Call reports 2016
CORNERSTONE BANK — 2016
What CORNERSTONE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 162,052,000 | 168,612,000 | 169,787,000 | 175,031,000 |
| Total loans | 68,504,000 | 68,115,000 | 66,028,000 | 71,155,000 |
| Allowance for loan losses | 826,000 | 825,000 | 845,000 | 910,000 |
| Securities available for sale | 67,504,000 | 74,852,000 | 82,080,000 | 78,144,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,029,000 | 153,568,000 | 154,849,000 | 161,742,000 |
| Interest-bearing deposits | 115,710,000 | 118,536,000 | 116,041,000 | 124,039,000 |
| Noninterest-bearing deposits | 32,319,000 | 35,032,000 | 38,808,000 | 37,703,000 |
| Equity capital | 12,008,000 | 12,677,000 | 12,634,000 | 11,666,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,332,000 | 2,703,000 | 4,092,000 | 5,508,000 |
| Interest expense | 117,000 | 231,000 | 345,000 | 451,000 |
| Net interest income | 1,215,000 | 2,472,000 | 3,747,000 | 5,057,000 |
| Noninterest income | 257,000 | 508,000 | 784,000 | 1,050,000 |
| Noninterest expense | 1,236,000 | 2,512,000 | 3,776,000 | 5,038,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 236,000 | 468,000 | 805,000 | 1,019,000 |
| Income tax | 12,000 | 21,000 | 59,000 | 22,000 |
| Net income | 224,000 | 447,000 | 746,000 | 997,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,316,000 | 13,522,000 | 13,794,000 | 13,914,000 |
| Total capital | 14,142,000 | 14,347,000 | 14,639,000 | 14,824,000 |
| Risk-weighted assets | 88,487,000 | 89,970,000 | 89,363,000 | 93,608,000 |