Call reports 2020
CORNERSTONE BANK — 2020
What CORNERSTONE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 239,580,000 | 273,947,000 | 278,467,000 | 281,843,000 |
| Total loans | 202,460,000 | 229,684,000 | 231,282,000 | 234,203,000 |
| Allowance for loan losses | 2,812,000 | 3,022,000 | 3,087,000 | 3,092,000 |
| Securities available for sale | 17,210,000 | 16,482,000 | 15,133,000 | 14,863,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,328,000 | 209,336,000 | 218,355,000 | 217,127,000 |
| Interest-bearing deposits | 145,832,000 | 143,920,000 | 157,752,000 | 153,099,000 |
| Noninterest-bearing deposits | 42,496,000 | 65,416,000 | 60,603,000 | 64,028,000 |
| Equity capital | 22,976,000 | 23,765,000 | 24,310,000 | 25,072,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,796,000 | 5,891,000 | 8,826,000 | 11,879,000 |
| Interest expense | 703,000 | 1,262,000 | 1,737,000 | 2,114,000 |
| Net interest income | 2,093,000 | 4,629,000 | 7,089,000 | 9,765,000 |
| Noninterest income | 47,000 | -1,000 | 73,000 | 175,000 |
| Noninterest expense | 1,070,000 | 2,217,000 | 3,364,000 | 4,560,000 |
| Provision for loan losses | 530,000 | 978,000 | 978,000 | 978,000 |
| Pretax income | 540,000 | 1,433,000 | 2,849,000 | 4,431,000 |
| Income tax | 17,000 | 61,000 | 121,000 | 188,000 |
| Net income | 523,000 | 1,372,000 | 2,728,000 | 4,243,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,580,000 | 23,072,000 | 23,651,000 | 24,455,000 |