Call reports 2007
CORNERSTONE BANK — 2007
What CORNERSTONE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 180,065,000 | 206,518,000 | 208,853,000 | 212,510,000 |
| Total loans | 124,379,000 | 134,181,000 | 143,617,000 | 146,041,000 |
| Allowance for loan losses | 1,051,000 | 1,082,000 | 1,050,000 | 1,050,000 |
| Securities available for sale | 6,981,000 | 6,956,000 | 5,286,000 | 2,984,000 |
| Securities held to maturity | 32,657,000 | 34,044,000 | 33,525,000 | 36,327,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,231,000 | 187,100,000 | 166,328,000 | 184,090,000 |
| Interest-bearing deposits | 134,560,000 | 156,264,000 | 141,268,000 | 159,658,000 |
| Noninterest-bearing deposits | 25,671,000 | 30,836,000 | 25,060,000 | 24,432,000 |
| Equity capital | 15,526,000 | 15,439,000 | 15,531,000 | 15,463,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,653,000 | 5,447,000 | 8,371,000 | 11,448,000 |
| Interest expense | 1,439,000 | 3,026,000 | 4,690,000 | 6,422,000 |
| Net interest income | 1,214,000 | 2,421,000 | 3,681,000 | 5,026,000 |
| Noninterest income | 67,000 | 142,000 | 250,000 | 324,000 |
| Noninterest expense | 1,240,000 | 2,626,000 | 3,965,000 | 5,573,000 |
| Provision for loan losses | 1,000 | 32,000 | 0 | 0 |
| Pretax income | 40,000 | -95,000 | -34,000 | -223,000 |
| Income tax | 13,000 | -52,000 | -41,000 | -135,000 |
| Net income | 27,000 | -43,000 | 7,000 | -88,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,579,000 | 15,508,000 | 15,554,000 | 15,459,000 |
| Total capital | 16,630,000 | 16,590,000 | 16,604,000 | 16,509,000 |
| Risk-weighted assets | 139,479,000 | 151,470,000 | 161,583,000 | 164,827,000 |