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70 Main Street
Waterville, ME 04901

Kennebec Federal Savings is headquartered in Waterville and is the 26th largest bank in the state of Maine. It is also the 5,168th largest bank in the nation. It was established in 1936 and as of December of 2013, it had grown to 21 employees at 2 locations. Kennebec Federal Savings' savings rates are 4X the national average, and it has a C+ health rating.

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Data for Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Kennebec Federal Savings had $1.57 million in non-current loans and owned real-estate with $7.52 million in equity and loan loss allowances on hand to cover it. This gives Kennebec Federal Savings a Texas Ratio of 20.86% 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 15.80% as of December 31, 2012 to 20.86% as of December 31, 2013, resulting in a negative change of 32.02%. 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 increased its total deposits by $1.35 million, resulting in 2.44% 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 $82.79 million in assets with $7.52 million in equity, resulting in a capitalization level of 9.09%, which is average.

Institution Statistics

FDIC Certificate #29661
Year Established1936
Primary RegulatorOCC
Assets and Liabilities
Assets$82.79 million
Loans$73.21 million
Deposits$56.50 million
Equity Capital$7.19 million
Loan Loss Allowance$334,000
Unbacked Noncurrent Loans$1.43 million
Real Estate Owned$142,000
Historic Data - December 2012
Assets$79.68 million
Equity Capital$6.90 million
Loan Loss Allowance$284,000
Unbacked Noncurrent Loans$1.43 million
Real Estate Owned$51,000
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.35%
Return on Equity3.97%
Interest Income$3.42 million

Always verify rates and promotions with the bank or credit union. We are not Kennebec Federal Savings, we are a rate comparison website and can not provide official rates or promotions.

Kennebec Federal Savings Savings Account Rates

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

Kennebec Federal Savings Money Market Rates

0.30%$50k-Money Market Savings

Kennebec Federal Savings Checking Account Rates

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

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