Call reports 2023
CONNECT BANK — 2023
What CONNECT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 108,429,000 | 109,160,000 | 115,266,000 | 117,689,000 |
| Total loans | 70,774,000 | 72,910,000 | 75,783,000 | 71,741,000 |
| Allowance for loan losses | 1,427,000 | 1,415,000 | 1,289,000 | 1,862,000 |
| Securities available for sale | 21,408,000 | 20,432,000 | 19,341,000 | 21,436,000 |
| Securities held to maturity | 8,549,000 | 8,167,000 | 8,166,000 | 7,954,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,599,000 | 91,959,000 | 99,200,000 | 104,151,000 |
| Interest-bearing deposits | 63,020,000 | 61,577,000 | 67,597,000 | 74,485,000 |
| Noninterest-bearing deposits | 30,579,000 | 30,382,000 | 31,603,000 | 29,666,000 |
| Equity capital | 11,433,000 | 11,396,000 | 14,779,000 | 12,306,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,277,000 | 2,658,000 | 4,177,000 | 5,804,000 |
| Interest expense | 180,000 | 463,000 | 758,000 | 1,104,000 |
| Net interest income | 1,097,000 | 2,195,000 | 3,419,000 | 4,700,000 |
| Noninterest income | 187,000 | 357,000 | 4,276,000 | 4,890,000 |
| Noninterest expense | 858,000 | 1,728,000 | 2,963,000 | 3,962,000 |
| Provision for loan losses | 37,000 | 71,000 | 107,000 | 608,000 |
| Pretax income | 388,000 | 755,000 | 4,627,000 | 5,027,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 388,000 | 755,000 | 4,627,000 | 5,027,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,070,000 | 16,435,000 | 20,305,000 | 17,255,000 |
| Total capital | — | 17,440,000 | — | — |
| Risk-weighted assets | — | 79,992,000 | — | — |