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 | 220,203,000 | 227,354,000 | 216,339,000 | 220,599,000 |
| Total loans | 96,396,000 | 108,094,000 | 109,976,000 | 108,933,000 |
| Allowance for loan losses | 906,000 | 902,000 | 954,000 | 1,053,000 |
| Securities available for sale | 98,915,000 | 97,849,000 | 86,471,000 | 81,447,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,079,000 | 203,149,000 | 190,590,000 | 195,137,000 |
| Interest-bearing deposits | 157,271,000 | 150,995,000 | 144,414,000 | 147,661,000 |
| Noninterest-bearing deposits | 42,809,000 | 52,154,000 | 46,176,000 | 47,476,000 |
| Equity capital | 17,647,000 | 20,977,000 | 22,107,000 | 22,375,000 |
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 | 1,975,000 | 3,934,000 | 6,174,000 | 8,028,000 |
| Interest expense | 266,000 | 425,000 | 572,000 | 711,000 |
| Net interest income | 1,709,000 | 3,509,000 | 5,602,000 | 7,317,000 |
| Noninterest income | 304,000 | 535,000 | 798,000 | 1,066,000 |
| Noninterest expense | 1,518,000 | 2,997,000 | 4,559,000 | 8,613,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 562,000 | 1,274,000 | 2,647,000 | 659,000 |
| Income tax | 86,000 | 208,000 | 504,000 | -271,000 |
| Net income | 476,000 | 1,066,000 | 2,143,000 | 930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,576,000 | 19,135,000 | 20,213,000 | 18,898,000 |
| Total capital | 19,482,000 | 20,037,000 | 21,167,000 | 19,951,000 |
| Risk-weighted assets | 121,582,000 | 132,139,000 | 131,357,000 | 125,319,000 |