Average User Rating:
1 star rating based on 1 review.

Androscoggin Savings Bank

30 Lisbon Street
Lewiston, ME 4240
1-800-966-9172
www.androscogginbank.com

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Androscoggin Savings Bank is headquartered in Lewiston and is the 13^st largest bank in the state of Maine. It is also the 937^th largest bank in the nation. It was established in 1870 and as of December of 2011, it had grown to 157 employees at 13 locations. Androscoggin Savings Bank has a 3-star health rating.

Special 5-Year CD Rate at Androscoggin Bank in Maine - Local Only - 5/12/2011

Androscoggin Bank is offering a special CD that it calls the 12345 Certificate of Deposit. It has a blended APY of 3.05% APY for a term of 5 years. It's a step-up type of CD with rates that go up each ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Androscoggin Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$100k	-	BlueWave Interest Checking
0.10%	-	-	Community NOW Checking

Androscoggin Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.20%	$100k	-	Business Partners Savings
0.20%	$100k	-	BlueWave Savings+
0.10%	-	-	Health Savings Account
0.05%	-	-	Club Account
0.01%	-	-	IRA Saver Account
0.01%	-	-	BlueWave Savings

Androscoggin Savings Bank Money Market Rates

	Apy	Min	Max	Product
	0.05%	$5k	-	Business Money Market Account

Androscoggin Savings Bank CD Rates

Apy	Min	Max	Product
1.65%	$500	-	5 Year CD
1.45%	$250k	-	4 Year Jumbo CDARS CD
1.00%	$500	-	4 Year CD
0.90%	$500	-	3 Year CD
0.85%	$250k	-	18 Month Jumbo CDARS CD
0.65%	$500	-	2 Year CD
0.65%	$500	-	15 Month CD
0.60%	$500	-	18 Month Fixed Rate CD
0.50%	$500	-	9 Month CD
0.25%	$500	-	1 Year CD
0.20%	$500	-	6 Month CD

Androscoggin Savings Bank IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	5 Year IRA
1.00%	$500	-	4 Year IRA
0.90%	$500	-	3 Year IRA
0.65%	$500	-	2 Year IRA
0.65%	$500	-	15 Month IRA
0.60%	$500	-	18 Month Fixed Rate IRA
0.50%	$500	-	9 Month IRA
0.25%	$500	-	1 Year IRA
0.20%	$500	-	6 Month IRA
0.18%	$500	-	18 Month Variable Rate IRA

Rates updated: 5/21/2012

Data for Q4 2011

Institution Statistics

Androscoggin Savings Bank
FDIC Certificate #	17751
BankRate Report	View
Year Established	1870
Employees	157
Primary Regulator	FDIC
Assets and Liabilities
Assets	$707.17 million
Loans	$554.62 million
Deposits	$506.86 million
Equity Capital	$74.94 million
Loan Loss Allowance	$5.72 million
Unbacked Noncurrent Loans	$13.68 million
Real Estate Owned	$1.11 million
Historic Data - December 2010
Assets	$692.93 million
Equity Capital	$72.22 million
Loan Loss Allowance	$5.12 million
Unbacked Noncurrent Loans	$9.76 million
Real Estate Owned	$58,000
Profit Margin - Quarterly
Net Interest Margin	3.87%
Return on Assets	0.55%
Return on Equity	5.22%
Interest Income	$31.80 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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, 2011 Androscoggin Savings Bank had $14.79 million in non-current loans and owned real-estate with $80.66 million in equity and loan loss allowances on hand to cover it. This gives Androscoggin Savings Bank a Texas Ratio of 18.33% which is 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 increased slightly from 12.69% as of December 31, 2010 to 18.33% as of December 31, 2011, resulting in a negative change of 44.41%. This indicates that the balance sheet and financial strength for Androscoggin Savings Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Androscoggin Savings Bank has increased its total deposits by $3.13 million, resulting in 0.62% 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 average.
Capitalization
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 $707.17 million in assets with $80.66 million in equity, resulting in a capitalization level of 11.41%, which is above average.

HACKED AGAIN!
1 stars

- MaineBanker207 - Sunday, December 11, 2011 - 9:15 AM

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!

Androscoggin Savings Bank

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