Call reports 2003
CORNERSTONE BANK, THE — 2003
What CORNERSTONE BANK, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 94,834,000 | 99,382,000 | 101,352,000 | 102,522,000 |
| Total loans | 72,508,000 | 73,884,000 | 75,138,000 | 76,054,000 |
| Allowance for loan losses | 950,000 | 1,144,000 | 1,146,000 | 1,155,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 14,103,000 | 17,364,000 | 19,002,000 | 19,299,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,460,000 | 85,952,000 | 87,481,000 | 90,163,000 |
| Interest-bearing deposits | 69,207,000 | 74,087,000 | 75,134,000 | 76,635,000 |
| Noninterest-bearing deposits | 12,253,000 | 11,865,000 | 12,347,000 | 13,528,000 |
| Equity capital | 12,862,000 | 12,704,000 | 12,920,000 | 12,062,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,746,000 | 3,613,000 | 5,535,000 | 7,553,000 |
| Interest expense | 494,000 | 974,000 | 1,452,000 | 1,914,000 |
| Net interest income | 1,252,000 | 2,639,000 | 4,083,000 | 5,639,000 |
| Noninterest income | 208,000 | 405,000 | 596,000 | 862,000 |
| Noninterest expense | 792,000 | 1,615,000 | 2,459,000 | 3,639,000 |
| Provision for loan losses | 45,000 | 389,000 | 389,000 | 489,000 |
| Pretax income | 623,000 | 1,040,000 | 1,831,000 | 2,373,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 623,000 | 1,040,000 | 1,831,000 | 2,373,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,862,000 | 12,704,000 | 12,920,000 | 12,062,000 |
| Total capital | 13,684,000 | 13,560,000 | 13,790,000 | 12,947,000 |
| Risk-weighted assets | 65,628,000 | 68,169,000 | 69,344,000 | 70,557,000 |