Call reports 2014
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2014
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 436,288,000 | 443,261,000 | 457,031,000 | 469,845,000 |
| Total loans | 305,437,000 | 312,942,000 | 314,127,000 | 314,963,000 |
| Allowance for loan losses | 7,570,000 | 7,659,000 | 7,564,000 | 7,040,000 |
| Securities available for sale | 111,240,000 | 110,477,000 | 110,841,000 | 108,009,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 380,916,000 | 382,020,000 | 396,321,000 | 405,806,000 |
| Interest-bearing deposits | 291,479,000 | 293,657,000 | 299,928,000 | 304,449,000 |
| Noninterest-bearing deposits | 89,436,000 | 88,363,000 | 96,392,000 | 101,356,000 |
| Equity capital | 47,960,000 | 49,746,000 | 51,045,000 | 52,332,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,948,000 | 8,083,000 | 12,189,000 | 16,483,000 |
| Interest expense | 311,000 | 614,000 | 916,000 | 1,219,000 |
| Net interest income | 3,637,000 | 7,469,000 | 11,273,000 | 15,264,000 |
| Noninterest income | 1,143,000 | 2,977,000 | 4,371,000 | 5,285,000 |
| Noninterest expense | 3,194,000 | 6,370,000 | 9,347,000 | 12,354,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 1,511,000 | 3,926,000 | 6,072,000 | 7,895,000 |
| Income tax | 610,000 | 1,583,000 | 2,427,000 | 3,251,000 |
| Net income | 901,000 | 2,343,000 | 3,645,000 | 4,644,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,319,000 | 49,762,000 | 51,063,000 | 52,062,000 |
| Total capital | 52,846,000 | 54,331,000 | 55,635,000 | 56,579,000 |
| Risk-weighted assets | 359,091,000 | 362,401,000 | 362,740,000 | 358,884,000 |