Piermont Bank: how it compares with its peers
Against 37 NY banks with half to twice its assets, Piermont Bank's strongest measure in Q2 2026 is assets per employee ($10.5M vs. a $7.1M peer median). Its weakest relative measure is efficiency ratio (159.07% vs. 74.27%).
| Measure | Piermont Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | -1.96% | 0.68% | Bottom third Ahead of 3% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.27% | 3.74% | Bottom third Ahead of 8% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 159.07% | 74.27% | Bottom third Ahead of 0% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.5M | $7.1M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.31% | 88.58% | Context |
What it means for lending operations
Its efficiency ratio of 159.07% is above the 74.27% 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
- Rondout Savings Bank Kingston, NY · $512M
- Champlain National Bank Elizabethtown, NY · $497M
- Fulton Savings Bank Fulton, NY · $492M
- Wallkill Valley Federal Savings and Loan Association Wallkill, NY · $485M
- Cross County Savings Bank Middle Village, NY · $525M
- The Berkshire Bank New York, NY · $530M
Questions about Piermont Bank
How big is Piermont Bank?
Piermont Bank, established in 2019, is headquartered in New York, NY. It reported $505M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Piermont Bank's return on assets?
-1.96% annualized in Q2 2026, against a 0.68% median for 37 NY banks with half to twice its assets, ahead of 3% of them.
What is Piermont Bank's efficiency ratio?
159.07% in Q2 2026: it spent about 159 cents in noninterest expense for each dollar of revenue. The peer median is 74.27%, and lower is better.
Is Piermont Bank growing its loans?
Net loans grew 10.1% over the year to Q2 2026, while deposits grew 2.4%.
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 NY 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.