Call reports 2004
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2004
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 201,341,000 | 218,669,000 | 218,530,000 | 237,771,000 |
| Total loans | 139,826,000 | 165,018,000 | 178,011,000 | 197,733,000 |
| Allowance for loan losses | 1,631,000 | 1,721,000 | 1,855,000 | 2,050,000 |
| Securities available for sale | 41,120,000 | 31,061,000 | 29,398,000 | 28,096,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,991,000 | 181,764,000 | 180,251,000 | 196,406,000 |
| Interest-bearing deposits | 136,046,000 | 149,613,000 | 149,717,000 | 163,614,000 |
| Noninterest-bearing deposits | 25,946,000 | 32,151,000 | 30,535,000 | 32,792,000 |
| Equity capital | 25,712,000 | 25,628,000 | 26,395,000 | 26,711,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,083,000 | 4,338,000 | 6,886,000 | 9,838,000 |
| Interest expense | 588,000 | 1,162,000 | 1,816,000 | 2,588,000 |
| Net interest income | 1,495,000 | 3,176,000 | 5,070,000 | 7,250,000 |
| Noninterest income | 227,000 | 491,000 | 792,000 | 1,125,000 |
| Noninterest expense | 1,149,000 | 2,396,000 | 3,727,000 | 5,413,000 |
| Provision for loan losses | 90,000 | 180,000 | 314,000 | 509,000 |
| Pretax income | 485,000 | 1,091,000 | 1,822,000 | 2,454,000 |
| Income tax | 176,000 | 399,000 | 671,000 | 903,000 |
| Net income | 309,000 | 692,000 | 1,151,000 | 1,551,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,466,000 | 25,850,000 | 26,309,000 | 26,709,000 |
| Total capital | 27,097,000 | 27,571,000 | 28,164,000 | 28,759,000 |
| Risk-weighted assets | 178,589,000 | 201,378,000 | 211,111,000 | 230,029,000 |