Applications / Mortgage Analytics / Lenders / Massachusetts / Cornerstone Bank
Spencer, MA · State member bank · FRS · $1.8 billion assets · 679 loans in 2025
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679
loans originated, 2025
998
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Cornerstone Bank is a central Massachusetts bank, ranked 17 of 451 lenders around Worcester, whose originations rose 55% in 2025, faster than nearly all similar lenders.
Originations rose 55% to 679, against 7% at similar lenders (state member banks making between half and twice as many loans) and 10% for the whole market. Its dollar volume rose to $180.3 million from $111.5 million. It made 901 loans in 2020.
In Worcester its share held at 1.3%. It gained 0.6 points to 0.6% in Norwich-New London-Willimantic, ranking 38 of 312, and 0.2 points to 0.4% in Springfield.
Home purchases made up 33.6% of its loans, home improvement 32.7% and refinances 23.7%, all of it conventional. Jumbo loans (larger than the conforming limit) were 5.9%, against 1.7% at peers, higher than about nine in ten, though its typical loan, $195,000, matched theirs.
LMI (low- and moderate-income) borrowers took 19.2% of its loans, against 27.3% at similar lenders, lower than about nine in ten, and down from 23.9% in 2024. Its share in LMI areas, 12.4%, was also below peers' 16.4%. The make-up of the markets it serves, and of the borrowers who apply, are possible reasons.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Cornerstone Bank took 998 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 33.6% · Home improvement 32.7% · Refinance 23.7% · Other 10.0%
Conventional 100.0% · of 679 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 640 | 94.3% |
| Connecticut | 22 | 3.2% |
| Rhode Island | 8 | 1.2% |
| Florida | 3 | 0.4% |
| Maine | 3 | 0.4% |
| New Hampshire | 2 | 0.3% |
| South Carolina | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 474 |
| Cambridge-Newton-Framingham | 68 |
| Boston | 54 |
| Springfield | 28 |
| Providence-Warwick | 20 |
| Barnstable Town | 12 |
| Amherst Town-Northampton | 6 |
| Hartford-West Hartford-East Hartford | 4 |
| Norwich-New London-Willimantic | 2 |
| Portland-South Portland | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005DJAOTPGS83Z81 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 447100 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390282 | 1992–2016 |
| Respondent ID (the HMDA filer code before 2018) | 2447100 | 2017–2017 |
Established 5 April 1871. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Cornerstone Bank's data.
Cornerstone Bank's data
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Cornerstone Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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