Vitals
  • Total Assets
    1.2B 8.3 %
  • Total Deposits
    978.0M 14.2 %
  • Total Net Loans
    991.6M 9.5 %
  • Net Income
    7.0M 98.7 %
  • Book Value
    100.6M 8.1 %
  • Book Value x2
    201.2M 8.1 %
  • Book Value x3
    301.8M 8.1 %
ROAA

.602

ROAE

7.306

Efficiency Ratio

80.279

Net Interest Margin

3.203

Balance Sheet Highlights
Financial Highlights Ion Bank All Insured Savings Banks in Connecticut
Balance Sheet $(000)
Total Assets 1,206,170 1,035,207
Total Net Loans 991,623 788,025
Total Deposits 977,994 806,060
Total Equity 100,600 120,046
Profitability
Net Income 6,973 6,667
Return on Average Assets .602 .734
Return on Average Equity 7.306 5.649
Net Interest Margin 3.203 3.099
Efficiency Ratio 80.279 79.091
Noninterest Income/Revenue 16.836 20.769
Balance Sheet Ratios
Loan-to-Deposit 101.394 88.88
Securities/Assets .074 .146
Total Equity/Total Assets .083 .116
Tangible Equity/Tangible Assets .081 .111
Capital Adequacy
Tier 1 Common Capital 111,033 116,350
Tier 1 Capital 111,033 116,350
Tier 2 Capital 9,481 7,969
Total Capital 120,514 124,274
Total Risk Weighted Assets 960,806 793,497
Leverage Ratio 9.25 12.795
Common Equity Tier 1 Capital Ratio 11.56 17.917
Tier 1 Capital Ratio 11.56 17.917
Total Capital Ratio 12.54 18.9

Timeline for Ion Bank

Ion Mortgage Corporation

Ion Mortgage Corporation became a new subsidiary organization for Ion Bank.

View Profile Jul 21 2011

Ion Investment Holding Company

Ion Investment Holding Company became a new subsidiary organization for Ion Bank.

View Profile Jul 21 2011

Castle Bank & Trust Company

Acquisition: Ion Bank acquired a new subsidiary, Castle Bank & Trust Company, 14 years

View Profile Aug 08 2009

Ion Financial Mhc

Ion Financial Mhc became a new parent organization for Ion Bank.

View Profile Mar 01 2005

Ion Bank

Ion Bank was established 154 years ago and is currently headquartered in Naugatuck, CT.

Jan 01 1870
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Castle Bank & Trust Company Seller 76,342 Acquisition Discontinued 8/8/2009
Relationships Role Relationship Start Relationship End
Ion Financial Mhc Parent 7/21/2011
Ion Financial Mhc Parent 3/1/2005 7/20/2011
Ion Mortgage Corporation Subsidary 7/21/2011
Ion Investment Holding Company Subsidary 7/21/2011
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