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BlastPoint's Banking Scorecard

Ion Bank

$1B-$10B Specialty: Commercial CT FDIC cert 18198

Naugatuck, CT

37 branches across CT · NJ

884 banks in the $1B-$10B peer group nationally 14 in CT
View $1B-$10B leaderboard (CT) →

Ion Bank has 1 strength but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Net Interest Margin 0.33% above tier average

Key Concerns

Areas that may need attention

  • - Margin Compression: Bottom 60.7% in tier
  • - Efficiency Ratio 12.43% above tier average
  • - Delinquency Rate 0.14% above tier average

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (CT) National Avg Tier Percentile
Total Assets ? $2.8B
+28.2% YoY +1.4% QoQ
-$46.5M $2.8B
-0.1% YoY
$4.6B
+6.9% YoY
$6.2B
+9.1% YoY
66%
Total Loans ? $2.0B
+23.0% YoY -0.0% QoQ
+$64.9M $2.0B
+0.6% YoY
$3.2B
+8.3% YoY
$3.2B
+10.8% YoY
68%
Total Deposits ? $2.3B
+22.2% YoY +1.3% QoQ
-$83.8M $2.3B
-0.3% YoY
$3.7B
+5.9% YoY
$4.8B
+8.2% YoY
65%
Return on Assets ? 0.85%
-16.2% YoY +7.3% QoQ
-0.51% 1.37%
+19.6% YoY
0.98%
+59.4% YoY
1.23%
+13.4% YoY
23%
Net Interest Margin ? 4.15%
+3.8% YoY -0.9% QoQ
+0.33% 3.82%
+6.9% YoY
3.30%
+11.1% YoY
3.89%
+5.7% YoY
78%
Efficiency Ratio ? 73.49%
+4.1% YoY -6.5% QoQ
+12.43% 61.06%
-4.6% YoY
74.04%
-0.3% YoY
66.95%
-4.1% YoY
17%
Delinquency Rate ? 1.03%
+211.3% YoY +16.8% QoQ
+0.14% 0.89%
+14.1% YoY
0.76%
+15.1% YoY
0.95%
+18.8% YoY
26%
Loan-to-Deposit Ratio ? 89.83%
+0.6% YoY -1.3% QoQ
+5.62% 84.20%
+0.3% YoY
87.65%
+0.6% YoY
76.70%
+0.9% YoY
39%
Non-Interest-Bearing Deposit Share ? 29.54%
-0.2% YoY -0.1% QoQ
+8.25% 21.29%
-2.5% YoY
20.48%
-2.9% YoY
22.01%
-1.2% YoY
83%
Nonperforming Asset Ratio ? 0.88%
+76.2% YoY +12.4% QoQ
+0.21% 0.67%
+15.6% YoY
0.54%
+14.2% YoY
0.67%
+19.3% YoY
24%
Tier 1 Capital Ratio ? 15.30%
+24.8% YoY +2.9% QoQ
+0.14% 15.16%
+2.0% YoY
15.66%
+1.9% YoY
17.06%
+0.8% YoY
76%
Non-Interest Income / Assets ? 0.24%
-17.3% YoY -80.8% QoQ
-0.02% 0.26%
+1.6% YoY
0.74%
+3.6% YoY
0.32%
+4.1% YoY
79%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (1)

Margin Compression

decline
#52 of 84 • Bottom 60.7% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature
Return on Assets: 0.85%
(Tier: 1.37%, National: 1.23%)
worse than tier avg
84 of 84 Mid-Market banks match · 407 nationally
↑ Growing +94 banks QoQ

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 884 peers in $1B-$10B

Top Strengths (4 metrics)

150
Non-Interest-Bearing Deposit Share
funding
Value: 29.54%
Peer Median: 21.29%
#150 of 884 Top 16.9% in $1B-$10B
187
Non-Interest Income / Assets
revenue_mix
Value: 0.24%
Peer Median: 0.26%
#187 of 884 Top 21.0% in $1B-$10B
195
Net Interest Margin
profitability
Value: 4.15%
Peer Median: 3.82%
#195 of 884 Top 21.9% in $1B-$10B
216
Tier 1 Capital Ratio
capital
Value: 15.30%
Peer Median: 15.16%
#216 of 884 Top 24.3% in $1B-$10B

Top Weaknesses (3 metrics)

731
Efficiency Ratio
profitability
Value: 73.49%
Peer Median: 61.06%
#731 of 884 Bottom 17.4% in $1B-$10B
681
Return on Assets
profitability
Value: 0.85%
Peer Median: 1.37%
#681 of 884 Bottom 23.1% in $1B-$10B
671
Nonperforming Asset Ratio
credit_quality
Value: 0.88%
Peer Median: 0.67%
#671 of 884 Bottom 24.2% in $1B-$10B
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