Call reports 2007
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2007
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 315,957,000 | 347,272,000 | 346,108,000 | 338,943,000 |
| Total loans | 286,448,000 | 305,604,000 | 293,567,000 | 299,211,000 |
| Allowance for loan losses | 3,050,000 | 3,141,000 | 3,178,000 | 3,268,000 |
| Securities available for sale | 17,434,000 | 17,638,000 | 26,435,000 | 22,156,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 267,932,000 | 301,872,000 | 297,752,000 | 286,531,000 |
| Interest-bearing deposits | 231,485,000 | 261,192,000 | 257,725,000 | 244,227,000 |
| Noninterest-bearing deposits | 36,447,000 | 40,681,000 | 40,028,000 | 42,304,000 |
| Equity capital | 35,724,000 | 36,669,000 | 37,918,000 | 38,843,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 5,682,000 | 11,674,000 | 17,976,000 | 23,855,000 |
| Interest expense | 2,429,000 | 5,098,000 | 7,978,000 | 10,707,000 |
| Net interest income | 3,253,000 | 6,576,000 | 9,998,000 | 13,148,000 |
| Noninterest income | 387,000 | 806,000 | 1,240,000 | 1,654,000 |
| Noninterest expense | 1,991,000 | 3,971,000 | 5,983,000 | 8,079,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 1,559,000 | 3,231,000 | 4,985,000 | 6,363,000 |
| Income tax | 596,000 | 1,234,000 | 1,903,000 | 2,424,000 |
| Net income | 963,000 | 1,997,000 | 3,082,000 | 3,939,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,873,000 | 36,907,000 | 37,992,000 | 38,849,000 |
| Total capital | 38,924,000 | 40,048,000 | 41,170,000 | 42,117,000 |
| Risk-weighted assets | 334,087,000 | 353,635,000 | 343,173,000 | 345,419,000 |