Call reports 2003
CORNERSTONE BANK — 2003
What CORNERSTONE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 97,342,000 | 105,408,000 | 111,362,000 | 102,588,000 |
| Total loans | 52,583,000 | 57,654,000 | 62,237,000 | 66,792,000 |
| Allowance for loan losses | 692,000 | 738,000 | 809,000 | 903,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 13,398,000 | 13,666,000 | 17,409,000 | 19,942,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,698,000 | 94,543,000 | 100,424,000 | 86,129,000 |
| Interest-bearing deposits | 73,510,000 | 79,284,000 | 84,538,000 | 69,384,000 |
| Noninterest-bearing deposits | 15,188,000 | 15,259,000 | 15,886,000 | 16,745,000 |
| Equity capital | 8,377,000 | 8,485,000 | 8,557,000 | 13,913,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 993,000 | 2,061,000 | 3,185,000 | 4,375,000 |
| Interest expense | 345,000 | 676,000 | 1,012,000 | 1,325,000 |
| Net interest income | 648,000 | 1,385,000 | 2,173,000 | 3,050,000 |
| Noninterest income | 35,000 | 81,000 | 123,000 | 156,000 |
| Noninterest expense | 570,000 | 1,129,000 | 1,769,000 | 2,483,000 |
| Provision for loan losses | 43,000 | 89,000 | 160,000 | 254,000 |
| Pretax income | 70,000 | 248,000 | 367,000 | 469,000 |
| Income tax | 30,000 | 100,000 | 147,000 | 188,000 |
| Net income | 40,000 | 148,000 | 220,000 | 281,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,377,000 | 8,485,000 | 8,557,000 | 13,913,000 |
| Total capital | 9,069,000 | 9,223,000 | 9,366,000 | 14,816,000 |
| Risk-weighted assets | 63,109,000 | 69,180,000 | 74,064,000 | 75,544,000 |