Call reports 2014
CORNERSTONE BANK — 2014
What CORNERSTONE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 374,259,000 | 384,609,000 | 414,512,000 | 442,238,000 |
| Total loans | 116,949,000 | 128,333,000 | 149,156,000 | 156,337,000 |
| Allowance for loan losses | 1,341,000 | 1,402,000 | 1,375,000 | 1,495,000 |
| Securities available for sale | 118,477,000 | 121,712,000 | 124,575,000 | 124,724,000 |
| Securities held to maturity | 7,799,000 | 7,786,000 | 7,055,000 | 6,574,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 351,400,000 | 360,576,000 | 388,925,000 | 415,868,000 |
| Interest-bearing deposits | 247,344,000 | 250,539,000 | 269,466,000 | 293,004,000 |
| Noninterest-bearing deposits | 104,056,000 | 110,037,000 | 119,459,000 | 122,864,000 |
| Equity capital | 22,267,000 | 23,386,000 | 24,823,000 | 25,527,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,106,000 | 4,567,000 | 7,270,000 | 10,058,000 |
| Interest expense | 131,000 | 261,000 | 398,000 | 539,000 |
| Net interest income | 1,975,000 | 4,306,000 | 6,872,000 | 9,519,000 |
| Noninterest income | 204,000 | 408,000 | 668,000 | 924,000 |
| Noninterest expense | 983,000 | 1,953,000 | 2,979,000 | 4,340,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 295,000 |
| Pretax income | 1,136,000 | 2,641,000 | 4,381,000 | 5,808,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,136,000 | 2,641,000 | 4,381,000 | 5,808,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,217,000 | 22,583,000 | 23,981,000 | 24,486,000 |
| Total capital | 23,558,000 | 23,985,000 | 25,356,000 | 25,981,000 |
| Risk-weighted assets | 158,324,000 | 168,016,000 | 194,711,000 | 197,848,000 |