Call reports 2008
CORNERSTONE BANK — 2008
What CORNERSTONE 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 | 676,302,000 | 716,249,000 | 725,382,000 | 759,403,000 |
| Total loans | 430,971,000 | 458,488,000 | 472,961,000 | 491,053,000 |
| Allowance for loan losses | 5,271,000 | 5,651,000 | 5,629,000 | 5,828,000 |
| Securities available for sale | 73,014,000 | 70,707,000 | 68,623,000 | 68,104,000 |
| Securities held to maturity | 87,210,000 | 93,733,000 | 97,845,000 | 100,700,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 610,040,000 | 640,628,000 | 655,789,000 | 675,458,000 |
| Interest-bearing deposits | 540,196,000 | 556,878,000 | 591,987,000 | 526,066,000 |
| Noninterest-bearing deposits | 69,844,000 | 83,750,000 | 63,802,000 | 149,392,000 |
| Equity capital | 55,553,000 | 55,272,000 | 56,866,000 | 60,747,000 |
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 | 9,525,000 | 19,106,000 | 29,180,000 | 38,904,000 |
| Interest expense | 4,252,000 | 8,147,000 | 12,157,000 | 15,644,000 |
| Net interest income | 5,273,000 | 10,959,000 | 17,023,000 | 23,260,000 |
| Noninterest income | 2,539,000 | 5,096,000 | 7,638,000 | 11,095,000 |
| Noninterest expense | 5,894,000 | 11,930,000 | 18,406,000 | 25,160,000 |
| Provision for loan losses | 0 | 0 | 0 | 240,000 |
| Pretax income | 1,919,000 | 4,126,000 | 6,256,000 | 8,956,000 |
| Income tax | 70,000 | 144,000 | 219,000 | 295,000 |
| Net income | 1,849,000 | 3,982,000 | 6,037,000 | 8,661,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,629,000 | 48,331,000 | 50,437,000 | 52,668,000 |
| Total capital | 51,899,000 | 53,981,000 | 56,066,000 | 58,495,000 |
| Risk-weighted assets | 480,350,000 | 510,001,000 | 521,856,000 | 544,215,000 |
Machine access — free, no API key
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