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 | 204,771,000 | 225,135,000 | 222,232,000 | 210,906,000 |
| Total loans | 133,301,000 | 164,477,000 | 158,371,000 | 149,530,000 |
| Allowance for loan losses | 2,828,000 | 2,573,000 | 2,590,000 | 2,519,000 |
| Securities available for sale | 35,725,000 | 36,231,000 | 32,990,000 | 32,543,000 |
| Securities held to maturity | 3,717,000 | 3,615,000 | 3,510,000 | 3,445,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,987,000 | 192,073,000 | 184,707,000 | 178,751,000 |
| Interest-bearing deposits | 130,916,000 | 140,965,000 | 139,298,000 | 134,534,000 |
| Noninterest-bearing deposits | 36,071,000 | 51,108,000 | 45,409,000 | 44,217,000 |
| Equity capital | 20,168,000 | 19,478,000 | 19,051,000 | 18,190,000 |
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 | 1,953,000 | 4,076,000 | 6,235,000 | 8,388,000 |
| Interest expense | 498,000 | 993,000 | 1,471,000 | 1,930,000 |
| Net interest income | 1,455,000 | 3,083,000 | 4,764,000 | 6,458,000 |
| Noninterest income | 292,000 | 449,000 | 489,000 | 743,000 |
| Noninterest expense | 2,154,000 | 4,670,000 | 6,742,000 | 9,282,000 |
| Provision for loan losses | 126,000 | 369,000 | 370,000 | 370,000 |
| Pretax income | -533,000 | -1,507,000 | -1,859,000 | -2,451,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -533,000 | -1,507,000 | -1,859,000 | -2,451,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,757,000 | 18,784,000 | 18,433,000 | 17,838,000 |
| Total capital | 21,577,000 | 20,643,000 | 20,189,000 | 19,602,000 |
| Risk-weighted assets | 128,355,000 | 131,749,000 | 123,403,000 | 124,138,000 |