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 | 1,688,476,000 | 1,762,113,000 | 1,851,080,000 | 1,866,437,000 |
| Total loans | 1,305,703,000 | 1,369,154,000 | 1,421,879,000 | 1,404,793,000 |
| Allowance for loan losses | 14,730,000 | 15,065,000 | 15,372,000 | 15,402,000 |
| Securities available for sale | 103,106,000 | 97,574,000 | 115,083,000 | 116,747,000 |
| Securities held to maturity | 129,952,000 | 137,757,000 | 141,299,000 | 139,553,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,499,100,000 | 1,570,039,000 | 1,579,025,000 | 1,669,252,000 |
| Interest-bearing deposits | 1,266,479,000 | 1,295,230,000 | 1,302,078,000 | 1,332,676,000 |
| Noninterest-bearing deposits | 232,621,000 | 274,809,000 | 276,947,000 | 336,576,000 |
| Equity capital | 182,775,000 | 185,781,000 | 188,036,000 | 189,804,000 |
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 | 18,664,000 | 37,630,000 | 56,338,000 | 73,793,000 |
| Interest expense | 4,258,000 | 8,193,000 | 11,680,000 | 14,789,000 |
| Net interest income | 14,406,000 | 29,437,000 | 44,658,000 | 59,004,000 |
| Noninterest income | 3,937,000 | 7,867,000 | 12,034,000 | 16,210,000 |
| Noninterest expense | 12,539,000 | 24,881,000 | 37,820,000 | 50,815,000 |
| Provision for loan losses | 298,000 | 597,000 | 898,000 | 1,200,000 |
| Pretax income | 5,357,000 | 11,728,000 | 17,878,000 | 23,154,000 |
| Income tax | 176,000 | 357,000 | 541,000 | 734,000 |
| Net income | 5,181,000 | 11,371,000 | 17,337,000 | 22,420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 171,343,000 | 175,007,000 | 178,453,000 | 181,016,000 |