Call reports 2016
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2016
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 503,328,000 | 504,974,000 | 512,060,000 | 529,378,000 |
| Total loans | 308,695,000 | 311,978,000 | 334,479,000 | 329,541,000 |
| Allowance for loan losses | 7,533,000 | 7,555,000 | 7,555,000 | 7,599,000 |
| Securities available for sale | 129,506,000 | 140,190,000 | 139,772,000 | 136,205,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 436,464,000 | 440,555,000 | 448,968,000 | 465,818,000 |
| Interest-bearing deposits | 333,967,000 | 324,249,000 | 339,672,000 | 345,207,000 |
| Noninterest-bearing deposits | 102,496,000 | 116,306,000 | 109,295,000 | 120,610,000 |
| Equity capital | 56,456,000 | 56,975,000 | 57,592,000 | 57,460,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,128,000 | 8,255,000 | 12,498,000 | 16,862,000 |
| Interest expense | 302,000 | 593,000 | 891,000 | 1,191,000 |
| Net interest income | 3,826,000 | 7,662,000 | 11,607,000 | 15,671,000 |
| Noninterest income | 1,164,000 | 2,538,000 | 3,849,000 | 4,914,000 |
| Noninterest expense | 3,330,000 | 6,839,000 | 10,270,000 | 13,552,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,664,000 | 3,365,000 | 5,190,000 | 7,037,000 |
| Income tax | 604,000 | 1,212,000 | 1,866,000 | 2,526,000 |
| Net income | 1,060,000 | 2,153,000 | 3,324,000 | 4,511,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,763,000 | 55,731,000 | 56,651,000 | 57,839,000 |
| Total capital | 60,499,000 | 60,541,000 | 61,655,000 | 62,823,000 |
| Risk-weighted assets | 376,057,000 | 382,096,000 | 397,749,000 | 396,096,000 |