Connect Community Bank

Connect Community Bank


Overview / Commentary
360-942-3444
202 Duryea St
Raymond, WA 98577

Connect Community Bank is headquartered in RAYMOND and is the 32nd largest bank in the state of Washington. It is also the 4,058th largest bank in the nation. It was established in 1925 and as of June of 2024, it had grown to 22 employees at 3 locations. Connect Community Bank has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Connect Community Bank has a relatively low asset base, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #28266
Year Established1925
Employees22
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.43%
Return on Equity - YTD-19.43%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$77.4MM$69.4MM
LoansQ2 2024vs Q2 2023$58.8MM$55.3MM
DepositsQ2 2024vs Q2 2023$58.2MM$53.1MM
Equity CapitalQ2 2024vs Q2 2023$5.2MM$6.4MM
Loan Loss AllowanceQ2 2024vs Q2 2023$592K$716K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$0$0
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates

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Locations


Connect Community Bank Locations
1000 W Robert Bush Drive Branch1000 W Robert Bush DriveSouth Bend, WA 98586
1615 Pacific South Branch1615 Pacific SouthLong Beach, WA 98631
Raymond Federal Bank202 Duryea StRaymond, WA 98577

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