Call reports 2008
FIRST CORNERSTONE BANK — 2008
What FIRST 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 | 188,471,000 | 197,172,000 | 204,636,000 | 206,555,000 |
| Total loans | 158,147,000 | 170,451,000 | 180,196,000 | 181,319,000 |
| Allowance for loan losses | 1,288,000 | 1,346,000 | 1,390,000 | 1,406,000 |
| Securities available for sale | 17,190,000 | 17,190,000 | 17,206,000 | 17,341,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 157,089,000 | 161,075,000 | 163,258,000 | 165,002,000 |
| Interest-bearing deposits | 149,723,000 | 153,647,000 | 155,983,000 | 157,969,000 |
| Noninterest-bearing deposits | 7,366,000 | 7,428,000 | 7,275,000 | 7,033,000 |
| Equity capital | 14,421,000 | 14,296,000 | 14,468,000 | 14,614,000 |
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 | 3,047,000 | 6,170,000 | 9,437,000 | 12,595,000 |
| Interest expense | 1,999,000 | 3,939,000 | 5,926,000 | 7,922,000 |
| Net interest income | 1,048,000 | 2,231,000 | 3,511,000 | 4,673,000 |
| Noninterest income | 23,000 | 42,000 | 60,000 | 78,000 |
| Noninterest expense | 961,000 | 1,986,000 | 3,099,000 | 4,261,000 |
| Provision for loan losses | 28,000 | 86,000 | 130,000 | 146,000 |
| Pretax income | 82,000 | 201,000 | 359,000 | 124,000 |
| Income tax | 28,000 | 68,000 | 122,000 | 42,000 |
| Net income | 54,000 | 133,000 | 237,000 | 82,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,111,000 | 14,104,000 | 14,362,000 | 14,402,000 |
| Total capital | 15,399,000 | 15,450,000 | 15,752,000 | 15,808,000 |
| Risk-weighted assets | 145,725,000 | 158,435,000 | 164,585,000 | 167,582,000 |