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 | 402,621,000 | 411,806,000 | 412,280,000 | 425,855,000 |
| Total loans | 347,891,000 | 357,549,000 | 358,410,000 | 367,914,000 |
| Allowance for loan losses | 4,509,000 | 4,773,000 | 4,364,000 | 4,368,000 |
| Securities available for sale | 18,319,000 | 16,184,000 | 13,496,000 | 14,012,000 |
| Securities held to maturity | 6,506,000 | 6,499,000 | 6,066,000 | 6,057,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 278,196,000 | 280,639,000 | 275,286,000 | 317,927,000 |
| Interest-bearing deposits | 213,119,000 | 214,292,000 | 203,020,000 | 253,250,000 |
| Noninterest-bearing deposits | 65,077,000 | 66,347,000 | 72,266,000 | 64,677,000 |
| Equity capital | 35,837,000 | 35,247,000 | 35,713,000 | 36,755,000 |
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 | 4,777,000 | 9,858,000 | 15,077,000 | 20,522,000 |
| Interest expense | 2,089,000 | 4,814,000 | 7,826,000 | 11,053,000 |
| Net interest income | 2,688,000 | 5,044,000 | 7,251,000 | 9,469,000 |
| Noninterest income | 56,000 | -5,000 | 36,000 | 76,000 |
| Noninterest expense | 1,612,000 | 3,233,000 | 4,888,000 | 6,423,000 |
| Provision for loan losses | 150,000 | 300,000 | -52,000 | -202,000 |
| Pretax income | 926,000 | 1,445,000 | 2,131,000 | 2,988,000 |
| Income tax | 27,000 | 49,000 | 79,000 | 115,000 |
| Net income | 899,000 | 1,396,000 | 2,052,000 | 2,873,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,816,000 | 36,435,000 | 36,999,000 | 37,744,000 |