Call reports 2002
CORNERSTONE BANK — 2002
What CORNERSTONE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 242,720,000 | 246,938,000 | 250,223,000 | 247,701,000 |
| Total loans | 180,662,000 | 181,218,000 | 186,436,000 | 185,599,000 |
| Allowance for loan losses | 837,000 | 842,000 | 857,000 | 897,000 |
| Securities available for sale | 4,535,000 | 5,946,000 | 4,157,000 | 2,753,000 |
| Securities held to maturity | 32,884,000 | 35,765,000 | 37,144,000 | 36,046,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,095,000 | 205,895,000 | 209,593,000 | 208,596,000 |
| Interest-bearing deposits | 190,285,000 | 193,448,000 | 200,106,000 | 198,813,000 |
| Noninterest-bearing deposits | 9,810,000 | 12,447,000 | 9,487,000 | 9,783,000 |
| Equity capital | 33,873,000 | 34,520,000 | 35,050,000 | 35,697,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 3,750,000 | 7,446,000 | 11,202,000 | 15,003,000 |
| Interest expense | 1,250,000 | 2,413,000 | 3,579,000 | 4,659,000 |
| Net interest income | 2,500,000 | 5,033,000 | 7,623,000 | 10,344,000 |
| Noninterest income | 213,000 | 453,000 | 704,000 | 1,050,000 |
| Noninterest expense | 1,609,000 | 3,268,000 | 4,961,000 | 6,973,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 1,062,000 | 2,146,000 | 3,264,000 | 4,160,000 |
| Income tax | 365,000 | 736,000 | 1,119,000 | 1,469,000 |
| Net income | 697,000 | 1,410,000 | 2,145,000 | 2,691,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,873,000 | 34,520,000 | 35,050,000 | 35,697,000 |
| Total capital | 34,710,000 | 35,362,000 | 35,907,000 | 36,594,000 |
| Risk-weighted assets | 159,238,000 | 160,682,000 | 159,735,000 | 159,040,000 |