Call reports 2004
CORNERSTONE BANK — 2004
What CORNERSTONE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 260,697,000 | 263,833,000 | 268,708,000 | 270,947,000 |
| Total loans | 178,328,000 | 184,471,000 | 191,808,000 | 200,543,000 |
| Allowance for loan losses | 737,000 | 772,000 | 773,000 | 795,000 |
| Securities available for sale | 1,311,000 | 3,329,000 | 1,779,000 | 1,470,000 |
| Securities held to maturity | 49,847,000 | 51,159,000 | 44,953,000 | 41,167,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 214,852,000 | 217,588,000 | 221,995,000 | 214,331,000 |
| Interest-bearing deposits | 203,194,000 | 205,287,000 | 207,866,000 | 203,345,000 |
| Noninterest-bearing deposits | 11,658,000 | 12,301,000 | 14,129,000 | 10,986,000 |
| Equity capital | 38,781,000 | 39,284,000 | 39,763,000 | 40,378,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,106,000 | 6,210,000 | 9,320,000 | 12,560,000 |
| Interest expense | 693,000 | 1,353,000 | 2,016,000 | 2,696,000 |
| Net interest income | 2,413,000 | 4,857,000 | 7,304,000 | 9,864,000 |
| Noninterest income | 281,000 | 592,000 | 895,000 | 1,246,000 |
| Noninterest expense | 1,878,000 | 3,784,000 | 5,675,000 | 7,882,000 |
| Provision for loan losses | 30,000 | 90,000 | 135,000 | 165,000 |
| Pretax income | 786,000 | 1,575,000 | 2,396,000 | 3,053,000 |
| Income tax | 290,000 | 584,000 | 889,000 | 1,127,000 |
| Net income | 496,000 | 991,000 | 1,507,000 | 1,926,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,781,000 | 39,284,000 | 39,763,000 | 40,366,000 |
| Total capital | 39,518,000 | 40,056,000 | 40,536,000 | 41,179,000 |
| Risk-weighted assets | 169,524,000 | 173,812,000 | 175,442,000 | 182,983,000 |