Call reports 2001
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2001
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 58,583,000 | 74,815,000 | 91,349,000 | 102,005,000 |
| Total loans | 26,590,000 | 39,992,000 | 46,283,000 | 53,145,000 |
| Allowance for loan losses | 340,000 | 500,000 | 580,000 | 663,000 |
| Securities available for sale | 19,509,000 | 24,044,000 | 34,234,000 | 45,457,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,919,000 | 56,630,000 | 68,644,000 | 71,934,000 |
| Interest-bearing deposits | 37,115,000 | 45,794,000 | 57,908,000 | 59,323,000 |
| Noninterest-bearing deposits | 6,804,000 | 10,836,000 | 10,737,000 | 12,612,000 |
| Equity capital | 13,898,000 | 13,833,000 | 14,139,000 | 14,059,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 833,000 | 1,861,000 | 3,093,000 | 4,444,000 |
| Interest expense | 398,000 | 860,000 | 1,393,000 | 1,917,000 |
| Net interest income | 435,000 | 1,001,000 | 1,700,000 | 2,527,000 |
| Noninterest income | 61,000 | 150,000 | 245,000 | 359,000 |
| Noninterest expense | 545,000 | 1,119,000 | 1,715,000 | 2,390,000 |
| Provision for loan losses | 140,000 | 300,000 | 380,000 | 463,000 |
| Pretax income | -189,000 | -268,000 | -150,000 | 55,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -189,000 | -268,000 | -150,000 | 55,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,865,000 | 13,786,000 | 13,904,000 | 14,109,000 |
| Total capital | 14,205,000 | 14,286,000 | 14,484,000 | 14,772,000 |
| Risk-weighted assets | 44,088,000 | 53,064,000 | 62,486,000 | 69,703,000 |