Call reports 2006
CORNERSTONE BANK — 2006
What CORNERSTONE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 160,811,000 | 171,533,000 | 177,345,000 | 185,514,000 |
| Total loans | 100,024,000 | 104,858,000 | 109,635,000 | 117,332,000 |
| Allowance for loan losses | 991,000 | 1,059,000 | 1,159,000 | 1,050,000 |
| Securities available for sale | 7,851,000 | 7,819,000 | 7,928,000 | 6,946,000 |
| Securities held to maturity | 35,242,000 | 34,094,000 | 32,889,000 | 31,405,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,472,000 | 145,331,000 | 151,036,000 | 161,291,000 |
| Interest-bearing deposits | 107,537,000 | 118,931,000 | 128,213,000 | 137,260,000 |
| Noninterest-bearing deposits | 24,935,000 | 26,400,000 | 22,823,000 | 24,031,000 |
| Equity capital | 15,022,000 | 15,208,000 | 15,395,000 | 15,480,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,163,000 | 4,475,000 | 6,984,000 | 9,603,000 |
| Interest expense | 968,000 | 2,068,000 | 3,317,000 | 4,756,000 |
| Net interest income | 1,195,000 | 2,407,000 | 3,667,000 | 4,847,000 |
| Noninterest income | 70,000 | 139,000 | 205,000 | 269,000 |
| Noninterest expense | 1,080,000 | 2,194,000 | 3,339,000 | 4,588,000 |
| Provision for loan losses | 43,000 | 109,000 | 109,000 | 0 |
| Pretax income | 142,000 | 243,000 | 424,000 | 528,000 |
| Income tax | 45,000 | 72,000 | 131,000 | 160,000 |
| Net income | 97,000 | 171,000 | 293,000 | 368,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,146,000 | 15,353,000 | 15,476,000 | 15,552,000 |
| Total capital | 16,137,000 | 16,412,000 | 16,635,000 | 16,602,000 |
| Risk-weighted assets | 118,368,000 | 124,935,000 | 130,488,000 | 137,142,000 |