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 | 213,204,000 | 222,249,000 | 224,491,000 | 223,187,000 |
| Total loans | 166,228,000 | 170,052,000 | 170,204,000 | 172,454,000 |
| Allowance for loan losses | 1,336,000 | 1,325,000 | 1,460,000 | 1,454,000 |
| Securities available for sale | 1,931,000 | 1,954,000 | 5,843,000 | 5,752,000 |
| Securities held to maturity | 19,302,000 | 18,298,000 | 18,293,000 | 18,289,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 178,118,000 | 186,881,000 | 188,560,000 | 187,601,000 |
| Interest-bearing deposits | 128,963,000 | 130,068,000 | 138,582,000 | 137,488,000 |
| Noninterest-bearing deposits | 49,155,000 | 56,813,000 | 49,978,000 | 50,113,000 |
| Equity capital | 21,818,000 | 22,250,000 | 22,733,000 | 22,331,000 |
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 | 2,661,000 | 5,440,000 | 8,388,000 | 11,346,000 |
| Interest expense | 941,000 | 1,892,000 | 2,958,000 | 4,038,000 |
| Net interest income | 1,720,000 | 3,548,000 | 5,430,000 | 7,308,000 |
| Noninterest income | 196,000 | 413,000 | 657,000 | 925,000 |
| Noninterest expense | 1,496,000 | 2,999,000 | 4,527,000 | 6,068,000 |
| Provision for loan losses | 7,000 | 7,000 | 120,000 | 120,000 |
| Pretax income | 413,000 | 955,000 | 1,444,000 | 2,049,000 |
| Income tax | 80,000 | 188,000 | 284,000 | 439,000 |
| Net income | 333,000 | 767,000 | 1,160,000 | 1,610,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,866,000 | 22,301,000 | 22,693,000 | 22,377,000 |