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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Connecticut, the state note

Union Savings Bank

Danbury, Connecticut · $3.30B in assets · beside the 11 other New England banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

0.29%
NPA / loans
2nd of 12
54.6%
CRE / loans
11th of 12
3.5x
Coverage of noncurrent
2nd of 12

Union Savings Bank is the sixth largest of the 12 New England banks nearest its size between $3B and $10B, with $3.30B in assets at 30 June 2026. Loans are 93.6% of deposits, 4th of 12 against a median of 98.8%, and equity is 9.9% of assets, 8th of 12. Loans grew +7.6% in the year, 4th of 12, and deposits grew 6.5%; the cohort's median loan growth is +4.8%.

Noncurrent loans are 0.29% of the book, 2nd of 12 against a median of 0.61%; 0.19% is 30 to 89 days past due, and the allowance covers them 3.5 times. Commercial real estate is 54.6% of loans, 11th of 12 against a median of 37.1%, and 336% of capital, above the 300% screen, with construction at 28% against the 100% screen.

Return on assets is 0.79%, 8th of 12 against a median of 1.02%, on an efficiency ratio of 69.7%, 8th of 12. Five years ago it was 0.60%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 7.2% of loans).

Commercial real estate, share of loansNew England banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 37.1% Uf Unibank for Savings 19.0% FN First National Bank 25.0% BC Bristol County Savings Bank 30.2% MB Mascoma Bank 32.0% NB Northern Bank & Trust Co. 32.3% P Peoplesbank 34.8% TB Trunorth Bank 39.4% B Banknewport 41.3% BB Bankwell Bank 42.9% CB Centreville Bank 45.2% US Union Savings Bank 54.6% HI Hingham Institution for Savings 71.6%
Loans, year over yearNew England banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +4.8% BB Bankwell Bank +10.9% BC Bristol County Savings Bank +8.9% CB Centreville Bank +8.6% US Union Savings Bank +7.6% TB Trunorth Bank +7.5% B Banknewport +5.8% NB Northern Bank & Trust Co. +3.8% MB Mascoma Bank +3.5% P Peoplesbank +3.1% Uf Unibank for Savings +3.1% FN First National Bank +1.2% HI Hingham Institution for Savings -0.7%

SBA 7(a), FY2008 to FY2026

Union Savings Bank is the 29th largest 7(a) lender into Connecticut of 230, with $28M across 213 loans, 0.7% of everything approved in the state (Webster Bank National Association leads with $446M). 6 of its 10 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Connecticut, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Litchfield, CT$15M1st of 5013.3%quiet FY2018
Fairfield, CT$9M17th of 941.5%thin
Hartford, CT$3M39th of 1010.5%quiet FY2018
Western Ct, CT$1M51st of 960.3%+0.4 pts
Capitol, CT$350K83rd of 1010.1%thin
New Haven, CT$350K76th of 1000.1%quiet FY2010
Nw Hills, CT$275K34th of 370.5%thin
Dutchess, NY$88K76th of 820.0%quiet FY2011
Naugatuck Vly, CT$75K66th of 700.0%quiet FY2022
Putnam, NY$75K48th of 520.1%quiet FY2011
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Retail trade53$7M24.2%0.01%597th of 2,589
Real estate & leasing4$3M11.1%0.03%442nd of 1,452
Construction32$3M9.0%0.01%821st of 2,063
Wholesale trade11$2M8.7%0.01%639th of 1,651
Other services20$2M8.4%0.01%805th of 2,248
7(a) lenders into Connecticut, share of approvals since FY2008230 lenders on record; the ten largest and Union Savings Bank
WB Webster Bank National Association 11.1% $446M · 1,608 loans Ma Manufacturers and Traders Trust C… 7.9% $315M · 2,046 loans LO Live Oak Banking Company 7.7% $307M · 252 loans NS Newtek Small Business Finance, In… 5.7% $227M · 276 loans KN KeyBank National Association 4.3% $173M · 570 loans TB TD Bank, National Association 4.3% $173M · 1,038 loans BB Beacon Bank and Trust 3.6% $146M · 418 loans CB Celtic Bank Corporation 3.4% $134M · 178 loans WF Wells Fargo Bank National Associa… 3.1% $126M · 350 loans LB Liberty Bank 2.7% $109M · 734 loans US Union Savings Bank 0.7% $28M · 213 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers, Union Savings Bank among them; owner-occupied excluded; bold marks a screen met
Union Savings BankRankCohort median
Total CRE against capital, the 300% screen336%11th of 12271%
Construction against capital, the 100% screen28%5th of 1240%
Construction and land development, share of loans4.5%5th of 125.2%
Non-owner-occupied nonfarm nonresidential, share of loans37.8%12th of 1219.8%
Total CRE, the guidance definition, share of loans54.6%11th of 1237.1%
CRE growth over 36 months, the third prong+37.3%10th of 12+15.5%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Peoplesbank$4.62B0.4%72.0%0.57%0.21%0.6%100.3%8.9%
Hingham Institution for Savings$4.56B1.2%36.3%0.78%0.00%0.8%150.5%11.1%
Bankwell Bank$3.47B1.6%44.2%0.54%0.01%1.0%97.4%10.2%
Northern Bank & Trust Co.$3.38B1.9%47.1%2.07%0.07%2.2%102.9%14.1%
Trunorth Bank$3.32B1.0%60.9%0.58%0.12%0.5%92.7%14.7%
Union Savings Bank$3.30B0.8%69.7%0.29%-0.01%1.0%93.6%9.9%
Bristol County Savings Bank$3.26B0.6%77.5%0.60%0.06%0.9%103.5%14.4%
First National Bank$3.18B1.2%51.3%0.75%0.20%1.0%90.4%8.3%
Centreville Bank$3.15B1.3%68.7%1.80%0.08%0.7%105.0%13.7%
Unibank for Savings$3.11B1.0%58.1%0.62%0.01%1.4%83.6%7.6%
Banknewport$3.07B0.6%69.7%0.95%0.02%1.0%101.9%9.9%
Mascoma Bank$3.03B0.5%83.9%0.15%0.01%0.8%95.8%8.5%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Union Savings BankCohort median
20212026Change20212026Change
Loans$1.80B$2.39B+33%$1.77B$2.51B+42%
Deposits$2.44B$2.55B+4%$2.18B$2.63B+21%
NPA / loans2.05%0.29%-1.76 pts0.58%0.61%+0.03 pts
Efficiency71.3%69.7%-1.6 pts64.4%64.8%+0.4 pts
ROA0.60%0.79%+0.19 pts1.17%1.02%-0.16 pts

This read was prepared for Union Savings 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 Union Savings Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort New England banks $3B to $10B
Institution www.unionsavings.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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