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 | 209,099,000 | 208,313,000 | 211,931,000 | 214,192,000 |
| Total loans | 163,836,000 | 165,879,000 | 166,628,000 | 164,721,000 |
| Allowance for loan losses | 1,280,000 | 1,292,000 | 1,304,000 | 1,319,000 |
| Securities available for sale | 1,977,000 | 1,926,000 | 1,879,000 | 1,904,000 |
| Securities held to maturity | 21,320,000 | 21,316,000 | 21,311,000 | 19,307,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 175,304,000 | 174,535,000 | 177,677,000 | 179,555,000 |
| Interest-bearing deposits | 127,836,000 | 128,192,000 | 132,318,000 | 130,248,000 |
| Noninterest-bearing deposits | 47,468,000 | 46,343,000 | 45,359,000 | 49,307,000 |
| Equity capital | 20,293,000 | 20,635,000 | 21,016,000 | 21,462,000 |
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 | 2,399,000 | 4,799,000 | 7,311,000 | 9,927,000 |
| Interest expense | 576,000 | 1,249,000 | 2,047,000 | 2,958,000 |
| Net interest income | 1,823,000 | 3,550,000 | 5,264,000 | 6,969,000 |
| Noninterest income | 184,000 | 405,000 | 618,000 | 1,653,000 |
| Noninterest expense | 1,502,000 | 3,019,000 | 4,470,000 | 6,066,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 505,000 | 936,000 | 1,412,000 | 2,570,000 |
| Income tax | 100,000 | 184,000 | 278,000 | 338,000 |
| Net income | 405,000 | 752,000 | 1,134,000 | 2,232,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,363,000 | 20,710,000 | 21,092,000 | 21,533,000 |