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 | 1,424,405,000 | 1,410,128,000 | 1,471,696,000 | 1,490,790,000 |
| Total loans | 1,002,461,000 | 1,029,288,000 | 1,079,031,000 | 1,075,666,000 |
| Allowance for loan losses | 11,523,000 | 11,697,000 | 12,356,000 | 12,629,000 |
| Securities available for sale | 131,092,000 | 108,493,000 | 101,447,000 | 94,238,000 |
| Securities held to maturity | 151,293,000 | 152,471,000 | 148,969,000 | 139,471,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,191,520,000 | 1,171,685,000 | 1,232,758,000 | 1,262,739,000 |
| Interest-bearing deposits | 966,646,000 | 947,970,000 | 1,016,075,000 | 1,001,434,000 |
| Noninterest-bearing deposits | 224,874,000 | 223,715,000 | 216,683,000 | 261,305,000 |
| Equity capital | 128,186,000 | 131,126,000 | 133,271,000 | 127,977,000 |
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 | 13,624,000 | 27,566,000 | 41,695,000 | 55,686,000 |
| Interest expense | 1,301,000 | 2,660,000 | 4,107,000 | 5,613,000 |
| Net interest income | 12,323,000 | 24,906,000 | 37,588,000 | 50,073,000 |
| Noninterest income | 3,649,000 | 7,337,000 | 11,020,000 | 14,628,000 |
| Noninterest expense | 9,562,000 | 19,363,000 | 29,724,000 | 39,824,000 |
| Provision for loan losses | 298,000 | 597,000 | 898,000 | 10,000,000 |
| Pretax income | 6,112,000 | 12,283,000 | 17,986,000 | 14,877,000 |
| Income tax | 142,000 | 281,000 | 425,000 | 567,000 |
| Net income | 5,970,000 | 12,002,000 | 17,561,000 | 14,310,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,853,000 | 123,833,000 | 124,192,000 | 121,489,000 |
| Total capital | 132,376,000 | 135,530,000 | 136,548,000 | 134,118,000 |
| Risk-weighted assets | 1,088,413,000 | 1,115,049,000 | 1,170,531,000 | 1,168,800,000 |