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 | 282,841,000 | 315,274,000 | 332,086,000 | 354,762,000 |
| Total loans | 250,577,000 | 277,299,000 | 284,795,000 | 301,015,000 |
| Allowance for loan losses | 3,243,000 | 3,218,000 | 4,388,000 | 4,258,000 |
| Securities available for sale | 13,141,000 | 11,575,000 | 12,673,000 | 12,099,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 244,427,000 | 254,251,000 | 266,188,000 | 282,371,000 |
| Interest-bearing deposits | 181,128,000 | 190,369,000 | 198,842,000 | 217,028,000 |
| Noninterest-bearing deposits | 63,299,000 | 63,882,000 | 67,346,000 | 65,343,000 |
| Equity capital | 25,445,000 | 25,899,000 | 25,904,000 | 32,179,000 |
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 | 3,314,000 | 6,656,000 | 10,129,000 | 13,654,000 |
| Interest expense | 273,000 | 466,000 | 653,000 | 844,000 |
| Net interest income | 3,041,000 | 6,190,000 | 9,476,000 | 12,810,000 |
| Noninterest income | 55,000 | 112,000 | 171,000 | 224,000 |
| Noninterest expense | 1,209,000 | 2,436,000 | 3,641,000 | 4,927,000 |
| Provision for loan losses | 470,000 | 1,220,000 | 2,370,000 | 3,170,000 |
| Pretax income | 1,417,000 | 2,708,000 | 3,698,000 | 4,999,000 |
| Income tax | 66,000 | 121,000 | 163,000 | 218,000 |
| Net income | 1,351,000 | 2,587,000 | 3,535,000 | 4,781,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,096,000 | 25,621,000 | 25,679,000 | 32,107,000 |