Call reports 2024
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2024
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 982,190,000 | 985,451,000 | 1,004,100,000 | 974,987,000 |
| Total loans | 634,773,000 | 642,793,000 | 652,710,000 | 651,291,000 |
| Allowance for loan losses | 8,281,000 | 8,431,000 | 8,431,000 | 8,731,000 |
| Securities available for sale | 122,589,000 | 177,611,000 | 218,539,000 | 215,347,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 883,609,000 | 886,157,000 | 898,743,000 | 871,523,000 |
| Interest-bearing deposits | 588,135,000 | 592,341,000 | 604,847,000 | 591,890,000 |
| Noninterest-bearing deposits | 295,474,000 | 293,816,000 | 293,896,000 | 279,633,000 |
| Equity capital | 90,214,000 | 91,619,000 | 95,973,000 | 98,374,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 13,199,000 | 26,296,000 | 40,047,000 | 53,471,000 |
| Interest expense | 4,654,000 | 9,492,000 | 14,623,000 | 19,353,000 |
| Net interest income | 8,545,000 | 16,804,000 | 25,424,000 | 34,118,000 |
| Noninterest income | 1,297,000 | 2,534,000 | 3,967,000 | 5,283,000 |
| Noninterest expense | 6,292,000 | 12,584,000 | 18,796,000 | 24,896,000 |
| Provision for loan losses | 150,000 | 300,000 | 300,000 | 300,000 |
| Pretax income | 3,376,000 | 6,426,000 | 10,329,000 | 14,150,000 |
| Income tax | 967,000 | 1,755,000 | 2,776,000 | 3,399,000 |
| Net income | 2,409,000 | 4,671,000 | 7,553,000 | 10,751,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,493,000 | 96,698,000 | 99,368,000 | 102,356,000 |
| Total capital | 103,939,000 | 105,294,000 | 107,964,000 | 111,277,000 |
| Risk-weighted assets | 750,431,000 | 770,318,000 | 767,728,000 | 762,258,000 |