Call reports 2024
CORNERSTONE BANK, THE — 2024
What CORNERSTONE BANK, THE 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 | 186,253,000 | 193,015,000 | 190,448,000 | 189,415,000 |
| Total loans | 138,887,000 | 140,644,000 | 143,084,000 | 143,800,000 |
| Allowance for loan losses | 2,348,000 | 2,570,000 | 2,340,000 | 2,341,000 |
| Securities available for sale | 27,082,000 | 27,085,000 | 28,333,000 | 28,231,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,301,000 | 166,799,000 | 163,520,000 | 165,824,000 |
| Interest-bearing deposits | 121,658,000 | 125,853,000 | 126,450,000 | 128,188,000 |
| Noninterest-bearing deposits | 38,643,000 | 40,946,000 | 37,070,000 | 37,636,000 |
| Equity capital | 21,518,000 | 21,531,000 | 22,856,000 | 22,298,000 |
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 | 3,239,000 | 6,583,000 | 10,094,000 | 13,651,000 |
| Interest expense | 1,048,000 | 2,084,000 | 3,192,000 | 4,410,000 |
| Net interest income | 2,191,000 | 4,499,000 | 6,902,000 | 9,241,000 |
| Noninterest income | 291,000 | 584,000 | 916,000 | 1,266,000 |
| Noninterest expense | 1,712,000 | 3,624,000 | 5,492,000 | 7,811,000 |
| Provision for loan losses | 84,000 | 385,000 | 415,000 | 554,000 |
| Pretax income | 686,000 | 1,074,000 | 1,911,000 | 2,142,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 686,000 | 1,074,000 | 1,911,000 | 2,142,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,822,000 | 22,855,000 | 23,489,000 | 23,402,000 |
| Total capital | 24,369,000 | 24,423,000 | 25,063,000 | 24,973,000 |
| Risk-weighted assets | 122,927,000 | 124,387,000 | 125,115,000 | 124,869,000 |