Call reports 2006
CORNERSTONE BANK — 2006
What CORNERSTONE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 289,745,000 | 301,102,000 | 300,810,000 | 304,986,000 |
| Total loans | 232,396,000 | 244,793,000 | 252,126,000 | 250,667,000 |
| Allowance for loan losses | 1,011,000 | 1,083,000 | 1,102,000 | 1,193,000 |
| Securities available for sale | 1,709,000 | 1,731,000 | 1,797,000 | 2,480,000 |
| Securities held to maturity | 28,717,000 | 25,030,000 | 18,930,000 | 19,797,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 223,670,000 | 226,935,000 | 220,391,000 | 228,080,000 |
| Interest-bearing deposits | 211,125,000 | 214,707,000 | 209,113,000 | 216,499,000 |
| Noninterest-bearing deposits | 12,545,000 | 12,228,000 | 11,278,000 | 11,581,000 |
| Equity capital | 43,141,000 | 43,883,000 | 44,621,000 | 45,783,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 3,809,000 | 7,886,000 | 12,238,000 | 16,585,000 |
| Interest expense | 1,173,000 | 2,518,000 | 4,033,000 | 5,711,000 |
| Net interest income | 2,636,000 | 5,368,000 | 8,205,000 | 10,874,000 |
| Noninterest income | 462,000 | 933,000 | 1,393,000 | 1,961,000 |
| Noninterest expense | 2,049,000 | 3,977,000 | 6,015,000 | 8,073,000 |
| Provision for loan losses | 60,000 | 135,000 | 225,000 | 330,000 |
| Pretax income | 998,000 | 2,214,000 | 3,384,000 | 4,444,000 |
| Income tax | 408,000 | 879,000 | 1,347,000 | 1,698,000 |
| Net income | 590,000 | 1,335,000 | 2,037,000 | 2,746,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,112,000 | 43,856,000 | 44,559,000 | 45,665,000 |
| Total capital | 44,152,000 | 44,966,000 | 45,703,000 | 46,939,000 |
| Risk-weighted assets | 199,157,000 | 205,985,000 | 209,651,000 | 203,311,000 |