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 | 278,119,000 | 287,351,000 | 299,980,000 | 325,590,000 |
| Total loans | 191,126,000 | 183,979,000 | 177,556,000 | 184,993,000 |
| Allowance for loan losses | 1,391,000 | 1,372,000 | 1,384,000 | 1,389,000 |
| Securities available for sale | 16,041,000 | 14,494,000 | 13,500,000 | 12,478,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 250,495,000 | 259,749,000 | 266,183,000 | 292,138,000 |
| Interest-bearing deposits | 193,237,000 | 193,809,000 | 189,915,000 | 216,438,000 |
| Noninterest-bearing deposits | 57,258,000 | 65,940,000 | 76,268,000 | 75,700,000 |
| Equity capital | 22,510,000 | 22,587,000 | 29,985,000 | 29,956,000 |
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 | 2,045,000 | 4,043,000 | 6,101,000 | 8,073,000 |
| Interest expense | 190,000 | 332,000 | 457,000 | 549,000 |
| Net interest income | 1,855,000 | 3,711,000 | 5,644,000 | 7,524,000 |
| Noninterest income | 384,000 | 659,000 | 995,000 | 1,403,000 |
| Noninterest expense | 2,158,000 | 4,445,000 | 6,649,000 | 8,867,000 |
| Provision for loan losses | 0 | -130,000 | -130,000 | -130,000 |
| Pretax income | 81,000 | 55,000 | 120,000 | 190,000 |
| Income tax | -6,000 | -44,000 | -53,000 | -47,000 |
| Net income | 87,000 | 99,000 | 173,000 | 237,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,791,000 | 17,790,000 | 25,209,000 | 25,241,000 |
| Total capital | 20,011,000 | 19,991,000 | 26,621,000 | 26,659,000 |
| Risk-weighted assets | 172,973,000 | 170,759,000 | 170,503,000 | 175,511,000 |