The National Iron Bank: how it compares with its peers
Against 999 U.S. banks with half to twice its assets, The National Iron Bank's strongest measure in Q2 2026 is assets per employee ($9.1M vs. a $6.7M peer median). Its weakest relative measure is net interest margin (3.08% vs. 3.94%).
| Measure | The National Iron Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.82% | 1.29% | Bottom third Ahead of 23% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.08% | 3.94% | Bottom third Ahead of 11% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.90% | 62.00% | Bottom third Ahead of 30% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.1M | $6.7M | Top third Ahead of 82% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.62% | 78.87% | Context |
What it means for lending operations
Its efficiency ratio of 69.90% is above the 62.00% 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
- Centera Bank Sublette, KS · $318M
- Bank of Yazoo City Yazoo City, MS · $318M
- Bank of York York, SC · $318M
- Community State Bank of Rock Falls Rock Falls, IL · $318M
- Putnam County State Bank Unionville, MO · $318M
- Alden State Bank Alden, MI · $318M
Questions about The National Iron Bank
How big is The National Iron Bank?
The National Iron Bank, established in 1847, is headquartered in Salisbury, CT. It reported $318M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is The National Iron Bank's return on assets?
0.82% annualized in Q2 2026, against a 1.29% median for 999 U.S. banks with half to twice its assets, ahead of 23% of them.
What is The National Iron Bank's efficiency ratio?
69.90% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 62.00%, and lower is better.
Is The National Iron Bank growing its loans?
Net loans grew 4.5% over the year to Q2 2026, while deposits grew 6.6%.
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 U.S. 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.