Call reports 2007
CORNERSTONE BANK — 2007
What CORNERSTONE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 303,260,000 | 312,708,000 | 319,496,000 | 327,522,000 |
| Total loans | 256,321,000 | 266,604,000 | 272,280,000 | 275,622,000 |
| Allowance for loan losses | 1,287,000 | 1,387,000 | 1,271,000 | 1,414,000 |
| Securities available for sale | 2,494,000 | 2,589,000 | 2,657,000 | 2,624,000 |
| Securities held to maturity | 18,954,000 | 18,392,000 | 17,079,000 | 16,546,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 224,910,000 | 219,429,000 | 216,851,000 | 212,579,000 |
| Interest-bearing deposits | 212,755,000 | 208,375,000 | 205,756,000 | 202,172,000 |
| Noninterest-bearing deposits | 12,155,000 | 11,054,000 | 11,095,000 | 10,407,000 |
| Equity capital | 46,315,000 | 47,106,000 | 47,722,000 | 48,216,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 4,408,000 | 9,076,000 | 13,886,000 | 18,866,000 |
| Interest expense | 1,702,000 | 3,561,000 | 5,546,000 | 7,619,000 |
| Net interest income | 2,706,000 | 5,515,000 | 8,340,000 | 11,247,000 |
| Noninterest income | 463,000 | 1,016,000 | 1,525,000 | 2,125,000 |
| Noninterest expense | 2,186,000 | 4,235,000 | 6,472,000 | 8,980,000 |
| Provision for loan losses | 105,000 | 210,000 | 360,000 | 510,000 |
| Pretax income | 898,000 | 2,109,000 | 3,063,000 | 3,926,000 |
| Income tax | 352,000 | 820,000 | 1,186,000 | 1,512,000 |
| Net income | 546,000 | 1,289,000 | 1,877,000 | 2,414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,211,000 | 46,954,000 | 47,542,000 | 48,078,000 |
| Total capital | 47,570,000 | 48,445,000 | 48,935,000 | 49,586,000 |
| Risk-weighted assets | 212,883,000 | 223,976,000 | 230,626,000 | 233,332,000 |