Call reports 2022
CORNERSTONE BANK — 2022
What CORNERSTONE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,272,994,000 | 1,244,817,000 | 1,327,208,000 | 1,304,394,000 |
| Total loans | 799,121,000 | 824,529,000 | 858,150,000 | 918,536,000 |
| Allowance for loan losses | 13,392,000 | 13,791,000 | 14,154,000 | 14,366,000 |
| Securities available for sale | 237,664,000 | 256,995,000 | 252,060,000 | 254,205,000 |
| Securities held to maturity | 0 | 5,000 | 5,000 | 5,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,180,614,000 | 1,162,676,000 | 1,243,217,000 | 1,202,722,000 |
| Interest-bearing deposits | 873,182,000 | 870,320,000 | 878,450,000 | 897,315,000 |
| Noninterest-bearing deposits | 307,432,000 | 292,356,000 | 364,767,000 | 305,407,000 |
| Equity capital | 82,164,000 | 70,206,000 | 69,302,000 | 74,113,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 9,319,000 | 19,583,000 | 31,351,000 | 44,867,000 |
| Interest expense | 617,000 | 1,188,000 | 1,852,000 | 2,952,000 |
| Net interest income | 8,702,000 | 18,395,000 | 29,499,000 | 41,915,000 |
| Noninterest income | 928,000 | 2,051,000 | 3,303,000 | 4,407,000 |
| Noninterest expense | 6,663,000 | 12,978,000 | 20,008,000 | 27,407,000 |
| Provision for loan losses | 300,000 | 600,000 | 900,000 | 1,200,000 |
| Pretax income | 2,667,000 | 6,868,000 | 11,894,000 | 17,715,000 |
| Income tax | 53,000 | 53,000 | 53,000 | 53,000 |
| Net income | 2,614,000 | 6,815,000 | 11,841,000 | 17,662,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 93,985,000 | 97,235,000 | 101,430,000 | 105,755,000 |
| Total capital | 105,284,000 | 109,072,000 | 113,642,000 | 118,687,000 |
| Risk-weighted assets | 901,844,000 | 945,018,000 | 975,044,000 | 1,033,111,000 |