Call reports 2004
CORNERSTONE STATE BANK — 2004
What CORNERSTONE STATE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 76,523,000 | 78,395,000 | 78,549,000 | 81,427,000 |
| Total loans | 52,939,000 | 54,882,000 | 55,893,000 | 58,933,000 |
| Allowance for loan losses | 876,000 | 896,000 | 785,000 | 897,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 16,114,000 | 16,660,000 | 16,456,000 | 15,786,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,102,000 | 65,206,000 | 65,447,000 | 65,586,000 |
| Interest-bearing deposits | 56,403,000 | 57,634,000 | 54,937,000 | 56,227,000 |
| Noninterest-bearing deposits | 7,699,000 | 7,572,000 | 10,510,000 | 9,359,000 |
| Equity capital | 8,412,000 | 8,574,000 | 8,804,000 | 9,003,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,120,000 | 2,229,000 | 3,458,000 | 4,587,000 |
| Interest expense | 288,000 | 554,000 | 838,000 | 1,120,000 |
| Net interest income | 832,000 | 1,675,000 | 2,620,000 | 3,467,000 |
| Noninterest income | 88,000 | 204,000 | 320,000 | 461,000 |
| Noninterest expense | 567,000 | 1,209,000 | 1,875,000 | 2,499,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 326,000 | 598,000 | 948,000 | 1,267,000 |
| Income tax | 60,000 | 170,000 | 290,000 | 410,000 |
| Net income | 266,000 | 428,000 | 658,000 | 857,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,734,000 | 7,193,000 | 7,454,000 | 7,685,000 |
| Total capital | 7,386,000 | 7,858,000 | 8,127,000 | 8,415,000 |
| Risk-weighted assets | 51,948,000 | 52,954,000 | 53,836,000 | 58,196,000 |