Call reports 2008
CORNERSTONE BANK — 2008
What CORNERSTONE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 122,791,000 | 126,670,000 | 129,075,000 | 147,521,000 |
| Total loans | 52,292,000 | 58,363,000 | 59,810,000 | 53,571,000 |
| Allowance for loan losses | 754,000 | 744,000 | 752,000 | 763,000 |
| Securities available for sale | 27,696,000 | 40,919,000 | 28,225,000 | 29,816,000 |
| Securities held to maturity | 6,770,000 | 11,686,000 | 22,732,000 | 29,846,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,393,000 | 111,818,000 | 113,991,000 | 132,181,000 |
| Interest-bearing deposits | 88,503,000 | 92,012,000 | 93,756,000 | 104,980,000 |
| Noninterest-bearing deposits | 18,890,000 | 19,806,000 | 20,235,000 | 27,201,000 |
| Equity capital | 12,045,000 | 12,314,000 | 12,838,000 | 13,508,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,104,000 | 2,634,000 | 4,252,000 | 5,834,000 |
| Interest expense | 448,000 | 1,014,000 | 1,519,000 | 1,993,000 |
| Net interest income | 656,000 | 1,620,000 | 2,733,000 | 3,841,000 |
| Noninterest income | 74,000 | 180,000 | 308,000 | 436,000 |
| Noninterest expense | 408,000 | 1,001,000 | 1,629,000 | 2,234,000 |
| Provision for loan losses | 6,000 | 12,000 | 24,000 | 36,000 |
| Pretax income | 316,000 | 787,000 | 1,388,000 | 2,007,000 |
| Income tax | 33,000 | 55,000 | 97,000 | 140,000 |
| Net income | 283,000 | 732,000 | 1,291,000 | 1,867,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,935,000 | 11,322,000 | 11,812,000 | 12,326,000 |
| Total capital | 11,689,000 | 11,804,000 | 12,310,000 | 13,089,000 |
| Risk-weighted assets | 84,866,000 | 97,134,000 | 99,375,000 | 99,429,000 |
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