Ascend Bank
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Data as of · sourced from FFIEC call reports. How we update
Ascend Bank is an FDIC-insured savings bank headquartered in Guilford, CT, established in 1875 (FDIC certificate 18194), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.49B, up 26.3% from Q2 2025, the 11th largest of 27 banks headquartered in Connecticut. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.65% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18194
- Headquarters
- Guilford, CT
- Established
- 1875
- Total assets, Q2 2026
- $1.49B
- Assets vs Q2 2025
- +26.3%
- Tier 1 leverage ratio, Q2 2026
- 9.65%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 211170208
- Holding company
- ASCEND BANCORP, INC
- Asset rank in state
- 11th of 27 in Connecticut
Problem loans are rising at Ascend Bank. The Guilford, Connecticut bank had $1.5 billion in assets at June 30, 2026, up 26.3% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.50% of loans from 0.18% a year earlier. It grew its loan book 30.0% over the year, 5.1 times the median of 5.9% for the 895 banks with $1 billion to $10 billion in assets.
Earnings jumped: net income for the quarter was $4.4 million, 177% above the same quarter a year earlier. Over the same year, loans grew 30.0% and deposits grew 26.1%.
As of June 30, 2026, Ascend Bank reported a return on assets of 1.18%, a nonperforming-loan ratio of 0.50% and a Texas ratio of 4.11%. The figures come from its call report filed with the FFIEC.
Ascend Bank ranks as the 11th largest of the 27 banks based in Connecticut, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.4% to $1.49B, loans rose 2.8% and deposits rose 1.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 53.4% of total loans, ahead of non-owner-occupied commercial real estate loans at 17.9%. Its 14 offices in the FDIC Summary of Deposits are in 10 cities in CT; its Guilford 2 offices book 34% of its branch deposits. Judged on its Q2 2026 call report, Ascend Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1 Park St, Guilford, CT 06437
- County
- South Central Connecticut
- Metro Area
- New Haven, CT
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- December 6, 1875
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 171
- Domestic deposits
- $1.32B
- Allowance for credit losses
- $8.9M
- Net charge-offs (YTD)
- $349K
- Average total assets
- $1.51B
- Average total loans
- $1.14B
- Average interest-bearing deposits
- $1.15B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 1, 1960
- FDIC Cert
- 18194
- Fed RSSD
- 831008
- Website
- www.ascend.bank →
- Parent Holding Company
- ASCEND BANCORP, INC (RSSD 5419719)
- Ultimate Parent
- ASCEND MUTUAL HOLDING (RSSD 5419700)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Ascend Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Ascend Bank's total assets ranged from $1.08B (Q3 2023) to $1.49B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.49B total assets against $1.18B; $1.34B total liabilities against $1.06B.
$1.15B net loans and leases against $888.5M; $1.32B total deposits against $1.05B.
$192.3M securities against $198.8M; $47.2M cash and balances due against $27.0M.
$18.1M total interest income against $13.2M; $6.1M total interest expense against $5.2M.
$12.0M net interest income against $8.0M.
$2.5M total noninterest income against $1.9M; $9.7M total noninterest expense against $8.0M.
$429K provision for credit losses against $69K.
$4.4M net income against $1.6M.
1.18% return on assets against 0.54%; 3.41% net interest margin against 2.85%.
9.65% tier 1 leverage ratio against 10.91%.
Inside the full Ascend Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Ascend Bank rankings
Its closest position to the top of a national ranking is 734 of 4,196, for total assets; its furthest is 739 of 980, for uninsured deposits.
Banks merged into Ascend Bank
- Eastern Connecticut Savings Bank, effective July 1, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.06% (Q4 2024) to 1.18% (Q2 2026) and its net interest margin ran from 2.38% (Q3 2024) to 3.43% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.65% | 1.18% | 0.50% | 4.11% | 3.41% |
| Q1 2026 | 9.58% | 0.87% | 0.41% | 3.35% | 3.39% |
| Q4 2025 | 9.35% | 0.48% | 0.36% | 3.08% | 3.43% |
| Q3 2025 | 9.33% | 0.64% | 0.30% | 2.56% | 3.21% |
| Q2 2025 | 10.91% | 0.54% | 0.18% | 1.30% | 2.85% |
| Q1 2025 | 10.79% | 0.23% | 0.15% | 1.10% | 2.62% |
| Q4 2024 | 10.91% | 0.06% | 0.24% | 1.74% | 2.56% |
| Q3 2024 | 11.09% | 0.38% | 0.22% | 1.54% | 2.38% |
Swipe the table sideways to see every column.
Branch Network
View all 14 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Ascend Bank (main office) | Guilford , CT | 06437 | $359.4M |
| North Main Street Branch | Branford , CT | 06405 | $209.8M |
| Madison Branch | Madison , CT | 06443 | $128.2M |
| Boston Post Road Branch | Old Saybrook , CT | 06475 | $102.6M |
| North Haven Branch | North Haven , CT | 06473 | $99.0M |
| The Guilford Plaza Branch | Guilford , CT | 06437 | $85.7M |
| Jewett City Branch | Jewett City , CT | 06351 | $74.5M |
| Northford Branch Office | Northford , CT | 06472 | $59.1M |
| Plainfield Branch | Plainfield , CT | 06374 | $55.1M |
| West Side Office | Norwich , CT | 06360 | $43.3M |
| Norwichtown Branch | Norwich , CT | 06360 | $41.6M |
| Old Toll Road Branch | Madison , CT | 06443 | $36.8M |
| Eastern Connecticut Branch | Norwich , CT | 06360 | $23.4M |
| 95 Barnes Road Branch | Wallingford , CT | 06492 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2025 | Structure Change | Acquired Eastern Connecticut Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in CT, rank 21 of 46 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 389 applications, 297 loans originated, $99.1M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $6.7M approved, $2.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Ascend Bank
What are Ascend Bank's total assets?
As of the Q2 2026 filing, Ascend Bank reported total assets of $1.49 billion in its FFIEC call report.
Where is Ascend Bank headquartered?
It is headquartered in Guilford, CT, United States.
When was Ascend Bank founded?
It was established in 1875, per the FDIC institution directory.
Is Ascend Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #18194). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Ascend Bank?
Ascend Bank's primary federal regulator is the FDIC.
How many branches does Ascend Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Ascend Bank's Texas Ratio?
Its Texas Ratio is 4.11% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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