Mechanics' Savings Bank

100 Minot Avenue
Auburn, ME 4210
877-886-1020
www.mechanicssavings.com

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Mechanics' Savings Bank is headquartered in Auburn and is the 20^th largest bank in the state of Maine. It is also the 1,940^th largest bank in the nation. It was established in 1875 and as of March of 2012, it had grown to 75 employees at 3 locations. Mechanics' Savings Bank has a 3-star health rating.

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

Mechanics' Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.75%	-	-	IOLTA Checking
0.40%	$25	-	Private Bank Checking
0.30%	-	-	Business Investment Checking
0.10%	$50k	-	Business Interest Checking
0.10%	$50k	-	Non Profit Investment Checking

Mechanics' Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.10%	$25	-	Savings Account
0.10%	-	-	Holiday Club Account

Mechanics' Savings Bank Money Market Rates

Apy	Min	Max	Product
0.45%	$25	-	Private Bank Money Market
0.35%	$500k	-	Repurchase Sweep Account
0.25%	$100k	-	Premier Business Money Market
0.25%	-	-	Business Money Market
0.15%	-	-	Premier Money Market
0.10%	-	$5k	Planned Expense Money Market

Mechanics' Savings Bank CD Rates

Apy	Min	Max	Product
1.41%	$500	-	5 - 10 Year CD
1.00%	$500	-	4 Year CD
0.80%	$500	-	3 Year CD
0.60%	$500	-	2 Year CD
0.45%	$500	-	15 Month CD
0.35%	$500	-	1 Year CD
0.30%	$500	-	9 Month CD
0.20%	$500	-	6 Month CD
0.20%	$500	-	1 Year Next Generation CD
0.10%	$10k	-	6 Month CDARS CD
0.10%	$10k	-	1 Year CDARS CD
0.10%	$10k	-	2 Year CDARS CD
0.10%	$10k	-	3 Year CDARS CD

Mechanics' Savings Bank IRA Rates

Apy	Min	Max	Product
1.41%	$500	-	5 - 10 Year IRA
1.41%	$500	-	5 - 10 Year Roth IRA
1.41%	$500	-	5 - 10 Year CESA
1.00%	$500	-	4 Year IRA
1.00%	$500	-	4 Year Roth IRA
1.00%	$500	-	4 Year CESA
0.80%	$500	-	3 Year IRA
0.80%	$500	-	3 Year Roth IRA
0.80%	$500	-	3 Year CESA
0.60%	$500	-	2 Year IRA
0.60%	$500	-	2 Year Roth IRA
0.60%	$500	-	2 Year CESA
0.45%	$500	-	15 Month IRA
0.45%	$500	-	15 Month Roth IRA
0.45%	$500	-	15 Month CESA
0.35%	$100	-	1 Year IRA
0.35%	$100	-	1 Year Roth IRA
0.35%	$100	-	1 Year CESA
0.30%	$500	-	9 Month IRA
0.30%	$500	-	9 Month Roth IRA
0.30%	$500	-	9 Month CESA
0.20%	$500	-	6 Month IRA
0.20%	$500	-	6 Month Roth IRA
0.20%	$500	-	6 Month CESA
0.10%	$500	-	6 Month CDARS IRA
0.10%	$500	-	1 Year CDARS IRA
0.10%	$500	-	2 Year CDARS IRA
0.10%	$500	-	3 Year CDARS IRA
0.10%	$500	-	6 Month CDARS Roth IRA
0.10%	$500	-	1 Year CDARS Roth IRA
0.10%	$500	-	2 Year CDARS Roth IRA
0.10%	$500	-	3 Year CDARS Roth IRA
0.10%	$500	-	6 Month CDARS CESA
0.10%	$500	-	1 Year CDARS CESA
0.10%	$500	-	2 Year CDARS CESA
0.10%	$500	-	3 Year CDARS CESA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Mechanics' Savings Bank
FDIC Certificate #	17476
BankRate Report	View
Year Established	1875
Employees	75
Primary Regulator	FDIC
Assets and Liabilities
Assets	$338.29 million
Loans	$276.67 million
Deposits	$249.55 million
Equity Capital	$34.17 million
Loan Loss Allowance	$7.52 million
Unbacked Noncurrent Loans	$13.00 million
Real Estate Owned	$1.24 million
Historic Data - March 2011
Assets	$314.27 million
Equity Capital	$32.84 million
Loan Loss Allowance	$9.20 million
Unbacked Noncurrent Loans	$12.28 million
Real Estate Owned	$671,000
Profit Margin - Quarterly
Net Interest Margin	3.97%
Return on Assets	0.36%
Return on Equity	3.55%
Interest Income	$4.02 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 March 31, 2012 Mechanics' Savings Bank had $14.24 million in non-current loans and owned real-estate with $41.69 million in equity and loan loss allowances on hand to cover it. This gives Mechanics' Savings Bank a Texas Ratio of 34.16% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mechanics' Savings Bank held steady from 30.87% as of March 31, 2011 to 34.16% as of March 31, 2012, resulting in a negative change of 10.66%. This indicates that the balance sheet and financial strength for Mechanics' Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Mechanics' Savings Bank has increased its total deposits by $9.91 million, resulting in 4.14% 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 Mechanics' Savings Bank has shown is above 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. Mechanics' Savings Bank has $338.29 million in assets with $41.69 million in equity, resulting in a capitalization level of 12.32%, which is excellent.