State-chartered banks in Connecticut through the first nine months of 2017 saw healthy increases in collective net income, while also growing total assets, according to FDIC data.
Year-to-date net income through the third quarter was $658.5 million, up about $96 million from the first nine months of 2016. Total assets rose over $6 billion between the end of the third quarter in 2016 and the end of the third quarter of 2017.
Total loans and leases climbed to almost $81 billion at the end of September, representing a year-over-year increase of over $6 billion. The increase was driven by growth in non-farm nonresidential loans (commercial real estate), commercial and industrial loans, one- to four-family residential loans and consumer loans.
Net interest income after the first nine months of 2017 was about $2.3 billion, up more than $200 million from the first nine months of 2016. Noninterest income also made some small gains.
Assets past due (30 to 89 days) through the first nine months of the year were at about $279 million, down more than $4 million from the same time period last year. Assets past due (90 or more days) at the end of the third quarter of 2017 were about $11 million, down about $2 million compared to the first nine months of 2016.
The loan loss, however, had rose to almost $723 million at the end of the first nine months of 2017, up about $30 million from the first nine months of 2016.





