Call reports 2009
CORNERSTONE BANK — 2009
What CORNERSTONE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 278,446,000 | 295,793,000 | 302,965,000 | 306,139,000 |
| Total loans | 214,083,000 | 225,573,000 | 235,081,000 | 238,424,000 |
| Allowance for loan losses | 1,474,000 | 3,352,000 | 3,484,000 | 3,432,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 37,380,000 | 48,895,000 | 46,308,000 | 48,059,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 228,906,000 | 235,362,000 | 248,827,000 | 249,700,000 |
| Interest-bearing deposits | 202,116,000 | 205,648,000 | 217,107,000 | 211,992,000 |
| Noninterest-bearing deposits | 26,789,000 | 29,715,000 | 31,720,000 | 37,708,000 |
| Equity capital | 19,598,000 | 19,201,000 | 20,044,000 | 22,248,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 3,351,000 | 6,968,000 | 10,841,000 | 14,839,000 |
| Interest expense | 1,504,000 | 3,061,000 | 4,512,000 | 5,700,000 |
| Net interest income | 1,847,000 | 3,907,000 | 6,329,000 | 9,139,000 |
| Noninterest income | 93,000 | 221,000 | 358,000 | 610,000 |
| Noninterest expense | 1,918,000 | 4,018,000 | 5,935,000 | 8,017,000 |
| Provision for loan losses | 341,000 | 2,219,000 | 2,351,000 | 2,530,000 |
| Pretax income | -319,000 | -2,109,000 | -1,599,000 | -798,000 |
| Income tax | -139,000 | -870,000 | -687,000 | -384,000 |
| Net income | -180,000 | -1,239,000 | -912,000 | -414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,598,000 | 19,201,000 | 20,044,000 | 22,248,000 |
| Total capital | 24,072,000 | 25,311,000 | 26,273,000 | 27,902,000 |
| Risk-weighted assets | 236,819,000 | 248,567,000 | 258,053,000 | 260,284,000 |