Bangor Savings Bank

Headquarters

24 Hamlin Way
Bangor, ME 04401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.25% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD 0.75% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bangor Savings Bank is an FDIC insured institution located in Bangor, ME. It was founded in 1852 and has approximately $4.89 billion in assets. Customers can open an account at one of its 64 branches.

FDIC Insured Yes
FDIC Certificate # 18408
Date Established 1852
Assets $ 4.89 billion
Loans $ 3.27 billion
Deposits $ 3.70 billion
Capital $ 504.92 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.08% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
Premium Money Market Account
0.08% $10,000 $14,999 Learn More
Premium Money Market Account
0.10% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
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
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $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
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bangor Savings Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Bangor Savings Bank
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Branches

Bangor 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:
Seattle,Washington


Bangor Savings Bank Locations


Financial Details

Bangor Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bangor 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
Bangor Savings Bank U.S. Bank Average
1.9% 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, Bangor Savings Bank had $10,241,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $504,915,000 in equity and $33,810,000 in loans loss reserves. That gives it a Texas Ratio of 1.9%.

Return on Equity
Bangor Savings Bank U.S. Bank Average
7.76% 7.80%

Bangor Savings Bank has a Return on Equity of 7.76% 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
Bangor Savings Bank U.S. Bank Average
10.33% 12.68%

Bangor Savings Bank has a Capitalization of 10.33% 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.

Bangor Savings Bank Balance Sheet Analysis

As of March 31, 2020, Bangor Savings Bank had assets of $4,886,593,000, loans of $3,265,387,000, and deposits of $3,699,345,000. 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 $ 70.28 million
Interest-bearing balances $ 21.50 million
Total securities $ 1,112.87 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.27 billion
Loan loss allowance $ 33.81 million
Trading account assets $ 14.17 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 56.96 million
All other assets $ 195.30 million
     Total Assets $ 4.38 billion
LIABILITIES
Total deposits $ 3.70 billion
      Interest-bearing deposits $ 2.74 billion
      Deposits held in domestic offices $ 3.70 billion
      % insured (estimated) 58.46%
Federal funds purchased and repurchase agreements $ 460.12 million
Trading liabilities $ 14.17 million
Other borrowed funds $ 152.14 million
Subordinated debt N.A.
All other liabilities $ 55.90 million
      Total Liabilities $ 4.38 billion
      Shareholders’ Equity $ 504.92 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 40.30 million
Total Interest Expense $ 7.40 million
Net interest income $ 32.90 million
Provision for loan and lease losses $ 0.45 million
Total non interest income $ 17.91 million
Total non interest expense $ 38.80 million
Pre-tax Net Operating Income $ 11.55 million

Bank Loan Profile?

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

Compared to other banks in Maine, Bangor Savings Bank has a significantly higher percent of Small Business Loans 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 48.88
Multifamily
Mortgages
4.38
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 8.73
Construction and Development Loans 3.31
Commercial Real Estate 32.95
Commercial and Industrial Loans 8.53
Farm Loans 0.41

Frequently Asked Questions About Bangor Savings Bank

Branches and Savings

Is Bangor Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18408.

Why does Bangor 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 Bangor Savings Bank CD rates not competitive?

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

Is Bangor Savings Bank a commercial bank?

Yes

Where are Bangor Savings Bank locations?

See branch locations nearby.

Is Bangor Savings Bank open on Saturdays?

Is Bangor Savings Bank open on Sundays?

What time does Bangor Savings Bank open?

What time does Bangor Savings Bank close?

Are Bangor Savings Bank ATMs Open 24/7?

Do Bangor Savings Bank ATMs accept cash deposits?

Can Bangor Savings Bank customers use other ATMs?

Do Bangor Savings Bank branches have notaries?

Will Bangor Savings Bank notarize my document?

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

Will the Bangor Savings Bank branch print checks?

Do Bangor Savings Bank checks expire?

Does Bangor Savings Bank require US citizenship to open account?

Can Bangor Savings Bank close my account?

Does Bangor Savings Bank Report to credit bureaus?

Does Bangor Savings Bank Use Equifax?

What is Bangor Savings Bank's ACH Routing Number?

What is Bangor Savings Bank's SWIFT code?

Products

Does Bangor Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bangor Savings Bank offer personal loans?

Compare personal loan rates here.

Does Bangor Savings Bank offer student loans?

Will Bangor Savings Bank cash a check?

Will Bangor Savings Bank redeem a savings bond?

Does Bangor Savings Bank cash savings bonds?

Will Bangor Savings Bank cash money orders?

Can Bangor Savings Bank issue a money order?

Does Bangor Savings Bank do currency exchange?

Background on The Bank

Who owns Bangor Savings Bank?

How long has Bangor Savings Bank been around?

Can Bangor Savings Bank transfer to other banks?

Does Bangor Savings Bank have quick pay?

Does Bangor Savings Bank accept rolled coins?

Will Bangor Savings Bank accept loose change?

Where is Bangor Savings Bank headquarters?

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