Call reports 2008
CORNERSTONE BANK — 2008
What CORNERSTONE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 203,839,000 | 202,531,000 | 203,994,000 | 204,525,000 |
| Total loans | 139,509,000 | 139,950,000 | 146,428,000 | 145,895,000 |
| Allowance for loan losses | 2,045,000 | 2,175,000 | 1,763,000 | 2,532,000 |
| Securities available for sale | 43,758,000 | 41,709,000 | 40,435,000 | 40,075,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,073,000 | 153,340,000 | 160,788,000 | 161,101,000 |
| Interest-bearing deposits | 145,712,000 | 140,807,000 | 149,097,000 | 149,086,000 |
| Noninterest-bearing deposits | 12,361,000 | 12,533,000 | 11,691,000 | 12,015,000 |
| Equity capital | 17,542,000 | 16,840,000 | 16,852,000 | 16,702,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,941,000 | 5,771,000 | 8,539,000 | 11,061,000 |
| Interest expense | 1,430,000 | 2,712,000 | 4,012,000 | 5,339,000 |
| Net interest income | 1,511,000 | 3,059,000 | 4,527,000 | 5,722,000 |
| Noninterest income | 289,000 | 570,000 | 809,000 | 1,113,000 |
| Noninterest expense | 1,425,000 | 2,760,000 | 4,055,000 | 5,504,000 |
| Provision for loan losses | 79,000 | 1,131,000 | 1,261,000 | 2,718,000 |
| Pretax income | 306,000 | -252,000 | 30,000 | -1,354,000 |
| Income tax | 58,000 | -220,000 | -177,000 | -810,000 |
| Net income | 248,000 | -32,000 | 207,000 | -544,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,329,000 | 17,024,000 | 17,263,000 | 16,453,000 |
| Total capital | 19,303,000 | 18,971,000 | 19,026,000 | 18,482,000 |
| Risk-weighted assets | 157,870,000 | 155,513,000 | 162,051,000 | 161,782,000 |