Call reports 2021
CORNERSTONE BANK — 2021
What CORNERSTONE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,113,792,000 | 1,146,650,000 | 1,160,269,000 | 1,310,231,000 |
| Total loans | 818,719,000 | 785,547,000 | 767,936,000 | 759,928,000 |
| Allowance for loan losses | 13,046,000 | 13,103,000 | 13,136,000 | 13,160,000 |
| Securities available for sale | 176,734,000 | 187,396,000 | 188,586,000 | 224,455,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,012,589,000 | 1,045,365,000 | 1,057,540,000 | 1,208,053,000 |
| Interest-bearing deposits | 771,990,000 | 802,444,000 | 816,740,000 | 866,757,000 |
| Noninterest-bearing deposits | 240,599,000 | 242,921,000 | 240,800,000 | 341,296,000 |
| Equity capital | 91,994,000 | 92,027,000 | 93,100,000 | 93,374,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 10,608,000 | 19,903,000 | 28,852,000 | 38,129,000 |
| Interest expense | 833,000 | 1,599,000 | 2,329,000 | 3,017,000 |
| Net interest income | 9,775,000 | 18,304,000 | 26,523,000 | 35,112,000 |
| Noninterest income | -1,597,000 | -1,009,000 | -714,000 | 2,781,000 |
| Noninterest expense | 4,277,000 | 10,381,000 | 16,801,000 | 25,020,000 |
| Provision for loan losses | 1,583,000 | 1,882,000 | 1,846,000 | 2,145,000 |
| Pretax income | 2,318,000 | 5,041,000 | 7,171,000 | 10,737,000 |
| Income tax | 53,000 | 53,000 | 53,000 | 53,000 |
| Net income | 2,265,000 | 4,988,000 | 7,118,000 | 10,684,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 89,808,000 | 89,271,000 | 90,263,000 | 92,628,000 |
| Total capital | 100,186,000 | 99,742,000 | 101,284,000 | 103,507,000 |
| Risk-weighted assets | 827,588,000 | 835,072,000 | 879,591,000 | 868,004,000 |