Call reports 2020
CORNERSTONE BANK — 2020
What CORNERSTONE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,197,179,000 | 1,307,943,000 | 1,323,911,000 | 1,345,339,000 |
| Total loans | 1,018,441,000 | 1,122,478,000 | 1,155,738,000 | 1,166,718,000 |
| Allowance for loan losses | 6,697,000 | 10,208,000 | 10,621,000 | 11,278,000 |
| Securities available for sale | 52,693,000 | 51,340,000 | 52,392,000 | 57,192,000 |
| Securities held to maturity | 2,814,000 | 2,708,000 | 1,684,000 | 580,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 932,083,000 | 1,031,349,000 | 1,069,123,000 | 1,085,361,000 |
| Interest-bearing deposits | 827,862,000 | 873,567,000 | 913,546,000 | 932,466,000 |
| Noninterest-bearing deposits | 104,221,000 | 157,782,000 | 155,577,000 | 152,895,000 |
| Equity capital | 120,736,000 | 115,283,000 | 115,583,000 | 113,622,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 11,092,000 | 22,027,000 | 33,122,000 | 44,800,000 |
| Interest expense | 2,875,000 | 5,377,000 | 7,604,000 | 9,575,000 |
| Net interest income | 8,217,000 | 16,650,000 | 25,518,000 | 35,225,000 |
| Noninterest income | 2,438,000 | 4,280,000 | 6,326,000 | 8,410,000 |
| Noninterest expense | 9,123,000 | 18,258,000 | 28,449,000 | 40,783,000 |
| Provision for loan losses | 520,000 | 4,009,000 | 4,420,000 | 5,092,000 |
| Pretax income | 1,012,000 | -1,212,000 | -900,000 | -2,115,000 |
| Income tax | 268,000 | -447,000 | -400,000 | -782,000 |
| Net income | 744,000 | -765,000 | -500,000 | -1,333,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,105,000 | 117,239,000 | 117,649,000 | 115,871,000 |
| Total capital | 126,802,000 | 127,447,000 | 128,270,000 | 127,149,000 |
| Risk-weighted assets | 902,902,000 | 928,165,000 | 945,714,000 | 955,694,000 |