Call reports 2021
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2021
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 971,809,000 | 959,891,000 | 1,001,404,000 | 949,282,000 |
| Total loans | 679,953,000 | 638,094,000 | 598,917,000 | 596,089,000 |
| Allowance for loan losses | 7,285,000 | 7,285,000 | 7,285,000 | 8,085,000 |
| Securities available for sale | 81,559,000 | 90,176,000 | 100,835,000 | 108,022,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 871,238,000 | 852,518,000 | 890,451,000 | 850,627,000 |
| Interest-bearing deposits | 503,367,000 | 492,839,000 | 515,300,000 | 502,145,000 |
| Noninterest-bearing deposits | 367,871,000 | 359,679,000 | 375,151,000 | 348,482,000 |
| Equity capital | 78,949,000 | 81,278,000 | 83,616,000 | 84,332,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 8,125,000 | 16,053,000 | 24,120,000 | 32,068,000 |
| Interest expense | 488,000 | 913,000 | 1,328,000 | 1,640,000 |
| Net interest income | 7,637,000 | 15,140,000 | 22,792,000 | 30,428,000 |
| Noninterest income | 1,971,000 | 4,210,000 | 6,139,000 | 7,969,000 |
| Noninterest expense | 5,949,000 | 11,733,000 | 17,084,000 | 23,229,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 50,000 |
| Pretax income | 3,593,000 | 7,556,000 | 11,782,000 | 15,089,000 |
| Income tax | 1,008,000 | 2,137,000 | 3,325,000 | 4,321,000 |
| Net income | 2,585,000 | 5,419,000 | 8,457,000 | 10,768,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 77,798,000 | 80,288,000 | 82,731,000 | 84,198,000 |
| Total capital | 85,083,000 | 87,573,000 | 90,016,000 | 92,283,000 |
| Risk-weighted assets | 611,139,000 | 642,575,000 | 642,195,000 | 673,209,000 |