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 |
|---|---|---|
| Total assets | 325,811,000 | 322,721,000 |
| Total loans | 277,339,000 | 277,294,000 |
| Allowance for loan losses | 2,969,000 | 2,972,000 |
| Securities available for sale | 13,889,000 | 13,623,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 294,329,000 | 290,699,000 |
| Interest-bearing deposits | 221,083,000 | 216,364,000 |
| Noninterest-bearing deposits | 73,246,000 | 74,335,000 |
| Equity capital | 27,383,000 | 27,537,000 |
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 |
|---|---|---|
| Interest income | 3,824,000 | 7,911,000 |
| Interest expense | 1,312,000 | 2,636,000 |
| Net interest income | 2,512,000 | 5,275,000 |
| Noninterest income | 181,000 | 427,000 |
| Noninterest expense | 2,876,000 | 5,707,000 |
| Provision for loan losses | 0 | 0 |
| Pretax income | -117,000 | -5,000 |
| Income tax | 0 | -31,000 |
| Net income | -117,000 | 26,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 |
|---|---|---|
| Tier 1 capital | 23,339,000 | 23,519,000 |
| Total capital | 26,336,000 | 26,519,000 |
| Risk-weighted assets | 259,859,000 | 259,212,000 |