Call reports 2002
CORNERSTONE BANK — 2002
What CORNERSTONE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 56,948,000 | 63,461,000 | 70,762,000 | 74,981,000 |
| Total loans | 42,902,000 | 50,349,000 | 52,244,000 | 58,649,000 |
| Allowance for loan losses | 612,000 | 718,000 | 769,000 | 845,000 |
| Securities available for sale | 9,532,000 | 8,864,000 | 10,341,000 | 10,190,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,692,000 | 57,928,000 | 62,140,000 | 65,519,000 |
| Interest-bearing deposits | 48,520,000 | 52,837,000 | 58,248,000 | 61,421,000 |
| Noninterest-bearing deposits | 3,172,000 | 5,091,000 | 3,892,000 | 4,098,000 |
| Equity capital | 5,087,000 | 5,267,000 | 7,043,000 | 7,909,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 779,000 | 1,664,000 | 2,617,000 | 3,629,000 |
| Interest expense | 342,000 | 703,000 | 1,111,000 | 1,533,000 |
| Net interest income | 437,000 | 961,000 | 1,506,000 | 2,096,000 |
| Noninterest income | 101,000 | 227,000 | 514,000 | 805,000 |
| Noninterest expense | 402,000 | 833,000 | 1,380,000 | 1,978,000 |
| Provision for loan losses | 89,000 | 219,000 | 285,000 | 391,000 |
| Pretax income | 44,000 | 133,000 | 352,000 | 529,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 44,000 | 133,000 | 352,000 | 529,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,119,000 | 5,208,000 | 6,949,000 | 7,847,000 |
| Total capital | 5,688,000 | 5,861,000 | 7,624,000 | 8,582,000 |
| Risk-weighted assets | 45,472,000 | 52,414,000 | 53,886,000 | 58,664,000 |