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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 925th largest bank in the nation. It was established in 1872 and as of December of 2013, it had grown to 197 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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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

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, 2013 ableBanking had $9.51 million in non-current loans and owned real-estate with $100.3 million in equity and loan loss allowances on hand to cover it. This gives ableBanking a Texas Ratio of 9.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for ableBanking decreased slightly from 11.56% as of December 31, 2012 to 9.48% as of December 31, 2013, resulting in a positive change of 17.94%.This indicates that the balance sheet and financial strength for ableBanking has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, ableBanking has increased its total deposits by $25.75 million, resulting in 4.77% 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.

Capitalization

GRADE:
A+

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 $727.26 million in assets with $100.3 million in equity, resulting in a capitalization level of 13.79%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #19690
Year Established1872
Employees197
Primary RegulatorFED
Assets and Liabilities
Assets$727.26 million
Loans$505.24 million
Deposits$565.22 million
Equity Capital$96.25 million
Loan Loss Allowance$4.05 million
Unbacked Noncurrent Loans$6.24 million
Real Estate Owned$3.27 million
Historic Data - December 2012
Assets$697.96 million
Equity Capital$82.97 million
Loan Loss Allowance$4.42 million
Unbacked Noncurrent Loans$6.24 million
Real Estate Owned$2.73 million
Profit Margin - Quarterly
Net Interest Margin4.88%
Return on Assets0.65%
Return on Equity4.94%
Interest Income$39.20 million
Rates
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Always verify rates and promotions with the bank or credit union. We are not ableBanking, we are a rate comparison website and can not provide official rates or promotions.

ableBanking Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.80%$250-Money Market Savings

ableBanking Money Market Rates

DetailsAPYMINMAXPRODUCT
0.80%$250-Personal Money Market

ableBanking CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$1k$240k4 Year CD
1.05%$1k$240k1 Year CD
0.90%$1k$240k3 Year CD
0.70%$1k$240k2 Year CD
0.40%$1k$240k6 Month CD
Locations

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