Call reports 2020
CONNECTONE BANK — 2020
What CONNECTONE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 7,275,850,000 | 7,616,707,000 | 7,449,083,000 | 7,496,829,000 |
| Total loans | 6,041,735,000 | 6,374,479,000 | 6,259,559,000 | 6,241,017,000 |
| Allowance for loan losses | 54,169,000 | 68,724,000 | 74,267,000 | 79,226,000 |
| Securities available for sale | 446,592,000 | 418,276,000 | 452,864,000 | 487,804,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,526,687,000 | 5,912,818,000 | 5,885,073,000 | 5,993,612,000 |
| Interest-bearing deposits | 4,529,413,000 | 4,550,791,000 | 4,528,735,000 | 4,620,116,000 |
| Noninterest-bearing deposits | 997,274,000 | 1,362,027,000 | 1,356,338,000 | 1,373,496,000 |
| Equity capital | 937,775,000 | 953,372,000 | 975,928,000 | 1,002,001,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 76,836,000 | 155,390,000 | 232,612,000 | 308,200,000 |
| Interest expense | 20,018,000 | 36,526,000 | 50,694,000 | 62,631,000 |
| Net interest income | 56,818,000 | 118,864,000 | 181,918,000 | 245,569,000 |
| Noninterest income | 2,525,000 | 7,193,000 | 10,713,000 | 14,042,000 |
| Noninterest expense | 35,058,000 | 67,866,000 | 94,597,000 | 120,868,000 |
| Provision for loan losses | 16,000,000 | 31,000,000 | 36,000,000 | 41,000,000 |
| Pretax income | 8,492,000 | 27,441,000 | 62,278,000 | 97,974,000 |
| Income tax | 1,047,000 | 3,563,000 | 11,331,000 | 19,101,000 |
| Net income | 7,445,000 | 23,878,000 | 50,947,000 | 78,873,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 711,624,000 | 729,034,000 | 751,226,000 | 776,430,000 |
| Total capital | 798,043,000 | 830,008,000 | 857,743,000 | 887,906,000 |
| Risk-weighted assets | 6,513,322,000 | 6,400,174,000 | 6,262,339,000 | 6,343,837,000 |