# CORNERSTONE BANK
SPENCER, MA · FDIC certificate 90282 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.57B | |
| Deposits | $1.94B | |
| Loans and leases | $1.93B | |
| Total equity | $227.5M | |
| Loans / deposits | 99.39% (p84 of band) | 87.10% |
| Liquid assets / assets | 18.05% (p37 of band) | |
| Uninsured deposits / deposits | 27.38% (p39 of band) | 30.76% |
| Brokered deposits | 0.19% | |
| Wholesale funding | 15.01% (p79 of band) | |
| FHLB advances / assets | 14.81% | |
| Tier 1 leverage | 9.22% (p17 of band) | 10.50% |
| Unrealized securities loss / equity | -5.81% (p59 of band) | -7.75% |
| AOCI / equity | -2.28% (p4 of band) | |
| ROA (annualized) | 0.63% (p12 of band) | 1.26% |
| Net interest margin | 3.46% (p35 of band) | 3.70% |
| Efficiency ratio | 81.02% (p94 of band) | |
| Noncurrent loans | 0.35% (p36 of band) | 0.51% |
| Net charge-offs (annualized) | 0.03% (p54 of band) | |
| Reserve coverage of noncurrent | 128.60% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 14.34% (p13 of band) | |
| Auto loans | $41.3M (2.14% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 45.1% | |
| Employees | 242 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2012-06 | 2 |  | deposits shrinking |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 2 | loans exceed deposits |  |
| 2013-03 | 1 |  | loans exceed deposits |
| 2013-06 | 3 | loans exceed deposits, capital falling |  |
| 2013-09 | 2 |  | reserve under noncurrent |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 1 |  | loans exceed deposits |
| 2015-03 | 1 |  |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 2 | reserve under noncurrent |  |
| 2016-06 | 3 | loans exceed deposits |  |
| 2016-09 | 3 | liquid assets <10% | reserve under noncurrent |
| 2016-12 | 2 |  | capital falling |
| 2017-03 | 2 |  |  |
| 2017-06 | 4 | expense ratio p90, reserve under noncurrent |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | reserve under noncurrent |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | capital falling |  |
| 2018-12 | 5 | wholesale funding >15% |  |
| 2019-03 | 3 |  | capital falling, wholesale funding >15% |
| 2019-06 | 4 | uninsured deposits leaving |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | uninsured deposits leaving |
| 2020-03 | 3 | capital falling | liquid assets <10% |
| 2020-06 | 5 | liquid assets <10%, losing money |  |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | capital falling |
| 2021-03 | 2 |  | liquid assets <10%, losing money |
| 2021-06 | 1 |  | expense ratio p90 |
| 2021-09 | 1 | expense ratio p90 | loans exceed deposits |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | capital falling |  |
| 2022-06 | 1 |  | capital falling |
| 2022-09 | 2 | loans exceed deposits |  |
| 2022-12 | 1 |  | loans exceed deposits |
| 2023-03 | 2 | loans exceed deposits |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | capital falling |  |
| 2023-12 | 2 |  | loans exceed deposits |
| 2024-03 | 4 | loans exceed deposits, NIM <2.5% |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 | losing money | capital falling |
| 2025-03 | 2 |  | loans exceed deposits, losing money |
| 2025-06 | 4 | loans exceed deposits, capital falling |  |
| 2025-09 | 3 |  | NIM <2.5% |
| 2025-12 | 3 | wholesale funding >15% | capital falling |
| 2026-03 | 1 |  | loans exceed deposits, wholesale funding >15% |
| 2026-06 | 3 | wholesale funding >15%, capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-05 [Cornerstone Bank completes $2.4B merger with Athol Savings - wbjournal.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxPcFlHOXF3LTdnSjJiN1Rvc253M3dTMEo3cXp4VFV0cUlNdWllTlFpN3pwcWNTNFZDbnktbTNNQUY2T3BkNEQ4c2tKYmRfNU5zYWs0MGV1ZUR6WXB6Zzg0c0plVGNaV0ZVWGpicldFa1Z0UVo5UFFkNXFpRXQ0b25tajNlTDlNcUlZN3I1VXZiOTRoUQ?oc=5) · wbjournal.com
- 2026-01-05 [Cornerstone Bank, Athol Savings Bank Finalize Merger - Patch](https://news.google.com/rss/articles/CBMimAFBVV95cUxQa2NjZjNWaW8xSXlnSExwbHFIcGhEdlVKLUo1R3R3V1VIelBQVF9PYVhUenR3V2pDQ2ZpMThYOXVEckp6bUxKODFfN1VHUzY4d3ZuMnBDOWtMeE1oWWRUZWNTd2FkSUh6TjBncUhjMlRFVVJBSGl6dk5FSXZncmVOX0UtcFZGMGhlODVlbi03U2dLeG1kX2p1OQ?oc=5) · Patch
- 2025-11-12 [Athol Savings Bank and Cornerstone Bank announce merger, enhancing technology and local access - atholdailynews.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxNSG5vNV9qOHktNllzeEFLS3RYeVRwVWdFWHZ1T1l5UkFjOW52UzgtUnprRDd0Ylg5cjFoeUV6WVdneXRILURZN01nbjV6anBmS1lwZi1oY3J2Tm53V2pnM0FFQ0NDZ3pDdzlia3JRUi03OGkxUkpoWDB6dU1ITnRlRDY5bTdNQ0hDNXlpdUVSQlpfN2JQZXhfeU5BVmoycUJwaWF3V09VMmo2S1hyaWJVQ1FuallaMFB2VWtBUVM5X01yV292Q181dnJ0cGI?oc=5) · atholdailynews.com
- 2025-12-18 [Athol Savings Bank CEO to lead Cornerstone Bank following banks' merger - thegardnernews.com](https://news.google.com/rss/articles/CBMi5wFBVV95cUxPU1BXOENQczNZdXluLXhicXVfYko2SW1xNFpfZWVtcjJwb3JzZGpPM1Z2eFhESDBRWUJCMnNUQjBfR2t2T3NYcER4STZCTHFLdFpFcktzRmNHT2l5cjVfUzVzWGlTaUpSWE4tLVplcXRqMnVSOXNNWXdjV3BiYThiNFRKSU13WFc1bEtEWWQwMlB0RHF5SS1aZlFpTGtKaTYzbVp2OUtJZmF6UF96WmU0dkxrblh0VllMZlJIQ1pUS0ExMHpEVVVNb2dVQXRoNW5tV2N5bVBQRE82RWQxdHhxOHhfaFV0bUE?oc=5) · thegardnernews.com
- 2024-06-21 [PeoplesBank, Cornerstone Bank to merge holding companies to form one of largest in Northeast - hartfordbusiness.com](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPS1l3XzhrNFdBZTBMSzNRQjJ1S19zTTFnRlJSa3FMTmRQRUdVb3d1cnNDNVdxWEVLZXY5TFROaFBGQ2hJZExzallzUFQ4ZUttX2k3M1hqQ2dPUmdURUN6azRoa3pBeER4T0dUdi03QVp1cFJWckV4bUxMN2dkMGYyaTBiSGxSaDV4MHU5ZUwtei0yZUJxeW1SNWNIdGFGQVdoalBpd1FwTlVST3p2SnhZMG5GazBSMXJpMXhWU1BBaHRobWRwYzlDYw?oc=5) · hartfordbusiness.com
- 2025-02-06 [Cornerstone and PeoplesBank in merger; no immediate change for customers - Worcester Telegram](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOZ1BjR3ZvRkVWdjUwNXBGZUhzMzd1b3loMFcxOUo3YjNrQnprWTRxTlFQWFBMNTdqLUxRXzd1UEg5VFQtQzV2TTE1Y1JocFlIOWdqdzR5Z0FVV1VyMFM3MkFEV05HSHJuUEp6ZkRZTUlJU01VbjdpV3AwWnVuM2l5QmdKT2V4LUN2SkFjVWdYRnpMaUE2TFZrejFrMFVpdHgxdXU5R19FcFItOVlTQ2p5cXYyV3BkemtqbHdrVktXNV9IMUJUaVl0UWpjQ1JWdVM1?oc=5) · Worcester Telegram
- 2025-08-01 [Cornerstone, Athol Savings to Merge; Combined Bank Will Have $2.4B in Assets - Connect CRE](https://news.google.com/rss/articles/CBMirgFBVV95cUxOalFDLUpFNGl5SDFtMlBZWnRQcnhUQ3FKTWVFX2M3QkZoSjJrT29zd2YwS0oxUXN0ZFZ3NUJpQ0NSVWlLRGh4VVhTc2dlbVlOQWFnQThWMGRkUVdjQ2xwSUdOQ0pvQ2VGdF9Vd08yXy1pOHczdXFuUEVaVHZ5Sl9JX3FWZkMzSnBjYUlPMEJpOF9PbU1Xb0VpOGd5RnFhT1hSZTBJQkUySklhRnREU2c?oc=5) · Connect CRE
- 2025-08-01 [New merger of Mass. banks to create entity with $2.4B in assets - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQSG5xeEwwQXIzMmVXMjdsUy1zdng4NWlLblRubzRrNzBPUm9nazN5V0RsSXZyTV9PU1lsYUhpRnBhcER0ZVBPQTlnQ1lzamR1LWhDUGFkcHZDUThoT3psTXZ4MFdsOTBqREF2YmxSR2JrZ2ZzdTFJYVdEQWxubC0yMXZHU2VmRHNQZE5OLWNFZklSRzFXM3dac2JtYWFRcFE?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90282 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/42.json (key "90282", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide