Call reports 2024
CORNERSTONE BANK — 2024
What CORNERSTONE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,532,807,000 | 1,564,735,000 | 1,617,804,000 | 1,743,084,000 |
| Total loans | 1,103,152,000 | 1,148,742,000 | 1,187,371,000 | 1,214,632,000 |
| Allowance for loan losses | 14,195,000 | 14,432,000 | 15,219,000 | 15,726,000 |
| Securities available for sale | 270,978,000 | 273,563,000 | 272,944,000 | 284,056,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,381,541,000 | 1,379,692,000 | 1,453,653,000 | 1,577,708,000 |
| Interest-bearing deposits | 1,149,601,000 | 1,157,931,000 | 1,209,023,000 | 1,343,944,000 |
| Noninterest-bearing deposits | 231,940,000 | 221,761,000 | 244,630,000 | 233,764,000 |
| Equity capital | 94,146,000 | 97,250,000 | 106,940,000 | 107,056,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 19,070,000 | 39,214,000 | 60,686,000 | 83,934,000 |
| Interest expense | 7,494,000 | 15,222,000 | 23,473,000 | 32,537,000 |
| Net interest income | 11,576,000 | 23,992,000 | 37,213,000 | 51,397,000 |
| Noninterest income | 1,225,000 | 2,648,000 | 4,024,000 | 5,698,000 |
| Noninterest expense | 8,870,000 | 17,471,000 | 26,481,000 | 35,244,000 |
| Provision for loan losses | 818,000 | 1,150,000 | 1,939,000 | 2,657,000 |
| Pretax income | 3,331,000 | 7,969,000 | 12,955,000 | 19,450,000 |
| Income tax | -7,619,000 | -5,730,000 | -3,815,000 | -1,532,000 |
| Net income | 10,950,000 | 13,699,000 | 16,770,000 | 20,982,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 127,939,000 | 129,309,000 | 132,430,000 | 139,796,000 |
| Total capital | 142,505,000 | 144,379,000 | 148,099,000 | 155,854,000 |
| Risk-weighted assets | 1,283,531,000 | 1,348,995,000 | 1,372,389,000 | 1,398,177,000 |