The National Iron Bank
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Data as of · sourced from FFIEC call reports. How we update
The National Iron Bank is an FDIC-insured commercial bank headquartered in Salisbury, CT, established in 1847 (FDIC certificate 2496), and it is supervised by the OCC. At Q2 2026 it reported total assets of $318.0M, up 6.6% from Q2 2025, the 25th largest of 27 banks headquartered in Connecticut. Its CET1 capital ratio was 16.00% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 2496
- Headquarters
- Salisbury, CT
- Established
- 1847
- Total assets, Q2 2026
- $318.0M
- Assets vs Q2 2025
- +6.6%
- CET1 ratio, Q2 2026
- 16.00%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 011102638
- Latest call report
- Q2 2026, FFIEC 051 · The National Iron Bank call report
- Holding company
- IRON BANCSHARES, INC.
- Asset rank in state
- 25th of 27 in Connecticut
The National Iron Bank operates with a thinner capital cushion than most banks of its size. The Salisbury, Connecticut bank had $318 million in assets at June 30, 2026, up 6.6% from a year earlier. It funds 8.48% of its assets with Tier 1 capital, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). On the other hand, it carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 2.6%).
Its margin is thin by comparison: it keeps 3.05 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, The National Iron Bank reported a CET1 capital ratio of 16.00%, a return on assets of 0.93%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 27 banks headquartered in Connecticut, The National Iron Bank is the 25th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.5% to $318.0M, loans rose 2.1% and deposits fell 0.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 89.0% of total loans, ahead of construction and land development loans at 3.3%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in CT; its Washington Depot office books 42% of its branch deposits. On its Q2 2026 call report, The National Iron Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 195 Main St, Salisbury, CT 06068
- County
- Northwest Hills
- Metro Area
- Torrington, CT
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 17, 1847
- Former names
- The National Iron Bank (1997)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 35
- Domestic deposits
- $291.4M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $320.8M
- Average total loans
- $257.2M
- Average interest-bearing deposits
- $256.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2496
- Fed RSSD
- 1008209
- SEC CIK
- 1812555 → filed by IRON BANCSHARES, INC.
- Website
- www.ironbank.com →
- Parent Holding Company
- IRON BANCSHARES, INC. (RSSD 2606693)
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 National Iron Bank's total assets moved between a low of $295.2M (Q4 2024) and a high of $335.3M (Q4 2025) from Q3 2023 to 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
$318.0M total assets against $298.3M; $292.0M total liabilities against $273.9M.
$261.2M net loans and leases against $249.9M; $291.4M total deposits against $273.5M.
$44.3M securities against $37.7M; $9.9M cash and balances due against $7.9M.
$3.6M total interest income against $3.2M; $1.2M total interest expense against $1.3M.
$2.4M net interest income against $2.0M.
$174K total noninterest income against $581K; $1.8M total noninterest expense against $1.7M.
$28K provision for credit losses against $100K.
$747K net income against $727K.
0.93% return on assets against 0.98%; 3.05% net interest margin against 2.66%.
16.00% CET1 capital ratio against 16.56%; 8.48% tier 1 leverage ratio against 8.81%.
Inside the full The National Iron Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe National Iron Bank rankings
Its closest position to the top of a national ranking is 710 of 2,134, for CET1 ratio; its furthest is 3,459 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.31% (Q4 2025) to 0.98% (Q2 2025) and its net interest margin ran from 2.33% (Q3 2024) to 3.05% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.00% | 0.93% | 0.00% | 0.00% | 3.05% |
| Q1 2026 | 16.02% | 0.74% | 0.00% | 0.00% | 2.99% |
| Q4 2025 | 15.97% | 0.31% | 0.00% | 0.00% | 2.89% |
| Q3 2025 | 16.31% | 0.51% | 0.00% | 0.00% | 2.74% |
| Q2 2025 | 16.56% | 0.98% | 0.00% | 0.00% | 2.66% |
| Q1 2025 | 16.72% | 0.45% | 0.02% | 0.20% | 2.62% |
| Q4 2024 | 16.57% | 0.60% | 0.00% | 0.00% | 2.42% |
| Q3 2024 | 16.55% | 0.40% | 0.00% | 0.00% | 2.33% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Washington Depot Branch | Washington Depot , CT | 06794 | $123.3M |
| Norfolk Branch | Norfolk , CT | 06058 | $65.7M |
| The National Iron Bank | Salisbury , CT | 06068 | $59.9M |
| The Cornwall Branch | Cornwall Bridge , CT | 06754 | $42.6M |
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, 1966 | Structure Change | Acquired Norfolk 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 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- July 11, 2023, OCC: Formal Agreement: The National Iron Bank
- Period: Most recent institution action July 11, 2023. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in CT, rank 41 of 46 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $50K approved, $50K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2000 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), 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 National Iron Bank
What are The National Iron Bank's total assets?
As of the Q2 2026 filing, The National Iron Bank reported total assets of $318.0 million in its FFIEC call report.
Where is The National Iron Bank headquartered?
It is headquartered in Salisbury, CT, United States.
When was The National Iron Bank founded?
It was established in 1847, per the FDIC institution directory.
Is The National Iron Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #2496). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The National Iron Bank?
The National Iron Bank's primary federal regulator is the OCC.
What is The National Iron Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.00% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The National Iron Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The National Iron Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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.
What was The National Iron Bank previously called?
The charter now named The National Iron Bank has also operated as The National Iron Bank (1997), per FDIC structure-change records.
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