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1-888-I AM-ABLE (1-888-426-2253)
500 Canal Street
Lewiston, ME 04240

ableBanking is headquartered in Lewiston and is the 14st largest bank in the state of Maine. It is also the 915st largest bank in the nation. It was established in 1872 and as of March of 2014, it had grown to 190 employees at 12 locations. ableBanking's money market rates are 82% higher than the national average, and it has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 ableBanking had $9.49 million in non-current loans and owned real-estate with $100.74 million in equity and loan loss allowances on hand to cover it. This gives ableBanking a Texas Ratio of 9.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for ableBanking experienced no significant changes from 7.89% as of March 31, 2013 to 9.42% as of March 31, 2014, resulting in a negative change of 19.32%. This indicates that the balance sheet and financial strength for ableBanking has had no significant changes in recent periods.

Deposit Growth


In the past year, ableBanking has increased its total deposits by $55.85 million, resulting in 10.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth ableBanking has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. ableBanking has $745.37 million in assets with $100.74 million in equity, resulting in a capitalization level of 13.52%, which is excellent.

Institution Statistics

FDIC Certificate #19690
Year Established1872
Primary RegulatorFED
Assets and Liabilities
Assets$745.37 million
Loans$520.66 million
Deposits$588.22 million
Equity Capital$96.73 million
Loan Loss Allowance$4.01 million
Unbacked Noncurrent Loans$7.56 million
Real Estate Owned$1.92 million
Historic Data - March 2013
Assets$693.43 million
Equity Capital$94.79 million
Loan Loss Allowance$4.23 million
Unbacked Noncurrent Loans$7.56 million
Real Estate Owned$2.08 million
Profit Margin - Quarterly
Net Interest Margin4.07%
Return on Assets0.27%
Return on Equity2.03%
Interest Income$8.66 million
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ableBanking Savings Account Rates

0.80%$250-Money Market Savings

ableBanking Money Market Rates

0.80%$250-Personal Money Market

ableBanking CD Rates

1.65%$1k$240k4 Year CD
0.90%$1k$240k3 Year CD
0.70%$1k$240k2 Year CD
0.65%$1k$240k1 Year CD
0.40%$1k$240k6 Month CD

ableBanking is an Internet only bank and does not have branch locations. Its headquarters is located at 500 Canal Street - Lewiston, ME 04240