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70 Main Street
Waterville, ME 04901

Kennebec Federal Savings is headquartered in Waterville and is the 27th largest bank in the state of Maine. It is also the 5,190th largest bank in the nation. It was established in 1936 and as of March of 2014, it had grown to 19 employees at 2 locations. Kennebec Federal Savings' savings rates are 4X the national average, and it has a B+ health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Kennebec Federal Savings has a relatively low asset base.

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 March 31, 2014 Kennebec Federal Savings had $748,000 in non-current loans and owned real-estate with $7.55 million in equity and loan loss allowances on hand to cover it. This gives Kennebec Federal Savings a Texas Ratio of 9.90% which is excellent. 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 decreased dramatically from 17.71% as of March 31, 2013 to 9.90% as of March 31, 2014, resulting in a positive change of 44.10%.This indicates that the balance sheet and financial strength for Kennebec Federal Savings has improved dramatically in recent periods.

Deposit Growth


In the past year, Kennebec Federal Savings has increased its total deposits by $735,000, resulting in 1.32% 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 Kennebec Federal Savings has shown is above average.



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 $81.18 million in assets with $7.55 million in equity, resulting in a capitalization level of 9.31%, which is average.

Institution Statistics

FDIC Certificate #29661
Year Established1936
Primary RegulatorOCC
Assets and Liabilities
Assets$81.18 million
Loans$71.22 million
Deposits$56.61 million
Equity Capital$7.24 million
Loan Loss Allowance$318,000
Unbacked Noncurrent Loans$720,000
Real Estate Owned$28,000
Historic Data - March 2013
Assets$79.29 million
Equity Capital$7.02 million
Loan Loss Allowance$307,000
Unbacked Noncurrent Loans$720,000
Real Estate Owned$51,000
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.04%
Return on Equity0.5%
Interest Income$874,000

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Kennebec Federal Savings Savings Account Rates

2.02%-$25KFS Christmas Club
0.75%-$100kKFS Rewards Saver - Qualifying
0.10%$25-Regular Savings
0.10%--KFS Rewards Saver - Non Qualifying

Kennebec Federal Savings Money Market Rates

0.30%$50k-Money Market Savings

Kennebec Federal Savings Checking Account Rates

1.65%-$35kKFS Rewards Checking - Qualifying
0.10%$10k-KFS Preferred Checking
0.05%$500-KFS Select Checking
0.05%--KFS Rewards Checking - Non Qualifying

Kennebec Federal Savings CD Rates

1.01%$10k-3 Year CD
1.01%$10k-4 Year CD
0.75%$75k-2 1/2 Year CD
0.75%$10k-One Up 2 Year CD
0.65%$75k-2 Year CD
0.45%$75k-One Up 15 Month CD
0.45%$75k-1 1/2 Year CD
0.40%$75k-9 Month CD
0.40%$75k-Easy Saver 1 Year CD
0.40%$75k-1 Year CD
0.35%$75k-Easy Saver 6 Month CD
0.35%$75k-6 Month CD
0.25%$75k-3 Month CD

Kennebec Federal Savings IRA Rates

1.01%$10k-3 Year IRA
1.01%$10k-4 Year IRA
0.75%$75k-2 1/2 Year IRA
0.65%$75k-2 Year IRA
0.40%$75k-1 Year IRA

Kennebec Federal Savings Locations
Waterville Branch11 Washington StreetWaterville, ME 4901
Kennebec Federal Savings and Loan Association Of W70 Main StreetWaterville, ME 4901