Connecticut’s FDIC-insured banks saw total assets and year-to-date net income increase in the third quarter compared to last year.

According to the FDIC’s Quarterly Banking Profile for Q3 2019, Connecticut’s 37 FDIC-insured institutions reported year-to-date net income of $1.08 billion. That’s 21.9 percent higher compared to net income during the first three quarters of 2018.

Total assets were $118.83 billion on Sept. 30, 2019, a 5.5 percent increase compared to the same day last year. Total assets have increased about 1.2 percent since June 30, 2019.

The industry saw a collective 4.3 percent yield on all earning assets in the third quarter, up from 3.98 percent in Sept. 2018. Total loans and leases as of Sept. 30 were $86.78 billion, up 4.5 percent year-over-year. The institutions together held $91.74 billion in deposits, 4.3 percent more compared to last year.

The median percent of past-due and non-accrual loans was 1.15, nearly the same as Sept. 30 last year. The second quarter of 2019 saw a median percent of .94.

Connecticut’s 37 institutions had 14,588 full-time-equivalent positions on Sept. 30, about 2.7 percent fewer than the same date last year.