Cornerstone Bancorp, Inc. Quarterly Report – June 30, 2025

Financial Highlights (Unaudited)

 ($ in Thousands, Except Share and Per Share Data)









For the Quarter Ending


Year To Date

Income Statement

30-Jun-25

30-Jun-24

% Change


30-Jun-25

30-Jun-24

Net Interest Income

$                8,883

$                7,918

12.2 %


$              17,218

$              16,110

Provision for Loan Losses

–

150

-100.0 %


–

300

Noninterest Income

1,425

1,285

10.9 %


2,801

2,626

Noninterest Expense

6,510

6,371

2.2 %


13,417

12,732

Provision for Income Taxes

1,035

684

51.3 %


1,809

1,551

Net Income

$                2,763

$                1,998

38.3 %


$                4,793

$                4,153








Ratios







Return on Average Assets *

1.12 %

0.82 %

37.2 %


1.05 %

0.95 %

Return on Average Stockholders’ Equity *

12.92 %

10.29 %

25.5 %


12.25 %

12.05 %

Net Interest Margin

3.65 %

3.27 %

11.6 %


3.56 %

3.33 %

Allowance for Credit Losses on Loans to Gross Loans

1.27 %

1.32 %

-3.4 %


1.27 %

1.32 %

Dividends Per Share

$                        –

$                        –

NA


$                  2.50

$                  2.50

Earnings Per Share

$                  2.81

$                  2.05

37.1 %


$                  4.86

$                  4.24









End of Period



Balance Sheet Data

30-Jun-25

30-Jun-24

% Change


31-Dec-24

31-Dec-23

Total Assets

$        1,000,224

$           986,039

1.4 %


$           976,886

$            958,795

Loans, Net of Allowance for Loan Loss

$           677,382

$           631,775

7.2 %


$           638,832

$            639,509

Deposits

$           891,640

$           885,599

0.7 %


$           871,306

$            861,203

Trust Preferred Securities

$             10,310

$             10,310

0.0 %


$             10,310

$              10,310

Other Borrowings

$               5,500

$               7,763

-29.2 %


$               7,763

$                7,763

Tangible Shareholders’ Equity

$             84,456

$             74,096

14.0 %


$             81,003

$              73,246

Trust and Wealth Management Assets

$        1,062,161

$           975,896

8.8 %


$        1,019,951

$            954,480








Stock Value Per Common Share Data







Price-To-Earnings Ratio *

7.83

8.90

-12.0 %


8.30

6.31

Price-To-Tangible Book Value Ratio

1.03

0.97

5.9 %


1.00

0.93

Tangible Book Value Per Share

$                85.85

$                75.51

13.7 %


$                82.33

$                74.36

Number of Shares Outstanding

983,705

981,315



983,905

985,039

Average Number of Shares Outstanding

983,773

974,904



983,386

982,767

Stock Price – High

$                89.00

$                73.30



$                82.59

$                70.00

                       Low

$                85.75

$                70.60



$                75.95

$                66.75

                       Ending

$                88.25

$                73.30



$                82.59

$                69.50

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