Call reports 2008
CORNERBANK — 2008
What CORNERBANK 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 | 250,715,000 | 250,688,000 | 232,986,000 | 239,063,000 |
| Total loans | 161,737,000 | 162,719,000 | 148,547,000 | 145,223,000 |
| Allowance for loan losses | 2,427,000 | 2,384,000 | 1,615,000 | 2,238,000 |
| Securities available for sale | 69,030,000 | 71,555,000 | 70,288,000 | 79,504,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 214,332,000 | 203,116,000 | 190,518,000 | 179,913,000 |
| Interest-bearing deposits | 192,203,000 | 183,985,000 | 170,078,000 | 159,670,000 |
| Noninterest-bearing deposits | 22,129,000 | 19,131,000 | 20,440,000 | 20,243,000 |
| Equity capital | 20,088,000 | 19,235,000 | 21,125,000 | 20,825,000 |
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 | 4,060,000 | 7,783,000 | 11,262,000 | 14,454,000 |
| Interest expense | 1,793,000 | 3,364,000 | 4,734,000 | 5,753,000 |
| Net interest income | 2,267,000 | 4,419,000 | 6,528,000 | 8,701,000 |
| Noninterest income | 927,000 | 1,765,000 | 2,667,000 | 3,487,000 |
| Noninterest expense | 2,287,000 | 4,610,000 | 7,141,000 | 9,804,000 |
| Provision for loan losses | 16,000 | 32,000 | 372,000 | 1,308,000 |
| Pretax income | 891,000 | 1,542,000 | 1,731,000 | 1,004,000 |
| Income tax | 56,000 | 96,000 | 124,000 | 127,000 |
| Net income | 835,000 | 1,446,000 | 1,607,000 | 877,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,208,000 | 19,469,000 | 21,035,000 | 20,162,000 |
| Total capital | 21,537,000 | 21,821,000 | 22,650,000 | 22,298,000 |
| Risk-weighted assets | 186,198,000 | 188,108,000 | 171,779,000 | 170,776,000 |