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 | 285,412,000 | 281,154,000 | 271,153,000 | 262,920,000 |
| Total loans | 235,562,000 | 230,647,000 | 222,131,000 | 215,620,000 |
| Allowance for loan losses | 5,156,000 | 4,968,000 | 5,041,000 | 4,837,000 |
| Securities available for sale | 27,679,000 | 32,255,000 | 36,445,000 | 34,915,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 206,411,000 | 202,452,000 | 189,009,000 | 181,829,000 |
| Interest-bearing deposits | 187,569,000 | 180,280,000 | 169,375,000 | 162,306,000 |
| Noninterest-bearing deposits | 18,842,000 | 22,172,000 | 19,634,000 | 19,523,000 |
| Equity capital | 24,439,000 | 24,704,000 | 26,756,000 | 27,314,000 |
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 | 4,577,000 | 8,615,000 | 12,682,000 | 16,372,000 |
| Interest expense | 2,520,000 | 4,678,000 | 6,763,000 | 8,683,000 |
| Net interest income | 2,057,000 | 3,937,000 | 5,919,000 | 7,689,000 |
| Noninterest income | 271,000 | 424,000 | 595,000 | 692,000 |
| Noninterest expense | 1,440,000 | 2,840,000 | 4,333,000 | 5,684,000 |
| Provision for loan losses | 400,000 | 550,000 | 775,000 | 1,095,000 |
| Pretax income | 488,000 | 992,000 | 1,440,000 | 1,704,000 |
| Income tax | 8,000 | 28,000 | 47,000 | 57,000 |
| Net income | 480,000 | 964,000 | 1,393,000 | 1,647,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,932,000 | 24,354,000 | 26,599,000 | 26,869,000 |
| Total capital | 26,751,000 | 27,171,000 | 29,380,000 | 29,591,000 |
| Risk-weighted assets | 229,058,000 | 223,503,000 | 220,234,000 | 215,622,000 |
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