The Business Bank
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Data as of · sourced from FFIEC call reports. How we update
The Business Bank is an FDIC-insured commercial bank headquartered in South Burlington, VT, established in 2022 (FDIC certificate 59298), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $352.2M, up 30.7% from Q2 2025, the 9th largest of 12 banks headquartered in Vermont. Its CET1 capital ratio was 14.74% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59298
- Headquarters
- South Burlington, VT
- Established
- 2022
- Total assets, Q2 2026
- $352.2M
- Assets vs Q2 2025
- +30.7%
- CET1 ratio, Q2 2026
- 14.74%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 011601456
- Latest call report
- Q2 2026, FFIEC 051 · The Business Bank call report
- Asset rank in state
- 9th of 12 in Vermont
The Business Bank spends more to run itself than most banks of its size. The South Burlington, Vermont bank had $352 million in assets at June 30, 2026, up 30.7% from a year earlier. It loses about $0.49 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 99 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
It lost $394,000 in the quarter. Over the same year, loans grew 57.9% and deposits grew 28.1%. Its margin is thin by comparison: it keeps 3.02 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, The Business Bank reported a CET1 capital ratio of 14.74%, a return on assets of -0.49%, a nonperforming-loan ratio of 0.09% and a Texas ratio of 0.51%. The figures come from its call report filed with the FFIEC.
The Business Bank ranks as the 9th largest of the 12 banks based in Vermont, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 22.8% to $352.2M, loans rose 14.4% and deposits rose 23.9%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 30.3% of total loans, ahead of owner-occupied commercial real estate loans at 18.6%. The FDIC Summary of Deposits lists 2 offices for it, in S Burlington, VT and Portsmouth, NH; its S Burlington office books 91% of its branch deposits. On its Q2 2026 call report, The Business Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 30 Kimball Ave, South Burlington, VT 05403
- County
- Chittenden
- Metro Area
- Burlington-South Burlington, VT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 2, 2022
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 34
- Domestic deposits
- $310.8M
- Allowance for credit losses
- $2.5M
- Net charge-offs (YTD)
- -$5K
- Average total assets
- $323.3M
- Average total loans
- $220.8M
- Average interest-bearing deposits
- $282.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 2, 2022
- FDIC Cert
- 59298
- Fed RSSD
- 5760662
- Website
- www.thebusinessbank.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
The Business Bank's total assets moved between a low of $134.1M (Q3 2023) and a high of $352.2M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 2 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$352.2M total assets against $269.5M; $313.0M total liabilities against $243.6M.
$234.8M net loans and leases against $149.0M; $310.8M total deposits against $242.7M.
$45.4M securities against $79.7M; $68.0M cash and balances due against $38.6M.
$4.3M total interest income against $3.4M; $1.9M total interest expense against $1.9M.
$2.4M net interest income against $1.6M.
$21K total noninterest income against $18K; $2.4M total noninterest expense against $1.6M.
$419K provision for credit losses against $141K.
-$394K net income against $68K.
-0.49% return on assets against 0.10%; 3.02% net interest margin against 2.39%.
14.74% CET1 capital ratio against 16.04%; 12.40% tier 1 leverage ratio against 9.99%.
Inside the full The Business 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 exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
The Business Bank rankings
Its closest position to the top of a national ranking is 942 of 2,134, for CET1 ratio; its furthest is 3,547 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.05% (Q4 2025) to 0.10% (Q2 2025) and its net interest margin ran from 1.88% (Q3 2024) to 3.10% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.74% | -0.49% | 0.09% | 0.51% | 3.02% |
| Q1 2026 | 15.57% | -0.15% | 0.00% | 0.00% | 3.10% |
| Q4 2025 | 18.73% | -1.05% | 0.00% | 0.00% | 2.79% |
| Q3 2025 | 14.87% | -0.26% | 0.00% | 0.00% | 2.45% |
| Q2 2025 | 16.04% | 0.10% | 0.00% | 0.00% | 2.39% |
| Q1 2025 | 16.99% | 0.02% | 0.00% | 0.00% | 2.27% |
| Q4 2024 | 16.78% | -0.66% | 0.00% | 0.00% | 2.17% |
| Q3 2024 | — | -0.76% | 0.00% | 0.00% | 1.88% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| The Business Bank (main office) | S Burlington , VT | 05403 | $282.1M |
| Portsmouth Branch | Portsmouth , NH | 03801 | $28.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.5% of deposits in VT, rank 16 of 24 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 The Business Bank
What are The Business Bank's total assets?
As of the Q2 2026 filing, The Business Bank reported total assets of $352.2 million in its FFIEC call report.
Where is The Business Bank headquartered?
It is headquartered in South Burlington, VT, United States.
When was The Business Bank founded?
It was established in 2022, per the FDIC institution directory.
Is The Business Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59298). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Business Bank?
The Business Bank's primary federal regulator is the FDIC.
What is The Business Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.74% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Business Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Business Bank's Texas Ratio?
Its Texas Ratio is 0.51% 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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