Call reports 2007
CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION — 2007
What CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 115,210,000 | 116,741,000 | 116,086,000 | 119,930,000 |
| Total loans | 76,755,000 | 77,281,000 | 80,374,000 | 85,398,000 |
| Allowance for loan losses | 935,000 | 1,037,000 | 899,000 | 754,000 |
| Securities available for sale | 21,460,000 | 21,760,000 | 21,290,000 | 20,240,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,512,000 | 98,910,000 | 97,389,000 | 98,703,000 |
| Interest-bearing deposits | 83,913,000 | 86,251,000 | 86,249,000 | 85,731,000 |
| Noninterest-bearing deposits | 13,599,000 | 12,659,000 | 11,140,000 | 12,972,000 |
| Equity capital | 14,220,000 | 14,074,000 | 14,377,000 | 14,409,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,716,000 | 3,519,000 | 5,394,000 | 7,208,000 |
| Interest expense | 772,000 | 1,591,000 | 2,443,000 | 3,320,000 |
| Net interest income | 944,000 | 1,928,000 | 2,951,000 | 3,888,000 |
| Noninterest income | 284,000 | 564,000 | 849,000 | 1,143,000 |
| Noninterest expense | 941,000 | 1,910,000 | 2,868,000 | 3,812,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 287,000 | 582,000 | 932,000 | 1,219,000 |
| Income tax | 101,000 | 195,000 | 307,000 | 402,000 |
| Net income | 186,000 | 387,000 | 625,000 | 817,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,802,000 | 10,834,000 | 11,041,000 | 11,046,000 |
| Total capital | 11,839,000 | 11,871,000 | 11,976,000 | 11,800,000 |
| Risk-weighted assets | 90,590,000 | 93,942,000 | 95,303,000 | 96,690,000 |