Skowhegan Savings

Overview / Commentary

www.skowhegan.com

207-474-9511

13 Elm Street
Skowhegan, ME 04976

Skowhegan Savings is headquartered in Skowhegan and is the 17^th largest bank in the state of Maine. It is also the 1,244^th largest bank in the nation. It was established in 1869 and as of June of 2022, it had grown to 140 employees at 13 locations. Skowhegan Savings' money market rates are 25% higher than the national average, and it boasts an A+ health rating.

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Health

A+

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	19532
Year Established	1869
Employees	140
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	3.8%
Annual Interest Income	$12.1MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$754.4MM$754.2MM
Loans	Q2 2022vs Q2 2021	$509.3MM$484.1MM
Deposits	Q2 2022vs Q2 2021	$650.2MM$638.5MM
Equity Capital	Q2 2022vs Q2 2021	$90.0MM$102.2MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$5.9MM$5.8MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$784.00K$3.0MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$39.00K

Rates

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Savings
Money Market
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.

Skowhegan Savings Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$500	-	Health Savings Account

Skowhegan Savings Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^*	$1m^*	-	Integrity Plus Money Market Account
OTHER TIERS: 0.04% → Up to $25k \| 0.10% → $25k - $100k \| 0.20% → $100k - $250k \| 0.35% → $250k+ \| 0.45% → $500k - $1m
0.20%^*	$100k^*	-	Integrity Money Market Account
OTHER TIERS: 0.03% → $2.5k - $25k \| 0.06% → $25k - $50k \| 0.08% → $50k - $100k

Skowhegan Savings CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%	$500	-	18 Month CD Special
0.50%	$500	-	5 Year CD
0.35%	$500	-	3 Year CD
0.30%	$500	-	2 Year CD
0.25%	$1.5k	-	5 Month CD Special
0.20%	$500	-	1 Year CD
0.15%	$1.5k	-	6 Month CD
0.10%	$2k	-	91 Day CD

Skowhegan Savings IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%	$500	-	18 Month IRA Special
0.50%	$500	-	5 Year IRA CD
0.35%	$500	-	3 Year IRA CD
0.30%	$500	-	2 Year IRA CD

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