Call reports 2003
CORNERSTONE STATE BANK — 2003
What CORNERSTONE STATE BANK 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 | 79,528,000 | 79,067,000 | 79,062,000 | 83,435,000 |
| Total loans | 51,341,000 | 50,684,000 | 49,686,000 | 52,759,000 |
| Allowance for loan losses | 930,000 | 924,000 | 885,000 | 777,000 |
| Securities available for sale | 7,046,000 | 6,060,000 | 3,017,000 | 4,041,000 |
| Securities held to maturity | 14,596,000 | 11,992,000 | 17,819,000 | 18,886,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,673,000 | 66,085,000 | 66,070,000 | 67,899,000 |
| Interest-bearing deposits | 58,648,000 | 59,137,000 | 59,610,000 | 59,596,000 |
| Noninterest-bearing deposits | 7,025,000 | 6,948,000 | 6,460,000 | 8,303,000 |
| Equity capital | 8,063,000 | 8,207,000 | 8,256,000 | 8,541,000 |
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 | 1,185,000 | 2,333,000 | 3,434,000 | 4,550,000 |
| Interest expense | 405,000 | 783,000 | 1,124,000 | 1,442,000 |
| Net interest income | 780,000 | 1,550,000 | 2,310,000 | 3,108,000 |
| Noninterest income | 123,000 | 259,000 | 381,000 | 501,000 |
| Noninterest expense | 543,000 | 1,167,000 | 1,862,000 | 2,437,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 331,000 | 586,000 | 743,000 | 1,056,000 |
| Income tax | 102,000 | 228,000 | 312,000 | 354,000 |
| Net income | 229,000 | 358,000 | 431,000 | 702,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,508,000 | 6,669,000 | 6,775,000 | 7,076,000 |
| Total capital | 7,132,000 | 7,298,000 | 7,393,000 | 7,734,000 |
| Risk-weighted assets | 49,657,000 | 50,031,000 | 49,247,000 | 52,554,000 |