Call reports 2008
CONNECTONE BANK — 2008
What CONNECTONE 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 | 306,734,000 | 324,232,000 | 362,774,000 | 377,527,000 |
| Total loans | 232,162,000 | 260,846,000 | 286,028,000 | 303,199,000 |
| Allowance for loan losses | 2,280,000 | 2,651,000 | 2,941,000 | 3,316,000 |
| Securities available for sale | 16,591,000 | 30,270,000 | 29,644,000 | 27,687,000 |
| Securities held to maturity | 23,286,000 | 20,328,000 | 15,420,000 | 13,068,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 259,578,000 | 275,039,000 | 301,410,000 | 313,836,000 |
| Interest-bearing deposits | 220,407,000 | 229,483,000 | 256,997,000 | 268,744,000 |
| Noninterest-bearing deposits | 39,171,000 | 45,556,000 | 44,413,000 | 45,093,000 |
| Equity capital | 25,441,000 | 25,557,000 | 30,997,000 | 31,864,000 |
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 | 4,149,000 | 8,683,000 | 13,781,000 | 19,017,000 |
| Interest expense | 2,024,000 | 3,841,000 | 5,854,000 | 7,856,000 |
| Net interest income | 2,125,000 | 4,842,000 | 7,927,000 | 11,161,000 |
| Noninterest income | 67,000 | 152,000 | 219,000 | 277,000 |
| Noninterest expense | 1,842,000 | 3,775,000 | 5,828,000 | 8,078,000 |
| Provision for loan losses | 247,000 | 623,000 | 913,000 | 1,288,000 |
| Pretax income | 103,000 | 596,000 | 1,405,000 | 2,072,000 |
| Income tax | 30,000 | 271,000 | 599,000 | 856,000 |
| Net income | 73,000 | 325,000 | 806,000 | 1,216,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,338,000 | 25,628,000 | 31,049,000 | 31,509,000 |
| Total capital | 27,618,000 | 28,279,000 | 33,990,000 | 34,825,000 |
| Risk-weighted assets | 235,631,000 | 258,886,000 | 285,593,000 | 300,991,000 |