Amalgamated Bank
New York, New York · $9.41B in assets · beside the 11 other New York banks between $3B and $10B
The filing
Amalgamated Bank is the largest of the 12 New York banks nearest its size between $3B and $10B, with $9.41B in assets at 30 June 2026. Loans are 60.7% of deposits, 2nd of 12 against a median of 89.6%, and equity is 9.2% of assets, 8th of 10. Loans grew +9.2% in the year, 3rd of 12, and deposits grew 9.3%; the cohort's median loan growth is +4.5%.
Noncurrent loans are 1.99% of the book, the highest in the cohort against a median of 0.71%; 0.64% is 30 to 89 days past due, and the allowance covers them 0.7 times. Net charge-offs are 0.25% of loans, 7th of 10. Commercial real estate is 44.1% of loans, 9th of 12 against a median of 36.1%, and 235% of capital, below the 300% screen, with construction at 2% against the 100% screen. CRE has grown +59.3% over 36 months, past the guidance's 50% prong.
Return on assets is 1.31%, 4th of 10 against a median of 1.23%, on an efficiency ratio of 47.7%, the lowest in the cohort. Five years ago it was 0.71%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.
Commercial real estate against capital
| Amalgamated Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 235% | 4th of 10 | 243% |
| Construction against capital, the 100% screen | 2% | 3rd of 10 | 12% |
| Construction and land development, share of loans | 0.3% | 5th of 12 | 0.9% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 7.7% | 3rd of 10 | 11.7% |
| Total CRE, the guidance definition, share of loans | 44.1% | 9th of 12 | 36.1% |
| CRE growth over 36 months, the third prong | +59.3% | 9th of 10 | +24.8% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $9.41B | 1.3% | 47.7% | 1.99% | 0.25% | 1.3% | 60.7% | 9.2% | |
| $8.86B | 1.2% | 52.2% | 0.91% | 1.27% | 0.8% | 94.3% | 10.9% | |
| $8.79B | 1.4% | 53.1% | 0.80% | 0.07% | 0.9% | 92.1% | 9.3% | |
| $7.55B | 0.7% | 67.3% | 1.85% | 0.18% | 0.7% | 81.1% | 12.8% | |
| $7.42B | no record | no record | 0.00% | no record | no record | 67.9% | no record | |
| $6.93B | no record | no record | 0.00% | no record | no record | 86.4% | no record | |
| $6.52B | 1.0% | 54.8% | 0.40% | 0.00% | 1.0% | 94.6% | 8.5% | |
| $6.29B | 1.4% | 52.1% | 0.82% | 0.27% | 1.0% | 89.6% | 10.8% | |
| $5.50B | 1.0% | 52.3% | 0.62% | 0.28% | 1.0% | 92.6% | 13.1% | |
| $5.41B | 1.3% | 59.2% | 0.83% | 0.10% | 0.9% | 89.7% | 8.9% | |
| $4.46B | 1.1% | 60.7% | 0.24% | 0.09% | 1.0% | 95.1% | 9.5% | |
| $4.16B | 3.2% | 79.4% | 0.00% | 0.00% | 0.0% | 32.7% | 10.0% |
| Amalgamated Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $3.19B | $5.15B | +62% | $3.18B | $4.42B | +39% |
| Deposits | $5.91B | $8.49B | +44% | $3.74B | $5.50B | +47% |
| NPA / loans | 1.63% | 1.99% | +0.36 pts | 0.26% | 0.71% | +0.45 pts |
| Efficiency | 69.1% | 47.7% | -21.5 pts | 57.2% | 54.0% | -3.3 pts |
| ROA | 0.71% | 1.31% | +0.61 pts | 1.37% | 1.23% | -0.14 pts |
This read was prepared for Amalgamated Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Amalgamated Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort NY banks $3B to $10B
Institution AMALGAMATEDBANK.COM
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