Overview / Commentary
Skowhegan Savings is headquartered in Skowhegan and is the 15th largest bank in the state of Maine. It is also the 1,244th largest bank in the nation. It was established in 1869 and as of March of 2019, it had grown to 131 employees at 12 locations. Skowhegan Savings' money market rates are 5X the national average, and it has an A health rating.
Health
A
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19532 |
| Year Established | 1869 |
| Employees | 131 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.5% |
| Return on Equity - YTD | 10.06% |
| Annual Interest Income | $5.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $592.9MM$592.6MM |
| Loans | Q1 2019vs Q1 2018 | $461.8MM$460.3MM |
| Deposits | Q1 2019vs Q1 2018 | $481.4MM$489.1MM |
| Equity Capital | Q1 2019vs Q1 2018 | $89.9MM$84.3MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $4.6MM$4.7MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $4.2MM$6.3MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $904.00K$242.00K |
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 |
|---|---|---|---|---|
| 2.00% | $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 |
