Call reports 2024
CONNECT BANK — 2024
What CONNECT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 115,033,000 | 118,904,000 | 119,523,000 | 118,481,000 |
| Total loans | 70,907,000 | 75,113,000 | 76,117,000 | 74,785,000 |
| Allowance for loan losses | 1,784,000 | 1,843,000 | 1,845,000 | 1,835,000 |
| Securities available for sale | 20,390,000 | 20,104,000 | 20,900,000 | 21,839,000 |
| Securities held to maturity | 7,923,000 | 7,702,000 | 7,701,000 | 7,679,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,152,000 | 104,265,000 | 103,573,000 | 104,389,000 |
| Interest-bearing deposits | 74,776,000 | 74,564,000 | 75,060,000 | 77,739,000 |
| Noninterest-bearing deposits | 26,376,000 | 29,701,000 | 28,513,000 | 26,650,000 |
| Equity capital | 12,803,000 | 13,635,000 | 15,053,000 | 13,277,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,625,000 | 3,349,000 | 5,198,000 | 7,086,000 |
| Interest expense | 392,000 | 791,000 | 1,246,000 | 1,732,000 |
| Net interest income | 1,233,000 | 2,558,000 | 3,952,000 | 5,354,000 |
| Noninterest income | 287,000 | 457,000 | 658,000 | 1,068,000 |
| Noninterest expense | 901,000 | 1,774,000 | 2,749,000 | 3,815,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 618,000 | 1,240,000 | 1,860,000 | 2,556,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 618,000 | 1,240,000 | 1,860,000 | 2,556,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,874,000 | 18,495,000 | 19,114,000 | 17,951,000 |
| Total capital | — | — | — | 18,965,000 |
| Risk-weighted assets | — | — | — | 80,369,000 |