Call reports 2023
CORNERSTONE BANK, THE — 2023
What CORNERSTONE BANK, THE 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 | 176,765,000 | 173,705,000 | 180,211,000 | 179,557,000 |
| Total loans | 128,199,000 | 130,997,000 | 132,861,000 | 137,285,000 |
| Allowance for loan losses | 1,872,000 | 2,065,000 | 2,207,000 | 2,287,000 |
| Securities available for sale | 29,965,000 | 28,923,000 | 28,253,000 | 28,994,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 155,700,000 | 150,647,000 | 155,574,000 | 154,405,000 |
| Interest-bearing deposits | 115,810,000 | 111,413,000 | 114,758,000 | 118,074,000 |
| Noninterest-bearing deposits | 39,890,000 | 39,234,000 | 40,816,000 | 36,331,000 |
| Equity capital | 20,544,000 | 20,322,000 | 20,258,000 | 21,229,000 |
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 | 2,464,000 | 5,205,000 | 8,086,000 | 11,154,000 |
| Interest expense | 504,000 | 1,087,000 | 1,832,000 | 2,682,000 |
| Net interest income | 1,960,000 | 4,118,000 | 6,254,000 | 8,472,000 |
| Noninterest income | 322,000 | 629,000 | 950,000 | 1,318,000 |
| Noninterest expense | 1,665,000 | 3,617,000 | 5,317,000 | 7,275,000 |
| Provision for loan losses | 330,000 | 557,000 | 725,000 | 981,000 |
| Pretax income | 287,000 | 573,000 | 1,162,000 | 1,534,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 287,000 | 573,000 | 1,162,000 | 1,534,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,770,000 | 21,886,000 | 22,272,000 | 22,341,000 |
| Total capital | 23,206,000 | 23,346,000 | 23,760,000 | 23,870,000 |
| Risk-weighted assets | 114,462,000 | 116,178,000 | 118,297,000 | 121,546,000 |