ableBanking

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

FDIC

ableBanking is headquartered in Lewiston and is the 14st largest bank in the state of Maine. It is also the 954th largest bank in the nation. It was established in 1872 and as of December of 2012, it had grown to 219 employees at 12 locations. ableBanking's money market rates are 82% higher than the national average, and it boasts a 5-star health rating.

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See Rates for: Savings | Money Market | CD

ableBanking Savings Account Rates

ApyMinMaxProduct
0.80%$1k-Money Market Savings

ableBanking Money Market Rates

ApyMinMaxProduct
0.80%$1k-Personal Money Market

ableBanking CD Rates

ApyMinMaxProduct
1.10%$1k$240k4 Year CD
1.00%$1k$240k3 Year CD
0.90%$1k$240k2 Year CD
0.80%$1k$240k1 Year CD
0.50%$1k$240k6 Month CD

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


Northeast Bank
FDIC Certificate #19690
BankRate ReportView
Year Established1872
Employees219
Primary RegulatorFED

Assets and Liabilities

Assets$697.96 million
Loans$397.66 million
Deposits$539.46 million
Equity Capital$82.97 million
Loan Loss Allowance$4.42 million
Unbacked Noncurrent Loans$7.62 million
Real Estate Owned$2.73 million

Historic Data - December 2011

Assets$587.09 million
Equity Capital$71.68 million
Loan Loss Allowance$5.44 million
Unbacked Noncurrent Loans$7.43 million
Real Estate Owned$824,000

Profit Margin - Quarterly

Net Interest Margin3.66%
Return on Assets0.56%
Return on Equity4.78%
Interest Income$30.61 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 ableBanking had $10.34 million in non-current loans and owned real-estate with $87.4 million in equity and loan loss allowances on hand to cover it. This gives ableBanking a Texas Ratio of 11.83% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for ableBanking held steady from 11.98% as of December 31, 2011 to 11.83% as of December 31, 2012, resulting in a positive change of 1.18%.This indicates that the balance sheet and financial strength for ableBanking has held steady in recent periods.
Deposit Growth5
In the past year, ableBanking has increased its total deposits by $137.91 million, resulting in 34.34% 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.
Capitalization5
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 $697.96 million in assets with $87.4 million in equity, resulting in a capitalization level of 12.52%, which is excellent.
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