Ratio is 18.95% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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