Kennebec Savings Bank

Overview / Commentary

www.kennebecsavings.bank

207-622-5801

150 State Street
Augusta, ME 04332

Kennebec Savings Bank is headquartered in AUGUSTA and is the 9^th largest bank in the state of Maine. It is also the 661^st largest bank in the nation. It was established in 1870 and as of December of 2023, it had grown to 196 employees at 8 locations. Kennebec Savings Bank's money market rates are 9X the national average, and it has an A health rating.

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Health

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	17897
Year Established	1870
Employees	196
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.65%
Return on Equity - YTD	5.45%
Annual Interest Income	$71MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$1.71B$1.64B
Loans	Q4 2023vs Q4 2022	$1.43B$1.37B
Deposits	Q4 2023vs Q4 2022	$1.31B$1.35B
Equity Capital	Q4 2023vs Q4 2022	$207.7MM$196MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$9MM$9MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$3MM$3.3MM
Real Estate Owned	Q4 2023vs Q4 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Kennebec Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^*	$500k^*	-	Premier Savings
OTHER TIERS: 0.10% → $2.5k - $20k \| 0.20% → $20k - $100k \| 0.30% → $100k - $250k \| 0.45% → $250k - $500k
0.45%^*	$250k^*	-	Premier IRA Savings
OTHER TIERS: 0.15% → Up to $2.5k \| 0.25% → $2.5k - $50k \| 0.30% → $50k - $100k \| 0.35% → $100k - $250k
0.20%^*	$20k^*	-	Statement Savings
OTHER TIERS: 0.05% → Up to $2.5k \| 0.10% → $2.5k - $20k
0.20%^*	$20k^*	-	HSA Savings
OTHER TIERS: 0.05% → Up to $2.5k \| 0.10% → $2.5k - $20k
0.20%	-	-	Kids Club Savings
0.03%	$750	-	HSA Checking

Kennebec Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.82%^*	$1m^*	-	Premier Money Market
OTHER TIERS: 1.31% → $20k - $100k \| 1.51% → $100k - $250k \| 1.87% → $250k - $500k \| 2.22% → $500k - $1m

Kennebec Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$250k^*	-	Premier Checking ll
OTHER TIERS: 0.05% → $7.5k - $50k \| 0.10% → $50k - $100k \| 0.15% → $100k - $250k
0.03%	$750	-	Premier Checking l

Kennebec Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.13%	$500	-	9 Month CD
4.08%	$500	-	6 Month CD
3.56%	$500	-	1 Year CD
3.56%	$500	-	2 Year CD
1.01%	$500	-	5 Year CD
0.95%	$500	-	4 Year CD
0.90%	$500	-	3 Year CD
0.25%	$1	-	1 Year Club Account
0.20%	$1	-	6 Month Club Account

Kennebec Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.56%	$500	-	1 Year IRA
3.56%	$500	-	2 Year IRA
1.01%	$500	-	5 Year IRA
0.95%	$500	-	4 Year IRA
0.90%	$500	-	3 Year IRA

Locations

Kennebec Savings Bank Locations
Farmingdale Branch	1 Northern Avenue	Farmingdale, ME 04344
Kennebec Savings Bank	150 State St	Augusta, ME 04330
Waterville Branch	226 Main Street	Waterville, ME 04901
Winthrop Branch	84 Main Street	Winthrop, ME 04364
Granite Hill Estates Branch	Granite Hill Estates, 60 Balsam Drive	Hallowell, ME 04347
Freeport Branch Office	181 Lower Main Street	Freeport, ME 04032
Kennebec Federal Savings And Loan Br	11 Washington Street	Waterville, ME 04901

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