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 |
|---|---|---|---|
| Total assets | 115,594,000 | 113,420,000 | 116,174,000 |
| Total loans | 102,323,000 | 102,460,000 | 100,558,000 |
| Allowance for loan losses | 1,124,000 | 1,153,000 | 763,000 |
| Securities available for sale | 2,541,000 | 2,470,000 | 2,340,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 83,883,000 | 80,727,000 | 91,581,000 |
| Interest-bearing deposits | 68,268,000 | 64,408,000 | 75,290,000 |
| Noninterest-bearing deposits | 15,615,000 | 16,319,000 | 16,291,000 |
| Equity capital | 11,336,000 | 11,436,000 | 12,786,000 |
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 |
|---|---|---|---|
| Interest income | 1,307,000 | 2,694,000 | 1,206,000 |
| Interest expense | 413,000 | 921,000 | 527,000 |
| Net interest income | 894,000 | 1,773,000 | 679,000 |
| Noninterest income | 79,000 | 178,000 | 79,000 |
| Noninterest expense | 726,000 | 1,476,000 | 645,000 |
| Provision for loan losses | 11,000 | 41,000 | 794,000 |
| Pretax income | 217,000 | 415,000 | -681,000 |
| Income tax | 50,000 | 96,000 | -127,000 |
| Net income | 167,000 | 319,000 | -554,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 |
|---|---|---|---|
| Tier 1 capital | 10,182,000 | 10,347,000 | 8,780,000 |
| Total capital | — | — | 9,562,000 |
| Risk-weighted assets | — | — | 86,503,000 |