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 | 304,138,000 | 314,252,000 | 321,175,000 | 319,519,000 |
| Total loans | 264,297,000 | 274,049,000 | 275,649,000 | 277,797,000 |
| Allowance for loan losses | 2,955,000 | 3,007,000 | 2,965,000 | 2,964,000 |
| Securities available for sale | 16,599,000 | 16,226,000 | 15,601,000 | 15,215,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 273,607,000 | 272,499,000 | 289,645,000 | 275,088,000 |
| Interest-bearing deposits | 206,457,000 | 204,306,000 | 217,375,000 | 202,721,000 |
| Noninterest-bearing deposits | 67,150,000 | 68,193,000 | 72,270,000 | 72,366,000 |
| Equity capital | 27,480,000 | 27,288,000 | 27,049,000 | 27,629,000 |
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 | 3,210,000 | 6,760,000 | 10,543,000 | 14,362,000 |
| Interest expense | 550,000 | 1,524,000 | 2,608,000 | 3,716,000 |
| Net interest income | 2,660,000 | 5,236,000 | 7,935,000 | 10,646,000 |
| Noninterest income | 159,000 | 333,000 | 515,000 | 671,000 |
| Noninterest expense | 2,773,000 | 5,602,000 | 8,461,000 | 11,352,000 |
| Provision for loan losses | -54,000 | -4,000 | -49,000 | -53,000 |
| Pretax income | 100,000 | -29,000 | 38,000 | 18,000 |
| Income tax | 14,000 | -36,000 | -31,000 | -52,000 |
| Net income | 86,000 | 7,000 | 69,000 | 70,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,827,000 | 23,653,000 | 23,601,000 | 23,807,000 |
| Total capital | 26,811,000 | 26,689,000 | 26,595,000 | 26,800,000 |
| Risk-weighted assets | 243,392,000 | 253,528,000 | 257,199,000 | 260,719,000 |