Call reports 2001
CORNERSTONE BANK — 2001
What CORNERSTONE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 41,850,000 | 45,924,000 | 48,910,000 | 53,577,000 |
| Total loans | 20,615,000 | 23,746,000 | 27,048,000 | 31,239,000 |
| Allowance for loan losses | 258,000 | 312,000 | 365,000 | 419,000 |
| Securities available for sale | 0 | 0 | 0 | 553,000 |
| Securities held to maturity | 4,782,000 | 3,498,000 | 4,500,000 | 7,045,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,044,000 | 39,095,000 | 42,045,000 | 46,660,000 |
| Interest-bearing deposits | 30,783,000 | 35,233,000 | 37,420,000 | 40,606,000 |
| Noninterest-bearing deposits | 4,261,000 | 3,862,000 | 4,625,000 | 6,054,000 |
| Equity capital | 6,626,000 | 6,650,000 | 6,674,000 | 6,720,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 655,000 | 1,364,000 | 2,051,000 | 2,750,000 |
| Interest expense | 257,000 | 531,000 | 817,000 | 1,085,000 |
| Net interest income | 398,000 | 833,000 | 1,234,000 | 1,665,000 |
| Noninterest income | 10,000 | 27,000 | 45,000 | 62,000 |
| Noninterest expense | 404,000 | 778,000 | 1,120,000 | 1,447,000 |
| Provision for loan losses | 64,000 | 118,000 | 171,000 | 225,000 |
| Pretax income | -60,000 | -36,000 | -12,000 | 55,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -60,000 | -36,000 | -12,000 | 55,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,626,000 | 6,650,000 | 6,674,000 | 6,741,000 |
| Total capital | 6,884,000 | 6,962,000 | 7,039,000 | 7,160,000 |
| Risk-weighted assets | 24,096,000 | 27,486,000 | 31,517,000 | 35,991,000 |