Ion Bank
Ion Bank reported total assets of $2.8 bn at Q2 2026, down 0.1% on a year earlier, the 456th largest of 497 banks in our US coverage. The CET1 capital ratio at Ion Bank was 15.75%, and the uninsured share of Ion Bank was 21.70%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Ion Bank slipped from 246th to 424th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , Ion Bank has taken over 2 institutions; the latest was NVE Bank on (FDIC Call Reports).
What sets Ion Bank apart
How large is Ion Bank?
The balance sheet of Ion Bank at : assets $2.8 bn, deposits $2.3 bn, net loans $2.0 bn (loans equal to 87.32% of deposits). Securities make up 8.6% of total assets at Ion Bank. Since , when Ion Bank held $1.1 bn, its assets grew 145.1%. In the year to , deposits at Ion Bank fell 0.1% while its total assets fell 0.1%. At , Ion Bank employed 371 full-time equivalent staff across 37 offices, about $7.5 mn of assets per employee and $61.6 mn of deposits per office.
How much funding at Ion Bank is uninsured?
At Ion Bank, uninsured deposits (above the FDIC limit) made up 21.70% of domestic deposits at (-0.20 pp on a year earlier); Ion Bank ranks 399th of 500 on this measure. In dollars, Ion Bank estimated $494.3 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.3 bn | -0.1% | 461st of 499 |
| Net loans and leases | $2.0 bn | -1.0% | 443rd of 500 |
| Loan-to-deposit ratio | 87.32% | -0.80 pp | 247th of 500 |
| Tier 1 leverage ratio | 11.91% | -0.72 pp | 101st of 500 |
| Total risk-based capital ratio | 16.82% | +0.16 pp | 95th of 448 |
| Net interest margin | 4.23% | +0.15 pp | 94th of 500 |
| Return on assets (ROA) | 0.93% | -0.27 pp | 407th of 500 |
| Efficiency ratio | 72.60% | -0.28 pp | 449th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $7.3 mn | Narrowed by $986,000 | |
| Noncurrent loans to total loans | 1.49% | +0.77 pp | 425th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.12% | +0.02 pp | 295th of 500 (1 = lowest) |
US rank of Ion Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Ion Bank: assets, deposits and loans
- Total assets $2.8bn
- Deposits $2.3bn
- Net loans $2.0bn
Capital and securities
The CET1 ratio of Ion Bank stood at 15.75% in , +0.11 pp year on year. Low and high at Ion Bank since : 11.29% () to 15.78% (). Equity capital of Ion Bank at : $341.2 mn, or 12.3% of total assets. Ion Bank also reported a total capital ratio of 16.82% for , and a tier 1 leverage ratio of 11.91%.
The available-for-sale portfolio of Ion Bank showed an unrealized loss of $7.3 mn at ; the loss narrowed by $986,000 over the year.
Ion Bank: capital ratios
- Total capital 17%
- CET1 16%
- Tier 1 leverage 12%
Ion Bank: unrealized securities gains and losses
- Available for sale -$7mn
- Held to maturity $0
Profitability and loan quality
For the year to , Ion Bank earned a return on equity of 7.63%; return on assets: 0.93%. Net interest margin at Ion Bank: 4.23%, +0.15 pp in a year. Ion Bank net income: $12.8 mn, down 8.8% year on year. The efficiency ratio of Ion Bank was 72.60%: about 73 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 1.49% of total loans at Ion Bank; net charge-offs: 0.12% of average loans. Gross loans and leases at Ion Bank: $2.0 bn, down 1.0% in a year.
Ion Bank: profitability
- Return on equity 7.6%
- Net interest margin 4.2%
- Return on assets 0.9%
Peer group of Ion Bank
The peer group of Ion Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Ion Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Connecticut. Against them, Ion Bank shows CET1 ratio 15.75% against a peer median of 14.29%, return on equity 7.63% against a peer median of 9.75% and uninsured deposit share 21.70% against a peer median of 34.84%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of New Hampshire | State member bank | NH | $2.8 bn | 13.75% | 8.46% | 18.99% | |
| Orange Bank & Trust Company | State member bank | NY | $2.8 bn | 17.95% | 17.03% | 60.78% | |
| Citizens and Farmers Bank | State nonmember bank | VA | $2.8 bn | 13.54% | 11.04% | 30.51% | |
| Ion Bank | State member bank | CT | $2.8 bn | 15.75% | 7.63% | 21.70% | |
| Sunrise Banks | National bank | SD | $2.8 bn | not reported | 3.75% | 15.33% | |
| Quad City Bank and Trust Company | State member bank | IA | $2.8 bn | 14.29% | 13.89% | 50.97% | |
| Avidia Bank | State-chartered stock savings bank | MA | $2.8 bn | 15.47% | 8.29% | 39.16% | |
. FDIC Call Reports.
Last eight quarters
Two years at Ion Bank, to : assets +30.6%, deposits +27.1%, equity +60.7%. Staff 322 to 371; offices 26 to 37.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.1 bn | $2.1 bn | $2.2 bn | $2.8 bn | $2.8 bn | $2.7 bn | $2.8 bn | $2.8 bn |
| Total deposits | $1.8 bn | $1.8 bn | $1.8 bn | $2.3 bn | $2.3 bn | $2.2 bn | $2.3 bn | $2.3 bn |
| Bank equity capital | $212.4 mn | $214.4 mn | $219.0 mn | $338.7 mn | $346.9 mn | $329.9 mn | $335.0 mn | $341.2 mn |
| CET1 ratio | 12.66% | 12.52% | 12.25% | 15.64% | 15.78% | 14.87% | 15.30% | 15.75% |
| Return on equity (ROE) | 8.31% | 7.43% | 10.01% | 10.91% | 9.96% | 6.88% | 7.04% | 7.63% |
| Uninsured share of domestic deposits | 20.38% | 22.61% | 23.58% | 21.90% | 21.15% | 20.90% | 20.66% | 21.70% |
| Full-time equivalent employees | 322 | 329 | 318 | 390 | 381 | 398 | 394 | 371 |
| Number of offices | 26 | 26 | 26 | 37 | 37 | 37 | 37 | 37 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Ion Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Lincoln 1st Bank (FDIC certificate 28963).
- . Absorbed NVE Bank (FDIC certificate 29875).
Large one-quarter moves at Ion Bank
- Total assets at Ion Bank changed by +29.0% in the quarter to 2025-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from NVE Bank.
Questions and identifiers
What were the total assets of Ion Bank?
Ion Bank reported $2.8 bn at in its Call Report. That makes Ion Bank the 456th largest of 497 banks in our US coverage.
Is Ion Bank the same as its holding company?
No. This page covers Ion Bank, FDIC certificate 18198; ION FINANCIAL MHC INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Ion Bank profitable?
Ion Bank reported net income of $12.8 mn for the year to ; annualized return on equity: 7.63%. So yes: Ion Bank made a profit over these months.
When is data for Ion Bank next updated?
Figures from Ion Bank for are due after .
Where can I check the figures for Ion Bank?
In the FDIC BankFind Suite record for certificate 18198, and in the Call Reports of Ion Bank (RSSD ID 407506) at the FFIEC Central Data Repository.