Call reports 2018
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2018
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 540,255,000 | 555,692,000 | 562,334,000 | 568,354,000 |
| Total loans | 392,485,000 | 414,999,000 | 412,641,000 | 421,802,000 |
| Allowance for loan losses | 6,472,000 | 6,625,000 | 6,989,000 | 6,990,000 |
| Securities available for sale | 119,340,000 | 111,998,000 | 103,262,000 | 99,447,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 479,068,000 | 491,631,000 | 502,668,000 | 508,282,000 |
| Interest-bearing deposits | 346,525,000 | 341,007,000 | 338,309,000 | 360,095,000 |
| Noninterest-bearing deposits | 132,543,000 | 150,624,000 | 164,359,000 | 148,187,000 |
| Equity capital | 56,282,000 | 58,195,000 | 52,020,000 | 53,971,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 5,151,000 | 10,784,000 | 16,941,000 | 22,869,000 |
| Interest expense | 407,000 | 901,000 | 1,635,000 | 2,435,000 |
| Net interest income | 4,744,000 | 9,883,000 | 15,306,000 | 20,434,000 |
| Noninterest income | 1,135,000 | 2,285,000 | 3,308,000 | 4,366,000 |
| Noninterest expense | 3,714,000 | 7,801,000 | 11,550,000 | 15,575,000 |
| Provision for loan losses | 0 | -400,000 | -400,000 | -400,000 |
| Pretax income | 2,165,000 | 4,767,000 | 7,464,000 | 9,625,000 |
| Income tax | 584,000 | 1,308,000 | 2,050,000 | 2,616,000 |
| Net income | 1,581,000 | 3,459,000 | 5,414,000 | 7,009,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,919,000 | 58,798,000 | 52,753,000 | 54,348,000 |
| Total capital | 62,796,000 | 64,794,000 | 58,813,000 | 60,599,000 |
| Risk-weighted assets | 469,581,000 | 479,068,000 | 483,873,000 | 499,338,000 |