Call reports 2003
CORNERSTONE BANK — 2003
What CORNERSTONE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 86,098,000 | 91,315,000 | 94,416,000 | 98,674,000 |
| Total loans | 60,485,000 | 66,475,000 | 68,247,000 | 73,187,000 |
| Allowance for loan losses | 895,000 | 975,000 | 1,004,000 | 1,033,000 |
| Securities available for sale | 13,861,000 | 12,270,000 | 11,723,000 | 11,304,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,420,000 | 80,474,000 | 83,471,000 | 87,371,000 |
| Interest-bearing deposits | 71,501,000 | 75,255,000 | 78,141,000 | 79,295,000 |
| Noninterest-bearing deposits | 3,919,000 | 5,219,000 | 5,330,000 | 8,076,000 |
| Equity capital | 8,152,000 | 8,340,000 | 8,545,000 | 8,716,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 999,000 | 2,061,000 | 3,153,000 | 4,287,000 |
| Interest expense | 433,000 | 901,000 | 1,374,000 | 1,845,000 |
| Net interest income | 566,000 | 1,160,000 | 1,779,000 | 2,442,000 |
| Noninterest income | 255,000 | 514,000 | 772,000 | 1,008,000 |
| Noninterest expense | 579,000 | 1,157,000 | 1,739,000 | 2,251,000 |
| Provision for loan losses | 44,000 | 124,000 | 152,000 | 374,000 |
| Pretax income | 198,000 | 393,000 | 676,000 | 841,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 198,000 | 393,000 | 676,000 | 841,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,045,000 | 8,240,000 | 8,524,000 | 8,688,000 |
| Total capital | 8,790,000 | 9,058,000 | 9,369,000 | 9,581,000 |
| Risk-weighted assets | 59,461,000 | 65,312,000 | 67,429,000 | 71,274,000 |