Cornerstone Community Bank
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Cornerstone Community Bank (CRSB) investor relations material

Cornerstone Community Bank has been acquired by Plumas Bancorp

Cornerstone Community Bank Q1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2025 earnings summary21 Apr, 2025

Executive summary

  • Net income for Q1 2025 was $1,273,000, down from $1,394,000 in Q1 2024.

  • Diluted EPS was $0.82, compared to $0.91 for the same period last year.

  • Announced pending acquisition by Plumas Bancorp, expected to strengthen the institution.

Financial highlights

  • Net interest income rose to $5,019,000 from $4,884,000 year-over-year.

  • Non-interest income increased to $369,000 from $356,000 year-over-year.

  • Non-interest expense was $3,533,000, up from $3,202,000, with $193,000 due to merger costs.

  • Total loans at March 31, 2025 were $491.5 million, up from $488.2 million a year ago.

  • Total deposits declined to $571.9 million from $590.0 million year-over-year.

Outlook and guidance

  • Management expects continued, consistent earnings and improved net interest margin.

  • The merger with Plumas Bancorp is anticipated to benefit customers, shareholders, and employees.

Expected benefits from Plumas Bancorp merger
Nonperforming assets: What is the current level?
What is the trend in total deposits?
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