Bar Harbor Savings and Loan Association

Headquarters

103 Main St
Bar Harbor, ME 04609
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.10% →
1-Year CD N.A. 4.71% →
2-Year CD N.A. 4.65% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

Bar Harbor Savings and Loan Association is an FDIC insured institution located in Bar Harbor, ME. It was founded in 1902 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30878
Date Established 1902
Assets $ 100.80 million
Loans $ 71.76 million
Deposits $ 78.52 million
Capital $ 12.41 million
 

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

Deposit Rates - December 9, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 9, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bar Harbor Savings and Loan Association

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Northpointe Bank
NMLS ID: 447490
5.823% 5.750%
0.75 points
$1,998 fees
$1,459 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.905% 7.750%
1.00 points
$3,750 fees
$1,792 Learn More
PADDIO
NMLS ID: 1907
6.438% 6.250%
1.00 points
$5,000 fees
$1,540 Learn More
First Internet Bank
NMLS ID: 424182
6.061% 5.990%
0.75 points
$1,895 fees
$1,498 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to Bar Harbor Savings and Loan Association
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Branches

Bar Harbor Savings and Loan Association 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


Bar Harbor Savings and Loan Association Locations



Climate Initiatives

Bar Harbor Savings and Loan Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bar Harbor Savings and Loan Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bar Harbor Savings and Loan Association. 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
Bar Harbor Savings and Loan Association U.S. Bank Average
3.53% 4.06%

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 June 30, 2022, Bar Harbor Savings and Loan Association had $466,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,406,000 in equity and $804,000 in loans loss reserves. That gives it a Texas Ratio of 3.53%.

Return on Equity
Bar Harbor Savings and Loan Association U.S. Bank Average
2.51% 9.98%

Bar Harbor Savings and Loan Association has a Return on Equity of 2.51% versus the BestCashCow average of 9.98%. 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
Bar Harbor Savings and Loan Association U.S. Bank Average
12.31% 10.23%

Bar Harbor Savings and Loan Association has a Capitalization of 12.31% versus the BestCashCow average of 10.23. 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.

Bar Harbor Savings and Loan Association Balance Sheet Analysis

As of June 30, 2022, Bar Harbor Savings and Loan Association had assets of $100,800,000, loans of $71,756,000, and deposits of $78,524,000. 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

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 13.25 million
Interest-bearing balances $ 12.77 million
Total securities $ 5.60 million
Federal funds sold and reverse repurchase $ 7.39 million
Net loans and leases $ 71.76 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 N.A.
All other assets $ 1.11 million
     Total Assets $ 88.39 million
LIABILITIES
Total deposits $ 78.52 million
      Interest-bearing deposits $ 76.40 million
      Deposits held in domestic offices $ 78.52 million
      % insured (estimated) 94.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.75 million
Subordinated debt N.A.
All other liabilities $ 0.12 million
      Total Liabilities $ 88.39 million
      Shareholders’ Equity $ 12.41 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 1.41 million
Total Interest Expense $ 0.41 million
Net interest income $ 1.00 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.04 million
Total non interest expense $ 0.81 million
Pre-tax Net Operating Income $ 0.20 million

Bank Loan Profile?

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

Compared to other banks in Maine, Bar Harbor Savings and Loan Association has a significantly higher percent of 1-4 Family Residential Loans, 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 82.98
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.24
Construction and Development Loans 3.63
Commercial Real Estate 14.38
Commercial and Industrial Loans 0.00
Farm Loans 0.00

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