Call reports 2014
CORNERSTONE BANK — 2014
What CORNERSTONE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,244,953,000 | 1,334,740,000 | 1,326,645,000 | 1,394,500,000 |
| Total loans | 798,537,000 | 839,780,000 | 855,700,000 | 901,339,000 |
| Allowance for loan losses | 9,734,000 | 10,037,000 | 10,279,000 | 10,520,000 |
| Securities available for sale | 166,433,000 | 190,495,000 | 188,113,000 | 181,205,000 |
| Securities held to maturity | 152,933,000 | 162,275,000 | 155,125,000 | 151,116,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,123,207,000 | 1,098,976,000 | 1,114,850,000 | 1,180,086,000 |
| Interest-bearing deposits | 889,505,000 | 892,213,000 | 912,380,000 | 935,531,000 |
| Noninterest-bearing deposits | 233,702,000 | 206,763,000 | 202,470,000 | 244,555,000 |
| Equity capital | 99,922,000 | 105,693,000 | 108,220,000 | 114,249,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 11,927,000 | 24,615,000 | 37,478,000 | 50,263,000 |
| Interest expense | 1,080,000 | 2,209,000 | 3,350,000 | 4,494,000 |
| Net interest income | 10,847,000 | 22,406,000 | 34,128,000 | 45,769,000 |
| Noninterest income | 3,270,000 | 7,136,000 | 10,681,000 | 14,600,000 |
| Noninterest expense | 8,707,000 | 18,349,000 | 27,792,000 | 37,317,000 |
| Provision for loan losses | 247,000 | 496,000 | 748,000 | 1,000,000 |
| Pretax income | 5,163,000 | 10,737,000 | 16,309,000 | 22,092,000 |
| Income tax | 133,000 | 264,000 | 395,000 | 533,000 |
| Net income | 5,030,000 | 10,473,000 | 15,914,000 | 21,559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,219,000 | 102,405,000 | 105,022,000 | 108,533,000 |
| Total capital | 111,953,000 | 112,442,000 | 115,302,000 | 119,053,000 |
| Risk-weighted assets | 889,245,000 | 941,017,000 | 952,026,000 | 1,006,742,000 |