Call reports 2022
CORNERSTONE BANK — 2022
What CORNERSTONE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,093,883,000 | 2,116,949,000 | 2,230,045,000 | 2,373,745,000 |
| Total loans | 1,428,018,000 | 1,487,426,000 | 1,588,761,000 | 1,683,739,000 |
| Allowance for loan losses | 16,999,000 | 17,508,000 | 17,780,000 | 18,083,000 |
| Securities available for sale | 248,486,000 | 285,988,000 | 273,940,000 | 275,593,000 |
| Securities held to maturity | 208,306,000 | 206,469,000 | 207,323,000 | 204,115,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,905,560,000 | 1,865,267,000 | 1,891,424,000 | 1,975,260,000 |
| Interest-bearing deposits | 1,463,838,000 | 1,470,043,000 | 1,452,782,000 | 1,499,063,000 |
| Noninterest-bearing deposits | 441,722,000 | 395,224,000 | 438,642,000 | 476,197,000 |
| Equity capital | 182,602,000 | 174,359,000 | 161,804,000 | 168,115,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 16,976,000 | 36,000,000 | 58,352,000 | 83,742,000 |
| Interest expense | 1,315,000 | 2,720,000 | 5,190,000 | 10,163,000 |
| Net interest income | 15,661,000 | 33,280,000 | 53,162,000 | 73,579,000 |
| Noninterest income | 4,301,000 | 8,686,000 | 13,193,000 | 17,804,000 |
| Noninterest expense | 13,660,000 | 27,386,000 | 42,256,000 | 57,785,000 |
| Provision for loan losses | 296,000 | 595,000 | 898,000 | 1,200,000 |
| Pretax income | 5,935,000 | 13,811,000 | 23,034,000 | 32,322,000 |
| Income tax | 221,000 | 441,000 | 662,000 | 806,000 |
| Net income | 5,714,000 | 13,370,000 | 22,372,000 | 31,516,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 191,074,000 | 195,411,000 | 199,749,000 | 206,249,000 |