Union Savings Bank (Danbury, CT)
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Data as of · sourced from FFIEC call reports. How we update
Union Savings Bank is an FDIC-insured savings bank headquartered in Danbury, CT, established in 1866 (FDIC certificate 18190), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $3.30B, up 4.6% from Q2 2025, the 3rd largest of 27 banks headquartered in Connecticut. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.48% 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
- 18190
- Headquarters
- Danbury, CT
- Established
- 1866
- Total assets, Q2 2026
- $3.30B
- Assets vs Q2 2025
- +4.6%
- Tier 1 leverage ratio, Q2 2026
- 11.48%
- Domestic offices
- 26 FDIC institution directory, current count
- Routing number
- 221172241
- Latest call report
- Q2 2026, FFIEC 051 · Union Savings Bank call report
- Holding company
- USB BANCORP, INC.
- Asset rank in state
- 3rd of 27 in Connecticut
Union Savings Bank, based in Danbury, Connecticut, reported $3.3 billion in assets at June 30, 2026, up 4.6% from a year earlier. It keeps 3.02 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also holds commercial real estate loans worth 3.2 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
Earnings jumped: net income for the quarter was $7.0 million, 32% above the same quarter a year earlier. Unrealized losses on its securities total $90 million, equal to 23% of Tier 1 capital, against 28% a year earlier. Profitability lags: it earns about $0.83 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.29).
As of June 30, 2026, Union Savings Bank reported a return on assets of 0.83%, a nonperforming-loan ratio of 0.29% and a Texas ratio of 2.07%. The figures come from its call report filed with the FFIEC.
Of the 27 banks headquartered in Connecticut, Union Savings Bank is the 3rd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets were flat, loans rose 2.8% and deposits rose 1.1%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 37.8% of total loans, followed by 1-4 family residential loans at 36.4%. The FDIC Summary of Deposits lists 26 offices for it, in 18 cities in CT; its Danbury 6 offices book 32% of its branch deposits. Judged on its Q2 2026 call report, Union Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 226 Main St, Danbury, CT 06810
- County
- Western Connecticut
- Metro Area
- Bridgeport-Stamford-Danbury, 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 2, New York
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 1, 1866
- Former names
- The Union Savings Bank of Danbury (1972-1996)
- Domestic offices
- 26 FDIC institution directory, current count
- Employees (FTE)
- 364
- Domestic deposits
- $2.55B
- Allowance for credit losses
- $24.4M
- Net charge-offs (YTD)
- -$107K
- Average total assets
- $3.39B
- Average total loans
- $2.34B
- Average interest-bearing deposits
- $1.84B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 1, 1960
- FDIC Cert
- 18190
- Fed RSSD
- 443205
- Website
- https://www.unionsavings.com →
- Parent Holding Company
- USB BANCORP, INC. (RSSD 5301421)
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, Union Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Union Savings Bank's total assets moved between a low of $3.01B (Q4 2023) and a high of $3.30B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.30B total assets against $3.16B; $2.98B total liabilities against $2.87B.
$2.36B net loans and leases against $2.19B; $2.55B total deposits against $2.40B.
$510.0M securities against $598.0M; $187.8M cash and balances due against $123.4M.
$36.1M total interest income against $33.2M; $12.2M total interest expense against $12.0M.
$23.9M net interest income against $21.2M.
$5.7M total noninterest income against $5.1M; $20.5M total noninterest expense against $19.3M.
$426K provision for credit losses against $425K.
$7.0M net income against $5.3M.
0.83% return on assets against 0.66%; 3.02% net interest margin against 2.86%.
11.48% tier 1 leverage ratio against 11.50%.
Inside the full Union Savings 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).
Union Savings Bank rankings
Its closest position to the top of a national ranking is 381 of 4,196, for total assets; its furthest is 2,850 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.22% (Q4 2024) to 0.83% (Q2 2026) and its net interest margin ran from 2.42% (Q3 2024) to 3.02% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.48% | 0.83% | 0.29% | 2.07% | 3.02% |
| Q1 2026 | 11.41% | 0.76% | 0.31% | 2.24% | 2.93% |
| Q4 2025 | 11.33% | 0.43% | 0.33% | 2.43% | 2.88% |
| Q3 2025 | 11.53% | 0.68% | 0.34% | 2.48% | 2.93% |
| Q2 2025 | 11.50% | 0.66% | 0.38% | 2.86% | 2.86% |
| Q1 2025 | 11.33% | 0.65% | 0.40% | 2.99% | 2.72% |
| Q4 2024 | 11.14% | -0.22% | 0.56% | 4.40% | 2.47% |
| Q3 2024 | 11.32% | 0.34% | 0.72% | 5.13% | 2.42% |
Swipe the table sideways to see every column.
Branch Network
View all 26 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 |
|---|---|---|---|
| Union Savings Bank (main office) | Danbury , CT | 06810 | $386.9M |
| Brookfield I Branch | Brookfield , CT | 06804 | $198.8M |
| New Milford Ii Branch | New Milford , CT | 06776 | $185.2M |
| Bethel Branch | Bethel , CT | 06801 | $179.1M |
| North Street Branch | Danbury , CT | 06811 | $172.0M |
| New Fairfield Branch | New Fairfield , CT | 06812 | $167.4M |
| Litchfield Branch | Litchfield , CT | 06759 | $127.5M |
| Mill Plain Branch | Danbury , CT | 06811 | $99.9M |
| Commerce Branch | Danbury , CT | 06810 | $89.2M |
| Ridgefield Branch | Ridgefield , CT | 06877 | $87.3M |
| New Milford I Branch | New Milford , CT | 06776 | $84.8M |
| Washington Depot Branch | Washington Depot , CT | 06794 | $74.6M |
| Monroe Branch | Monroe , CT | 06468 | $71.8M |
| Southbury Branch | Southbury , CT | 06488 | $66.7M |
| Newtown Branch | Newtown , CT | 06470 | $64.6M |
| South Main Branch | Danbury , CT | 06810 | $64.0M |
| Stony Hill Branch | Bethel , CT | 06801 | $61.3M |
| Hilltop Branch | Torrington , CT | 06790 | $55.7M |
| Canton Branch | Canton , CT | 06019 | $54.3M |
| Kent Branch | Kent , CT | 06757 | $51.5M |
| Goshen Branch | Goshen , CT | 06756 | $50.3M |
| Torrington North Branch | Torrington , CT | 06790 | $46.2M |
| Marble Dale | New Preston Marble Dale , CT | 06777 | $42.7M |
| Roxbury Branch | Roxbury , CT | 06783 | $37.7M |
| Norwalk Branch | Norwalk , CT | 06851 | $20.1M |
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 |
|---|---|---|---|
| April 8, 2010 | Structure Change | Acquired The First National Bank of Litchfield Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 7, 2010 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 7, 1992 | Structure Change | Acquired Greenwood Bank of Bethel Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 6, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.4% of deposits in CT, rank 11 of 46 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 929 applications, 643 loans originated, $251.3M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 8 loans, $1.6M approved, $199K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 Union Savings Bank
What are Union Savings Bank's total assets?
As of the Q2 2026 filing, Union Savings Bank reported total assets of $3.30 billion in its FFIEC call report.
Where is Union Savings Bank headquartered?
It is headquartered in Danbury, CT, United States.
When was Union Savings Bank founded?
It was established in 1866, per the FDIC institution directory.
Is Union Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #18190). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Union Savings Bank?
Union Savings Bank's primary federal regulator is the FDIC.
How many branches does Union Savings Bank operate?
It operates 26 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Union Savings Bank's Texas Ratio?
Its Texas Ratio is 2.07% 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 Union Savings Bank previously called?
The charter now named Union Savings Bank has also operated as The Union Savings Bank of Danbury (1972-1996), per FDIC structure-change records.
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