Call reports 2003
CORNERSTONE BANK — 2003
What CORNERSTONE BANK 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 | 252,563,000 | 256,101,000 | 256,564,000 | 255,620,000 |
| Total loans | 179,806,000 | 171,344,000 | 167,354,000 | 176,084,000 |
| Allowance for loan losses | 863,000 | 832,000 | 787,000 | 760,000 |
| Securities available for sale | 4,709,000 | 6,146,000 | 6,193,000 | 1,809,000 |
| Securities held to maturity | 38,794,000 | 47,902,000 | 52,075,000 | 54,383,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 214,063,000 | 217,104,000 | 216,698,000 | 213,541,000 |
| Interest-bearing deposits | 203,079,000 | 204,580,000 | 203,917,000 | 202,178,000 |
| Noninterest-bearing deposits | 10,984,000 | 12,524,000 | 12,781,000 | 11,363,000 |
| Equity capital | 35,970,000 | 37,043,000 | 37,825,000 | 38,284,000 |
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 | 3,728,000 | 7,369,000 | 10,799,000 | 13,933,000 |
| Interest expense | 974,000 | 1,862,000 | 2,676,000 | 3,417,000 |
| Net interest income | 2,754,000 | 5,507,000 | 8,123,000 | 10,516,000 |
| Noninterest income | 298,000 | 621,000 | 893,000 | 1,284,000 |
| Noninterest expense | 1,799,000 | 3,586,000 | 5,417,000 | 7,463,000 |
| Provision for loan losses | 10,000 | 20,000 | 20,000 | 20,000 |
| Pretax income | 1,243,000 | 2,487,000 | 3,525,000 | 4,246,000 |
| Income tax | 935,000 | 1,211,000 | 1,541,000 | 1,853,000 |
| Net income | 308,000 | 1,276,000 | 1,984,000 | 2,393,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,970,000 | 37,043,000 | 37,825,000 | 38,284,000 |
| Total capital | 36,833,000 | 37,875,000 | 38,612,000 | 39,044,000 |
| Risk-weighted assets | 163,680,000 | 168,820,000 | 169,941,000 | 169,432,000 |