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Ion Bank
Naugatuck, CT · FDIC Certificate #18198 · Chartered 01/0
Total assets
$2.78B
Total deposits
$2.28B
Total equity
$341.24M
Net loans
$1.99B
Branches (offices)
36
Net income (YTD)
$12.80M
Rank: #462 of 4,213 U.S. banks by assets · #4 of 26 in Connecticut. Assets changed -0.1% and deposits -0.1% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.93% |
| Return on equity | 7.63% |
| Net interest margin (YTD) | 4.23% |
| Equity to assets | 12.26% |
| Tier 1 leverage ratio | 11.91% |
| Uninsured deposits (share of deposits) | 21.7% |
| Noncurrent loans (share of loans) | 1.49% |
| Net charge-offs (share of loans) | 0.12% |
| Loans to deposits | 87.3% |
| Real estate loans (share of loans) | 79.7% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.59B | 79.7% | |
| Commercial & industrial | $188.28M | 9.5% | |
| Consumer / individual | $198.81M | 10.0% | |
| Construction & development | $97.35M | 4.9% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.84B | $1.61B | $3.70M | $152.67M |
| Jun 2023 | $2.15B | $1.73B | $9.33M | $181.97M |
| Jun 2024 | $2.14B | $1.80B | $7.56M | $202.67M |
| Jun 2025 | $2.79B | $2.28B | $14.04M | $338.65M |
| Jun 2026 | $2.78B | $2.28B | $12.80M | $341.24M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Connecticut | $1.80B | 23 |
| New Jersey | $478.62M | 13 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $2.28B.
Similar-sized banks
Citizens And Farmers Bank ($2.79B) · Sunrise Banks, National Association ($2.78B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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