Overview / Commentary
Skowhegan Savings is headquartered in Skowhegan and is the 15th largest bank in the state of Maine. It is also the 1,234th largest bank in the nation. It was established in 1869 and as of September of 2019, it had grown to 128 employees at 12 locations. Skowhegan Savings' money market rates are 4X the national average, and it has an A health rating.
Health
A
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19532 |
| Year Established | 1869 |
| Employees | 128 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 7.15% |
| Annual Interest Income | $17.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $603.6MM$597.5MM |
| Loans | Q3 2019vs Q3 2018 | $469.7MM$458.2MM |
| Deposits | Q3 2019vs Q3 2018 | $492.0MM$500.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $93.2MM$86.5MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $4.8MM$4.7MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $3.9MM$6.0MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $492.00K$463.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Skowhegan Savings Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Health Savings Account |
Skowhegan Savings Money Market Rates
Skowhegan Savings CD Rates
Skowhegan Savings IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.40% | $500 | - | 18 Month IRA Special | |
| 1.14% | $500 | - | 5 Year IRA CD | |
| 0.65% | $500 | - | 3 Year IRA CD | |
| 0.40% | $500 | - | 2 Year IRA CD |
