Cornerstone Bank (Spencer, MA)
Cornerstone Bank (Spencer, MA) reported total assets of $2.6 bn at Q2 2026, up 49.0% on a year earlier, the 487th largest of 497 banks in our US coverage. The CET1 capital ratio at Cornerstone Bank (Spencer, MA) was 11.84%, and the uninsured share of Cornerstone Bank (Spencer, MA) was 27.38%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, Cornerstone Bank (Spencer, MA) climbed from 473rd to 308th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , Cornerstone Bank (Spencer, MA) has taken over 2 institutions; the latest was Athol Savings Bank on (FDIC Call Reports).
- Cornerstone Bank (Spencer, MA) has one of the highest efficiency ratio readings among banks of $1 bn to $10 bn: 81.02% at , against a median of 56.87% across 339 banks (FDIC Call Reports).
What sets Cornerstone Bank (Spencer, MA) apart
- Over the year to , the net interest margin of Cornerstone Bank (Spencer, MA) rose by 1.02 pp to 3.46%, a bigger rise than at 99% of covered banks.
- Over the year to , the total assets of Cornerstone Bank (Spencer, MA) rose by 49.0% to $2.6 bn, a bigger rise than at 98% of covered banks.
- Over the year to , the total deposits of Cornerstone Bank (Spencer, MA) rose by 45.2% to $1.9 bn, a bigger rise than at 97% of covered banks.
How large is Cornerstone Bank (Spencer, MA)?
The balance sheet of Cornerstone Bank (Spencer, MA) at : assets $2.6 bn, deposits $1.9 bn, net loans $1.9 bn (loans equal to 99.39% of deposits). Securities make up 13.8% of total assets at Cornerstone Bank (Spencer, MA). Since , when Cornerstone Bank (Spencer, MA) held $531.2 mn, its assets grew 384.6%. In the year to , deposits at Cornerstone Bank (Spencer, MA) rose 45.2% while its total assets rose 49.0%. At , Cornerstone Bank (Spencer, MA) employed 242 full-time equivalent staff across 17 offices, about $10.6 mn of assets per employee and $114.0 mn of deposits per office.
How much funding at Cornerstone Bank (Spencer, MA) is uninsured?
At Cornerstone Bank (Spencer, MA), uninsured deposits (above the FDIC limit) made up 27.38% of domestic deposits at (-0.71 pp on a year earlier); Cornerstone Bank (Spencer, MA) ranks 347th of 500 on this measure. In dollars, Cornerstone Bank (Spencer, MA) estimated $530.5 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.9 bn | +45.2% | 494th of 499 |
| Net loans and leases | $1.9 bn | +38.5% | 451st of 500 |
| Loan-to-deposit ratio | 99.39% | -4.79 pp | 64th of 500 |
| Tier 1 leverage ratio | 9.22% | -0.40 pp | 405th of 500 |
| Total risk-based capital ratio | 12.31% | -1.25 pp | 393rd of 448 |
| Net interest margin | 3.46% | +1.02 pp | 308th of 500 |
| Return on assets (ROA) | 0.63% | +0.30 pp | 455th of 500 |
| Efficiency ratio | 81.02% | -10.55 pp | 479th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $1,000 | Narrowed by $1,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $13.2 mn | Narrowed by $589,000 | |
| Noncurrent loans to total loans | 0.35% | -0.16 pp | 126th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.04% | +0.07 pp | 175th of 500 (1 = lowest) |
US rank of Cornerstone Bank (Spencer, MA): 1 = highest unless marked 1 = lowest.
Balance sheet
Cornerstone Bank (Spencer, MA): assets, deposits and loans
- Total assets $2.6bn
- Deposits $1.9bn
- Net loans $1.9bn
Capital and securities
The CET1 ratio of Cornerstone Bank (Spencer, MA) stood at 11.84% in , -0.83 pp year on year. Low and high at Cornerstone Bank (Spencer, MA) since : 11.21% () to 15.09% (). Equity capital of Cornerstone Bank (Spencer, MA) at : $227.5 mn, or 8.8% of total assets. Cornerstone Bank (Spencer, MA) also reported a total capital ratio of 12.31% for , and a tier 1 leverage ratio of 9.22%.
On held-to-maturity securities, Cornerstone Bank (Spencer, MA) carried an unrealized loss of $1,000 at , equal to 0.0% of equity capital. The loss narrowed by $1,000 over the year. Its deepest point: $84,000 in . The available-for-sale portfolio of Cornerstone Bank (Spencer, MA) showed an unrealized loss of $13.2 mn at ; the loss narrowed by $589,000 over the year.
Cornerstone Bank (Spencer, MA): capital ratios
- Total capital 12%
- CET1 12%
- Tier 1 leverage 9.2%
Cornerstone Bank (Spencer, MA): unrealized securities gains and losses
- Available for sale -$13mn
- Held to maturity -$1,000
Profitability and loan quality
For the year to , Cornerstone Bank (Spencer, MA) earned a return on equity of 6.96%; return on assets: 0.63%. Net interest margin at Cornerstone Bank (Spencer, MA): 3.46%, +1.02 pp in a year. Cornerstone Bank (Spencer, MA) net income: $7.2 mn, up 149.5% year on year. The efficiency ratio of Cornerstone Bank (Spencer, MA) was 81.02%: about 81 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.35% of total loans at Cornerstone Bank (Spencer, MA); net charge-offs: 0.04% of average loans. Gross loans and leases at Cornerstone Bank (Spencer, MA): $1.9 bn, up 38.0% in a year.
Cornerstone Bank (Spencer, MA): profitability
- Return on equity 7.0%
- Net interest margin 3.5%
- Return on assets 0.6%
Peer group of Cornerstone Bank (Spencer, MA)
The peer group of Cornerstone Bank (Spencer, MA) is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Cornerstone Bank (Spencer, MA) (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, Cornerstone Bank (Spencer, MA) shows CET1 ratio 11.84% against a peer median of 13.42%, return on equity 6.96% against a peer median of 14.21% and uninsured deposit share 27.38% against a peer median of 35.77%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| State Bank of Texas | State nonmember bank | TX | $2.6 bn | not reported | 27.93% | 16.58% | |
| First National Bank | National bank | AR | $2.6 bn | 13.42% | 10.46% | 37.85% | |
| Extraco Banks | National bank | TX | $2.6 bn | 15.88% | 9.27% | 19.17% | |
| Cornerstone Bank | State member bank | MA | $2.6 bn | 11.84% | 6.96% | 27.38% | |
| United Business Bank | State member bank | CA | $2.6 bn | 13.76% | 0.93% | 46.48% | |
| Schaumburg Bank & Trust Company | National bank | IL | $2.6 bn | 11.07% | 17.97% | 33.69% | |
| Horizon Bank, SSB | State-chartered stock savings bank | TX | $2.6 bn | 11.99% | 20.71% | 50.64% | |
. FDIC Call Reports.
Last eight quarters
Two years at Cornerstone Bank (Spencer, MA), to : assets +56.6%, deposits +50.5%, equity +80.9%. Staff 189 to 242; offices 11 to 17.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.6 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.8 bn | $1.8 bn | $2.4 bn | $2.6 bn |
| Total deposits | $1.3 bn | $1.3 bn | $1.3 bn | $1.3 bn | $1.4 bn | $1.4 bn | $1.9 bn | $1.9 bn |
| Bank equity capital | $125.8 mn | $153.4 mn | $151.3 mn | $152.5 mn | $154.3 mn | $159.6 mn | $229.2 mn | $227.5 mn |
| CET1 ratio | 11.21% | 13.58% | 13.01% | 12.67% | 12.27% | 12.44% | 12.51% | 11.84% |
| Return on equity (ROE) | 0.20% | -2.23% | 4.26% | 3.76% | 3.02% | 5.41% | 8.34% | 6.96% |
| Uninsured share of domestic deposits | 29.57% | 28.55% | 28.59% | 28.09% | 28.08% | 30.19% | 27.00% | 27.38% |
| Full-time equivalent employees | 189 | 182 | 187 | 201 | 195 | 180 | 242 | 242 |
| Number of offices | 11 | 11 | 11 | 12 | 12 | 12 | 17 | 17 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Cornerstone Bank (Spencer, MA), oldest first; figures before and after each event are not like for like.
- . Absorbed Southbridge Savings Bank (FDIC certificate 23524).
- . Absorbed Athol Savings Bank (FDIC certificate 90146).
Large one-quarter moves at Cornerstone Bank (Spencer, MA)
- Total assets at Cornerstone Bank (Spencer, MA) changed by +96.9% in the quarter to 2017-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Southbridge Savings Bank.
- Total assets at Cornerstone Bank (Spencer, MA) changed by +31.7% in the quarter to 2026-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Athol Savings Bank.
Questions and identifiers
What were the total assets of Cornerstone Bank (Spencer, MA)?
Cornerstone Bank (Spencer, MA) reported $2.6 bn at in its Call Report. That makes Cornerstone Bank (Spencer, MA) the 487th largest of 497 banks in our US coverage.
Is Cornerstone Bank (Spencer, MA) the same as its holding company?
No. This page covers Cornerstone Bank (Spencer, MA), FDIC certificate 90282; PEOPLESBANCORP MHC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Cornerstone Bank (Spencer, MA) profitable?
Cornerstone Bank (Spencer, MA) reported net income of $7.2 mn for the year to ; annualized return on equity: 6.96%. So yes: Cornerstone Bank (Spencer, MA) made a profit over these months.
When is data for Cornerstone Bank (Spencer, MA) next updated?
Figures from Cornerstone Bank (Spencer, MA) for are due after .
Where can I check the figures for Cornerstone Bank (Spencer, MA)?
In the FDIC BankFind Suite record for certificate 90282, and in the Call Reports of Cornerstone Bank (Spencer, MA) (RSSD ID 447100) at the FFIEC Central Data Repository.