Call reports 2007
CORNERSTONE BANK — 2007
What CORNERSTONE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 57,366,000 | 56,091,000 | 58,074,000 | 61,029,000 |
| Total loans | 27,660,000 | 29,571,000 | 30,313,000 | 29,480,000 |
| Allowance for loan losses | 344,000 | 349,000 | 355,000 | 348,000 |
| Securities available for sale | 17,501,000 | 18,295,000 | 18,710,000 | 19,235,000 |
| Securities held to maturity | 1,127,000 | 772,000 | 729,000 | 630,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,319,000 | 47,079,000 | 48,750,000 | 51,372,000 |
| Interest-bearing deposits | 41,029,000 | 39,738,000 | 40,538,000 | 42,528,000 |
| Noninterest-bearing deposits | 7,290,000 | 7,341,000 | 8,212,000 | 8,844,000 |
| Equity capital | 8,256,000 | 8,236,000 | 8,530,000 | 8,847,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 756,000 | 1,587,000 | 2,433,000 | 3,307,000 |
| Interest expense | 281,000 | 596,000 | 919,000 | 1,253,000 |
| Net interest income | 475,000 | 991,000 | 1,514,000 | 2,054,000 |
| Noninterest income | 76,000 | 149,000 | 230,000 | 305,000 |
| Noninterest expense | 303,000 | 606,000 | 948,000 | 1,320,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 242,000 | 522,000 | 778,000 | 1,015,000 |
| Income tax | 17,000 | 36,000 | 54,000 | 72,000 |
| Net income | 225,000 | 486,000 | 724,000 | 943,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,412,000 | 8,462,000 | 8,631,000 | 8,800,000 |
| Total capital | 8,756,000 | 8,811,000 | 8,986,000 | 9,010,000 |
| Risk-weighted assets | 42,747,000 | 45,699,000 | 46,610,000 | 46,103,000 |
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