Call reports 2008
CORNERSTONE STATE BANK — 2008
What CORNERSTONE STATE BANK 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 | 88,960,000 | 89,234,000 | 88,578,000 | 92,199,000 |
| Total loans | 73,481,000 | 74,221,000 | 73,708,000 | 74,121,000 |
| Allowance for loan losses | 924,000 | 914,000 | 974,000 | 696,000 |
| Securities available for sale | 6,661,000 | 7,303,000 | 7,183,000 | 7,343,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,491,000 | 75,726,000 | 75,941,000 | 79,254,000 |
| Interest-bearing deposits | 65,780,000 | 65,242,000 | 65,529,000 | 68,284,000 |
| Noninterest-bearing deposits | 9,711,000 | 10,484,000 | 10,412,000 | 10,970,000 |
| Equity capital | 10,014,000 | 10,058,000 | 10,259,000 | 10,449,000 |
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 | 1,508,000 | 2,940,000 | 4,359,000 | 5,773,000 |
| Interest expense | 562,000 | 1,062,000 | 1,532,000 | 1,984,000 |
| Net interest income | 946,000 | 1,878,000 | 2,827,000 | 3,789,000 |
| Noninterest income | 158,000 | 302,000 | 409,000 | 655,000 |
| Noninterest expense | 576,000 | 1,296,000 | 1,932,000 | 2,865,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 501,000 | 825,000 | 1,200,000 | 1,430,000 |
| Income tax | 215,000 | 420,000 | 630,000 | 786,000 |
| Net income | 286,000 | 405,000 | 570,000 | 644,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,288,000 | 9,427,000 | 9,609,000 | 9,699,000 |
| Total capital | 10,200,000 | 10,015,000 | 10,529,000 | 10,395,000 |
| Risk-weighted assets | 72,198,000 | 73,166,000 | 73,582,000 | 75,331,000 |