Banks | Cornerstone National Bank & Trust Company

Cornerstone National Bank & Trust Company


Cornerstone National Bank & Trust Company is an FDIC insured institution headquartered at 1 W Northwest Hwy, Palatine, IL 60067.
It was founded in 2000 and has approximately $1 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.35% $100,000 Compare
12 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.35% $100,000 Compare
24 Mo CD
0.40% $10,000 Compare
24 Mo CD
0.45% $100,000 Compare
36 Mo CD
0.60% $10,000 Compare
36 Mo CD
0.65% $100,000 Compare
48 Mo CD
0.65% $10,000 Compare
48 Mo CD
0.70% $100,000 Compare
60 Mo CD
0.75% $10,000 Compare
60 Mo CD
0.80% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.05% $25,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.55% $1
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57061
Date Established 2000
Assets $ 985.45 million
Loans $ 634.36 million
Deposits $ 886.16 million
Capital $ 91.62 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 156.17 million
Interest-bearing balances $ 142.90 million
Total securities $ 179.37 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 634.36 million
Loan loss allowance $ 8.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 10.41 million
     Total Assets $ 893.83 million

LIABILITIES
Total deposits $ 886.16 million
      Interest-bearing deposits $ 592.34 million
      Deposits held in domestic offices $ 886.16 million
      % insured (estimated) 57.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 6.12 millionn
      Total Liabilities $ 893.83 million
      Shareholders’ Equity $ 91.62 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 26.30 million
Total Interest Expense $ 9.49 million
Net interest income $ 16.80 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 2.53 million
Total non interest expense $ 12.58 million
Pre-tax Net Operating Income $ 6.53 million

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Cornerstone National Bank & Trust Company Locations

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