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 | 51,250,000 | 48,186,000 | 48,093,000 | 46,390,000 |
| Total loans | 29,039,000 | 28,648,000 | 28,954,000 | 29,226,000 |
| Allowance for loan losses | 223,000 | 265,000 | 480,000 | 475,000 |
| Securities available for sale | 8,985,000 | 8,605,000 | 8,091,000 | 7,475,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,670,000 | 39,472,000 | 39,623,000 | 37,807,000 |
| Interest-bearing deposits | 34,257,000 | 34,616,000 | 34,870,000 | 32,879,000 |
| Noninterest-bearing deposits | 6,413,000 | 4,856,000 | 4,753,000 | 4,928,000 |
| Equity capital | 5,905,000 | 5,847,000 | 5,689,000 | 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 | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 582,000 | 1,091,000 | 1,698,000 | 2,303,000 |
| Interest expense | 304,000 | 589,000 | 878,000 | 1,144,000 |
| Net interest income | 278,000 | 502,000 | 820,000 | 1,159,000 |
| Noninterest income | 39,000 | 47,000 | 91,000 | 402,000 |
| Noninterest expense | 336,000 | 643,000 | 941,000 | 1,306,000 |
| Provision for loan losses | 28,000 | 79,000 | 535,000 | 544,000 |
| Pretax income | -47,000 | -173,000 | -565,000 | -289,000 |
| Income tax | -14,000 | -45,000 | -132,000 | -104,000 |
| Net income | -33,000 | -128,000 | -433,000 | -185,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,295,000 | 6,200,000 | 5,895,000 | 6,143,000 |
| Total capital | 6,521,000 | 6,467,000 | 6,194,000 | 6,443,000 |
| Risk-weighted assets | 25,949,000 | 24,961,000 | 23,733,000 | 23,836,000 |