Call reports 2008
CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION — 2008
What CORNERSTONE BANK & TRUST, NATIONAL ASSOCIATION 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 | 121,853,000 | 116,153,000 | 123,322,000 | 125,026,000 |
| Total loans | 83,146,000 | 83,757,000 | 90,200,000 | 95,827,000 |
| Allowance for loan losses | 734,000 | 736,000 | 700,000 | 563,000 |
| Securities available for sale | 17,709,000 | 15,490,000 | 13,876,000 | 14,110,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,107,000 | 97,676,000 | 103,623,000 | 105,725,000 |
| Interest-bearing deposits | 89,712,000 | 84,284,000 | 90,475,000 | 91,604,000 |
| Noninterest-bearing deposits | 13,395,000 | 13,392,000 | 13,148,000 | 14,121,000 |
| Equity capital | 14,657,000 | 14,818,000 | 14,671,000 | 14,881,000 |
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 | 1,801,000 | 3,515,000 | 5,117,000 | 6,739,000 |
| Interest expense | 805,000 | 1,547,000 | 2,245,000 | 2,967,000 |
| Net interest income | 996,000 | 1,968,000 | 2,872,000 | 3,772,000 |
| Noninterest income | 281,000 | 611,000 | 941,000 | 1,290,000 |
| Noninterest expense | 1,013,000 | 2,016,000 | 3,057,000 | 4,026,000 |
| Provision for loan losses | 0 | 0 | 0 | 131,000 |
| Pretax income | 264,000 | 568,000 | -201,000 | -89,000 |
| Income tax | 86,000 | 175,000 | -134,000 | -111,000 |
| Net income | 178,000 | 393,000 | -67,000 | 22,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,221,000 | 11,634,000 | 11,147,000 | 11,270,000 |
| Total capital | 11,955,000 | 12,370,000 | 11,847,000 | 11,833,000 |
| Risk-weighted assets | 95,515,000 | 94,207,000 | 101,368,000 | 106,674,000 |