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 | 425,723,000 | 438,019,000 | 436,149,000 | 450,534,000 |
| Total loans | 370,134,000 | 379,468,000 | 383,495,000 | 399,838,000 |
| Allowance for loan losses | 4,174,000 | 4,530,000 | 4,723,000 | 4,510,000 |
| Securities available for sale | 13,987,000 | 14,204,000 | 14,189,000 | 12,757,000 |
| Securities held to maturity | 6,550,000 | 7,043,000 | 7,037,000 | 8,030,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,485,000 | 280,383,000 | 350,492,000 | 329,678,000 |
| Interest-bearing deposits | 237,439,000 | 222,520,000 | 289,575,000 | 273,689,000 |
| Noninterest-bearing deposits | 61,046,000 | 57,863,000 | 60,917,000 | 55,989,000 |
| Equity capital | 37,446,000 | 37,815,000 | 38,864,000 | 39,152,000 |
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 | 5,566,000 | 11,367,000 | 17,447,000 | 23,699,000 |
| Interest expense | 3,547,000 | 7,246,000 | 11,052,000 | 14,653,000 |
| Net interest income | 2,019,000 | 4,121,000 | 6,395,000 | 9,046,000 |
| Noninterest income | 80,000 | 132,000 | 188,000 | 252,000 |
| Noninterest expense | 1,585,000 | 3,240,000 | 5,002,000 | 6,468,000 |
| Provision for loan losses | -202,000 | -375,000 | -526,000 | -743,000 |
| Pretax income | 706,000 | 1,434,000 | 2,154,000 | 3,619,000 |
| Income tax | 32,000 | 64,000 | 84,000 | 156,000 |
| Net income | 674,000 | 1,370,000 | 2,070,000 | 3,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,444,000 | 38,775,000 | 39,509,000 | 39,957,000 |