Call reports 2023
CONNECTIONS BANK — 2023
What CONNECTIONS 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 | 367,184,000 | 366,845,000 | 351,724,000 | 482,789,000 |
| Total loans | 286,549,000 | 293,023,000 | 292,076,000 | 402,265,000 |
| Allowance for loan losses | 3,296,000 | 3,354,000 | 3,411,000 | 4,223,000 |
| Securities available for sale | 14,497,000 | 19,336,000 | 18,909,000 | 11,382,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 328,495,000 | 327,519,000 | 311,422,000 | 423,223,000 |
| Interest-bearing deposits | 237,253,000 | 248,705,000 | 236,480,000 | 322,659,000 |
| Noninterest-bearing deposits | 91,242,000 | 78,814,000 | 74,942,000 | 100,564,000 |
| Equity capital | 32,478,000 | 33,357,000 | 34,216,000 | 48,277,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,932,000 | 8,412,000 | 13,002,000 | 24,220,000 |
| Interest expense | 659,000 | 1,597,000 | 2,699,000 | 6,300,000 |
| Net interest income | 3,273,000 | 6,815,000 | 10,303,000 | 17,920,000 |
| Noninterest income | 223,000 | 453,000 | 689,000 | 1,276,000 |
| Noninterest expense | 1,595,000 | 3,275,000 | 4,993,000 | 9,920,000 |
| Provision for loan losses | -67,000 | -7,000 | 53,000 | 958,000 |
| Pretax income | 1,841,000 | 3,865,000 | 5,811,000 | 8,209,000 |
| Income tax | 287,000 | 773,000 | 1,235,000 | 1,773,000 |
| Net income | 1,554,000 | 3,092,000 | 4,576,000 | 6,436,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,733,000 | 33,578,000 | 34,403,000 | 44,369,000 |