Bangor Savings Bank

Bangor Savings Bank Locations
3 State Street
Bangor, ME 4401
1.877.226.4671
www.bangor.com

Bangor Savings Bank is headquartered in Bangor and is the 2nd largest bank in the state of Maine. It is also the 274th largest bank in the nation. It was established in 1852 and as of December of 2011, it had grown to 645 employees at 58 locations. Bangor Savings Bank has a 5-star health rating.

Bangor Savings Bank Routing Number: 211274382



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

Bangor Savings Bank Checking Account Rates

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0.05%$1k-Benefit Plus Checking

Bangor Savings Bank Savings Account Rates

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0.25%$50k-Personal Market Rate Statement Savings
0.20%$5k-Benefit Savings
0.15%$5k-Great Start Savings Account
0.15%$5k-Regular Statement Savings

Bangor Savings Bank Money Market Rates

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0.30%$100k-Business Complete Money Market
0.30%$100k-Business Premium Money Market
0.30%$100k-Benefit Money Market
0.25%$100k-Market Rate IRAs

Bangor Savings Bank CD Rates

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1.35%$500-60 Month Benefit Plus CD
1.10%$500-60 Month CD
1.05%$500-48 Month Benefit Plus CD
0.95%$500-36 Month Benefit Plus CD
0.79%$500-48 Month CD
0.70%$500-36 Month CD
0.70%$500-30 Month Benefit Plus CD
0.60%$500-24 Month Benefit Plus CD
0.60%$500-27 Month Step Rate Benefit Plus CD
0.50%$500-18 Month Benefit Plus CD
0.45%$500-30 Month CD
0.35%$500-24 Month CD
0.35%$500-12 Month Benefit Plus CD
0.35%$500-27 Month Step Rate CD
0.30%$500-3 Month Benefit Plus CD
0.30%$500-6 Month Benefit Plus CD
0.25%$500-18 Month CD
0.10%$500-12 Month Great Start CD
0.10%$500-12 Month CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD

Rates updated: 5/22/2012

Data for Q4 2011


Institution Statistics


Bangor Savings Bank
FDIC Certificate #18408
BankRate ReportView
Year Established1852
Employees645
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.56 billion
Loans$1.71 billion
Deposits$1.94 billion
Equity Capital$285.79 million
Loan Loss Allowance$27.40 million
Unbacked Noncurrent Loans$15.06 million
Real Estate Owned$686,000

Historic Data - December 2010

Assets$2.43 billion
Equity Capital$263.72 million
Loan Loss Allowance$26.14 million
Unbacked Noncurrent Loans$15.17 million
Real Estate Owned$1.27 million

Profit Margin - Quarterly

Net Interest Margin3.67%
Return on Assets0.73%
Return on Equity6.69%
Interest Income$106.26 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Bangor Savings Bank had $15.75 million in non-current loans and owned real-estate with $313.19 million in equity and loan loss allowances on hand to cover it. This gives Bangor Savings Bank a Texas Ratio of 5.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bangor Savings Bank held steady from 5.67% as of December 31, 2010 to 5.03% as of December 31, 2011, resulting in a positive change of 11.32%.This indicates that the balance sheet and financial strength for Bangor Savings Bank has held steady in recent periods.
Deposit Growth5
In the past year, Bangor Savings Bank has increased its total deposits by $172.66 million, resulting in 9.77% 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 Bangor Savings Bank 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. Bangor Savings Bank has $2.56 billion in assets with $313.19 million in equity, resulting in a capitalization level of 12.25%, which is excellent.
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