Call reports 2023
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2023
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 957,359,000 | 971,257,000 | 959,248,000 | 958,275,000 |
| Total loans | 625,524,000 | 629,994,000 | 633,530,000 | 649,216,000 |
| Allowance for loan losses | 8,131,000 | 8,131,000 | 8,131,000 | 8,131,000 |
| Securities available for sale | 126,707,000 | 114,711,000 | 100,170,000 | 100,399,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 853,366,000 | 865,460,000 | 853,393,000 | 857,625,000 |
| Interest-bearing deposits | 507,539,000 | 526,941,000 | 524,841,000 | 542,411,000 |
| Noninterest-bearing deposits | 345,827,000 | 338,519,000 | 328,552,000 | 315,214,000 |
| Equity capital | 82,821,000 | 84,292,000 | 86,718,000 | 90,713,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 11,361,000 | 23,348,000 | 35,963,000 | 49,026,000 |
| Interest expense | 2,405,000 | 5,542,000 | 9,298,000 | 13,569,000 |
| Net interest income | 8,956,000 | 17,806,000 | 26,665,000 | 35,457,000 |
| Noninterest income | 1,273,000 | 2,537,000 | 3,786,000 | 5,011,000 |
| Noninterest expense | 5,766,000 | 11,715,000 | 17,589,000 | 23,732,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 4,484,000 | 8,608,000 | 12,764,000 | 16,712,000 |
| Income tax | 1,265,000 | 2,425,000 | 3,627,000 | 4,836,000 |
| Net income | 3,219,000 | 6,183,000 | 9,137,000 | 11,876,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 88,760,000 | 90,975,000 | 93,928,000 | 95,921,000 |
| Total capital | 97,002,000 | 99,246,000 | 102,212,000 | 104,217,000 |
| Risk-weighted assets | 754,635,000 | 752,720,000 | 763,981,000 | 763,960,000 |