Call reports 2021
CORNERSTONE BANK — 2021
What CORNERSTONE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 43,673,000 | 43,715,000 | 43,502,000 | 45,256,000 |
| Total loans | 24,536,000 | 24,802,000 | 25,262,000 | 25,328,000 |
| Allowance for loan losses | 202,000 | 199,000 | 236,000 | 245,000 |
| Securities available for sale | 5,892,000 | 6,180,000 | 6,325,000 | 7,202,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,090,000 | 37,056,000 | 36,941,000 | 38,644,000 |
| Interest-bearing deposits | 32,719,000 | 32,133,000 | 32,119,000 | 33,102,000 |
| Noninterest-bearing deposits | 4,371,000 | 4,923,000 | 4,822,000 | 5,542,000 |
| Equity capital | 5,707,000 | 5,747,000 | 5,769,000 | 5,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 418,000 | 812,000 | 1,175,000 | 1,555,000 |
| Interest expense | 60,000 | 113,000 | 158,000 | 195,000 |
| Net interest income | 358,000 | 699,000 | 1,017,000 | 1,360,000 |
| Noninterest income | 32,000 | 67,000 | 106,000 | 146,000 |
| Noninterest expense | 310,000 | 631,000 | 919,000 | 1,218,000 |
| Provision for loan losses | 5,000 | 5,000 | 43,000 | 52,000 |
| Pretax income | 75,000 | 130,000 | 161,000 | 236,000 |
| Income tax | 11,000 | 19,000 | 25,000 | 36,000 |
| Net income | 64,000 | 111,000 | 136,000 | 200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,689,000 | 5,747,000 | 5,763,000 | 5,836,000 |
| Total capital | 5,891,000 | 5,946,000 | 5,999,000 | 6,081,000 |
| Risk-weighted assets | 21,415,000 | 21,769,000 | 22,284,000 | 23,048,000 |