Call reports 2024
CONNECTIONS BANK — 2024
What CONNECTIONS 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 | 472,721,000 | 472,854,000 | 475,381,000 | 482,268,000 |
| Total loans | 393,350,000 | 396,128,000 | 399,493,000 | 398,441,000 |
| Allowance for loan losses | 4,312,000 | 4,402,000 | 4,374,000 | 4,460,000 |
| Securities available for sale | 10,967,000 | 5,939,000 | 6,824,000 | 6,648,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 417,165,000 | 416,691,000 | 408,818,000 | 416,214,000 |
| Interest-bearing deposits | 328,737,000 | 325,757,000 | 318,730,000 | 320,853,000 |
| Noninterest-bearing deposits | 88,428,000 | 90,934,000 | 90,088,000 | 95,361,000 |
| Equity capital | 48,942,000 | 49,735,000 | 50,045,000 | 49,866,000 |
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 | 6,652,000 | 13,593,000 | 20,821,000 | 27,874,000 |
| Interest expense | 2,074,000 | 4,291,000 | 6,494,000 | 8,697,000 |
| Net interest income | 4,578,000 | 9,302,000 | 14,327,000 | 19,177,000 |
| Noninterest income | 325,000 | 686,000 | 1,003,000 | 1,349,000 |
| Noninterest expense | 2,600,000 | 5,209,000 | 7,789,000 | 10,356,000 |
| Provision for loan losses | 90,000 | 180,000 | 250,000 | 335,000 |
| Pretax income | 2,214,000 | 4,594,000 | 7,293,000 | 9,832,000 |
| Income tax | 526,000 | 1,088,000 | 1,726,000 | 2,331,000 |
| Net income | 1,688,000 | 3,506,000 | 5,567,000 | 7,501,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,102,000 | 45,965,000 | 46,217,000 | 46,214,000 |