Call reports 2023
CORNERSTONE BANK — 2023
What CORNERSTONE BANK 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 | 1,516,372,000 | 1,543,760,000 | 1,564,478,000 | 1,595,411,000 |
| Total loans | 1,263,039,000 | 1,278,060,000 | 1,294,960,000 | 1,306,106,000 |
| Allowance for loan losses | 12,327,000 | 12,313,000 | 11,580,000 | 11,632,000 |
| Securities available for sale | 119,440,000 | 115,829,000 | 115,536,000 | 122,474,000 |
| Securities held to maturity | 156,000 | 137,000 | 118,000 | 104,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,241,862,000 | 1,240,016,000 | 1,256,888,000 | 1,304,229,000 |
| Interest-bearing deposits | 1,050,147,000 | 1,051,001,000 | 1,059,095,000 | 1,129,539,000 |
| Noninterest-bearing deposits | 191,715,000 | 189,015,000 | 197,793,000 | 174,690,000 |
| Equity capital | 117,739,000 | 119,728,000 | 117,432,000 | 123,325,000 |
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 | 13,964,000 | 28,684,000 | 44,153,000 | 60,664,000 |
| Interest expense | 4,068,000 | 9,623,000 | 16,315,000 | 24,004,000 |
| Net interest income | 9,896,000 | 19,061,000 | 27,838,000 | 36,660,000 |
| Noninterest income | 2,202,000 | 4,835,000 | 7,377,000 | 10,090,000 |
| Noninterest expense | 10,253,000 | 21,176,000 | 31,894,000 | 42,163,000 |
| Provision for loan losses | 28,000 | 52,000 | -427,000 | -341,000 |
| Pretax income | 1,817,000 | 2,668,000 | 3,748,000 | 4,928,000 |
| Income tax | 327,000 | 338,000 | 558,000 | 821,000 |
| Net income | 1,490,000 | 2,330,000 | 3,190,000 | 4,107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 132,758,000 | 133,743,000 | 134,897,000 | 135,822,000 |
| Total capital | 145,085,000 | 146,056,000 | 146,477,000 | 147,454,000 |
| Risk-weighted assets | 1,108,156,000 | 1,138,537,000 | 1,162,771,000 | 1,168,589,000 |