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 Ion Bank
Ion Bank
| RSSD ID 407506 | CERTIFICATE 18198 | ABA NUMBER 211174178 |
| 87 Church St |
Quarter Ended : |
2025-03-31 |
| Naugatuck, Connecticut, 6770 |
Updated : |
2025-04-29 |
| www.ionbank.com |
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| Institution Profile |
| Year Opened : |
1870 |
Institution Type : |
Stock and Mutual Savings bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
26 |
Number of Employees : |
318 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 2,159,947 |
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Total Interest Income | 26,722 |
| Total Liabilities | 1,940,929 |
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Total NonInterest Income | 6,279 |
| Total Bank Equity Capital | 219,018 |
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Total Interest Expense | 7,146 |
| Total Deposits | 1,848,334 |
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Total NonInterest Expense | 18,342 |
| Net Loans & Leases | 1,650,181 |
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Net Income | 5,425 |
| Loan Loss Allowance | 17,762 |
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Net Charge Offs | 473 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 232,424 |
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Total loans | 1,647,751 |
| Total assets for the leverage ratio | 2,140,163 |
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Loans secured by real estate: | 1,259,319 |
| Tier 1 Leverage Ratio | 10 |
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Commercial and industrial loans | 184,674 |
| Tier 1 Capital Ratio | 12.25 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 13.31 |
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Loans to individuals - Other | 189,102 |
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:· Ion Bank
