Essex Bank: how it compares with its peers
Against 10 CT banks with half to twice its assets, Essex Bank's strongest measure in Q2 2026 is return on assets (1.10% vs. a 0.65% peer median). Its weakest relative measure is assets per employee ($4.0M vs. $8.5M).
| Measure | Essex Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.10% | 0.65% | Top third Ahead of 80% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.71% | 3.40% | Top third Ahead of 70% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 82.46% | 75.05% | Bottom third Ahead of 20% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.0M | $8.5M | Bottom third Ahead of 0% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.67% | 97.94% | Context |
What it means for lending operations
Its efficiency ratio of 82.46% is above the 75.05% 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
- Connecticut Community Bank, National Association Norwalk, CT · $526M
- Stafford Savings Bank Stafford Springs, CT · $507M
- Jewett City Savings Bank Jewett City, CT · $494M
- The Milford Bank Milford, CT · $652M
- The National Iron Bank Salisbury, CT · $318M
- The First Bank of Greenwich Cos Cob, CT · $812M
Questions about Essex Bank
How big is Essex Bank?
Essex Bank, established in 1851, is headquartered in Essex, CT. It reported $537M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is Essex Bank's return on assets?
1.10% annualized in Q2 2026, against a 0.65% median for 10 CT banks with half to twice its assets, ahead of 80% of them.
What is Essex Bank's efficiency ratio?
82.46% in Q2 2026: it spent about 82 cents in noninterest expense for each dollar of revenue. The peer median is 75.05%, and lower is better.
Is Essex Bank growing its loans?
Net loans grew 1.2% over the year to Q2 2026, while deposits grew 3.7%.
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.