Cornerstone Advisors, through more than a decade working with financial institutions, has developed a comprehensive database of benchmarking statistics for mid-size banks ($1 billion - $30 billion in assets). With data collected from nearly 100 banks in this target range, we developed the Cornerstone Scorecard, a document that provides a bank with comparison spending, staffing, and performance statistics in 12 key areas:
- Retail Banking
- Mortgage Lending
- Credit Administration
- Loan Operations
- Information Services
- Administration
- Consumer/Small Business Lending
- Commercial Lending
- Cash Management
- Deposit Operations/Item Processing
- Wealth Management
- Training
The Cornerstone Scorecard enables your bank to measure its numbers against industry peer bank benchmarks, highlighting where it ranks in three categories: a "high performer," "at peer bank level" or "below peer bank level." In addition, the Scorecard gauges the bank's performance in key fee income and non-interest expense categories.
The Cornerstone Scorecard is an essential tool for your senior management team, identifying the dollar value benefit of achieving peer median performance in all underperforming areas.
Contact Cornerstone Advisors to learn how we can work with you to have your bank operating at or above peer level.