Union Savings Bank: how it compares with its peers
Against 8 CT banks with half to twice its assets, Union Savings Bank's strongest measure in Q2 2026 is efficiency ratio (69.65% vs. a 67.36% peer median). Its weakest relative measure is net interest margin (3.10% vs. 3.52%).
| Measure | Union Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.81% | 1.00% | Middle third Ahead of 38% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.10% | 3.52% | Bottom third Ahead of 13% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.65% | 67.36% | Middle third Ahead of 50% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.1M | $8.9M | Middle third Ahead of 50% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.62% | 97.57% | Context |
What it means for lending operations
Its efficiency ratio of 69.65% is better than the 67.36% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Bankwell Bank New Canaan, CT · $3.47B
- Ion Bank Naugatuck, CT · $2.78B
- First County Bank Stamford, CT · $2.42B
- Thomaston Savings Bank Thomaston, CT · $1.93B
- Fairfield County Bank Ridgefield, CT · $1.92B
- Newtown Savings Bank Newtown, CT · $1.87B
Questions about Union Savings Bank
How big is Union Savings Bank?
Union Savings Bank, established in 1866, is headquartered in Danbury, CT. It reported $3.30B in total assets in its Q2 2026 FDIC call report and operates 26 offices.
What is Union Savings Bank's return on assets?
0.81% annualized in Q2 2026, against a 1.00% median for 8 CT banks with half to twice its assets, ahead of 38% of them.
What is Union Savings Bank's efficiency ratio?
69.65% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 67.36%, and lower is better.
Is Union Savings Bank growing its loans?
Net loans grew 7.6% over the year to Q2 2026, while deposits grew 6.5%.
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.