Call reports 2024
CORNERSTONE BANK — 2024
What CORNERSTONE BANK 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 | 1,599,380,000 | 1,619,060,000 | 1,644,101,000 | 1,677,285,000 |
| Total loans | 1,323,001,000 | 1,326,061,000 | 1,332,911,000 | 1,333,563,000 |
| Allowance for loan losses | 11,264,000 | 11,021,000 | 11,655,000 | 11,683,000 |
| Securities available for sale | 123,546,000 | 125,299,000 | 127,499,000 | 129,141,000 |
| Securities held to maturity | 90,000 | 78,000 | 68,000 | 58,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,301,761,000 | 1,280,258,000 | 1,287,671,000 | 1,305,792,000 |
| Interest-bearing deposits | 1,123,246,000 | 1,100,929,000 | 1,110,420,000 | 1,123,660,000 |
| Noninterest-bearing deposits | 178,515,000 | 179,329,000 | 177,251,000 | 182,132,000 |
| Equity capital | 122,960,000 | 124,583,000 | 125,762,000 | 153,420,000 |
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 | 16,537,000 | 33,812,000 | 51,468,000 | 69,581,000 |
| Interest expense | 8,143,000 | 16,742,000 | 26,151,000 | 35,853,000 |
| Net interest income | 8,394,000 | 17,070,000 | 25,317,000 | 33,728,000 |
| Noninterest income | 2,423,000 | 4,954,000 | 7,495,000 | 10,219,000 |
| Noninterest expense | 10,534,000 | 21,115,000 | 32,551,000 | 47,212,000 |
| Provision for loan losses | -266,000 | -470,000 | 86,000 | 126,000 |
| Pretax income | 549,000 | 1,379,000 | 93,000 | -3,469,000 |
| Income tax | -10,000 | 108,000 | -89,000 | -576,000 |
| Net income | 559,000 | 1,271,000 | 182,000 | -2,893,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 136,387,000 | 137,041,000 | 135,958,000 | 165,692,000 |
| Total capital | 147,651,000 | 148,062,000 | 147,695,000 | 177,453,000 |
| Risk-weighted assets | 1,196,298,000 | 1,198,422,000 | 1,212,976,000 | 1,219,937,000 |