Ascend Bank: how it compares with its peers
Against 15 CT banks with half to twice its assets, Ascend Bank's strongest measure in Q2 2026 is return on assets (1.03% vs. a 0.75% peer median). Its weakest relative measure is net interest margin (3.45% vs. 3.34%).
| Measure | Ascend Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.03% | 0.75% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.45% | 3.34% | Middle third Ahead of 53% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.45% | 72.60% | Middle third Ahead of 60% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.7M | $8.5M | Middle third Ahead of 53% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.48% | 98.78% | Context |
What it means for lending operations
Its efficiency ratio of 67.45% is better than the 72.60% 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
- Patriot Bank, National Association Stamford, CT · $1.32B
- Ives Bank Danbury, CT · $1.73B
- Northwest Community Bank Winsted, CT · $1.26B
- Chelsea Groton Bank Groton, CT · $1.75B
- Dime Bank Norwich, CT · $1.21B
- Newtown Savings Bank Newtown, CT · $1.87B
Questions about Ascend Bank
How big is Ascend Bank?
Ascend Bank, established in 1875, is headquartered in Guilford, CT. It reported $1.49B in total assets in its Q2 2026 FDIC call report and operates 13 offices.
What is Ascend Bank's return on assets?
1.03% annualized in Q2 2026, against a 0.75% median for 15 CT banks with half to twice its assets, ahead of 73% of them.
What is Ascend Bank's efficiency ratio?
67.45% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 72.60%, and lower is better.
Is Ascend Bank growing its loans?
Net loans grew 29.8% over the year to Q2 2026, while deposits grew 26.1%.
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 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.