Connect Community Bank
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Data as of · sourced from FFIEC call reports. How we update
Connect Community Bank is an FDIC-insured savings bank headquartered in Raymond, WA, established in 1925 (FDIC certificate 28266), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $72.7M, up 4.3% from Q2 2025, the 26th largest of 29 banks headquartered in Washington. Its CET1 capital ratio was 7.66% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28266
- Headquarters
- Raymond, WA
- Established
- 1925
- Total assets, Q2 2026
- $72.7M
- Assets vs Q2 2025
- +4.3%
- CET1 ratio, Q2 2026
- 7.66%
- Domestic offices
- 2 FDIC institution directory, current count
- Asset rank in state
- 26th of 29 in Washington
Connect Community Bank spends more to run itself than most banks of its size. It reported $73 million in assets at June 30, 2026, up 4.3% from a year earlier. It loses about $1.69 a year on every $100 of assets, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median $1.06). It also spends about 159 cents to bring in each dollar of revenue, about double the median of 69 cents for banks its size.
It lost $312,000 in the quarter. Over the same year, loans shrank 2.9% and deposits grew 22.9%. Where it has less room is capital: it holds common equity equal to 7.66% of its risk-weighted assets, about a third the median of 22.08% for banks its size.
As of June 30, 2026, Connect Community Bank reported a CET1 capital ratio of 7.66%, a return on assets of -1.69%, a nonperforming-loan ratio of 0.15% and a Texas ratio of 2.62%. The figures come from its call report filed with the FFIEC.
Connect Community Bank ranks as the 26th largest of the 29 banks based in Washington, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.8% to $72.7M, loans fell 2.0% and deposits fell 1.3%. 1-4 family residential loans made up 92.7% of its total loans on June 30, 2026, its largest category; next came construction and land development loans at 3.3%. Its 2 offices in the FDIC Summary of Deposits are in Long Beach, WA and Raymond, WA; its Long Beach office books 50% of its branch deposits. By the capital ratios in its Q2 2026 call report, Connect Community Bank falls below at least one capital ratio minimum for adequately capitalized.
Headquarters Profile
- Address
- 202 Duryea St, Raymond, WA 98577
- County
- Pacific
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- —
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1925
- Former names
- Raymond Federal Bank (2002-2024); Raymond Federal Savings Bank (1997-2002)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $69.7M
- Allowance for credit losses
- $584K
- Net charge-offs (YTD)
- $88K
- Average total assets
- $73.8M
- Average total loans
- $58.2M
- Average interest-bearing deposits
- $63.0M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28266
- Fed RSSD
- 768476
- Website
- www.mycc.bank →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Connect Community Bank's total assets ran between $68.1M (Q1 2025) and $77.4M (Q2 2024), and it posted no profit in any of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$72.7M total assets against $69.7M; $70.0M total liabilities against $65.9M.
$57.8M net loans and leases against $59.5M; $69.7M total deposits against $56.7M.
$6.8M securities against $7.7M; $7.2M cash and balances due against $1.1M.
$839K total interest income against $778K; $329K total interest expense against $305K.
$510K net interest income against $473K.
$25K total noninterest income against $27K; $850K total noninterest expense against $712K.
-$3K provision for credit losses against $17K.
-$312K net income against -$229K.
-1.69% return on assets against -1.32%; 2.82% net interest margin against 2.78%.
7.66% CET1 capital ratio against 10.72%; 3.61% tier 1 leverage ratio against 5.48%.
Inside the full Connect Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Connect Community Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -2.65% (Q3 2024) to -1.17% (Q4 2025) and its net interest margin ran from 2.43% (Q3 2024) to 3.05% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 7.66% | -1.69% | 0.15% | 2.62% | 2.82% |
| Q1 2026 | 8.40% | -1.78% | 0.18% | 3.01% | 3.05% |
| Q4 2025 | 9.05% | -1.17% | 0.17% | 2.64% | 2.79% |
| Q3 2025 | 9.80% | -1.60% | 0.00% | 0.00% | 2.98% |
| Q2 2025 | 10.72% | -1.32% | 0.00% | 0.00% | 2.78% |
| Q1 2025 | 10.99% | -2.19% | 0.00% | 0.00% | 2.53% |
| Q4 2024 | 11.91% | -1.51% | 0.00% | 0.00% | 2.56% |
| Q3 2024 | 13.17% | -2.65% | 0.00% | 0.00% | 2.43% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| 1615 Pacific South Branch | Long Beach , WA | 98631 | $34.9M |
| Connect Community Bank (main office) | Raymond , WA | 98577 | $34.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2026 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in WA, rank 50 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Connect Community Bank
What are Connect Community Bank's total assets?
As of the Q2 2026 filing, Connect Community Bank reported total assets of $72.7 million in its FFIEC call report.
Where is Connect Community Bank headquartered?
It is headquartered in Raymond, WA, United States.
When was Connect Community Bank founded?
It was established in 1925, per the FDIC institution directory.
Is Connect Community Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #28266). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Connect Community Bank?
Connect Community Bank's primary federal regulator is the FDIC.
What is Connect Community Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 7.66% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does Connect Community Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Connect Community Bank's Texas Ratio?
Its Texas Ratio is 2.62% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Connect Community Bank previously called?
The charter now named Connect Community Bank has also operated as Raymond Federal Bank (2002-2024), Raymond Federal Savings Bank (1997-2002), per FDIC structure-change records.
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