Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
2 Canal Plaza
Portland, ME 04101

The Bank of Maine is headquartered in Portland and is the 13st largest bank in the state of Maine. It is also the 904th largest bank in the nation. It was established in 1834 and as of December of 2013, it had grown to 274 employees at 29 locations. The Bank of Maine's money market rates are 14% higher than the national average, and it has a B+ health rating.

Related Posts

Top Checking Account Features and Bonus at The Bank of Maine - 4/30/2013

Checking account bonuses often require opening a checking account that you probably won’t want to keep for the long term. If you’re not careful, you may lose more in fees with these checking accounts ...

No reviews have been left for this bank yet. Be the first to review.


Data for Q4 2013

Institution Health


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 The Bank of Maine had $12.04 million in non-current loans and owned real-estate with $105.29 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Maine a Texas Ratio of 11.43% 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 The Bank of Maine decreased dramatically from 27.13% as of December 31, 2012 to 11.43% as of December 31, 2013, resulting in a positive change of 57.87%.This indicates that the balance sheet and financial strength for The Bank of Maine has improved dramatically in recent periods.

Deposit Growth


In the past year, The Bank of Maine has decreased its total deposits by -$35.56 million, resulting in -5.38% 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 The Bank of Maine has shown is below 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. The Bank of Maine has $744.63 million in assets with $105.29 million in equity, resulting in a capitalization level of 14.14%, which is excellent.

Institution Statistics

FDIC Certificate #19686
Year Established1834
Primary RegulatorOCC
Assets and Liabilities
Assets$744.63 million
Loans$572.86 million
Deposits$625.79 million
Equity Capital$96.62 million
Loan Loss Allowance$8.67 million
Unbacked Noncurrent Loans$10.68 million
Real Estate Owned$1.36 million
Historic Data - December 2012
Assets$785.72 million
Equity Capital$96.55 million
Loan Loss Allowance$9.30 million
Unbacked Noncurrent Loans$10.68 million
Real Estate Owned$5.74 million
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets0.14%
Return on Equity1.16%
Interest Income$28.30 million

Always verify rates and promotions with the bank or credit union. We are not The Bank of Maine, we are a rate comparison website and can not provide official rates or promotions.

The Bank of Maine Savings Account Rates

0.05%--Regular Statement Savings

The Bank of Maine Money Market Rates

0.50%--IRAutomatic Money Market
0.30%$250k-Money Market Account

The Bank of Maine Checking Account Rates

0.10%$2,500-Promise Rewards Checking
0.05%$2,500-Promise Checking

The Bank of Maine CD Rates

1.56%$500-5 Year CD
1.36%$20k-4 Year CD
1.06%$20k-3 Year CD
1.05%$500-24 Month Promise CD Special
0.90%$20k-2 Year CD
0.50%$500-18 Month CD Special
0.50%$20k-1 Year CD
0.35%$20k-6 Month CD
0.15%$5k-3 Month CD

The Bank of Maine IRA Rates

1.56%$500-5 Year IRA
1.36%$20k-4 Year IRA
1.06%$20k-3 Year IRA
1.05%$500-24 Month Promise IRA Special
0.90%$20k-2 Year IRA
0.50%$20k-1 Year IRA
0.50%$500-18 Month IRA Special
0.35%$20k-6 Month IRA

The Bank of Maine has 35 locations. Click to view all The Bank of Maine locations.