Call reports 2003
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2003
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 158,849,000 | 171,706,000 | 181,385,000 | 189,279,000 |
| Total loans | 91,245,000 | 105,161,000 | 117,374,000 | 133,649,000 |
| Allowance for loan losses | 1,233,000 | 1,313,000 | 1,413,000 | 1,541,000 |
| Securities available for sale | 55,668,000 | 47,116,000 | 50,665,000 | 43,785,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 129,819,000 | 142,877,000 | 153,952,000 | 156,125,000 |
| Interest-bearing deposits | 113,994,000 | 121,907,000 | 130,045,000 | 130,430,000 |
| Noninterest-bearing deposits | 15,826,000 | 20,969,000 | 23,907,000 | 25,696,000 |
| Equity capital | 15,310,000 | 15,515,000 | 15,420,000 | 15,731,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,637,000 | 3,357,000 | 5,177,000 | 7,185,000 |
| Interest expense | 593,000 | 1,203,000 | 1,785,000 | 2,376,000 |
| Net interest income | 1,044,000 | 2,154,000 | 3,392,000 | 4,809,000 |
| Noninterest income | 163,000 | 355,000 | 564,000 | 800,000 |
| Noninterest expense | 954,000 | 1,900,000 | 2,902,000 | 4,109,000 |
| Provision for loan losses | 45,000 | 125,000 | 225,000 | 353,000 |
| Pretax income | 238,000 | 514,000 | 874,000 | 1,196,000 |
| Income tax | 76,000 | 161,000 | 308,000 | 419,000 |
| Net income | 162,000 | 353,000 | 566,000 | 777,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,044,000 | 15,235,000 | 15,448,000 | 15,658,000 |
| Total capital | 16,277,000 | 16,548,000 | 16,861,000 | 17,199,000 |
| Risk-weighted assets | 126,865,000 | 140,293,000 | 155,551,000 | 168,475,000 |