The Milford Bank: how it compares with its peers
Against 11 CT banks with half to twice its assets, The Milford Bank's strongest measure in Q2 2026 is assets per employee ($8.0M vs. a $7.6M peer median). Its weakest relative measure is efficiency ratio (77.12% vs. 75.79%).
| Measure | The Milford Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.65% | 0.64% | Middle third Ahead of 55% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.62% | 3.33% | Middle third Ahead of 55% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 77.12% | 75.79% | Middle third Ahead of 36% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.0M | $7.6M | Middle third Ahead of 64% of peers |
| Loans to deposits Net loans and leases over total deposits. | 100.83% | 96.98% | Context |
What it means for lending operations
Its efficiency ratio of 77.12% is above the 75.79% 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
- Essex Bank Essex, CT · $537M
- Connecticut Community Bank, National Association Norwalk, CT · $526M
- Stafford Savings Bank Stafford Springs, CT · $507M
- Jewett City Savings Bank Jewett City, CT · $494M
- The First Bank of Greenwich Cos Cob, CT · $812M
- Fieldpoint Private Bank & Trust Greenwich, CT · $867M
Questions about The Milford Bank
How big is The Milford Bank?
The Milford Bank, established in 1872, is headquartered in Milford, CT. It reported $652M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is The Milford Bank's return on assets?
0.65% annualized in Q2 2026, against a 0.64% median for 11 CT banks with half to twice its assets, ahead of 55% of them.
What is The Milford Bank's efficiency ratio?
77.12% in Q2 2026: it spent about 77 cents in noninterest expense for each dollar of revenue. The peer median is 75.79%, and lower is better.
Is The Milford Bank growing its loans?
Net loans grew 4.6% over the year to Q2 2026, while deposits grew 1.3%.
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 CT 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 Connecticut bank ranked.