Kennebec Savings Bank

Overview / Commentary

www.kennebecsavings.bank

207-622-5801

150 State Street
Augusta, ME 04330

Kennebec Savings Bank is headquartered in Augusta and is the 10^th largest bank in the state of Maine. It is also the 734^th 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+

Data as of Q1 2020

Learn why bank health matters

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 Established	1870
Employees	139
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-2.57%
Return on Equity - YTD	-19.77%
Annual Interest Income	$12.0MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$1.15B$1.08B
Loans	Q1 2020vs Q1 2019	$981.2MM$889.5MM
Deposits	Q1 2020vs Q1 2019	$816.7MM$760.1MM
Equity Capital	Q1 2020vs Q1 2019	$147.2MM$141.8MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$6.2MM$5.3MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$5.1MM$3.6MM
Real Estate Owned	Q1 2020vs Q1 2019	$73.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

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
0.05%	$750	-	Premier Checking l

Kennebec Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Branch	1 Northern Avenue	Farmingdale, ME 04344
Kennebec Savings Bank	150 State Street	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

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