TellerScore

Cornerstone Bank is a state-chartered bank (fed member) headquartered in Spencer, Massachusetts, in business for about 155 years. At the end of Q2 2026 it reported $2.6B in total assets and $1.9B in deposits, with 17 offices.

Cornerstone Bank has a TellerScore of 60 out of 100 (moderate) based on Q2 2026 data — higher than only 21% of its 897 banks with $1 billion – $10 billion. Among 92 banks headquartered in Massachusetts, it ranks 60th. Problem-loan coverage contributes the most (94/100, 2.8%); capital cushion contributes the least (42/100, 9.22%).

TellerScore · Q2 2026

Scorecard

Capital cushion42/100
Tier 1 leverage ratio: 9.22%
Loan quality88/100
Noncurrent loans ÷ total loans: 0.35%
Earnings45/100
Return on assets (annualized): 0.63%
Funding & liquidity47/100
Loans ÷ deposits and uninsured-deposit share: 99.4% · 27.4% uninsured
Problem-loan coverage94/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 2.84%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 3 points (57 → 60), mostly because the earnings component improved by 12 points.

TellerScore
535862Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202455
Q3 202453
Q4 202457
Q1 202560
Q2 202557
Q3 202556
Q4 202559
Q1 202662
Q2 202660
Tier 1 leverage ratio
5.00%7.52%10.05%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.53%
Q3 20248.43%
Q4 202410.05%
Q1 20259.75%
Q2 20259.63%
Q3 20259.49%
Q4 20259.58%
Q1 20269.23%
Q2 20269.22%
Noncurrent loans
0.17%0.33%0.50%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.17%
Q3 20240.26%
Q4 20240.18%
Q1 20250.26%
Q2 20250.50%
Q3 20250.49%
Q4 20250.40%
Q1 20260.36%
Q2 20260.35%
Return on assets
-0.18%0.30%0.77%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.16%
Q3 20240.02%
Q4 2024-0.18%
Q1 20250.38%
Q2 20250.34%
Q3 20250.27%
Q4 20250.48%
Q1 20260.77%
Q2 20260.63%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202660$2.6B9.22%0.35%0.63%99.4%
Q1 202662$2.4B9.23%0.36%0.77%95.2%
Q4 202559$1.8B9.58%0.40%0.48%102.1%
Q3 202556$1.8B9.49%0.49%0.27%104.1%
Q2 202557$1.7B9.63%0.50%0.34%104.2%
Q1 202560$1.7B9.75%0.26%0.38%99.9%
Q4 202457$1.7B10.05%0.18%-0.18%101.2%
Q3 202453$1.6B8.43%0.26%0.02%102.6%
Q2 202455$1.6B8.53%0.17%0.16%102.7%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio9.22%
17th
Total risk-based capital12.31%
35th
Problem loans0.35%
64th
Net charge-offs0.04%
48th
Return on assets0.63%
12th
Net interest margin3.46%
35th
Efficiency ratio81.0%
6th
Loans to deposits99.4%
16th
Uninsured deposits27.4%
61st
Loan-loss reserves0.45%
4th
Texas ratio2.8%
59th

Similar-size banks in Massachusetts

InstitutionScoreAssetsCapitalProblem loansCompare
Dedham Institution for SavingsBank Dedham, MA59 out of 100, Moderate$2.6B11.4%1.15%vs
South Shore BankBank South Weymouth, MA65 out of 100, Moderate$2.5B10.1%0.24%vs
Westfield BankBank Westfield, MA62 out of 100, Moderate$2.7B9.4%0.35%vs
Avidia BankBank Hudson, MA67 out of 100, Moderate$2.8B12.4%0.75%vs
BayCoast BankBank Swansea, MA46 out of 100, Below average$2.9B8.3%1.45%vs
Country Bank for SavingsBank Ware, MA71 out of 100, Strong$2.2B14.8%1.14%vs

Deposit insurance

Is my money safe at Cornerstone Bank?

Yes. Cornerstone Bank is an FDIC-insured institution (FDIC certificate #90282). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 27.4% of deposits ($530.5M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.22%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.31% (benchmark: 10%).

Check how much of your own balance is covered

17 locations

Branches

Cornerstone Bank lists 17 offices in 15 cities. Most locations:

  • Worcester, MA (3)
  • Ashburnham, MA (1)
  • Athol, MA (1)
  • Barre, MA (1)
  • Charlton, MA (1)
  • Gardner, MA (1)
  • Holden, MA (1)
  • Leicester, MA (1)
  • Rutland, MA (1)
  • Shrewsbury, MA (1)
  • Southbridge, MA (1)
  • Spencer, MA (1)

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Cornerstone Bank reported 971 home-loan applications under HMDA (LEI 5493005DJAOTPGS83Z81): 679 originated ($180,315,000 total), 149 denied, and 122 withdrawn or closed by the applicant. Its denial rate on decided applications was 17.6%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Cornerstone Bank
Former names
Spencer Savings Bank
Type
State-chartered bank (Fed member)
FDIC certificate #
90282
RSSD ID
447100
Primary regulator
FED
Holding company
Peoplesbancorp Mhc
Established
April 5, 1871
Headquarters
176 Main St, Spencer, MA 01562
Employees
242

Quick answers

Cornerstone Bank: common questions

Is Cornerstone Bank FDIC insured?

Yes. Cornerstone Bank is an FDIC-insured institution (FDIC certificate #90282). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Cornerstone Bank's TellerScore?

60 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Cornerstone Bank ever failed?

There is no failure record for FDIC certificate #90282 in the FDIC failed bank list.

How many branches does Cornerstone Bank have?

17 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Spencer

InstitutionScoreAssetsCapitalProblem loansCompare
Stafford Savings BankBank Stafford Springs, CT95 out of 100, Very strong$507.0M50.6%0.56%vs
Webster First Federal Credit UnionCredit union Worcester, MA87 out of 100, Very strong$1.5B19.7%0.41%vs
Allcom Credit UnionCredit union Worcester, MA85 out of 100, Very strong$81.8M16.6%0.07%vs
Leominster Employees Federal Credit UnionCredit union Leominster, MA80 out of 100, Strong$30.0M11.2%0.01%vs
Middlesex Savings BankBank Natick, MA79 out of 100, Strong$6.1B13.4%0.33%vs
Worcester Fire Dept. Credit UnionCredit union Worcester, MA78 out of 100, Strong$47.1M13.2%0.91%vs