Call reports 2004
CORNERSTONE BANK — 2004
What CORNERSTONE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 101,025,000 | 103,271,000 | 111,255,000 | 119,892,000 |
| Total loans | 76,027,000 | 80,638,000 | 86,151,000 | 89,330,000 |
| Allowance for loan losses | 1,199,000 | 1,115,000 | 1,270,000 | 1,216,000 |
| Securities available for sale | 11,006,000 | 12,435,000 | 11,246,000 | 10,908,000 |
| Securities held to maturity | 0 | 0 | 1,224,000 | 1,663,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,568,000 | 91,570,000 | 97,061,000 | 108,624,000 |
| Interest-bearing deposits | 83,438,000 | 85,732,000 | 90,236,000 | 92,421,000 |
| Noninterest-bearing deposits | 5,130,000 | 5,838,000 | 6,825,000 | 16,203,000 |
| Equity capital | 8,880,000 | 8,870,000 | 9,203,000 | 9,396,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,129,000 | 2,326,000 | 3,640,000 | 5,102,000 |
| Interest expense | 452,000 | 906,000 | 1,386,000 | 1,920,000 |
| Net interest income | 677,000 | 1,420,000 | 2,254,000 | 3,182,000 |
| Noninterest income | 202,000 | 365,000 | 541,000 | 736,000 |
| Noninterest expense | 546,000 | 1,127,000 | 1,733,000 | 2,345,000 |
| Provision for loan losses | 171,000 | 254,000 | 411,000 | 614,000 |
| Pretax income | 162,000 | 389,000 | 636,000 | 947,000 |
| Income tax | 31,000 | 103,000 | 171,000 | 265,000 |
| Net income | 131,000 | 286,000 | 465,000 | 682,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,819,000 | 8,975,000 | 9,153,000 | 9,370,000 |
| Total capital | 9,730,000 | 9,944,000 | 10,189,000 | 10,449,000 |
| Risk-weighted assets | 72,567,000 | 77,378,000 | 82,616,000 | 86,145,000 |