Call reports 2008
CORNERSTONE BANK, THE — 2008
What CORNERSTONE BANK, THE 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 | 110,892,000 | 114,171,000 | 112,105,000 | 109,677,000 |
| Total loans | 84,237,000 | 82,385,000 | 82,625,000 | 84,429,000 |
| Allowance for loan losses | 1,004,000 | 971,000 | 988,000 | 1,006,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 16,792,000 | 17,962,000 | 19,580,000 | 18,074,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,397,000 | 99,209,000 | 96,541,000 | 95,316,000 |
| Interest-bearing deposits | 82,796,000 | 84,040,000 | 82,398,000 | 80,970,000 |
| Noninterest-bearing deposits | 13,601,000 | 15,169,000 | 14,143,000 | 14,346,000 |
| Equity capital | 13,638,000 | 13,847,000 | 14,173,000 | 14,001,000 |
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 | 2,165,000 | 4,354,000 | 6,529,000 | 8,659,000 |
| Interest expense | 896,000 | 1,710,000 | 2,483,000 | 3,207,000 |
| Net interest income | 1,269,000 | 2,644,000 | 4,046,000 | 5,452,000 |
| Noninterest income | 192,000 | 350,000 | 550,000 | 729,000 |
| Noninterest expense | 878,000 | 1,951,000 | 2,917,000 | 4,294,000 |
| Provision for loan losses | 0 | 0 | 60,000 | 140,000 |
| Pretax income | 583,000 | 1,043,000 | 1,619,000 | 1,747,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | 583,000 | 1,042,000 | 1,618,000 | 1,746,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,638,000 | 13,847,000 | 14,173,000 | 14,001,000 |
| Total capital | 14,584,000 | 14,788,000 | 15,111,000 | 14,962,000 |
| Risk-weighted assets | 75,635,000 | 75,219,000 | 74,997,000 | 76,870,000 |