Ion Bank

Established in 1870

About Ion Bank

Ion Bank was established on 1870. The bank's headquarters are located at 251 Church Street in Naugatuck, Connecticut. It has 5 branches.

Ion Bank is an FDIC insured bank with FDIC number 18198 managing assets to the value of $1,661,727 as of 12/31/2020.

Ion Bank has a Texas ratio of 11.47%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

11.47%
Texas Ratio
FDIC Certificate #

18198

Active Insured Since #

1/7/1960

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $1,661,727
Equity Capital $131,479
Total Deposits $1,415,039
Total Liabilities $1,530,248
Total Securities $87,901
Net Loans And Leases $1,221,182
Loan Loss Allowance $15,613
Total Loans And Leases $1,236,795
YTD (as of 12/31/2020)
Return On Assets 0.51%
Return On Equity 6.36%
Total Interest Income $54,062
Total Interest Expense $6,632
Total Non Interest Income $12,441
Total Non Interest Expense $46,934

Headquarters

251 Church Street 6770, Naugatuck

Ion Bank branches near me

290.61 miles
282.43 miles
292.66 miles
303.33 miles

Total Loans and Leases Statistics

Total Loans and Leases $1,236,795 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Ion Bank Mortgage Loans Profile

Classic Bank

72.71%

Application Approval Rate

Classic Bank

$345,388

Average Mortgage Loan Amount

Classic Bank

425

Number of Loan Applications

Classic Bank

$147,982

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 New Haven

Number of Loan Applications
317
Average Loan Amount
$172,523
Approval Rate
68.77%
Average Income of Approved Loans’ Applicants
$136,128

2 Litchfield

Number of Loan Applications
42
Average Loan Amount
$192,353
Approval Rate
80.95%
Average Income of Approved Loans’ Applicants
$115,250

3 Hartford

Number of Loan Applications
36
Average Loan Amount
$265,000
Approval Rate
88.89%
Average Income of Approved Loans’ Applicants
$170,581

4 Fairfield

Number of Loan Applications
19
Average Loan Amount
$1,473,824
Approval Rate
89.47%
Average Income of Approved Loans’ Applicants
$294,455

5 Middlesex

Number of Loan Applications
5
Average Loan Amount
$145,000
Approval Rate
40.00%
Average Income of Approved Loans’ Applicants
$846,000

6 New London

Number of Loan Applications
4
Average Loan Amount
$3,352,500
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$328,500

Top States by Number of Mortgage Loan Applications

1 Connecticut

Number of Loan Applications
423
Average Loan Amount
$297,671
Approval Rate
72.58%
Average Income of Approved Loans’ Applicants
$147,982

2 Maine

Number of Loan Applications
2
Average Loan Amount
$7,670,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$0