Call reports 2008
CORNERSTONE NATIONAL BANK — 2008
What CORNERSTONE NATIONAL 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 | 154,090,000 | 151,550,000 | 153,775,000 | 163,817,000 |
| Total loans | 115,158,000 | 112,886,000 | 117,789,000 | 131,182,000 |
| Allowance for loan losses | 1,229,000 | 1,582,000 | 1,420,000 | 1,699,000 |
| Securities available for sale | 23,355,000 | 22,899,000 | 19,714,000 | 19,677,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 119,267,000 | 116,373,000 | 116,776,000 | 122,953,000 |
| Interest-bearing deposits | 107,280,000 | 103,383,000 | 105,478,000 | 112,884,000 |
| Noninterest-bearing deposits | 11,987,000 | 12,990,000 | 11,298,000 | 10,069,000 |
| Equity capital | 18,804,000 | 19,012,000 | 18,553,000 | 18,770,000 |
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 | 2,395,000 | 4,718,000 | 6,990,000 | 9,102,000 |
| Interest expense | 1,081,000 | 2,047,000 | 2,942,000 | 3,817,000 |
| Net interest income | 1,314,000 | 2,671,000 | 4,048,000 | 5,285,000 |
| Noninterest income | 245,000 | 520,000 | 755,000 | 982,000 |
| Noninterest expense | 1,109,000 | 2,177,000 | 3,252,000 | 4,290,000 |
| Provision for loan losses | 120,000 | 240,000 | 460,000 | 815,000 |
| Pretax income | 330,000 | 774,000 | 173,000 | 244,000 |
| Income tax | 105,000 | 254,000 | 48,000 | -18,000 |
| Net income | 225,000 | 520,000 | 125,000 | 262,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,543,000 | 18,898,000 | 18,571,000 | 18,667,000 |
| Total capital | 19,772,000 | 20,481,000 | 19,991,000 | 20,366,000 |
| Risk-weighted assets | 127,882,000 | 126,299,000 | 130,558,000 | 141,436,000 |
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