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 | 853,211,000 | 897,653,000 | 924,081,000 | 940,199,000 |
| Total loans | 558,048,000 | 611,848,000 | 650,057,000 | 660,528,000 |
| Allowance for loan losses | 6,531,000 | 6,693,000 | 7,741,000 | 8,336,000 |
| Securities available for sale | 74,479,000 | 70,247,000 | 57,438,000 | 61,996,000 |
| Securities held to maturity | 109,298,000 | 94,397,000 | 104,410,000 | 129,610,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 750,848,000 | 799,440,000 | 811,057,000 | 811,674,000 |
| Interest-bearing deposits | 609,535,000 | 651,200,000 | 664,717,000 | 661,716,000 |
| Noninterest-bearing deposits | 141,313,000 | 148,240,000 | 146,340,000 | 149,958,000 |
| Equity capital | 68,345,000 | 70,670,000 | 76,118,000 | 77,530,000 |
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 | 10,299,000 | 21,014,000 | 32,184,000 | 43,484,000 |
| Interest expense | 2,509,000 | 5,156,000 | 7,737,000 | 10,135,000 |
| Net interest income | 7,790,000 | 15,858,000 | 24,447,000 | 33,349,000 |
| Noninterest income | 2,816,000 | 5,712,000 | 8,464,000 | 11,672,000 |
| Noninterest expense | 7,246,000 | 14,905,000 | 22,227,000 | 29,168,000 |
| Provision for loan losses | 247,000 | 996,000 | 2,248,000 | 3,000,000 |
| Pretax income | 3,113,000 | 5,669,000 | 8,539,000 | 13,150,000 |
| Income tax | 89,000 | 181,000 | 275,000 | 369,000 |
| Net income | 3,024,000 | 5,488,000 | 8,264,000 | 12,781,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,948,000 | 62,638,000 | 67,980,000 | 72,726,000 |
| Total capital | 68,478,000 | 69,330,000 | 75,721,000 | 81,062,000 |
| Risk-weighted assets | 607,918,000 | 660,819,000 | 697,971,000 | 716,017,000 |