Call reports 2022
CORNERSTONE BANK — 2022
What CORNERSTONE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 318,070,000 | 302,598,000 | 305,599,000 | 295,793,000 |
| Total loans | 182,521,000 | 208,187,000 | 227,118,000 | 252,141,000 |
| Allowance for loan losses | 1,393,000 | 1,476,000 | 1,629,000 | 1,702,000 |
| Securities available for sale | 18,762,000 | 17,665,000 | 16,548,000 | 16,490,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 285,567,000 | 270,856,000 | 274,536,000 | 264,435,000 |
| Interest-bearing deposits | 213,348,000 | 200,533,000 | 200,095,000 | 193,207,000 |
| Noninterest-bearing deposits | 72,219,000 | 70,323,000 | 74,441,000 | 71,227,000 |
| Equity capital | 28,960,000 | 28,333,000 | 27,804,000 | 28,154,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,939,000 | 4,156,000 | 6,843,000 | 9,896,000 |
| Interest expense | 79,000 | 151,000 | 223,000 | 399,000 |
| Net interest income | 1,860,000 | 4,005,000 | 6,620,000 | 9,497,000 |
| Noninterest income | 178,000 | 362,000 | 512,000 | 667,000 |
| Noninterest expense | 2,503,000 | 4,978,000 | 7,530,000 | 10,215,000 |
| Provision for loan losses | 0 | 80,000 | 230,000 | 300,000 |
| Pretax income | -465,000 | -691,000 | -628,000 | -351,000 |
| Income tax | -143,000 | -220,000 | -216,000 | -152,000 |
| Net income | -322,000 | -471,000 | -412,000 | -199,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,511,000 | 24,098,000 | 23,930,000 | 24,259,000 |
| Total capital | 25,933,000 | 25,602,000 | 25,587,000 | 25,989,000 |
| Risk-weighted assets | 176,373,000 | 196,657,000 | 209,284,000 | 233,174,000 |