Kennebec Savings Bank


Overview / Commentary
207-622-5801
150 State Street
Augusta, ME 04330

Kennebec Savings Bank is headquartered in Augusta and is the 10th largest bank in the state of Maine. It is also the 734th largest bank in the nation. It was established in 1870 and as of March of 2020, it had grown to 139 employees at 6 locations. Kennebec Savings Bank has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Kennebec Savings Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #17897
Year Established1870
Employees139
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-2.57%
Return on Equity - YTD-19.77%
Annual Interest Income$12.0MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$1.15B$1.08B
LoansQ1 2020vs Q1 2019$981.2MM$889.5MM
DepositsQ1 2020vs Q1 2019$816.7MM$760.1MM
Equity CapitalQ1 2020vs Q1 2019$147.2MM$141.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$6.2MM$5.3MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$5.1MM$3.6MM
Real Estate OwnedQ1 2020vs Q1 2019$73.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Kennebec Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-IRA Savings
OTHER TIERS: 0.20% Up to $2.5k | 0.25% $2.5k - $50k | 0.30% $50k - $100k | 0.40% $100k - $250k
0.25%*$250k*-Premier Savings
OTHER TIERS: 0.05% $2.5k - $20k | 0.15% $20k - $100k | 0.20% $100k - $250k
0.15%--Kids Club Savings
0.10%*$20k*-Statement Savings
OTHER TIERS: 0.05% Up to $20k
0.10%*$20k*-HSA Savings
OTHER TIERS: 0.05% Up to $20k
0.05%$750-HSA Checking

Kennebec Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$500k*-Premier Money Market
OTHER TIERS: 0.05% Up to $20k | 0.15% $20k - $100k | 0.20% $100k - $250k | 0.30% $250k - $500k

Kennebec Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$250k*-Premier Checking ll
OTHER TIERS: 0.05% $7.5k - $50k | 0.10% $50k - $100k | 0.15% $100k - $250k
0.05%$750-Premier Checking l

Kennebec Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-5 Year CD
0.45%$500-4 Year CD
0.40%$500-3 Year CD
0.35%$500-2 Year CD
0.30%$500-1 Year CD
0.25%$500-6 Month CD
0.20%--1 Year Club Account
0.15%--6 Month Club Account

Kennebec Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-5 Year IRA
0.45%$500-4 Year IRA
0.40%$500-3 Year IRA
0.35%$500-2 Year IRA
0.30%$500-1 Year IRA
Locations


Kennebec Savings Bank Locations
Farmingdale Branch1 Northern AvenueFarmingdale, ME 04344
Kennebec Savings Bank150 State StreetAugusta, ME 04330
Waterville Branch226 Main StreetWaterville, ME 04901
Winthrop Branch84 Main StreetWinthrop, ME 04364
Granite Hill Estates BranchGranite Hill Estates, 60 Balsam DriveHallowell, ME 04347
Freeport Branch Office181 Lower Main StreetFreeport, ME 04032

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