Call reports 2002
CORNERSTONE BANK — 2002
What CORNERSTONE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 59,071,000 | 63,856,000 | 80,246,000 | 92,169,000 |
| Total loans | 35,936,000 | 41,401,000 | 45,998,000 | 49,297,000 |
| Allowance for loan losses | 476,000 | 531,000 | 619,000 | 649,000 |
| Securities available for sale | 550,000 | 587,000 | 0 | 0 |
| Securities held to maturity | 7,004,000 | 6,984,000 | 7,969,000 | 6,439,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,192,000 | 55,791,000 | 72,013,000 | 83,572,000 |
| Interest-bearing deposits | 45,330,000 | 47,770,000 | 61,162,000 | 69,264,000 |
| Noninterest-bearing deposits | 5,862,000 | 8,021,000 | 10,851,000 | 14,308,000 |
| Equity capital | 7,736,000 | 7,855,000 | 7,936,000 | 8,337,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 750,000 | 1,571,000 | 2,491,000 | 3,494,000 |
| Interest expense | 261,000 | 547,000 | 873,000 | 1,224,000 |
| Net interest income | 489,000 | 1,024,000 | 1,618,000 | 2,270,000 |
| Noninterest income | 18,000 | 67,000 | 94,000 | 123,000 |
| Noninterest expense | 401,000 | 840,000 | 1,304,000 | 1,824,000 |
| Provision for loan losses | 57,000 | 112,000 | 200,000 | 230,000 |
| Pretax income | 49,000 | 139,000 | 208,000 | 339,000 |
| Income tax | 0 | 0 | 0 | -270,000 |
| Net income | 49,000 | 139,000 | 208,000 | 609,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,777,000 | 7,867,000 | 7,936,000 | 8,337,000 |
| Total capital | 8,253,000 | 8,398,000 | 8,555,000 | 8,986,000 |
| Risk-weighted assets | 41,050,000 | 46,219,000 | 53,896,000 | 58,696,000 |