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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 17th largest bank in the state of Maine. It is also the 1,134th largest bank in the nation. It was established in 1869 and as of December of 2023, it had grown to 143 employees at 13 locations. Skowhegan Savings' money market rates are 6X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19532
Year Established1869
Employees143
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD6.51%
Annual Interest Income$32.2MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$876.9MM$774.4MM
LoansQ4 2023vs Q4 2022$579.6MM$538.4MM
DepositsQ4 2023vs Q4 2022$727.9MM$673.9MM
Equity CapitalQ4 2023vs Q4 2022$96.4MM$87.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$5.9MM$5.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.1MM$797K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1-Club Account
0.05%$500-Health Savings Account
0.04%$25-Integrity Savings

Skowhegan Savings Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*$1m*-Integrity Plus Money Market Account
OTHER TIERS: 0.25% → Up to $25k | 1.01% → $25k - $100k | 1.26% → $100k - $250k | 1.51% → $250k+ | 1.77% → $500k - $1m
0.55%*$100k*-Integrity Money Market Account
OTHER TIERS: 0.03% → $2.5k - $25k | 0.15% → $25k - $50k | 0.25% → $50k - $100k

Skowhegan Savings Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.04%*$10k*-Integrity Plus Checking
OTHER TIERS: 0.02% → $50 - $10k

Skowhegan Savings CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.86%$1.5k-5 Month CD Special
4.60%$1k-7 Month CD Special
4.08%$500-13 Month CD Special
0.50%$500-5 Year CD
0.35%$500-3 Year CD
0.30%$500-2 Year CD
0.20%$500-1 Year CD
0.15%$1.5k-6 Month CD
0.10%$2k-91 Day CD

Skowhegan Savings IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%$1k-7 Month IRA Special
0.50%$500-5 Year IRA CD
0.35%$500-3 Year IRA CD
0.30%$500-2 Year IRA CD
0.10%$500-30 Day IRA
Locations

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