Call reports 2007
CORNERSTONE COMMUNITY BANK — 2007
What CORNERSTONE COMMUNITY 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 | 26,600,000 | 32,756,000 | 35,861,000 | 38,963,000 |
| Total loans | 3,060,000 | 8,003,000 | 18,613,000 | 26,623,000 |
| Allowance for loan losses | 32,000 | 82,000 | 190,000 | 340,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,502,000 | 1,500,000 | 997,000 | 998,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,601,000 | 22,070,000 | 25,659,000 | 29,057,000 |
| Interest-bearing deposits | 11,912,000 | 17,491,000 | 21,254,000 | 24,570,000 |
| Noninterest-bearing deposits | 3,689,000 | 4,579,000 | 4,405,000 | 4,487,000 |
| Equity capital | 10,957,000 | 10,600,000 | 10,095,000 | 9,737,000 |
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 | 310,000 | 750,000 | 1,283,000 | 1,887,000 |
| Interest expense | 67,000 | 208,000 | 391,000 | 598,000 |
| Net interest income | 243,000 | 542,000 | 892,000 | 1,289,000 |
| Noninterest income | 8,000 | 19,000 | 43,000 | 77,000 |
| Noninterest expense | 542,000 | 1,205,000 | 2,022,000 | 2,706,000 |
| Provision for loan losses | 15,000 | 65,000 | 173,000 | 323,000 |
| Pretax income | -306,000 | -709,000 | -1,260,000 | -1,663,000 |
| Income tax | 1,000 | 1,000 | 0 | 1,000 |
| Net income | -307,000 | -710,000 | -1,260,000 | -1,664,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,957,000 | 10,600,000 | 10,095,000 | 9,737,000 |
| Total capital | 10,993,000 | 10,688,000 | 10,292,000 | 10,084,000 |
| Risk-weighted assets | 7,732,000 | 13,909,000 | 23,799,000 | 32,435,000 |