Norway Savings Bank

261 Main Street
Norway, ME 4268
1.888.725.2207
www.norwaysavingsbank.com

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Norway Savings Bank is headquartered in Norway and is the 6^th largest bank in the state of Maine. It is also the 682^nd largest bank in the nation. It was established in 1866 and as of December of 2012, it had grown to 252 employees at 21 locations. Norway Savings Bank has a 5-star health rating.

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

Norway Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.75%	$2,500	$25k	Full Solutions Checking
0.40%	$250k	-	Flexible Solutions Checking

Norway Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.50%	$50k	-	Health Savings Account
0.40%	$100k	-	Savings Solutions Relationship Account
0.35%	$25	-	IRA Savings
0.35%	$25	-	Roth IRA Savings
0.10%	$25	-	Holiday Club
0.10%	$25k	-	inBusiness Premium Savings Relationship Account

Norway Savings Bank Money Market Rates

Apy	Min	Max	Product
0.20%	$100k	-	Personal Money Market
0.15%	$250k	-	inBusiness MMDA

Norway Savings Bank CD Rates

Apy	Min	Max	Product
1.25%	$500	-	5 Year Premium CD
1.10%	$500	-	5 Year Basic CD
0.85%	$500	-	4 Year Premium CD
0.80%	$500	-	4 Year Basic CD
0.70%	$500	-	3 Year Premium CD
0.60%	$500	-	3 Year Basic CD
0.50%	$500	-	2 Year Premium CD
0.40%	$500	-	2 Year Basic CD
0.35%	$500	-	1 1/2 Year Premium CD
0.30%	$500	-	1 1/2 Year Basic CD
0.25%	$500	-	1 Year Premium CD
0.20%	$500	-	6 Month Premium CD
0.20%	$500	-	1 Year Basic CD
0.15%	$500	-	91 Day Premium CD
0.15%	$500	-	6 Month Basic CD
0.10%	$500	-	91 Day Basic CD

Norway Savings Bank IRA Rates

Apy	Min	Max	Product
1.25%	$500	-	5 Year Premium IRA
1.25%	$500	-	5 Year Premium Roth IRA
1.10%	$500	-	5 Year Basic IRA
1.10%	$500	-	5 Year Basic Roth IRA
0.85%	$500	-	4 Year Premium IRA
0.85%	$500	-	4 Year Premium Roth IRA
0.80%	$500	-	4 Year Basic IRA
0.80%	$500	-	4 Year Basic Roth IRA
0.70%	$500	-	3 Year Premium IRA
0.70%	$500	-	3 Year Premium Roth IRA
0.60%	$500	-	3 Year Basic IRA
0.60%	$500	-	3 Year Basic Roth IRA
0.50%	$500	-	2 Year Premium IRA
0.50%	$500	-	2 Year Premium Roth IRA
0.40%	$500	-	2 Year Basic IRA
0.40%	$500	-	2 Year Basic Roth IRA
0.35%	$500	-	18 Month Premium IRA
0.35%	$500	-	18 Month Premium Roth IRA
0.30%	$500	-	18 Month Basic IRA
0.30%	$25	-	18 Month Variable IRA
0.30%	$500	-	18 Month Basic Roth IRA
0.30%	$25	-	18 Month Variable Roth IRA
0.25%	$500	-	1 Year Premium IRA
0.25%	$500	-	1 Year Premium Roth IRA
0.20%	$500	-	1 Year Basic IRA
0.20%	$500	-	1 Year Basic Roth IRA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

Norway Savings Bank
FDIC Certificate #	17658
BankRate Report	View
Year Established	1866
Employees	252
Primary Regulator	FDIC
Assets and Liabilities
Assets	$970.61 million
Loans	$767.80 million
Deposits	$734.57 million
Equity Capital	$114.14 million
Loan Loss Allowance	$8.45 million
Unbacked Noncurrent Loans	$6.73 million
Real Estate Owned	$220,000
Historic Data - December 2011
Assets	$958.85 million
Equity Capital	$103.34 million
Loan Loss Allowance	$8.62 million
Unbacked Noncurrent Loans	$8.67 million
Real Estate Owned	$311,000
Profit Margin - Quarterly
Net Interest Margin	3.89%
Return on Assets	0.88%
Return on Equity	7.83%
Interest Income	$41.69 million

Institution Health

Overall Score:

5 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 December 31, 2012 Norway Savings Bank had $6.95 million in non-current loans and owned real-estate with $122.59 million in equity and loan loss allowances on hand to cover it. This gives Norway Savings Bank a Texas Ratio of 5.67% 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 Norway Savings Bank decreased slightly from 8.21% as of December 31, 2011 to 5.67% as of December 31, 2012, resulting in a positive change of 30.96%.This indicates that the balance sheet and financial strength for Norway Savings Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Norway Savings Bank has increased its total deposits by $23.25 million, resulting in 3.27% 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 Norway 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. Norway Savings Bank has $970.61 million in assets with $122.59 million in equity, resulting in a capitalization level of 12.63%, which is excellent.

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Norway Savings Bank

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