Call reports 2007
CORNERSTONE STATE BANK — 2007
What CORNERSTONE STATE BANK 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 | 87,611,000 | 91,474,000 | 88,126,000 | 90,483,000 |
| Total loans | 69,971,000 | 72,785,000 | 71,850,000 | 73,663,000 |
| Allowance for loan losses | 873,000 | 924,000 | 938,000 | 908,000 |
| Securities available for sale | 10,554,000 | 8,416,000 | 8,467,000 | 8,753,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,944,000 | 76,201,000 | 74,661,000 | 76,649,000 |
| Interest-bearing deposits | 66,516,000 | 65,610,000 | 64,884,000 | 66,156,000 |
| Noninterest-bearing deposits | 5,428,000 | 10,591,000 | 9,777,000 | 10,493,000 |
| Equity capital | 9,463,000 | 9,724,000 | 9,976,000 | 10,296,000 |
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 | 1,528,000 | 3,078,000 | 4,684,000 | 6,354,000 |
| Interest expense | 591,000 | 1,184,000 | 1,872,000 | 2,520,000 |
| Net interest income | 937,000 | 1,894,000 | 2,812,000 | 3,834,000 |
| Noninterest income | 96,000 | 274,000 | 392,000 | 560,000 |
| Noninterest expense | 580,000 | 1,231,000 | 1,870,000 | 2,579,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 408,000 | 847,000 | 1,199,000 | 1,635,000 |
| Income tax | 160,000 | 325,000 | 490,000 | 655,000 |
| Net income | 248,000 | 522,000 | 709,000 | 980,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,715,000 | 9,028,000 | 9,253,000 | 9,564,000 |
| Total capital | 9,565,000 | 9,924,000 | 10,147,000 | 10,386,000 |
| Risk-weighted assets | 67,942,000 | 71,721,000 | 70,692,000 | 72,380,000 |