Call reports 2010
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2010
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 399,353,000 | 406,986,000 | 417,637,000 | 414,695,000 |
| Total loans | 320,029,000 | 316,892,000 | 318,221,000 | 335,305,000 |
| Allowance for loan losses | 4,839,000 | 5,437,000 | 5,634,000 | 4,803,000 |
| Securities available for sale | 29,896,000 | 24,181,000 | 16,867,000 | 20,439,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 353,021,000 | 359,282,000 | 369,082,000 | 366,093,000 |
| Interest-bearing deposits | 309,816,000 | 315,334,000 | 316,458,000 | 312,877,000 |
| Noninterest-bearing deposits | 43,205,000 | 43,948,000 | 52,624,000 | 53,216,000 |
| Equity capital | 40,456,000 | 40,859,000 | 41,134,000 | 41,139,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 4,408,000 | 8,917,000 | 13,284,000 | 17,838,000 |
| Interest expense | 1,097,000 | 2,154,000 | 3,138,000 | 4,012,000 |
| Net interest income | 3,311,000 | 6,763,000 | 10,146,000 | 13,826,000 |
| Noninterest income | 406,000 | 992,000 | 1,500,000 | 2,101,000 |
| Noninterest expense | 2,548,000 | 5,175,000 | 7,888,000 | 10,894,000 |
| Provision for loan losses | 975,000 | 1,775,000 | 2,575,000 | 3,622,000 |
| Pretax income | 194,000 | 805,000 | 1,183,000 | 1,411,000 |
| Income tax | 64,000 | 290,000 | 428,000 | 507,000 |
| Net income | 130,000 | 515,000 | 755,000 | 904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,271,000 | 40,657,000 | 40,897,000 | 41,047,000 |
| Total capital | 44,578,000 | 44,915,000 | 45,210,000 | 45,554,000 |
| Risk-weighted assets | 344,020,000 | 339,307,000 | 343,740,000 | 360,235,000 |