Call reports 2024
CORNERSTONE BANK — 2024
What CORNERSTONE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,651,243,000 | 2,766,999,000 | 2,794,484,000 | 2,827,903,000 |
| Total loans | 2,021,005,000 | 2,128,673,000 | 2,132,465,000 | 2,155,441,000 |
| Allowance for loan losses | 22,222,000 | 22,999,000 | 23,695,000 | 23,445,000 |
| Securities available for sale | 291,629,000 | 292,519,000 | 293,887,000 | 288,057,000 |
| Securities held to maturity | 195,527,000 | 192,019,000 | 193,403,000 | 186,523,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,275,628,000 | 2,308,049,000 | 2,404,305,000 | 2,417,134,000 |
| Interest-bearing deposits | 1,933,150,000 | 1,989,522,000 | 2,077,288,000 | 2,062,599,000 |
| Noninterest-bearing deposits | 342,478,000 | 318,527,000 | 327,017,000 | 354,535,000 |
| Equity capital | 192,502,000 | 197,616,000 | 212,430,000 | 208,288,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 35,633,000 | 73,241,000 | 112,500,000 | 150,981,000 |
| Interest expense | 17,010,000 | 35,925,000 | 56,396,000 | 75,875,000 |
| Net interest income | 18,623,000 | 37,316,000 | 56,104,000 | 75,106,000 |
| Noninterest income | 4,696,000 | 9,561,000 | 14,245,000 | 19,531,000 |
| Noninterest expense | 15,303,000 | 30,409,000 | 46,478,000 | 62,918,000 |
| Provision for loan losses | 796,000 | 1,591,000 | 2,396,000 | 3,200,000 |
| Pretax income | 7,255,000 | 14,688,000 | 21,351,000 | 28,421,000 |
| Income tax | 210,000 | 422,000 | 643,000 | 892,000 |
| Net income | 7,045,000 | 14,266,000 | 20,708,000 | 27,529,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 226,937,000 | 231,743,000 | 235,775,000 | 236,711,000 |
| Total capital | 249,159,000 | 254,742,000 | 259,470,000 | 260,156,000 |
| Risk-weighted assets | 2,185,057,000 | 2,301,717,000 | 2,302,286,000 | 2,330,751,000 |