Call reports 2002
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2002
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 115,608,000 | 127,621,000 | 134,530,000 | 149,996,000 |
| Total loans | 58,236,000 | 64,646,000 | 73,346,000 | 86,598,000 |
| Allowance for loan losses | 753,000 | 893,000 | 1,028,000 | 1,188,000 |
| Securities available for sale | 44,365,000 | 49,461,000 | 51,118,000 | 52,612,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,215,000 | 100,492,000 | 105,577,000 | 117,920,000 |
| Interest-bearing deposits | 74,300,000 | 85,801,000 | 87,712,000 | 99,154,000 |
| Noninterest-bearing deposits | 13,915,000 | 14,691,000 | 17,865,000 | 18,766,000 |
| Equity capital | 14,283,000 | 14,704,000 | 15,072,000 | 15,181,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,314,000 | 2,829,000 | 4,374,000 | 5,972,000 |
| Interest expense | 483,000 | 1,067,000 | 1,690,000 | 2,306,000 |
| Net interest income | 831,000 | 1,762,000 | 2,684,000 | 3,666,000 |
| Noninterest income | 119,000 | 250,000 | 389,000 | 537,000 |
| Noninterest expense | 616,000 | 1,259,000 | 1,943,000 | 2,791,000 |
| Provision for loan losses | 90,000 | 230,000 | 365,000 | 525,000 |
| Pretax income | 244,000 | 501,000 | 743,000 | 921,000 |
| Income tax | 21,000 | 88,000 | 124,000 | 149,000 |
| Net income | 223,000 | 413,000 | 619,000 | 772,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,332,000 | 14,522,000 | 14,727,000 | 14,882,000 |
| Total capital | 15,085,000 | 15,415,000 | 15,755,000 | 16,070,000 |
| Risk-weighted assets | 80,223,000 | 89,899,000 | 101,579,000 | 120,060,000 |