Call reports 2002
CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION — 2002
What CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 89,185,000 | 89,257,000 | 92,139,000 | 89,621,000 |
| Total loans | 65,583,000 | 66,739,000 | 70,040,000 | 68,940,000 |
| Allowance for loan losses | 630,000 | 591,000 | 623,000 | 636,000 |
| Securities available for sale | 16,252,000 | 13,432,000 | 12,448,000 | 11,660,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,673,000 | 80,505,000 | 83,107,000 | 80,385,000 |
| Interest-bearing deposits | 71,685,000 | 71,677,000 | 74,379,000 | 71,924,000 |
| Noninterest-bearing deposits | 8,988,000 | 8,828,000 | 8,728,000 | 8,461,000 |
| Equity capital | 5,928,000 | 6,139,000 | 6,473,000 | 6,739,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,593,000 | 3,080,000 | 4,419,000 | 5,853,000 |
| Interest expense | 625,000 | 1,135,000 | 1,626,000 | 2,119,000 |
| Net interest income | 968,000 | 1,945,000 | 2,793,000 | 3,734,000 |
| Noninterest income | 146,000 | 323,000 | 703,000 | 1,125,000 |
| Noninterest expense | 916,000 | 1,852,000 | 2,790,000 | 3,854,000 |
| Provision for loan losses | 30,000 | 90,000 | 122,000 | 135,000 |
| Pretax income | 174,000 | 401,000 | 663,000 | 949,000 |
| Income tax | 80,000 | 182,000 | 196,000 | 205,000 |
| Net income | 94,000 | 219,000 | 467,000 | 744,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,955,000 | 6,083,000 | 6,348,000 | 6,614,000 |
| Total capital | 6,585,000 | 6,674,000 | 6,971,000 | 7,250,000 |
| Risk-weighted assets | 63,440,000 | 64,575,000 | 67,066,000 | 65,682,000 |