Call reports 2020
CONNECTIONS BANK — 2020
What CONNECTIONS 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 | 91,399,000 | 94,638,000 | 90,499,000 | 91,963,000 |
| Total loans | 71,656,000 | 74,725,000 | 74,922,000 | 75,453,000 |
| Allowance for loan losses | 599,000 | 654,000 | 733,000 | 833,000 |
| Securities available for sale | 7,438,000 | 7,072,000 | 6,295,000 | 5,413,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,473,000 | 82,393,000 | 78,329,000 | 79,556,000 |
| Interest-bearing deposits | 70,221,000 | 70,343,000 | 66,119,000 | 65,973,000 |
| Noninterest-bearing deposits | 9,252,000 | 12,050,000 | 12,210,000 | 13,583,000 |
| Equity capital | 11,391,000 | 11,615,000 | 11,578,000 | 11,837,000 |
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 | 1,106,000 | 2,207,000 | 3,296,000 | 4,412,000 |
| Interest expense | 260,000 | 496,000 | 675,000 | 814,000 |
| Net interest income | 846,000 | 1,711,000 | 2,621,000 | 3,598,000 |
| Noninterest income | 73,000 | 178,000 | 274,000 | 430,000 |
| Noninterest expense | 627,000 | 1,260,000 | 1,872,000 | 2,515,000 |
| Provision for loan losses | 45,000 | 100,000 | 175,000 | 275,000 |
| Pretax income | 252,000 | 534,000 | 853,000 | 1,253,000 |
| Income tax | 56,000 | 121,000 | 195,000 | 289,000 |
| Net income | 196,000 | 413,000 | 658,000 | 964,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,720,000 | 9,951,000 | 9,937,000 | 10,257,000 |