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 | 49,985,000 | 46,790,000 | 48,401,000 | 50,665,000 |
| Total loans | 27,483,000 | 27,236,000 | 28,617,000 | 29,244,000 |
| Allowance for loan losses | 293,000 | 309,000 | 286,000 | 225,000 |
| Securities available for sale | 9,201,000 | 8,785,000 | 8,738,000 | 8,978,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,383,000 | 40,261,000 | 39,977,000 | 39,341,000 |
| Interest-bearing deposits | 34,595,000 | 35,237,000 | 35,178,000 | 33,877,000 |
| Noninterest-bearing deposits | 7,788,000 | 5,024,000 | 4,799,000 | 5,464,000 |
| Equity capital | 5,730,000 | 5,697,000 | 5,688,000 | 5,934,000 |
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 | 477,000 | 1,005,000 | 1,535,000 | 2,094,000 |
| Interest expense | 117,000 | 304,000 | 522,000 | 822,000 |
| Net interest income | 360,000 | 701,000 | 1,013,000 | 1,272,000 |
| Noninterest income | 34,000 | 70,000 | 109,000 | 153,000 |
| Noninterest expense | 330,000 | 641,000 | 968,000 | 1,275,000 |
| Provision for loan losses | 0 | 50,000 | 42,000 | -26,000 |
| Pretax income | 64,000 | 80,000 | 112,000 | 176,000 |
| Income tax | 9,000 | 8,000 | 10,000 | 19,000 |
| Net income | 55,000 | 72,000 | 102,000 | 157,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,226,000 | 6,243,000 | 6,273,000 | 6,328,000 |
| Total capital | 6,519,000 | 6,552,000 | 6,566,000 | 6,556,000 |
| Risk-weighted assets | 24,701,000 | 24,675,000 | 24,815,000 | 25,969,000 |