Maine Community Bank

Headquarters

254 Main Street
Biddeford, ME 04005
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.55% →
1-Year CD 0.50% 1.35% →
2-Year CD 0.50% 1.45% →
5-Year CD 0.50% 1.60% →
30-Year Mortgage 4.30% 3.09% →
15-Year Mortgage 3.84% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Maine Community Bank is an FDIC insured institution located in Biddeford, ME. It was founded in 1867 and has approximately $0.52 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 17741
Date Established 1867
Assets $ 516.97 million
Loans $ 446.52 million
Deposits $ 384.04 million
Capital $ 57.00 million
 

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

Deposit Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $9,999 Learn More
Money Market
0.20% $25 $19,999 Learn More
Money Market
0.20% $20,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $500 $249,999 Learn More
6 Mo CD
0.50% $500 $249,999 Learn More
12 Mo CD
0.50% $500 $249,999 Learn More
18 Mo CD
0.50% $500 $249,999 Learn More
24 Mo CD
0.50% $500 $249,999 Learn More
Special: 36 Mo CD
0.50% $500 - Learn More
36 Mo CD
0.50% $500 $249,999 Learn More
48 Mo CD
0.50% $500 $249,999 Learn More
60 Mo CD
0.50% $500 $249,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $100 $249,999 Learn MoreShow Less
Special: 36 Mo FIRA
0.50% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $9,999 Learn MoreShow Less

Loan Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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

Maine Community 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


Maine Community Bank Locations


Financial Details

Maine Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Maine Community 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
Maine Community Bank U.S. Bank Average
0.82% 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, Maine Community Bank had $488,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $56,997,000 in equity and $2,440,000 in loans loss reserves. That gives it a Texas Ratio of 0.82%.

Return on Equity
Maine Community Bank U.S. Bank Average
10.4% 9.41%

Maine Community Bank has a Return on Equity of 10.4% 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
Maine Community Bank U.S. Bank Average
11.03% 12.82%

Maine Community Bank has a Capitalization of 11.03% 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.

Maine Community Bank Balance Sheet Analysis

As of December 31, 2019, Maine Community Bank had assets of $516,973,000, loans of $446,520,000, and deposits of $384,039,000. 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 $ 6.08 million
Interest-bearing balances $ 0.39 million
Total securities $ 40.73 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 446.52 million
Loan loss allowance $ 2.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.36 million
All other assets $ 11.79 million
     Total Assets $ 459.98 million
LIABILITIES
Total deposits $ 384.04 million
      Interest-bearing deposits $ 346.09 million
      Deposits held in domestic offices $ 384.04 million
      % insured (estimated) 84.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 71.00 million
Subordinated debt N.A.
All other liabilities $ 4.94 million
      Total Liabilities $ 459.98 million
      Shareholders’ Equity $ 57.00 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 21.16 million
Total Interest Expense $ 5.39 million
Net interest income $ 15.77 million
Provision for loan and lease losses $ 0.36 million
Total non interest income $ 1.37 million
Total non interest expense $ 12.31 million
Pre-tax Net Operating Income $ 4.47 million

Bank Loan Profile?

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

Compared to other banks in Maine, Maine Community Bank has a significantly higher percent of Small Business Loans, Construction and Development 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 55.02
Multifamily
Mortgages
3.14
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 16.26
Construction and Development Loans 5.47
Commercial Real Estate 30.48
Commercial and Industrial Loans 5.23
Farm Loans 0.00

Frequently Asked Questions About Maine Community Bank

Branches and Savings

Is Maine Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17741.

Why does Maine Community Bank pay such low interest on savings accounts?

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

Why are Maine Community Bank CD rates not competitive?

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

Is Maine Community Bank a commercial bank?

Yes

Where are Maine Community Bank locations?

See branch locations nearby.

Is Maine Community Bank open on Saturdays?

Is Maine Community Bank open on Sundays?

What time does Maine Community Bank open?

What time does Maine Community Bank close?

Are Maine Community Bank ATMs Open 24/7?

Do Maine Community Bank ATMs accept cash deposits?

Can Maine Community Bank customers use other ATMs?

Do Maine Community Bank branches have notaries?

Will Maine Community Bank notarize my document?

What address for Maine Community Bank should I put for incoming ACH transfers?

Will the Maine Community Bank branch print checks?

Do Maine Community Bank checks expire?

Does Maine Community Bank require US citizenship to open account?

Can Maine Community Bank close my account?

Does Maine Community Bank Report to credit bureaus?

Does Maine Community Bank Use Equifax?

What is Maine Community Bank's ACH Routing Number?

What is Maine Community Bank's SWIFT code?

Products

Does Maine Community Bank offer mortgages?

Compare mortgage rates here.

Does Maine Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Maine Community Bank offer personal loans?

Compare personal loan rates here.

Does Maine Community Bank offer student loans?

Will Maine Community Bank cash a check?

Will Maine Community Bank redeem a savings bond?

Does Maine Community Bank cash savings bonds?

Will Maine Community Bank cash money orders?

Can Maine Community Bank issue a money order?

Does Maine Community Bank do currency exchange?

Background on The Bank

Who owns Maine Community Bank?

How long has Maine Community Bank been around?

Can Maine Community Bank transfer to other banks?

Does Maine Community Bank have quick pay?

Does Maine Community Bank accept rolled coins?

Will Maine Community Bank accept loose change?

Where is Maine Community Bank headquarters?

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