Call reports 2008
CORNERSTONE COMMUNITY BANK — 2008
What CORNERSTONE COMMUNITY 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 | 447,863,000 | 449,789,000 | 452,793,000 | 467,118,000 |
| Total loans | 380,537,000 | 377,410,000 | 387,847,000 | 386,934,000 |
| Allowance for loan losses | 7,464,000 | 7,240,000 | 7,285,000 | 9,401,000 |
| Securities available for sale | 42,469,000 | 45,764,000 | 41,107,000 | 44,057,000 |
| Securities held to maturity | 194,000 | 184,000 | 176,000 | 169,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 315,398,000 | 314,347,000 | 303,077,000 | 327,087,000 |
| Interest-bearing deposits | 273,544,000 | 272,308,000 | 261,194,000 | 286,505,000 |
| Noninterest-bearing deposits | 41,853,000 | 42,040,000 | 41,883,000 | 40,581,000 |
| Equity capital | 35,902,000 | 36,958,000 | 37,975,000 | 36,149,000 |
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 | 7,929,000 | 15,574,000 | 22,946,000 | 30,245,000 |
| Interest expense | 3,443,000 | 6,627,000 | 9,614,000 | 12,560,000 |
| Net interest income | 4,486,000 | 8,947,000 | 13,332,000 | 17,685,000 |
| Noninterest income | 395,000 | 919,000 | 1,396,000 | 1,892,000 |
| Noninterest expense | 2,622,000 | 5,381,000 | 8,095,000 | 10,767,000 |
| Provision for loan losses | 100,000 | 100,000 | 500,000 | 3,071,000 |
| Pretax income | 2,159,000 | 4,385,000 | 6,133,000 | 5,739,000 |
| Income tax | 790,000 | 1,604,000 | 2,237,000 | 2,062,000 |
| Net income | 1,369,000 | 2,781,000 | 3,896,000 | 3,677,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,504,000 | 36,916,000 | 38,032,000 | 36,336,000 |
| Total capital | 40,546,000 | 41,890,000 | 43,094,000 | 41,410,000 |
| Risk-weighted assets | 400,850,000 | 395,623,000 | 402,710,000 | 401,630,000 |
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