Call reports 2023
CORNERSTONE BANK — 2023
What CORNERSTONE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,314,911,000 | 1,381,957,000 | 1,491,977,000 | 1,498,217,000 |
| Total loans | 968,401,000 | 1,032,662,000 | 1,047,975,000 | 1,081,187,000 |
| Allowance for loan losses | 14,840,000 | 15,549,000 | 16,557,000 | 13,465,000 |
| Securities available for sale | 250,514,000 | 242,564,000 | 237,744,000 | 270,283,000 |
| Securities held to maturity | 638,000 | 1,563,000 | 2,282,000 | 3,023,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,166,339,000 | 1,234,453,000 | 1,357,573,000 | 1,355,982,000 |
| Interest-bearing deposits | 904,571,000 | 978,526,000 | 1,102,865,000 | 1,117,988,000 |
| Noninterest-bearing deposits | 261,768,000 | 255,927,000 | 254,708,000 | 237,994,000 |
| Equity capital | 79,540,000 | 76,733,000 | 74,849,000 | 86,141,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 13,772,000 | 28,974,000 | 45,628,000 | 65,310,000 |
| Interest expense | 1,938,000 | 5,571,000 | 10,802,000 | 18,504,000 |
| Net interest income | 11,834,000 | 23,403,000 | 34,826,000 | 46,806,000 |
| Noninterest income | 998,000 | 1,941,000 | 3,053,000 | 4,213,000 |
| Noninterest expense | 7,928,000 | 16,276,000 | 24,420,000 | 32,844,000 |
| Provision for loan losses | 470,000 | 1,048,000 | 1,337,000 | 1,854,000 |
| Pretax income | 4,304,000 | 7,886,000 | 11,569,000 | 15,685,000 |
| Income tax | 87,000 | 87,000 | 87,000 | 87,000 |
| Net income | 4,217,000 | 7,799,000 | 11,482,000 | 15,598,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 110,042,000 | 109,903,000 | 112,197,000 | 116,923,000 |
| Total capital | 123,716,000 | 124,583,000 | 127,289,000 | 130,976,000 |
| Risk-weighted assets | 1,092,580,000 | 1,173,306,000 | 1,205,378,000 | 1,245,878,000 |