Overview / Commentary
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.
Health
A
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19532 |
| Year Established | 1869 |
| Employees | 146 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 5.79% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $770.0MM$744.3MM |
| Loans | Q1 2022vs Q1 2021 | $494.5MM$480.3MM |
| Deposits | Q1 2022vs Q1 2021 | $660.4MM$629.2MM |
| Equity Capital | Q1 2022vs Q1 2021 | $96.1MM$99.7MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $5.9MM$5.7MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $2.8MM$2.1MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$108.00K |
