Call reports 2008
CORNERSTONE BANK — 2008
What CORNERSTONE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 210,593,000 | 230,061,000 | 238,850,000 | 247,535,000 |
| Total loans | 152,005,000 | 169,279,000 | 178,766,000 | 194,104,000 |
| Allowance for loan losses | 1,073,000 | 1,367,000 | 1,368,000 | 1,133,000 |
| Securities available for sale | 3,009,000 | 1,983,000 | 2,003,000 | 0 |
| Securities held to maturity | 25,067,000 | 32,836,000 | 32,715,000 | 28,398,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 167,406,000 | 184,578,000 | 181,777,000 | 202,030,000 |
| Interest-bearing deposits | 142,842,000 | 154,392,000 | 157,639,000 | 180,843,000 |
| Noninterest-bearing deposits | 24,564,000 | 30,186,000 | 24,138,000 | 21,187,000 |
| Equity capital | 15,535,000 | 15,214,000 | 15,350,000 | 15,378,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,032,000 | 5,963,000 | 9,155,000 | 12,480,000 |
| Interest expense | 1,524,000 | 2,827,000 | 4,170,000 | 5,589,000 |
| Net interest income | 1,508,000 | 3,136,000 | 4,985,000 | 6,891,000 |
| Noninterest income | 142,000 | 224,000 | 323,000 | 419,000 |
| Noninterest expense | 1,555,000 | 3,504,000 | 5,293,000 | 7,340,000 |
| Provision for loan losses | 23,000 | 318,000 | 318,000 | 221,000 |
| Pretax income | 72,000 | -462,000 | -303,000 | -251,000 |
| Income tax | 14,000 | -216,000 | -178,000 | -164,000 |
| Net income | 58,000 | -246,000 | -125,000 | -87,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,518,000 | 15,213,000 | 15,338,000 | 15,378,000 |
| Total capital | 16,591,000 | 16,581,000 | 16,706,000 | 19,511,000 |
| Risk-weighted assets | 169,578,000 | 189,111,000 | 199,698,000 | 213,286,000 |