Call reports 2010
CORNERSTONE BANK — 2010
What CORNERSTONE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 323,061,000 | 341,337,000 | 367,776,000 | 354,184,000 |
| Total loans | 237,428,000 | 242,078,000 | 242,125,000 | 242,857,000 |
| Allowance for loan losses | 3,542,000 | 3,429,000 | 3,664,000 | 3,826,000 |
| Securities available for sale | 0 | 0 | 32,689,000 | 44,635,000 |
| Securities held to maturity | 51,858,000 | 51,955,000 | 44,209,000 | 40,435,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 269,935,000 | 288,736,000 | 309,914,000 | 302,318,000 |
| Interest-bearing deposits | 236,841,000 | 254,355,000 | 277,204,000 | 261,755,000 |
| Noninterest-bearing deposits | 33,094,000 | 34,381,000 | 32,710,000 | 40,563,000 |
| Equity capital | 22,801,000 | 23,391,000 | 24,172,000 | 22,611,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,922,000 | 7,983,000 | 12,053,000 | 16,312,000 |
| Interest expense | 1,072,000 | 2,192,000 | 3,303,000 | 4,373,000 |
| Net interest income | 2,850,000 | 5,791,000 | 8,750,000 | 11,939,000 |
| Noninterest income | 154,000 | 274,000 | 686,000 | 1,086,000 |
| Noninterest expense | 2,048,000 | 4,172,000 | 6,267,000 | 8,661,000 |
| Provision for loan losses | 110,000 | 146,000 | 382,000 | 776,000 |
| Pretax income | 846,000 | 1,747,000 | 2,787,000 | 3,588,000 |
| Income tax | 324,000 | 670,000 | 1,066,000 | 1,373,000 |
| Net income | 522,000 | 1,077,000 | 1,721,000 | 2,215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,801,000 | 23,391,000 | 24,071,000 | 24,599,000 |
| Total capital | 28,503,000 | 29,184,000 | 29,935,000 | 31,073,000 |
| Risk-weighted assets | 263,949,000 | 271,420,000 | 277,051,000 | 277,601,000 |