Call reports 2017
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2017
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 530,582,000 | 534,224,000 | 539,682,000 | 534,838,000 |
| Total loans | 343,576,000 | 346,326,000 | 347,512,000 | 376,775,000 |
| Allowance for loan losses | 7,698,000 | 7,746,000 | 7,455,000 | 6,456,000 |
| Securities available for sale | 136,567,000 | 140,169,000 | 137,450,000 | 132,401,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 466,283,000 | 469,780,000 | 471,018,000 | 472,017,000 |
| Interest-bearing deposits | 347,006,000 | 338,785,000 | 339,167,000 | 335,306,000 |
| Noninterest-bearing deposits | 119,277,000 | 130,995,000 | 131,851,000 | 136,711,000 |
| Equity capital | 58,838,000 | 60,443,000 | 61,781,000 | 54,870,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 4,413,000 | 9,013,000 | 13,806,000 | 18,745,000 |
| Interest expense | 291,000 | 592,000 | 963,000 | 1,340,000 |
| Net interest income | 4,122,000 | 8,421,000 | 12,843,000 | 17,405,000 |
| Noninterest income | 1,051,000 | 2,154,000 | 3,239,000 | 4,257,000 |
| Noninterest expense | 3,550,000 | 7,016,000 | 10,545,000 | 14,293,000 |
| Provision for loan losses | 0 | 0 | -500,000 | -800,000 |
| Pretax income | 1,623,000 | 3,559,000 | 6,037,000 | 8,169,000 |
| Income tax | 569,000 | 1,257,000 | 2,194,000 | 3,621,000 |
| Net income | 1,054,000 | 2,302,000 | 3,843,000 | 4,548,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,893,000 | 60,141,000 | 61,483,000 | 55,338,000 |
| Total capital | 64,028,000 | 65,340,000 | 66,769,000 | 60,949,000 |
| Risk-weighted assets | 408,260,000 | 413,362,000 | 420,713,000 | 448,025,000 |