Androscoggin Savings Bank

Headquarters

30 Lisbon Street
Lewiston, ME 04240
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 0.95% →
1-Year CD 0.45% 1.01% →
2-Year CD 0.45% 0.95% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage 4.91% 2.80% →
15-Year Mortgage 4.43% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Androscoggin Savings Bank is an FDIC insured institution located in Lewiston, ME. It was founded in 1870 and has approximately $1.11 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 17751
Date Established 1870
Assets $ 1,113.99 million
Loans $ 908.93 million
Deposits $ 907.54 million
Capital $ 122.23 million
 

For a more detailed analysis of Androscoggin Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 5.38% 3.75% $735.32
4 Year 5.38% 3.75% $561.68
5 Year 5.32% 4.00% $460.41
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Androscoggin Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Androscoggin Savings Bank Locations


Financial Details

Androscoggin Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Androscoggin Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Androscoggin Savings Bank U.S. Bank Average
5.53% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Androscoggin Savings Bank had $7,284,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $122,228,000 in equity and $9,524,000 in loans loss reserves. That gives it a Texas Ratio of 5.53%.

Return on Equity
Androscoggin Savings Bank U.S. Bank Average
5.5% 7.80%

Androscoggin Savings Bank has a Return on Equity of 5.5% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Androscoggin Savings Bank U.S. Bank Average
10.97% 12.68%

Androscoggin Savings Bank has a Capitalization of 10.97% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Androscoggin Savings Bank Balance Sheet Analysis

As of March 31, 2020, Androscoggin Savings Bank had assets of $1,113,986,000, loans of $908,925,000, and deposits of $907,541,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 43.57 million
Interest-bearing balances $ 31.01 million
Total securities $ 99.18 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 908.93 million
Loan loss allowance $ 9.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.59 million
All other assets $ 45.33 million
     Total Assets $ 991.76 million
LIABILITIES
Total deposits $ 907.54 million
      Interest-bearing deposits $ 787.53 million
      Deposits held in domestic offices $ 907.54 million
      % insured (estimated) 86.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 57.35 million
Subordinated debt N.A.
All other liabilities $ 26.86 million
      Total Liabilities $ 991.76 million
      Shareholders’ Equity $ 122.23 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.84 million
Total Interest Expense $ 2.12 million
Net interest income $ 8.72 million
Provision for loan and lease losses $ 0.23 million
Total non interest income $ 1.29 million
Total non interest expense $ 7.56 million
Pre-tax Net Operating Income $ 2.21 million

Bank Loan Profile?

The top three loan types in Androscoggin Savings Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Maine, Androscoggin Savings Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.64
Multifamily
Mortgages
3.36
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 3.20
Commercial Real Estate 41.66
Commercial and Industrial Loans 13.87
Farm Loans 0.01

Frequently Asked Questions About Androscoggin Savings Bank

Branches and Savings

Is Androscoggin Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17751.

Why does Androscoggin Savings Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Androscoggin Savings Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Androscoggin Savings Bank a commercial bank?

Yes

Where are Androscoggin Savings Bank locations?

See branch locations nearby.

Is Androscoggin Savings Bank open on Saturdays?

Is Androscoggin Savings Bank open on Sundays?

What time does Androscoggin Savings Bank open?

What time does Androscoggin Savings Bank close?

Are Androscoggin Savings Bank ATMs Open 24/7?

Do Androscoggin Savings Bank ATMs accept cash deposits?

Can Androscoggin Savings Bank customers use other ATMs?

Do Androscoggin Savings Bank branches have notaries?

Will Androscoggin Savings Bank notarize my document?

What address for Androscoggin Savings Bank should I put for incoming ACH transfers?

Will the Androscoggin Savings Bank branch print checks?

Do Androscoggin Savings Bank checks expire?

Does Androscoggin Savings Bank require US citizenship to open account?

Can Androscoggin Savings Bank close my account?

Does Androscoggin Savings Bank Report to credit bureaus?

Does Androscoggin Savings Bank Use Equifax?

What is Androscoggin Savings Bank's ACH Routing Number?

What is Androscoggin Savings Bank's SWIFT code?

Products

Does Androscoggin Savings Bank offer mortgages?

Compare mortgage rates here.

Does Androscoggin Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Androscoggin Savings Bank offer personal loans?

Compare personal loan rates here.

Does Androscoggin Savings Bank offer student loans?

Will Androscoggin Savings Bank cash a check?

Will Androscoggin Savings Bank redeem a savings bond?

Does Androscoggin Savings Bank cash savings bonds?

Will Androscoggin Savings Bank cash money orders?

Can Androscoggin Savings Bank issue a money order?

Does Androscoggin Savings Bank do currency exchange?

Background on The Bank

Who owns Androscoggin Savings Bank?

How long has Androscoggin Savings Bank been around?

Can Androscoggin Savings Bank transfer to other banks?

Does Androscoggin Savings Bank have quick pay?

Does Androscoggin Savings Bank accept rolled coins?

Will Androscoggin Savings Bank accept loose change?

Where is Androscoggin Savings Bank headquarters?

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