Call reports 2008
CORNERSTONE COMMUNITY BANK — 2008
What CORNERSTONE COMMUNITY 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 | 41,551,000 | 46,731,000 | 50,399,000 | 55,059,000 |
| Total loans | 33,699,000 | 37,804,000 | 42,790,000 | 44,897,000 |
| Allowance for loan losses | 423,000 | 505,000 | 533,000 | 790,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 999,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,902,000 | 37,265,000 | 41,078,000 | 46,155,000 |
| Interest-bearing deposits | 27,331,000 | 32,665,000 | 37,209,000 | 42,869,000 |
| Noninterest-bearing deposits | 4,571,000 | 4,600,000 | 3,869,000 | 3,286,000 |
| Equity capital | 9,492,000 | 9,286,000 | 9,113,000 | 8,578,000 |
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 | 678,000 | 1,389,000 | 2,186,000 | 3,030,000 |
| Interest expense | 208,000 | 389,000 | 613,000 | 861,000 |
| Net interest income | 470,000 | 1,000,000 | 1,573,000 | 2,169,000 |
| Noninterest income | 33,000 | 70,000 | 131,000 | 173,000 |
| Noninterest expense | 705,000 | 1,414,000 | 2,170,000 | 2,980,000 |
| Provision for loan losses | 88,000 | 196,000 | 293,000 | 688,000 |
| Pretax income | -290,000 | -540,000 | -759,000 | -1,326,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | -291,000 | -541,000 | -760,000 | -1,333,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,492,000 | 9,286,000 | 9,113,000 | 8,578,000 |
| Total capital | 9,923,000 | 9,798,000 | 9,656,000 | 9,203,000 |
| Risk-weighted assets | 37,852,000 | 41,513,000 | 46,922,000 | 49,833,000 |