Call reports 2016
CORNERSTONE BANK — 2016
What CORNERSTONE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 531,201,000 | 559,454,000 | 564,197,000 | 562,806,000 |
| Total loans | 427,341,000 | 462,856,000 | 490,632,000 | 494,013,000 |
| Allowance for loan losses | 3,232,000 | 3,462,000 | 3,570,000 | 3,560,000 |
| Securities available for sale | 31,679,000 | 32,752,000 | 10,708,000 | 10,484,000 |
| Securities held to maturity | 22,368,000 | 17,375,000 | 14,970,000 | 14,660,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 427,345,000 | 427,712,000 | 436,497,000 | 422,510,000 |
| Interest-bearing deposits | 398,244,000 | 398,086,000 | 407,095,000 | 386,497,000 |
| Noninterest-bearing deposits | 29,101,000 | 29,626,000 | 29,402,000 | 36,013,000 |
| Equity capital | 57,752,000 | 57,413,000 | 58,122,000 | 58,378,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,713,000 | 9,682,000 | 14,737,000 | 19,898,000 |
| Interest expense | 708,000 | 1,455,000 | 2,220,000 | 3,023,000 |
| Net interest income | 4,005,000 | 8,227,000 | 12,517,000 | 16,875,000 |
| Noninterest income | 427,000 | 865,000 | 1,316,000 | 1,800,000 |
| Noninterest expense | 3,553,000 | 6,900,000 | 10,201,000 | 14,221,000 |
| Provision for loan losses | 65,000 | 325,000 | 420,000 | 420,000 |
| Pretax income | 814,000 | 2,004,000 | 3,351,000 | 4,238,000 |
| Income tax | 272,000 | 696,000 | 1,160,000 | 1,491,000 |
| Net income | 542,000 | 1,308,000 | 2,191,000 | 2,747,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,533,000 | 58,298,000 | 59,182,000 | 59,737,000 |
| Total capital | 60,945,000 | 61,950,000 | 62,986,000 | 63,559,000 |
| Risk-weighted assets | 381,246,000 | 402,185,000 | 403,295,000 | 410,465,000 |