Auburn Savings Bank, FSB

Headquarters

256 Court St
Auburn, ME 04210
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.25% 1.15% →
2-Year CD 0.40% 1.26% →
5-Year CD 1.00% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Auburn Savings Bank, FSB is an FDIC insured institution located in Auburn, ME. It was founded in 1887 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 28288
Date Established 1887
Assets $ 84.20 million
Loans $ 72.42 million
Deposits $ 66.16 million
Capital $ 7.32 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $24,999 Learn More
Money Market
0.10% $25 $49,999 Learn More
Premium Money Market Account
0.10% $25 $24,999 Learn More
Premium Money Market Account
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $500 - Learn More
12 Mo CD
0.25% $500 - Learn More
18 Mo CD
0.30% $500 - Learn More
24 Mo CD
0.40% $500 - Learn More
30 Mo CD
0.55% $500 - Learn More
36 Mo CD
0.65% $500 - Learn More
48 Mo CD
0.75% $500 - Learn More
60 Mo CD
1.00% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $100 $499 Learn MoreShow Less
Int Ckg
0.60% $2,500 $4,999 Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Auburn Savings Bank, FSB

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Auburn Savings Bank, FSB
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Branches

Auburn Savings Bank, FSB 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:
Fairfield,Connecticut


Auburn Savings Bank, FSB Locations


Financial Details

Auburn Savings Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Auburn Savings Bank, FSB. 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
Auburn Savings Bank, FSB U.S. Bank Average
8.38% 6.51%

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 December 31, 2019, Auburn Savings Bank, FSB had $680,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,315,000 in equity and $802,000 in loans loss reserves. That gives it a Texas Ratio of 8.38%.

Return on Equity
Auburn Savings Bank, FSB U.S. Bank Average
3.4% 9.41%

Auburn Savings Bank, FSB has a Return on Equity of 3.4% versus the BestCashCow average of 9.41%. 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
Auburn Savings Bank, FSB U.S. Bank Average
8.69% 12.82%

Auburn Savings Bank, FSB has a Capitalization of 8.69% versus the BestCashCow average of 12.82. 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.

Auburn Savings Bank, FSB Balance Sheet Analysis

As of December 31, 2019, Auburn Savings Bank, FSB had assets of $84,197,000, loans of $72,423,000, and deposits of $66,161,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 2.34 million
Interest-bearing balances $ 1.90 million
Total securities $ 5.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 72.42 million
Loan loss allowance $ 0.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.08 million
All other assets $ 1.82 million
     Total Assets $ 76.88 million
LIABILITIES
Total deposits $ 66.16 million
      Interest-bearing deposits $ 57.37 million
      Deposits held in domestic offices $ 66.16 million
      % insured (estimated) 91.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.60 million
Subordinated debt N.A.
All other liabilities $ 1.12 million
      Total Liabilities $ 76.88 million
      Shareholders’ Equity $ 7.31 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.77 million
Total Interest Expense $ 1.04 million
Net interest income $ 2.73 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.34 million
Total non interest expense $ 2.73 million
Pre-tax Net Operating Income $ 0.33 million

Bank Loan Profile?

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

Compared to other banks, Auburn Savings Bank, FSB’s loan portfolio does not show any specific loan specialty.

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 73.20
Multifamily
Mortgages
5.35
Credit Card Loans 0.00
Consumer Auto Loans 0.76
Small Business Loans 7.13
Construction and Development Loans 3.95
Commercial Real Estate 9.42
Commercial and Industrial Loans 6.14
Farm Loans 0.00

Frequently Asked Questions About Auburn Savings Bank, Fsb

Branches and Savings

Is Auburn Savings Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #28288.

Why does Auburn Savings Bank, Fsb pay such low interest on savings accounts?

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

Why are Auburn Savings Bank, Fsb CD rates not competitive?

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

Is Auburn Savings Bank, Fsb a commercial bank?

Yes

Where are Auburn Savings Bank, Fsb locations?

See branch locations nearby.

Is Auburn Savings Bank, Fsb open on Saturdays?

Is Auburn Savings Bank, Fsb open on Sundays?

What time does Auburn Savings Bank, Fsb open?

What time does Auburn Savings Bank, Fsb close?

Are Auburn Savings Bank, Fsb ATMs Open 24/7?

Do Auburn Savings Bank, Fsb ATMs accept cash deposits?

Can Auburn Savings Bank, Fsb customers use other ATMs?

Do Auburn Savings Bank, Fsb branches have notaries?

Will Auburn Savings Bank, Fsb notarize my document?

What address for Auburn Savings Bank, Fsb should I put for incoming ACH transfers?

Will the Auburn Savings Bank, Fsb branch print checks?

Do Auburn Savings Bank, Fsb checks expire?

Does Auburn Savings Bank, Fsb require US citizenship to open account?

Can Auburn Savings Bank, Fsb close my account?

Does Auburn Savings Bank, Fsb Report to credit bureaus?

Does Auburn Savings Bank, Fsb Use Equifax?

What is Auburn Savings Bank, Fsb's ACH Routing Number?

What is Auburn Savings Bank, Fsb's SWIFT code?

Products

Does Auburn Savings Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Auburn Savings Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Auburn Savings Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Auburn Savings Bank, Fsb offer student loans?

Will Auburn Savings Bank, Fsb cash a check?

Will Auburn Savings Bank, Fsb redeem a savings bond?

Does Auburn Savings Bank, Fsb cash savings bonds?

Will Auburn Savings Bank, Fsb cash money orders?

Can Auburn Savings Bank, Fsb issue a money order?

Does Auburn Savings Bank, Fsb do currency exchange?

Background on The Bank

Who owns Auburn Savings Bank, Fsb?

How long has Auburn Savings Bank, Fsb been around?

Can Auburn Savings Bank, Fsb transfer to other banks?

Does Auburn Savings Bank, Fsb have quick pay?

Does Auburn Savings Bank, Fsb accept rolled coins?

Will Auburn Savings Bank, Fsb accept loose change?

Where is Auburn Savings Bank, Fsb headquarters?

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