The Putnam County National Bank of Carmel: how it compares with its peers
Against 23 NY banks with half to twice its assets, The Putnam County National Bank of Carmel's strongest measure in Q2 2026 is return on assets (1.31% vs. a 0.68% peer median). Its weakest relative measure is assets per employee ($5.5M vs. $6.8M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.31% | 0.68% | Top third Ahead of 74% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.05% | 3.76% | Middle third Ahead of 57% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.97% | 77.57% | Top third Ahead of 74% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.5M | $6.8M | Bottom third Ahead of 27% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.87% | 88.73% | Context |
What it means for lending operations
Its efficiency ratio of 62.97% is better than the 77.57% 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
- Bank of Richmondville Cobleskill, NY · $186M
- Savannah Bank National Association Savannah, NY · $187M
- First Federal Savings of Middletown Middletown, NY · $188M
- Gouverneur Savings and Loan Association Gouverneur, NY · $199M
- Massena Savings and Loan Massena, NY · $200M
Questions about The Putnam County National Bank of Carmel
How big is The Putnam County National Bank of Carmel?
The Putnam County National Bank of Carmel, established in 1865, is headquartered in Carmel, NY. It reported $183M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is The Putnam County National Bank of Carmel's return on assets?
1.31% annualized in Q2 2026, against a 0.68% median for 23 NY banks with half to twice its assets, ahead of 74% of them.
What is The Putnam County National Bank of Carmel's efficiency ratio?
62.97% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 77.57%, and lower is better.
Is The Putnam County National Bank of Carmel growing its loans?
Net loans grew 2.4% over the year to Q2 2026, while deposits grew 5.4%.
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.