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 | 96,006,000 | 105,087,000 | 111,760,000 | 121,200,000 |
| Total loans | 82,321,000 | 88,663,000 | 96,761,000 | 105,426,000 |
| Allowance for loan losses | 887,000 | 880,000 | 836,000 | 856,000 |
| Securities available for sale | 5,711,000 | 5,543,000 | 5,563,000 | 6,420,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 348,000 | 363,000 | 379,000 | 315,000 |
| Total deposits | 72,046,000 | 77,031,000 | 79,908,000 | 89,678,000 |
| Interest-bearing deposits | 63,668,000 | 66,516,000 | 68,327,000 | 77,291,000 |
| Noninterest-bearing deposits | 8,378,000 | 10,515,000 | 11,581,000 | 12,387,000 |
| Equity capital | 8,274,000 | 10,274,000 | 10,234,000 | 10,370,000 |
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 | 1,556,000 | 3,037,000 | 4,576,000 | 6,150,000 |
| Interest expense | 855,000 | 1,574,000 | 2,302,000 | 2,992,000 |
| Net interest income | 701,000 | 1,463,000 | 2,274,000 | 3,158,000 |
| Noninterest income | 119,000 | 279,000 | 397,000 | 423,000 |
| Noninterest expense | 630,000 | 1,292,000 | 2,008,000 | 2,654,000 |
| Provision for loan losses | 15,000 | 80,000 | 95,000 | 110,000 |
| Pretax income | 358,000 | 553,000 | 751,000 | 1,000,000 |
| Income tax | 94,000 | 141,000 | 199,000 | 271,000 |
| Net income | 264,000 | 412,000 | 552,000 | 729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,179,000 | 10,287,000 | 10,232,000 | 10,333,000 |
| Total capital | 9,066,000 | 11,167,000 | 11,068,000 | 11,189,000 |
| Risk-weighted assets | 82,721,000 | 90,275,000 | 97,484,000 | 105,833,000 |
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