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 | 164,936,000 | 187,148,000 | 189,657,000 | 181,796,000 |
| Total loans | 135,950,000 | 147,095,000 | 145,798,000 | 137,725,000 |
| Allowance for loan losses | 1,562,000 | 1,706,000 | 1,709,000 | 1,832,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 9,242,000 | 11,239,000 | 12,891,000 | 14,392,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,449,000 | 169,678,000 | 171,823,000 | 164,668,000 |
| Interest-bearing deposits | 122,534,000 | 135,149,000 | 134,032,000 | 128,206,000 |
| Noninterest-bearing deposits | 24,915,000 | 34,529,000 | 37,791,000 | 36,462,000 |
| Equity capital | 17,117,000 | 17,232,000 | 17,519,000 | 16,788,000 |
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 | 1,883,000 | 3,798,000 | 5,761,000 | 7,778,000 |
| Interest expense | 452,000 | 890,000 | 1,300,000 | 1,679,000 |
| Net interest income | 1,431,000 | 2,908,000 | 4,461,000 | 6,099,000 |
| Noninterest income | 213,000 | 426,000 | 693,000 | 957,000 |
| Noninterest expense | 1,398,000 | 2,799,000 | 4,263,000 | 5,799,000 |
| Provision for loan losses | 350,000 | 500,000 | 500,000 | 1,800,000 |
| Pretax income | -104,000 | 35,000 | 391,000 | -543,000 |
| Income tax | -27,000 | -3,000 | 66,000 | -137,000 |
| Net income | -77,000 | 38,000 | 325,000 | -406,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,117,000 | 17,232,000 | 17,519,000 | 16,788,000 |