Call reports 2007
CORNERSTONE BANK — 2007
What CORNERSTONE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 177,916,000 | 183,633,000 | 190,213,000 | 193,932,000 |
| Total loans | 130,743,000 | 131,857,000 | 128,580,000 | 130,860,000 |
| Allowance for loan losses | 1,852,000 | 2,044,000 | 2,046,000 | 2,001,000 |
| Securities available for sale | 31,769,000 | 31,502,000 | 37,098,000 | 39,729,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,832,000 | 158,353,000 | 163,926,000 | 166,492,000 |
| Interest-bearing deposits | 141,333,000 | 147,143,000 | 152,356,000 | 152,160,000 |
| Noninterest-bearing deposits | 11,499,000 | 11,210,000 | 11,570,000 | 14,332,000 |
| Equity capital | 17,056,000 | 16,880,000 | 17,699,000 | 17,986,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,109,000 | 6,315,000 | 9,666,000 | 12,854,000 |
| Interest expense | 1,521,000 | 3,150,000 | 4,909,000 | 6,589,000 |
| Net interest income | 1,588,000 | 3,165,000 | 4,757,000 | 6,265,000 |
| Noninterest income | 255,000 | 561,000 | 870,000 | 1,082,000 |
| Noninterest expense | 1,095,000 | 2,230,000 | 3,479,000 | 4,777,000 |
| Provision for loan losses | 187,000 | 404,000 | 421,000 | 489,000 |
| Pretax income | 561,000 | 1,092,000 | 1,727,000 | 2,081,000 |
| Income tax | 142,000 | 347,000 | 533,000 | 615,000 |
| Net income | 419,000 | 745,000 | 1,194,000 | 1,466,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,084,000 | 17,285,000 | 17,734,000 | 17,906,000 |
| Total capital | 18,791,000 | 19,098,000 | 19,541,000 | 19,765,000 |
| Risk-weighted assets | 136,437,000 | 144,826,000 | 144,340,000 | 148,542,000 |