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 | 256,446,000 | 279,099,000 | 276,275,000 | 272,799,000 |
| Total loans | 187,892,000 | 192,526,000 | 199,508,000 | 191,726,000 |
| Allowance for loan losses | 1,399,000 | 1,406,000 | 1,373,000 | 1,382,000 |
| Securities available for sale | 27,571,000 | 22,178,000 | 20,580,000 | 18,280,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 228,810,000 | 251,199,000 | 248,112,000 | 245,004,000 |
| Interest-bearing deposits | 184,385,000 | 194,074,000 | 190,210,000 | 191,111,000 |
| Noninterest-bearing deposits | 44,425,000 | 57,125,000 | 57,902,000 | 53,893,000 |
| Equity capital | 22,316,000 | 22,503,000 | 22,654,000 | 22,880,000 |
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 | 2,165,000 | 4,334,000 | 6,499,000 | 8,814,000 |
| Interest expense | 489,000 | 920,000 | 1,267,000 | 1,522,000 |
| Net interest income | 1,676,000 | 3,414,000 | 5,232,000 | 7,292,000 |
| Noninterest income | 232,000 | 595,000 | 1,089,000 | 1,488,000 |
| Noninterest expense | 2,006,000 | 4,121,000 | 6,303,000 | 8,461,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 109,000 | 106,000 | 236,000 | 537,000 |
| Income tax | 56,000 | 31,000 | 39,000 | 93,000 |
| Net income | 53,000 | 75,000 | 197,000 | 444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,397,000 | 17,458,000 | 17,597,000 | 17,890,000 |
| Total capital | 19,824,000 | 19,893,000 | 19,999,000 | 20,100,000 |
| Risk-weighted assets | 184,092,000 | 174,307,000 | 180,097,000 | 177,548,000 |