Call reports 2023
CORNERSTONE BANK — 2023
What CORNERSTONE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,329,249,000 | 2,470,911,000 | 2,532,352,000 | 2,687,176,000 |
| Total loans | 1,693,965,000 | 1,822,070,000 | 1,898,190,000 | 2,000,831,000 |
| Allowance for loan losses | 18,673,000 | 19,293,000 | 20,300,000 | 21,492,000 |
| Securities available for sale | 287,376,000 | 284,482,000 | 278,810,000 | 293,435,000 |
| Securities held to maturity | 203,392,000 | 201,950,000 | 201,340,000 | 196,556,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,923,688,000 | 2,053,776,000 | 2,124,115,000 | 2,251,544,000 |
| Interest-bearing deposits | 1,523,794,000 | 1,669,810,000 | 1,762,336,000 | 1,876,109,000 |
| Noninterest-bearing deposits | 399,894,000 | 383,966,000 | 361,779,000 | 375,435,000 |
| Equity capital | 172,420,000 | 174,385,000 | 173,801,000 | 190,255,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 26,176,000 | 55,576,000 | 88,189,000 | 122,745,000 |
| Interest expense | 7,197,000 | 17,572,000 | 31,389,000 | 47,612,000 |
| Net interest income | 18,979,000 | 38,004,000 | 56,800,000 | 75,133,000 |
| Noninterest income | 4,386,000 | 9,473,000 | 13,975,000 | 18,810,000 |
| Noninterest expense | 15,243,000 | 30,034,000 | 44,871,000 | 60,201,000 |
| Provision for loan losses | 592,000 | 1,190,000 | 2,194,000 | 3,400,000 |
| Pretax income | 7,643,000 | 16,431,000 | 23,968,000 | 30,792,000 |
| Income tax | 203,000 | 415,000 | 633,000 | 865,000 |
| Net income | 7,440,000 | 16,016,000 | 23,335,000 | 29,927,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 209,317,000 | 214,729,000 | 220,389,000 | 222,749,000 |
| Total capital | — | 234,022,000 | 240,689,000 | 244,241,000 |
| Risk-weighted assets | — | 1,984,956,000 | 2,060,790,000 | 2,175,934,000 |