Call reports 2013
CORNERSTONE NATIONAL BANK & TRUST COMPANY — 2013
What CORNERSTONE NATIONAL BANK & TRUST COMPANY reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 436,485,000 | 436,457,000 | 448,471,000 | 451,199,000 |
| Total loans | 309,816,000 | 309,545,000 | 306,308,000 | 304,805,000 |
| Allowance for loan losses | 7,531,000 | 7,853,000 | 8,135,000 | 7,797,000 |
| Securities available for sale | 70,964,000 | 78,475,000 | 93,136,000 | 113,574,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 384,254,000 | 385,806,000 | 390,982,000 | 397,346,000 |
| Interest-bearing deposits | 301,370,000 | 300,186,000 | 302,589,000 | 306,911,000 |
| Noninterest-bearing deposits | 82,885,000 | 85,620,000 | 88,393,000 | 90,435,000 |
| Equity capital | 45,351,000 | 44,784,000 | 46,185,000 | 46,795,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,855,000 | 7,769,000 | 11,705,000 | 15,734,000 |
| Interest expense | 440,000 | 869,000 | 1,299,000 | 1,699,000 |
| Net interest income | 3,415,000 | 6,900,000 | 10,406,000 | 14,035,000 |
| Noninterest income | 1,406,000 | 2,419,000 | 3,820,000 | 4,782,000 |
| Noninterest expense | 3,255,000 | 6,647,000 | 9,639,000 | 12,814,000 |
| Provision for loan losses | 900,000 | 1,350,000 | 1,350,000 | 1,350,000 |
| Pretax income | 666,000 | 1,322,000 | 3,237,000 | 4,653,000 |
| Income tax | 245,000 | 612,000 | 1,235,000 | 1,810,000 |
| Net income | 421,000 | 710,000 | 2,002,000 | 2,843,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,996,000 | 45,286,000 | 46,577,000 | 47,419,000 |
| Total capital | 49,257,000 | 49,633,000 | 51,020,000 | 51,964,000 |
| Risk-weighted assets | 337,582,000 | 344,274,000 | 351,735,000 | 360,334,000 |