Call reports 2011
CORNERSTONE NATIONAL BANK — 2011
What CORNERSTONE NATIONAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 174,197,000 | 168,676,000 | 166,315,000 | 164,312,000 |
| Total loans | 114,586,000 | 107,177,000 | 98,450,000 | 93,381,000 |
| Allowance for loan losses | 2,627,000 | 2,505,000 | 2,151,000 | 2,042,000 |
| Securities available for sale | 24,250,000 | 27,320,000 | 26,090,000 | 27,742,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,543,000 | 140,704,000 | 139,123,000 | 139,318,000 |
| Interest-bearing deposits | 132,069,000 | 127,728,000 | 124,798,000 | 122,227,000 |
| Noninterest-bearing deposits | 13,474,000 | 12,976,000 | 14,324,000 | 17,092,000 |
| Equity capital | 17,982,000 | 18,088,000 | 17,294,000 | 17,026,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,784,000 | 3,512,000 | 5,135,000 | 6,701,000 |
| Interest expense | 513,000 | 976,000 | 1,381,000 | 1,832,000 |
| Net interest income | 1,271,000 | 2,536,000 | 3,754,000 | 4,869,000 |
| Noninterest income | 130,000 | 293,000 | 386,000 | 553,000 |
| Noninterest expense | 1,248,000 | 2,729,000 | 3,991,000 | 5,258,000 |
| Provision for loan losses | 150,000 | 260,000 | 395,000 | 670,000 |
| Pretax income | 3,000 | -160,000 | -246,000 | -506,000 |
| Income tax | 0 | 0 | 908,000 | 908,000 |
| Net income | 3,000 | -160,000 | -1,154,000 | -1,414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,413,000 | 17,268,000 | 16,793,000 | 16,544,000 |
| Total capital | 19,146,000 | 18,913,000 | 18,368,000 | 18,086,000 |
| Risk-weighted assets | 137,011,000 | 129,982,000 | 124,702,000 | 122,112,000 |