Call reports 2017
CORNERSTONE BANK, INC. — 2017
What CORNERSTONE BANK, INC. reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 163,743,000 | 158,141,000 | 168,548,000 | 164,169,000 |
| Total loans | 33,219,000 | 37,349,000 | 36,952,000 | 36,469,000 |
| Allowance for loan losses | 286,000 | 282,000 | 315,000 | 315,000 |
| Securities available for sale | 100,123,000 | 100,717,000 | 93,980,000 | 98,824,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,596,000 | 138,808,000 | 149,091,000 | 144,915,000 |
| Interest-bearing deposits | 85,348,000 | 85,794,000 | 84,150,000 | 81,880,000 |
| Noninterest-bearing deposits | 60,248,000 | 53,014,000 | 64,941,000 | 63,035,000 |
| Equity capital | 16,471,000 | 17,680,000 | 17,768,000 | 17,077,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,073,000 | 2,132,000 | 3,206,000 | 4,308,000 |
| Interest expense | 82,000 | 166,000 | 252,000 | 335,000 |
| Net interest income | 991,000 | 1,966,000 | 2,954,000 | 3,973,000 |
| Noninterest income | 104,000 | 214,000 | 318,000 | 427,000 |
| Noninterest expense | 745,000 | 1,453,000 | 2,209,000 | 3,016,000 |
| Provision for loan losses | 0 | 0 | 38,000 | 38,000 |
| Pretax income | 350,000 | 742,000 | 1,049,000 | 1,370,000 |
| Income tax | 58,000 | 123,000 | 163,000 | 381,000 |
| Net income | 292,000 | 619,000 | 886,000 | 989,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,270,000 | 17,601,000 | 17,865,000 | 17,471,000 |
| Total capital | 17,556,000 | 17,883,000 | 18,180,000 | 17,786,000 |
| Risk-weighted assets | 58,654,000 | 59,557,000 | 58,056,000 | 58,792,000 |