Call reports 2010
CORNERSTONE NATIONAL BANK — 2010
What CORNERSTONE NATIONAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 188,929,000 | 186,736,000 | 181,209,000 | 174,001,000 |
| Total loans | 133,668,000 | 128,415,000 | 124,823,000 | 119,914,000 |
| Allowance for loan losses | 3,045,000 | 2,831,000 | 2,918,000 | 2,703,000 |
| Securities available for sale | 26,169,000 | 24,628,000 | 25,432,000 | 23,592,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 154,395,000 | 152,510,000 | 148,521,000 | 141,173,000 |
| Interest-bearing deposits | 142,694,000 | 140,237,000 | 137,504,000 | 130,789,000 |
| Noninterest-bearing deposits | 11,700,000 | 12,273,000 | 11,017,000 | 10,383,000 |
| Equity capital | 17,849,000 | 18,039,000 | 17,940,000 | 17,827,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,039,000 | 4,052,000 | 6,010,000 | 7,848,000 |
| Interest expense | 768,000 | 1,461,000 | 2,139,000 | 2,752,000 |
| Net interest income | 1,271,000 | 2,591,000 | 3,871,000 | 5,096,000 |
| Noninterest income | 22,000 | 114,000 | 266,000 | 416,000 |
| Noninterest expense | 1,201,000 | 2,392,000 | 4,005,000 | 5,553,000 |
| Provision for loan losses | 620,000 | 900,000 | 1,080,000 | 1,260,000 |
| Pretax income | -528,000 | -587,000 | -948,000 | -975,000 |
| Income tax | -207,000 | -260,000 | -385,000 | -437,000 |
| Net income | -321,000 | -327,000 | -563,000 | -538,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,581,000 | 17,590,000 | 17,370,000 | 17,531,000 |
| Total capital | 19,479,000 | 19,452,000 | 19,168,000 | 19,307,000 |
| Risk-weighted assets | 149,930,000 | 147,249,000 | 142,714,000 | 140,430,000 |