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Complete financial analysis of Cornerstone Community Bancorp (CRSB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cornerstone Community Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Cornerstone Community Bancorp (CRSB)
About Cornerstone Community Bancorp
Cornerstone Community Bancorp operates as the bank holding company for Cornerstone Community Bank that provides commercial, industrial, agricultural and personal credit, and other banking services in Tehama, Shasta, Butte, and Glenn counties and the surrounding areas in California. The company offers personal banking products comprise personal checking and savings accounts that include standard and gold savings, money market, health savings, individual retirement accounts, and certificate of deposit; debit and personal credit cards; and personal loans, such as personal secured and unsecured term loans, savings and CD secured loans, personal lines of credit, auto loans, home equity lines of credit, and residential construction loans. It also provides business banking products, including business checking and savings accounts, money market accounts, and certificate of deposit; business debit and credit cards; business loans, such as business, equipment, commercial real estate, commercial construction, small business administration loans, business line of credit, and letter of credit; and business services comprising online banking, automated sweeps, positive pay, remote deposit capture, ACH origination, and messenger and merchant card services. In addition, the company offers account services, such as online banking and bill pay, mobile banking, E-statements, and mobile payments. It serves small and mid-size businesses, including professional service firms, real estate developers and investors, and not-for-profit organizations and their owners, as well as individuals. The company was incorporated in 2014 and is headquartered in Red Bluff, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31.34M | 23.22M | 21.89M | 17.35M | 15.13M | 12.55M | 10.92M | 8.79M | 6.98M | 6.22M | 5.42M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 31.34M | 23.22M | 21.89M | 17.35M | 15.13M | 12.55M | 10.92M | 8.79M | 6.98M | 6.22M | 5.42M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.12M | 353.93K | 282.54K | 297.74K | 249.94K | 4.13M | 3.65M | 3.37M | 3.50M | 0.00 | 0.00 |
| Selling & Marketing | 421.00K | 367.74K | 366.42K | 242.76K | 267.89K | 211.88K | 170.17K | 176.07K | 163.83K | 0.00 | 0.00 |
| SG&A | 8.55M | 721.67K | 648.96K | 540.50K | 517.83K | 4.35M | 3.82M | 3.55M | 3.66M | 3.21M | 2.78M |
| Other Expenses | 23.19M | -3.92M | -3.36M | -2.98M | -2.58M | -2.39M | -2.03M | -1.81M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 23.19M | 3.92M | 3.36M | 2.98M | 2.58M | 2.39M | 2.03M | 1.81M | 5.42M | 4.93M | 4.34M |
| Cost & Expenses | 23.19M | 13.08M | 10.71M | 11.04M | 10.36M | 8.96M | 7.46M | 6.49M | 5.42M | 4.93M | 4.34M |
| Interest Income | 29.95M | 22.16M | 19.67M | 16.12M | 13.92M | 11.85M | 9.70M | 8.03M | 7.21M | 6.26M | 5.35M |
| Interest Expense | 8.15M | 2.85M | 1.68M | 2.28M | 2.95M | 2.19M | 1.60M | 1.35M | 1.13M | 492.00K | 570.00K |
| Depreciation & Amortization | -10.22M | 573.95K | 463.74K | 480.95K | 499.79K | -3.59M | -3.46M | -2.29M | -1.56M | -1.30M | -1.09M |
| EBITDA | 0.00 | 10.75M | 11.75M | 6.84M | 5.27M | 0.00 | 0.00 | 0.00 | 297.00 | -2.00K | 0.00 |
| EBITDA Ratio | 0.00% | 48.72% | 55.89% | 43.14% | 31.50% | 28.59% | 31.71% | 26.11% | 0.00% | 0.00% | 0.00% |
| Operating Income | 10.22M | 10.14M | 11.12M | 6.32M | 4.77M | 3.59M | 3.46M | 2.29M | 1.56M | 1.30M | 1.09M |
| Operating Income Ratio | 32.59% | 43.66% | 50.80% | 36.43% | 31.50% | 28.59% | 31.71% | 26.11% | 22.34% | 20.86% | 20.01% |
| Total Other Income/Expenses | 0.00 | 257.00 | 0.00 | 0.00 | 0.00 | -507.00 | -11.00 | 23.00 | 297.00 | 0.00 | 0.00 |
| Income Before Tax | 10.22M | 10.14M | 11.12M | 6.32M | 4.77M | 3.59M | 3.46M | 2.29M | 1.56M | 1.30M | 1.09M |
| Income Before Tax Ratio | 32.59% | 43.66% | 50.80% | 36.43% | 31.50% | 28.59% | 31.71% | 26.11% | 22.34% | 20.86% | 20.01% |
| Income Tax Expense | 2.84M | 2.89M | 3.21M | 1.69M | 1.31M | 811.00K | 1.83M | 941.00K | 640.79K | 519.00K | 12.00K |
| Net Income | 7.37M | 7.24M | 7.91M | 4.63M | 3.45M | 2.78M | 1.64M | 1.35M | 917.91K | 779.00K | 1.07M |
| Net Income Ratio | 23.52% | 31.20% | 36.16% | 26.67% | 22.82% | 22.12% | 15.00% | 15.40% | 13.16% | 12.52% | 19.79% |
| EPS | 4.98 | 4.92 | 5.44 | 3.12 | 2.41 | 2.03 | 1.32 | 1.09 | 0.68 | 0.59 | 0.83 |
| EPS Diluted | 4.84 | 4.74 | 5.25 | 3.04 | 2.27 | 1.84 | 1.20 | 1.02 | 0.68 | 0.59 | 0.83 |
| Weighted Avg Shares Out | 1.48M | 1.47M | 1.45M | 1.48M | 1.44M | 1.37M | 1.24M | 1.24M | 1.35M | 1.32M | 1.29M |
| Weighted Avg Shares Out (Dil) | 1.52M | 1.53M | 1.51M | 1.52M | 1.52M | 1.51M | 1.36M | 1.33M | 1.34M | 1.33M | 1.30M |
Cornerstone Community Bancorp Reports Financial Results For the Second Quarter Ended June 30, 2024
Cornerstone Community Bancorp Reports Financial Results For the Fourth Quarter and Full Year Ended December 31, 2023
Cornerstone Community Bancorp Reports Financial Results For the Third Quarter Ended September 30, 2023
Cornerstone Community Bancorp Reports Financial Results For the Second Quarter Ended June 30, 2023
Source: https://incomestatements.info
Category: Stock Reports