Call reports 2008
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2008
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 342,693,000 | 361,693,000 | 368,583,000 | 372,222,000 |
| Total loans | 310,731,000 | 329,678,000 | 328,614,000 | 342,273,000 |
| Allowance for loan losses | 3,308,000 | 3,405,000 | 3,731,000 | 3,807,000 |
| Securities available for sale | 19,897,000 | 18,847,000 | 16,464,000 | 17,905,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 281,669,000 | 291,038,000 | 317,206,000 | 321,818,000 |
| Interest-bearing deposits | 243,380,000 | 251,625,000 | 274,838,000 | 278,174,000 |
| Noninterest-bearing deposits | 38,289,000 | 39,412,000 | 42,368,000 | 43,644,000 |
| Equity capital | 39,898,000 | 40,197,000 | 40,748,000 | 40,754,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,467,000 | 10,256,000 | 15,255,000 | 19,969,000 |
| Interest expense | 2,329,000 | 4,391,000 | 6,502,000 | 8,547,000 |
| Net interest income | 3,138,000 | 5,865,000 | 8,753,000 | 11,422,000 |
| Noninterest income | 427,000 | 901,000 | 1,350,000 | 1,758,000 |
| Noninterest expense | 2,032,000 | 4,187,000 | 6,262,000 | 8,105,000 |
| Provision for loan losses | 90,000 | 255,000 | 655,000 | 1,865,000 |
| Pretax income | 1,443,000 | 2,324,000 | 3,186,000 | 3,210,000 |
| Income tax | 548,000 | 887,000 | 1,206,000 | 1,209,000 |
| Net income | 895,000 | 1,437,000 | 1,980,000 | 2,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,744,000 | 40,287,000 | 40,829,000 | 40,650,000 |
| Total capital | 43,052,000 | 43,692,000 | 44,560,000 | 44,457,000 |
| Risk-weighted assets | 357,225,000 | 371,277,000 | 374,810,000 | 385,654,000 |