Call reports 2004
CORNERSTONE BANK — 2004
What CORNERSTONE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 114,710,000 | 109,375,000 | 127,172,000 | 135,724,000 |
| Total loans | 69,132,000 | 71,776,000 | 75,861,000 | 75,156,000 |
| Allowance for loan losses | 948,000 | 979,000 | 992,000 | 1,005,000 |
| Securities available for sale | 2,255,000 | 3,715,000 | 3,738,000 | 6,394,000 |
| Securities held to maturity | 20,788,000 | 24,709,000 | 26,469,000 | 32,195,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,065,000 | 92,846,000 | 110,472,000 | 116,106,000 |
| Interest-bearing deposits | 73,682,000 | 70,187,000 | 86,132,000 | 92,593,000 |
| Noninterest-bearing deposits | 24,383,000 | 22,659,000 | 24,340,000 | 23,513,000 |
| Equity capital | 14,066,000 | 14,189,000 | 14,391,000 | 14,501,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,232,000 | 2,566,000 | 4,002,000 | 5,554,000 |
| Interest expense | 293,000 | 604,000 | 966,000 | 1,409,000 |
| Net interest income | 939,000 | 1,962,000 | 3,036,000 | 4,145,000 |
| Noninterest income | 34,000 | 67,000 | 115,000 | 154,000 |
| Noninterest expense | 719,000 | 1,468,000 | 2,277,000 | 3,168,000 |
| Provision for loan losses | 45,000 | 101,000 | 114,000 | 127,000 |
| Pretax income | 209,000 | 460,000 | 760,000 | 1,004,000 |
| Income tax | 84,000 | 185,000 | 306,000 | 417,000 |
| Net income | 125,000 | 275,000 | 454,000 | 587,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,062,000 | 14,212,000 | 14,398,000 | 14,531,000 |
| Total capital | 15,010,000 | 15,191,000 | 15,390,000 | 15,536,000 |
| Risk-weighted assets | 80,457,000 | 81,141,000 | 88,058,000 | 88,995,000 |