Call reports 2016
CORNERSTONE BANK — 2016
What CORNERSTONE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 773,196,000 | 790,150,000 | 791,564,000 | 820,967,000 |
| Total loans | 528,897,000 | 561,550,000 | 574,916,000 | 595,755,000 |
| Allowance for loan losses | 6,612,000 | 7,904,000 | 9,758,000 | 8,815,000 |
| Securities available for sale | 174,295,000 | 166,044,000 | 158,330,000 | 148,614,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 689,594,000 | 657,846,000 | 650,552,000 | 689,897,000 |
| Interest-bearing deposits | 508,283,000 | 484,909,000 | 480,056,000 | 496,099,000 |
| Noninterest-bearing deposits | 181,311,000 | 172,937,000 | 170,496,000 | 193,798,000 |
| Equity capital | 74,377,000 | 72,658,000 | 73,205,000 | 67,256,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 7,428,000 | 14,840,000 | 22,438,000 | 29,978,000 |
| Interest expense | 390,000 | 786,000 | 1,235,000 | 1,718,000 |
| Net interest income | 7,038,000 | 14,054,000 | 21,203,000 | 28,260,000 |
| Noninterest income | 1,225,000 | 2,823,000 | 5,349,000 | 7,317,000 |
| Noninterest expense | 6,466,000 | 12,939,000 | 19,430,000 | 25,553,000 |
| Provision for loan losses | 1,319,000 | 2,603,000 | 4,435,000 | 7,679,000 |
| Pretax income | 506,000 | 1,363,000 | 2,741,000 | 2,399,000 |
| Income tax | 20,000 | 55,000 | 83,000 | 157,000 |
| Net income | 486,000 | 1,308,000 | 2,658,000 | 2,242,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,365,000 | 68,265,000 | 69,221,000 | 66,067,000 |
| Total capital | 76,985,000 | 76,177,000 | 77,559,000 | 74,598,000 |
| Risk-weighted assets | 619,008,000 | 645,204,000 | 665,439,000 | 682,119,000 |