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Connect Community Bank

Raymond, WA · Cert 28266

SI · FDIC · 2 branches

Q2 2026

$72.7MAssets
$58.3MLoans
$69.7MDeposits
$2.7MEquity
Loan mix
96%RE $57.0M1%C&I $0.7M3%Consumer $1.8MQ3 2024Q2 2026
Deposit mix
95%Interest-bearing $66.3M5%Noninterest $3.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of -1.70%, down 37 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.15% of loans (+15 bps YoY), with net charge-offs at 0.60%.
  • Capital: tier 1 leverage ratio of 3.61%, down 187 bps from a year ago.
  • Funding: loans stand at 83.67% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

-1.70%-37 bps YoY

Net Interest Margin (quarter, annualized)

2.77%+4 bps YoY

Efficiency Ratio (quarter, annualized)

158.88%+1,648 bps YoY

Tier 1 Leverage Ratio

3.61%-187 bps YoY

NIM

4.27%Q2 ’244.48%Q2 ’254.55%Q2 ’26+28%+1%

Non-interest income vs. expense

3.98%Q2 ’244.10%Q2 ’254.61%Q2 ’26+4%+13%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-2.61%-1.49%-2.21%-1.33%-1.62%-1.16%-1.76%-1.70%-37 bps
Return on Equity-39.59%-23.23%-36.19%-23.39%-30.93%-25.10%-42.18%-44.29%-2,090 bps
Net Interest Margin2.42%2.51%2.48%2.73%2.91%2.73%2.98%2.77%+4 bps
Efficiency Ratio194.52%156.76%179.20%142.40%150.55%140.00%148.55%158.88%+1,648 bps
Non-Interest Burden4.95%4.09%4.64%3.95%4.47%3.89%4.51%4.47%+53 bps
Growth
Asset Growth (YoY)5.01%-2.51%-5.84%-9.93%-1.90%9.44%8.63%4.26%+1,419 bps
Loan Growth (YoY)4.35%-0.49%-3.42%1.14%2.53%2.01%2.07%-2.90%-404 bps
Deposit Growth (YoY)16.87%13.20%10.23%-2.49%-6.61%10.21%22.64%22.90%+2,539 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.17%0.18%0.15%+15 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.60%+60 bps
Allowance / Loans1.04%1.02%1.04%1.04%1.04%1.05%1.13%1.00%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/a6.0x6.1x6.9xn/a
Capital
Tier 1 Leverage Ratio6.36%6.31%5.78%5.48%4.97%4.50%3.99%3.61%-187 bps
Total Risk-Based Capital14.42%13.17%12.24%11.97%11.05%10.31%9.65%8.91%-306 bps
Equity / Assets6.52%6.30%5.92%5.46%5.00%4.31%4.02%3.66%-179 bps
Liquidity & Funding
Loans / Deposits96.90%100.23%101.20%105.90%106.39%92.78%84.22%83.67%-2,223 bps
Liquid Assets / Assets15.95%14.48%12.56%11.75%12.06%20.07%18.63%18.77%+703 bps
CRE / Total Capitaln/an/an/an/a59.58%75.48%81.71%n/an/a