Call reports 2005
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2005
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 241,535,000 | 246,708,000 | 264,263,000 | 293,141,000 |
| Total loans | 203,208,000 | 214,365,000 | 220,355,000 | 235,847,000 |
| Allowance for loan losses | 2,155,000 | 2,260,000 | 2,365,000 | 2,490,000 |
| Securities available for sale | 23,847,000 | 20,071,000 | 19,085,000 | 26,087,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 203,338,000 | 210,169,000 | 222,733,000 | 249,358,000 |
| Interest-bearing deposits | 171,675,000 | 172,823,000 | 186,703,000 | 205,554,000 |
| Noninterest-bearing deposits | 31,664,000 | 37,345,000 | 36,030,000 | 43,804,000 |
| Equity capital | 27,148,000 | 27,851,000 | 30,007,000 | 30,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 3,220,000 | 6,705,000 | 10,748,000 | 15,372,000 |
| Interest expense | 996,000 | 2,132,000 | 3,531,000 | 5,265,000 |
| Net interest income | 2,224,000 | 4,573,000 | 7,217,000 | 10,107,000 |
| Noninterest income | 332,000 | 669,000 | 1,032,000 | 1,413,000 |
| Noninterest expense | 1,529,000 | 3,118,000 | 4,865,000 | 6,685,000 |
| Provision for loan losses | 105,000 | 210,000 | 315,000 | 440,000 |
| Pretax income | 887,000 | 1,841,000 | 2,987,000 | 4,313,000 |
| Income tax | 305,000 | 661,000 | 1,102,000 | 1,612,000 |
| Net income | 582,000 | 1,180,000 | 1,885,000 | 2,701,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,290,000 | 27,889,000 | 30,094,000 | 30,910,000 |
| Total capital | 29,445,000 | 30,149,000 | 32,459,000 | 33,400,000 |
| Risk-weighted assets | 237,617,000 | 249,461,000 | 258,561,000 | 280,778,000 |