Emigrant Mercantile Bank: how it compares with its peers
Against 6 U.S. banks with half to twice its assets, Emigrant Mercantile Bank's strongest measure in Q2 2026 is efficiency ratio (89.29% vs. a 98.62% peer median). Its weakest relative measure is return on assets (0.29% vs. 0.41%).
| Measure | Emigrant Mercantile Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.29% | 0.41% | Bottom third Ahead of 33% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.22% | 3.13% | Middle third Ahead of 50% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 89.29% | 98.62% | Top third Ahead of 67% of peers |
| Loans to deposits Net loans and leases over total deposits. | 0.00% | 21.96% | Context |
What it means for lending operations
Its efficiency ratio of 89.29% is better than the 98.62% 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
- DSRM National Bank Albuquerque, NM · $4M
- Transact Bank, National Association Denver, CO · $6M
Questions about Emigrant Mercantile Bank
How big is Emigrant Mercantile Bank?
Emigrant Mercantile Bank, established in 2004, is headquartered in New York, NY. It reported $3M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Emigrant Mercantile Bank's return on assets?
0.29% annualized in Q2 2026, against a 0.41% median for 6 U.S. banks with half to twice its assets, ahead of 33% of them.
What is Emigrant Mercantile Bank's efficiency ratio?
89.29% in Q2 2026: it spent about 89 cents in noninterest expense for each dollar of revenue. The peer median is 98.62%, and lower is better.
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 New York bank ranked.