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30 Lisbon Street
Lewiston, ME 04240

Androscoggin Savings Bank is headquartered in Lewiston and is the 11st largest bank in the state of Maine. It is also the 860th largest bank in the nation. It was established in 1870 and as of June of 2014, it had grown to 137 employees at 12 locations. Androscoggin Savings Bank has a A health rating.

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Reviews (2)


I would not recommend this bank to ANYONE. While their staff is very nice, I've had an account with them for many years and unfortunately, my identity and security has been breached more times than I can count on one hand. I understand the breaches on large organizations such as Hannaford and TJMaxx, where they were out of the banks control. But most recently, my account information and all my money has been stolen by someone outside of the country. The last time, someone is Florida was running around with my information.

The first few times this happened they reassured me that this couldn't happen again, but now I am at wits end. Once I receive my money back, which could take up to 2 months, making it so all my bills bounce, charging ME fees and other things because their systems are NOT secure, I will be taking my money to a credit union. They will not be reimbursing me for the fees I have to pay because of their insecure systems. One of their representatives had remarked that this might be safer. This is very sad.

On top of this, I learned about this in a LETTER via regular USPS mail. Don't you think this requires a emergency phone call? Every penny I own was stolen and I physically cannot use my debit card, and they thought a letter was sufficient? This seems like poor business practices. 

Unfortunately, because I have a personal loan through Androscoggin, I have to keep a account with them, but it will be limited. 

In a time where NO bank seems good, it's almost worth paying BOA the $5 to ensure my money is in fact THERE. 

I cannot express my discontent with this bank, and while the bank representatives are sympathetic. They are not able to do anything for during the holiday season. Merry Christmas to me, as they admit that this has become an increasing problem for them.

Very sad. My recommendation if you are looking for a bank in Maine -- go for a credit union!

Very Pricey

Their overdraft fee is $30 where a lot of other banks charge a lot less. Even if you go over what you have with pennies you will be charged the $30. You always have to have $100 in savings or you will be charged every month. The bank now charges $5 a month if you do not meet certain standards. Pretty much if you do not want a bank to charge money for everything, steer clear of Androscoggin Bank.


Data for Q2 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 June 30, 2014 Androscoggin Savings Bank had $11.87 million in non-current loans and owned real-estate with $97.69 million in equity and loan loss allowances on hand to cover it. This gives Androscoggin Savings Bank a Texas Ratio of 12.15% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Androscoggin Savings Bank decreased slightly from 15.01% as of June 30, 2013 to 12.15% as of June 30, 2014, resulting in a positive change of 19.09%.This indicates that the balance sheet and financial strength for Androscoggin Savings Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Androscoggin Savings Bank has increased its total deposits by $41.08 million, resulting in 7.32% 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 Androscoggin Savings Bank 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. Androscoggin Savings Bank has $790.61 million in assets with $97.69 million in equity, resulting in a capitalization level of 12.36%, which is excellent.

Institution Statistics

FDIC Certificate #17751
Year Established1870
Primary RegulatorFDIC
Assets and Liabilities
Assets$790.61 million
Loans$647.30 million
Deposits$602.34 million
Equity Capital$90.42 million
Loan Loss Allowance$7.26 million
Unbacked Noncurrent Loans$7.86 million
Real Estate Owned$4.01 million
Historic Data - June 2013
Assets$749.15 million
Equity Capital$81.63 million
Loan Loss Allowance$7.20 million
Unbacked Noncurrent Loans$7.86 million
Real Estate Owned$4.03 million
Profit Margin - Quarterly
Return on Assets0.78%
Return on Equity6.83%
Interest Income$15.15 million

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Androscoggin Savings Bank Savings Account Rates

0.10%--Health Savings Account
0.07%$100k-Business Partners Savings
0.07%$100k-BlueWave Savings+
0.05%--Club Account
0.01%--IRA Saver Account
0.01%--BlueWave Savings

Androscoggin Savings Bank Money Market Rates

0.03%$25k-Business Money Market Account

Androscoggin Savings Bank Checking Account Rates

0.10%--Community NOW Checking
0.03%$25k-BlueWave Interest Checking

Androscoggin Savings Bank CD Rates

0.85%$500-5 Year CD
0.85%$500-5 Year Partners Plus CD
0.80%$500-4 Year Step up CD Special
0.65%$500-4 Year CD
0.65%$500-4 Year Partners Plus CD
0.50%$500-3 Year CD
0.50%$500-3 Year Partners Plus CD
0.35%$500-2 Year CD
0.35%$500-2 Year Partners Plus CD
0.30%$500-18 Month Fixed Rate CD
0.30%$500-18 Month Fixed Rate Partners Plus CD
0.30%$500-9 Month CD
0.30%$500-9 Month CD Special (Open in Branch only)
0.30%$500-9 Month Partners Plus CD
0.20%$500-6 Month CD
0.20%$500-1 Year CD
0.20%$500-6 Month Partners Plus CD
0.20%$500-1 Year Partners Plus CD

Androscoggin Savings Bank IRA Rates

0.85%$500-5 Year Partners Plus IRA
0.85%$500-5 Year IRA
0.80%$500-4 Year Step up IRA Special
0.65%$500-4 Year Partners Plus IRA
0.65%$500-4 Year IRA
0.50%$500-3 Year Partners Plus IRA
0.50%$500-3 Year IRA
0.35%$500-2 Year Partners Plus IRA
0.35%$500-2 Year IRA
0.30%$500-18 Month Fixed Rate Partners Plus IRA
0.30%$500-18 Month Fixed Rate IRA
0.30%$500-9 Month IRA Special (Open in Branch Only)
0.20%$500-6 Month Partners Plus IRA
0.20%$500-1 Year Partners Plus IRA
0.20%$500-6 Month IRA
0.20%$500-1 Year IRA
0.11%$500-18 Month Variable Rate Partners Plus IRA
0.11%$500-18 Month Variable Rate IRA

Androscoggin Savings Bank has 12 locations. Click to view all Androscoggin Savings Bank locations.