Kennebec Federal Savings

70 Main Street
Waterville, ME 04901
207-873-5151
www.kfsavings.com

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Kennebec Federal Savings is headquartered in Waterville and is the 27^th largest bank in the state of Maine. It is also the 5,584^th largest bank in the nation. It was established in 1936 and as of March of 2012, it had grown to 20 employees at 2 locations. Kennebec Federal Savings' savings rates are 44% higher than the national average, and it has a 3-star health rating.

Rate, Cap, # Of Monthly Transactions Change For Kennebec Federal Savings Rewards Checking (Forum) - 10/23/2011

New rate of 2.25% APY (up from 2.02%), cap lowered to 35K (down from 50K), number of required debit card transactions per cycle increased from 10 to 15. Last checked 10/23/11. Source: https://www.kfsrewards.com/index.html

3.15% Reward Checking Account at Kennebec Federal Savings in Maine - 10/23/2008

Update 5/31/09: The top rate has fallen to 3.15% APY. Refer to the bottom of the post for the rate history.Kennebec Federal Savings is offering a rewards checking account that pays 3.15% APY on balances up to $50,000 (1.01% for above) and refunds ATM...

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

Kennebec Federal Savings Checking Account Rates

Apy	Min	Max	Product
2.25%	-	$35k	KFS Rewards Checking
0.15%	$10k	-	KFS Preferred Checking
0.05%	$500	-	KFS Select Checking

Kennebec Federal Savings Savings Account Rates

Apy	Min	Max	Product
0.75%	-	$100k	KFS Rewards Saver
0.15%	$25	-	Regular Savings
0.15%	$25	-	Roth IRA Regular Savings
0.15%	$25	-	IRA Regular Savings

Kennebec Federal Savings Money Market Rates

Apy	Min	Max	Product
0.35%	$50k	-	Money Market Checking
0.35%	$50k	-	Premium Money Market Checking
0.35%	$50k	-	Money Market Savings
0.35%	$50k	-	IRA Money Market
0.35%	$50k	-	Roth IRA Money Market
0.35%	$50k	-	Premium Money Market Savings

Kennebec Federal Savings CD Rates

Apy	Min	Max	Product
1.21%	$75k	-	4 Year CD
1.11%	$75k	-	3 Year CD
1.01%	$75k	-	2 1/2 Year CD
0.90%	$75k	-	2 Year CD
0.60%	$75k	-	One Up 15 Month CD
0.60%	$75k	-	1 1/2 Year CD
0.50%	$75k	-	Easy Saver 1 Year CD
0.50%	$75k	-	1 Year CD
0.45%	$75k	-	9 Month CD
0.40%	$75k	-	Easy Saver 6 Month CD
0.40%	$75k	-	6 Month CD
0.30%	$75k	-	3 Month CD

Kennebec Federal Savings IRA Rates

Apy	Min	Max	Product
1.21%	$75k	-	4 Year Roth IRA
1.21%	$75k	-	4 Year IRA
1.11%	$75k	-	3 Year Roth IRA
1.11%	$75k	-	3 Year IRA
1.01%	$75k	-	2 1/2 Year Roth IRA
1.01%	$75k	-	2 1/2 Year IRA
0.90%	$75k	-	2 Year Roth IRA
0.90%	$75k	-	2 Year IRA
0.50%	$75k	-	1 Year Roth IRA
0.50%	$75k	-	1 Year IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Kennebec Federal Savings and Loan Association of Waterville
OTS #	03844
FDIC Certificate #	29661
BankRate Report	View
Year Established	1936
Employees	20
Primary Regulator	OCC
Assets and Liabilities
Assets	$76.56 million
Loans	$62.94 million
Deposits	$52.02 million
Equity Capital	$6.67 million
Loan Loss Allowance	$221,000
Unbacked Noncurrent Loans	$861,000
Real Estate Owned	$113,000
Historic Data - March 2011
Assets	$78.31 million
Equity Capital	$6.32 million
Loan Loss Allowance	$228,000
Unbacked Noncurrent Loans	$135,000
Real Estate Owned	$143,000
Profit Margin - Quarterly
Net Interest Margin	3.36%
Return on Assets	0.76%
Return on Equity	8.86%
Interest Income	$888,000

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 March 31, 2012 Kennebec Federal Savings had $974,000 in non-current loans and owned real-estate with $6.89 million in equity and loan loss allowances on hand to cover it. This gives Kennebec Federal Savings a Texas Ratio of 14.14% 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 Kennebec Federal Savings increased slightly from 4.24% as of March 31, 2011 to 14.14% as of March 31, 2012, resulting in a negative change of 233.12%. This indicates that the balance sheet and financial strength for Kennebec Federal Savings has declined slightly in recent periods.
Deposit Growth
In the past year, Kennebec Federal Savings has decreased its total deposits by $-245,000, resulting in -0.47% 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 Kennebec Federal Savings 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. Kennebec Federal Savings has $76.56 million in assets with $6.89 million in equity, resulting in a capitalization level of 9.00%, which is average.