Call reports 2010
CORNERSTONE BANK — 2010
What CORNERSTONE 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 | 100,852,000 | 105,294,000 | 109,508,000 | 117,001,000 |
| Total loans | 45,803,000 | 46,050,000 | 46,900,000 | 47,315,000 |
| Allowance for loan losses | 675,000 | 608,000 | 597,000 | 770,000 |
| Securities available for sale | 33,541,000 | 40,249,000 | 39,712,000 | 43,866,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,689,000 | 93,757,000 | 97,314,000 | 105,380,000 |
| Interest-bearing deposits | 74,641,000 | 77,695,000 | 80,121,000 | 86,750,000 |
| Noninterest-bearing deposits | 15,048,000 | 16,062,000 | 17,193,000 | 18,630,000 |
| Equity capital | 8,906,000 | 9,168,000 | 9,603,000 | 9,302,000 |
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 | 1,081,000 | 2,260,000 | 3,421,000 | 4,588,000 |
| Interest expense | 278,000 | 581,000 | 889,000 | 1,172,000 |
| Net interest income | 803,000 | 1,679,000 | 2,532,000 | 3,416,000 |
| Noninterest income | 218,000 | 463,000 | 648,000 | 800,000 |
| Noninterest expense | 823,000 | 1,732,000 | 2,662,000 | 3,612,000 |
| Provision for loan losses | 0 | 0 | 0 | 250,000 |
| Pretax income | 198,000 | 410,000 | 518,000 | 354,000 |
| Income tax | 24,000 | 48,000 | 40,000 | -124,000 |
| Net income | 174,000 | 362,000 | 478,000 | 478,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,606,000 | 9,794,000 | 9,910,000 | 9,801,000 |
| Total capital | 10,281,000 | 10,402,000 | 10,507,000 | 10,571,000 |
| Risk-weighted assets | 60,354,000 | 62,422,000 | 63,668,000 | 61,942,000 |