Call reports 2006
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2006
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 284,786,000 | 302,009,000 | 297,941,000 | 310,667,000 |
| Total loans | 248,007,000 | 263,170,000 | 266,608,000 | 278,380,000 |
| Allowance for loan losses | 2,573,000 | 2,655,000 | 2,813,000 | 2,961,000 |
| Securities available for sale | 25,288,000 | 18,491,000 | 18,517,000 | 17,777,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 235,029,000 | 259,192,000 | 253,901,000 | 267,065,000 |
| Interest-bearing deposits | 198,284,000 | 216,541,000 | 217,197,000 | 223,346,000 |
| Noninterest-bearing deposits | 36,746,000 | 42,652,000 | 36,704,000 | 43,719,000 |
| Equity capital | 31,562,000 | 32,491,000 | 33,719,000 | 34,759,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 4,806,000 | 9,937,000 | 15,369,000 | 21,000,000 |
| Interest expense | 1,815,000 | 3,893,000 | 6,151,000 | 8,528,000 |
| Net interest income | 2,991,000 | 6,044,000 | 9,218,000 | 12,472,000 |
| Noninterest income | 356,000 | 765,000 | 1,132,000 | 1,565,000 |
| Noninterest expense | 1,741,000 | 3,454,000 | 5,118,000 | 7,057,000 |
| Provision for loan losses | 83,000 | 165,000 | 323,000 | 471,000 |
| Pretax income | 1,523,000 | 3,134,000 | 4,835,000 | 6,437,000 |
| Income tax | 573,000 | 1,173,000 | 1,840,000 | 2,437,000 |
| Net income | 950,000 | 1,961,000 | 2,995,000 | 4,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,859,000 | 32,871,000 | 33,905,000 | 34,910,000 |
| Total capital | 34,432,000 | 35,526,000 | 36,718,000 | 37,871,000 |
| Risk-weighted assets | 295,230,000 | 309,913,000 | 310,149,000 | 324,806,000 |