Skowhegan Savings

Overview / Commentary
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 1,225th largest bank in the nation. It was established in 1869 and as of March of 2022, it had grown to 146 employees at 13 locations. Skowhegan Savings has an A health rating.


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Health Grade Components

FDIC Certificate #19532
Year Established1869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD5.79%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$770.0MM$744.3MM
LoansQ1 2022vs Q1 2021$494.5MM$480.3MM
DepositsQ1 2022vs Q1 2021$660.4MM$629.2MM
Equity CapitalQ1 2022vs Q1 2021$96.1MM$99.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$5.9MM$5.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$2.8MM$2.1MM
Real Estate OwnedQ1 2022vs Q1 2021$0$108.00K

Rates for Skowhegan Savings are currently being reviewed.



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