Call reports 2006
CORNERSTONE BANK — 2006
What CORNERSTONE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 151,485,000 | 158,289,000 | 166,347,000 | 171,004,000 |
| Total loans | 113,718,000 | 115,756,000 | 115,635,000 | 120,619,000 |
| Allowance for loan losses | 1,674,000 | 1,587,000 | 1,644,000 | 1,687,000 |
| Securities available for sale | 13,005,000 | 22,660,000 | 27,698,000 | 29,685,000 |
| Securities held to maturity | 6,079,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,950,000 | 134,344,000 | 141,565,000 | 144,776,000 |
| Interest-bearing deposits | 116,775,000 | 123,936,000 | 129,041,000 | 132,780,000 |
| Noninterest-bearing deposits | 11,175,000 | 10,408,000 | 12,524,000 | 11,996,000 |
| Equity capital | 15,579,000 | 15,690,000 | 16,200,000 | 16,660,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,606,000 | 5,362,000 | 8,286,000 | 11,320,000 |
| Interest expense | 1,113,000 | 2,337,000 | 3,729,000 | 5,200,000 |
| Net interest income | 1,493,000 | 3,025,000 | 4,557,000 | 6,120,000 |
| Noninterest income | 234,000 | 498,000 | 712,000 | 1,042,000 |
| Noninterest expense | 886,000 | 1,915,000 | 2,928,000 | 4,112,000 |
| Provision for loan losses | 395,000 | 727,000 | 738,000 | 942,000 |
| Pretax income | 446,000 | 881,000 | 1,603,000 | 2,095,000 |
| Income tax | 115,000 | 207,000 | 409,000 | 524,000 |
| Net income | 331,000 | 674,000 | 1,194,000 | 1,571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,761,000 | 16,018,000 | 16,437,000 | 16,715,000 |
| Total capital | 17,149,000 | 17,507,000 | 17,962,000 | 18,306,000 |
| Risk-weighted assets | 110,737,000 | 119,057,000 | 121,868,000 | 127,148,000 |