Q2 2026 · read from the 30 June 2026 Call Report · United States · Mid-Atlantic · New Jersey, the state note

Connectone Bank

Englewood Cliffs, New Jersey · $14.40B in assets · beside the 11 other the Mid-Atlantic banks over $10B (the state alone holds too few in the band to rank)

The filing

Connectone Bank is the eighth largest of the 12 the Mid-Atlantic banks nearest its size over $10B, with $14.40B in assets at 30 June 2026. Loans are 100.6% of deposits, 11th of 12 against a median of 90.4%, and equity is 12.3% of assets, 3rd of 11. Loans grew +6.3% in the year, 5th of 12, and deposits grew 3.4%; the cohort's median loan growth is +4.8%.

Noncurrent loans are 0.68% of the book, 8th of 12 against a median of 0.60%; 0.03% is 30 to 89 days past due, and the allowance covers them 1.7 times. Net charge-offs are 0.47% of loans, the highest in the cohort. Commercial real estate is 60.0% of loans, the highest in the cohort against a median of 30.7%, and 439% of capital, above the 300% screen, with construction at 53% against the 100% screen.

Return on assets is 1.23%, 3rd of 11 against a median of 1.00%, on an efficiency ratio of 46.1%, the lowest in the cohort. Five years ago it was 1.82%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 14.6% of loans).

SBA 7(a), FY2008 to FY2026

Connectone Bank is the 51st largest 7(a) lender into New York of 402, with $69M across 79 loans, 0.4% of everything approved in the state (Manufacturers and Traders Trust Company leads with $1.26B). 23 of its 130 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Commercial real estate against capital

Among its peers

Institution	Assets	ROA	Efficiency	NPA / loans	Net charge-offs	Allowance / loans	Loans / deposits	Equity / assets
Community Bank National Association	$17.45B	1.2%	58.0%	0.50%	0.11%	0.8%	75.9%	9.6%
Northwest Bank	$17.21B	1.3%	56.6%	0.69%	0.15%	1.1%	92.1%	11.6%
Bank of Baroda	$16.24B	no record	no record	0.00%	no record	no record	104.7%	no record
NBT Bank National Association	$16.09B	1.2%	59.2%	0.55%	0.16%	1.2%	86.8%	11.6%
Safra National Bank of New York	$15.69B	1.0%	61.7%	0.00%	0.00%	0.8%	26.4%	8.6%
Dime Commercial Bank	$15.03B	1.0%	49.7%	0.64%	0.34%	1.0%	84.0%	11.3%
Popular Bank	$15.03B	1.0%	55.2%	0.39%	0.06%	0.8%	98.7%	14.4%
Connectone Bank	$14.40B	1.2%	46.1%	0.68%	0.47%	1.2%	100.6%	12.3%
Israel Discount Bank of NY	$14.39B	0.8%	67.1%	1.18%	0.16%	0.9%	80.9%	10.2%
Dollar Bank FSB	$12.70B	0.6%	72.8%	0.72%	0.08%	1.0%	99.0%	10.3%
First Commonwealth Bank	$12.18B	1.4%	53.6%	0.89%	0.41%	1.3%	92.0%	12.5%
Columbia Bank	$12.17B	0.5%	65.8%	0.51%	0.03%	0.8%	88.7%	9.4%