Call reports 2014
CORNERSTONE BANK — 2014
What CORNERSTONE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 422,088,000 | 432,457,000 | 458,283,000 | 460,358,000 |
| Total loans | 339,463,000 | 348,550,000 | 357,839,000 | 363,453,000 |
| Allowance for loan losses | 2,888,000 | 2,894,000 | 2,970,000 | 2,981,000 |
| Securities available for sale | 3,310,000 | 3,445,000 | 3,411,000 | 3,553,000 |
| Securities held to maturity | 34,971,000 | 33,968,000 | 33,617,000 | 33,211,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 325,214,000 | 325,973,000 | 351,781,000 | 366,873,000 |
| Interest-bearing deposits | 310,742,000 | 308,655,000 | 332,758,000 | 349,216,000 |
| Noninterest-bearing deposits | 14,472,000 | 17,318,000 | 19,023,000 | 17,657,000 |
| Equity capital | 53,670,000 | 54,207,000 | 54,696,000 | 55,225,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,861,000 | 7,875,000 | 11,992,000 | 16,181,000 |
| Interest expense | 573,000 | 1,149,000 | 1,709,000 | 2,285,000 |
| Net interest income | 3,288,000 | 6,726,000 | 10,283,000 | 13,896,000 |
| Noninterest income | 475,000 | 975,000 | 1,523,000 | 2,009,000 |
| Noninterest expense | 3,067,000 | 6,242,000 | 9,401,000 | 12,800,000 |
| Provision for loan losses | 60,000 | 135,000 | 215,000 | 300,000 |
| Pretax income | 706,000 | 1,424,000 | 2,404,000 | 3,041,000 |
| Income tax | 229,000 | 464,000 | 780,000 | 981,000 |
| Net income | 477,000 | 960,000 | 1,624,000 | 2,060,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,195,000 | 53,678,000 | 54,342,000 | 54,778,000 |
| Total capital | 56,276,000 | 56,802,000 | 57,465,000 | 57,955,000 |
| Risk-weighted assets | 283,767,000 | 293,543,000 | 303,599,000 | 308,398,000 |