Call reports 2003
CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION — 2003
What CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 91,597,000 | 93,964,000 | 93,406,000 | 102,459,000 |
| Total loans | 65,741,000 | 66,457,000 | 67,794,000 | 59,030,000 |
| Allowance for loan losses | 633,000 | 796,000 | 910,000 | 1,106,000 |
| Securities available for sale | 14,994,000 | 16,712,000 | 14,868,000 | 24,582,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 82,129,000 | 84,498,000 | 84,368,000 | 85,499,000 |
| Interest-bearing deposits | 73,321,000 | 74,908,000 | 74,824,000 | 75,633,000 |
| Noninterest-bearing deposits | 8,808,000 | 9,590,000 | 9,544,000 | 9,866,000 |
| Equity capital | 6,866,000 | 6,882,000 | 6,555,000 | 13,741,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,419,000 | 2,739,000 | 4,028,000 | 931,000 |
| Interest expense | 457,000 | 902,000 | 1,331,000 | 331,000 |
| Net interest income | 962,000 | 1,837,000 | 2,697,000 | 600,000 |
| Noninterest income | 415,000 | 825,000 | 1,070,000 | 222,000 |
| Noninterest expense | 1,118,000 | 2,121,000 | 3,104,000 | 712,000 |
| Provision for loan losses | 0 | 202,000 | 442,000 | 0 |
| Pretax income | 414,000 | 494,000 | 376,000 | 110,000 |
| Income tax | 176,000 | 252,000 | 290,000 | 43,000 |
| Net income | 238,000 | 242,000 | 86,000 | 67,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,848,000 | 6,839,000 | 6,683,000 | 9,054,000 |
| Total capital | 7,481,000 | 7,635,000 | 7,525,000 | 9,923,000 |
| Risk-weighted assets | 65,009,000 | 64,967,000 | 67,309,000 | 69,312,000 |