Naugatuck, CT · Cert 18198 · Ion Financial MHC Inc.
State charter, Fed member · FED · 36 branches
Q2 2026
Market Position · Waterbury-Shelton, CT · 2026 SOD (annual) · 8.2% share · #6 of 16 inst. · $1.0B of $12.5B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.78% | 0.71% | 1.02% | 1.19% | 1.13% | 0.79% | 0.85% | 0.93% | -27 bps | |
| Return on Equity | 8.31% | 7.43% | 10.01% | 10.91% | 9.96% | 6.88% | 7.04% | 7.63% | -328 bps | |
| Net Interest Margin | 3.00% | 3.18% | 3.66% | 3.42% | 3.34% | 3.49% | 3.81% | 3.92% | +49 bps | |
| Efficiency Ratio | 78.77% | 79.86% | 70.62% | 72.88% | 73.32% | 78.63% | 73.49% | 72.60% | -28 bps | |
| Non-Interest Burden | 2.13% | 2.31% | 2.24% | 2.03% | 2.10% | 2.52% | 2.61% | 2.64% | +61 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.28% | -4.51% | 2.91% | 30.52% | 29.92% | 29.35% | 28.20% | -0.14% | -3,066 bps | |
| Loan Growth (YoY) | 4.70% | 5.57% | 8.40% | 29.43% | 29.66% | 25.74% | 23.03% | -0.98% | -3,042 bps | |
| Deposit Growth (YoY) | 3.23% | 1.16% | 5.26% | 26.41% | 25.92% | 23.99% | 22.25% | -0.12% | -2,653 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.36% | 0.32% | 0.33% | 0.72% | 0.59% | 0.87% | 1.01% | 1.49% | +77 bps | |
| Net Charge-Offs / Loans | 0.03% | 0.07% | 0.11% | 0.09% | 0.09% | 0.10% | 0.16% | 0.13% | +4 bps | |
| Allowance / Loans | 1.12% | 1.09% | 1.06% | 1.06% | 1.05% | 1.09% | 1.09% | 1.11% | +5 bps | |
| Allowance Coverage of NPLs | 3.1x | 3.4x | 3.3x | 1.5x | 1.8x | 1.3x | 1.1x | 0.7x | -0.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.64% | 10.00% | 10.00% | 12.63% | 11.91% | 11.36% | 11.60% | 11.91% | -72 bps | |
| Total Risk-Based Capital | 13.78% | 13.61% | 13.31% | 16.66% | 16.80% | 15.92% | 16.36% | 16.82% | +16 bps | |
| Equity / Assets | 9.97% | 10.15% | 10.14% | 12.15% | 12.53% | 12.08% | 12.10% | 12.26% | +11 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 88.56% | 90.73% | 90.24% | 89.06% | 91.19% | 92.01% | 90.82% | 88.30% | -76 bps | |
| Liquid Assets / Assets | 4.28% | 3.01% | 3.77% | 8.08% | 7.35% | 7.44% | 9.99% | 11.37% | +328 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 323% | 341% | 333% | n/a | n/a | |