Ulster Savings Bank: how it compares with its peers
Against 30 NY banks with half to twice its assets, Ulster Savings Bank's strongest measure in Q2 2026 is net interest margin (3.26% vs. a 3.64% peer median). Its weakest relative measure is assets per employee ($5.9M vs. $8.8M).
| Measure | Ulster Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.55% | 0.96% | Bottom third Ahead of 20% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.26% | 3.64% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 82.64% | 70.24% | Bottom third Ahead of 20% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.9M | $8.8M | Bottom third Ahead of 14% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.57% | 83.45% | Context |
What it means for lending operations
Its efficiency ratio of 82.64% is above the 70.24% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Ballston Spa National Bank Ballston Spa, NY · $1.37B
- Greene County Commercial Bank Catskill, NY · $1.32B
- Rhinebeck Bank Rhinebeck, NY · $1.47B
- Genesee Regional Bank Rochester, NY · $1.31B
- Pathfinder Bank Oswego, NY · $1.49B
- Bank of Utica Utica, NY · $1.51B
Questions about Ulster Savings Bank
How big is Ulster Savings Bank?
Ulster Savings Bank, established in 1851, is headquartered in Kingston, NY. It reported $1.39B in total assets in its Q2 2026 FDIC call report and operates 15 offices.
What is Ulster Savings Bank's return on assets?
0.55% annualized in Q2 2026, against a 0.96% median for 30 NY banks with half to twice its assets, ahead of 20% of them.
What is Ulster Savings Bank's efficiency ratio?
82.64% in Q2 2026: it spent about 83 cents in noninterest expense for each dollar of revenue. The peer median is 70.24%, and lower is better.
Is Ulster Savings Bank growing its loans?
Net loans grew 2.8% over the year to Q2 2026, while deposits grew 1.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NY banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New York bank ranked.