Call reports 2020
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2020
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 684,455,000 | 862,198,000 | 903,675,000 | 889,123,000 |
| Total loans | 510,692,000 | 697,240,000 | 685,849,000 | 619,554,000 |
| Allowance for loan losses | 7,076,000 | 7,235,000 | 7,385,000 | 7,235,000 |
| Securities available for sale | 98,656,000 | 89,009,000 | 86,146,000 | 85,265,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 617,032,000 | 773,537,000 | 812,086,000 | 796,476,000 |
| Interest-bearing deposits | 430,842,000 | 444,202,000 | 474,154,000 | 490,085,000 |
| Noninterest-bearing deposits | 186,190,000 | 329,335,000 | 337,932,000 | 306,391,000 |
| Equity capital | 56,340,000 | 71,708,000 | 73,936,000 | 76,523,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,771,000 | 15,089,000 | 22,457,000 | 31,195,000 |
| Interest expense | 1,211,000 | 2,093,000 | 2,931,000 | 3,492,000 |
| Net interest income | 5,560,000 | 12,996,000 | 19,526,000 | 27,703,000 |
| Noninterest income | 1,421,000 | 4,513,000 | 7,313,000 | 10,210,000 |
| Noninterest expense | 5,088,000 | 11,023,000 | 17,269,000 | 24,129,000 |
| Provision for loan losses | 0 | 100,000 | 250,000 | 900,000 |
| Pretax income | 1,914,000 | 6,411,000 | 9,319,000 | 12,880,000 |
| Income tax | 529,000 | 1,794,000 | 2,605,000 | 3,639,000 |
| Net income | 1,385,000 | 4,617,000 | 6,714,000 | 9,241,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,734,000 | 70,121,000 | 72,374,000 | 75,057,000 |
| Total capital | 63,810,000 | 77,190,000 | 79,330,000 | 82,292,000 |
| Risk-weighted assets | 585,091,000 | 565,340,000 | 556,071,000 | 588,720,000 |