Call reports 2008
CORNERSTONE BANK — 2008
What CORNERSTONE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 335,936,000 | 342,936,000 | 352,973,000 | 372,459,000 |
| Total loans | 278,387,000 | 287,805,000 | 302,963,000 | 311,890,000 |
| Allowance for loan losses | 1,498,000 | 1,510,000 | 1,423,000 | 1,505,000 |
| Securities available for sale | 2,542,000 | 2,472,000 | 2,461,000 | 2,146,000 |
| Securities held to maturity | 18,342,000 | 19,797,000 | 18,752,000 | 18,469,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 222,404,000 | 239,882,000 | 237,733,000 | 249,757,000 |
| Interest-bearing deposits | 212,177,000 | 228,077,000 | 225,599,000 | 238,995,000 |
| Noninterest-bearing deposits | 10,227,000 | 11,805,000 | 12,134,000 | 10,762,000 |
| Equity capital | 48,815,000 | 49,332,000 | 48,727,000 | 49,309,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 4,873,000 | 9,636,000 | 14,546,000 | 19,589,000 |
| Interest expense | 2,044,000 | 4,061,000 | 5,999,000 | 7,947,000 |
| Net interest income | 2,829,000 | 5,575,000 | 8,547,000 | 11,642,000 |
| Noninterest income | 482,000 | 986,000 | 1,526,000 | 2,613,000 |
| Noninterest expense | 2,120,000 | 4,327,000 | 7,165,000 | 10,295,000 |
| Provision for loan losses | 105,000 | 225,000 | 345,000 | 525,000 |
| Pretax income | 1,071,000 | 1,992,000 | 2,546,000 | 3,386,000 |
| Income tax | 422,000 | 773,000 | 953,000 | 1,064,000 |
| Net income | 649,000 | 1,219,000 | 1,593,000 | 2,322,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,727,000 | 49,297,000 | 48,749,000 | 49,309,000 |
| Total capital | 50,285,000 | 50,831,000 | 50,187,000 | 50,814,000 |
| Risk-weighted assets | 234,298,000 | 237,476,000 | 245,084,000 | 255,401,000 |