Cornerstone Bank, Financial Information

AboutCornerstone Bank

 Address:
529 North Lincoln Avenue
York,NE
York County,Nebraska
 Established:
Apr 1882
 Number of domestic offices:
45
Agriculture bank
Total assets$1,866M
Net income$22M
Net income,quarterly$5M
Total deposits$1,669M
Domestic deposits$1,669M
Equity capital$190M
ROA1.26%
ROAQ,quarterly1.09%
ROA,pretax1.09%
ROAQ,quarterly,pretax1.14%
ROE12.1%
ROEQ,quarterly10.76%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Cornerstone Bank, formerly First National Bank of York, began with a thriving town in central Nebraska where people traveled in buckboards and farmers tilled the land with horse-drawn plows. In 1882, W.A. Sharrar joined forces with other local York businessmen to establish the First National Bank of York. During this era, York College, the York Daily News Times and the York Foundry were all established. Through the depression of the 1880’s, First National continued to grow under the watchful eye of Judge Post, a highly respected attorney.

First Trust Company merged with First National Bank, and when Jones retired in 1995, Holthus was elected Chairman of the Board and purchased Jones’ interest. Under the Holthus family’s leadership, the bank continued to expand and in November 1997, First National Bank of York became Cornerstone Bank.

Over the next decade, Holthus helped create a presence for Cornerstone Bank in more communities, spanning from Albion to Davenport, Rising City to Shelton. The bank currently has 33 banking locations in 24 communities and has 12 insurance offices. Current assets are $1.2 billion.

Albion office

Address:
240 South 3rd Street
P.O. Box 471
Albion, NE 68620
Phone: (402) 395-2151

Hours:
Lobby:
Monday - Friday: 8:00am - 4:00pm | Saturday: Closed

Drive-In:
Monday - Friday: 8:00am - 5:30pm | Saturday: 8:00am - 11:00am