Franklin Savings Bank (ME)

Overview / Commentary
197 Main Street
Farmington, ME 04938-0825

Franklin Savings Bank (ME) is headquartered in Farmington and is the 18th largest bank in the state of Maine. It is also the 1,633rd largest bank in the nation. It was established in 1868 and as of September of 2021, it had grown to 128 employees at 8 locations. Franklin Savings Bank (ME) has an A+ health rating.


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Health Grade Components

FDIC Certificate #19836
Year Established1868
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD4.99%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$548.6MM$481.1MM
LoansQ3 2021vs Q3 2020$416.3MM$426.9MM
DepositsQ3 2021vs Q3 2020$428.9MM$362.6MM
Equity CapitalQ3 2021vs Q3 2020$112.7MM$107.9MM
Loan Loss AllowanceQ3 2021vs Q3 2020$3.9MM$3.8MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$2.3MM$3.9MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Franklin Savings Bank (ME) Savings Account Rates

0.10%--HSA checking
0.08%$5-My Ca$h Sta$h Statement Savings
0.08%$1-Christmas Club
0.03%*$1k*-Statement Savings
OTHER TIERS: 0.01% Up to $1k

Franklin Savings Bank (ME) Money Market Rates

0.35%*$1m*-Money Market Account
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k | 0.20% $100k - $250k | 0.25% $250k - $500k | 0.30% $500k - $1m

Franklin Savings Bank (ME) Checking Account Rates

0.01%$500-NOW Account

Franklin Savings Bank (ME) CD Rates

0.60%$500-5 Year CD
0.45%$500-3 Year CD
0.40%$500-2 Year CD
0.35%$500-18 Month CD
0.25%$500-1 Year CD
0.25%$100-12 Month My Ca$h Sta$h CD
0.20%$500-182 Day CD

Franklin Savings Bank (ME) IRA Rates

0.60%$500-5 Year IRA
0.45%$500-3 Year IRA
0.40%$500-2 Year IRA
0.35%$500-18 Month IRA
0.25%$500-1 Year IRA
0.20%$500-182 Day IRA
0.15%$100-18 Month Variable IRA

Franklin Savings Bank (ME) Locations
Rumford Branch155-157 Congress StreetRumford, ME 04276
Somerset Branch194 Madison StreetSkowhegan, ME 04976
Franklin Savings Bank197 Main StFarmington, ME 04938
Rangeley Branch2573 Main StreetRangeley, ME 04970
Jay Branch9 Main StreetJay, ME 04239
Wilton Branch603 Main StreetWilton, ME 04294
Ellsworth Branch130 Oak StEllsworth, ME 04605

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