Call reports 2008
CORNERSTONE COMMUNITY BANK — 2008
What CORNERSTONE COMMUNITY 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 | 327,200,000 | 316,797,000 | 321,599,000 | 321,558,000 |
| Total loans | 239,236,000 | 238,611,000 | 245,087,000 | 244,947,000 |
| Allowance for loan losses | 2,794,000 | 2,773,000 | 2,696,000 | 3,236,000 |
| Securities available for sale | 53,654,000 | 52,148,000 | 47,791,000 | 48,262,000 |
| Securities held to maturity | 5,134,000 | 3,808,000 | 3,565,000 | 3,389,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 255,485,000 | 245,919,000 | 247,164,000 | 251,410,000 |
| Interest-bearing deposits | 219,741,000 | 210,345,000 | 211,772,000 | 219,413,000 |
| Noninterest-bearing deposits | 35,744,000 | 35,574,000 | 35,392,000 | 31,998,000 |
| Equity capital | 23,468,000 | 23,146,000 | 23,145,000 | 24,186,000 |
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 | 4,638,000 | 9,099,000 | 13,520,000 | 17,725,000 |
| Interest expense | 3,006,000 | 5,610,000 | 8,074,000 | 10,435,000 |
| Net interest income | 1,632,000 | 3,489,000 | 5,446,000 | 7,290,000 |
| Noninterest income | 262,000 | 525,000 | 750,000 | 1,552,000 |
| Noninterest expense | 1,741,000 | 3,386,000 | 5,051,000 | 6,903,000 |
| Provision for loan losses | 390,000 | 441,000 | 542,000 | 1,555,000 |
| Pretax income | -124,000 | 348,000 | 794,000 | 550,000 |
| Income tax | -112,000 | -7,000 | 74,000 | -490,000 |
| Net income | -12,000 | 355,000 | 720,000 | 1,040,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,564,000 | 23,890,000 | 24,254,000 | 24,534,000 |
| Total capital | 26,358,000 | 26,663,000 | 26,950,000 | 27,675,000 |
| Risk-weighted assets | 257,917,000 | 247,590,000 | 252,088,000 | 251,200,000 |