Kennebec Federal Savings and Loan Association of Waterville

Headquarters

70 Main Street
Waterville, ME 04901
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.00% →
1-Year CD 0.45% 0.95% →
2-Year CD 0.55% 1.05% →
5-Year CD N.A. 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

Kennebec Federal Savings and Loan Association of Waterville is an FDIC insured institution located in Waterville, ME. It was founded in 1936 and has approximately $0.09 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 29661
Date Established 1936
Assets $ 94.51 million
Loans $ 82.44 million
Deposits $ 71.09 million
Capital $ 8.58 million
 

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

Deposit Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.16% $10,000 $14,999 Learn More
3 Mo CD
0.16% $100,000 $199,999 Learn More
6 Mo CD
0.36% $10,000 $14,999 Learn More
6 Mo CD
0.36% $100,000 $199,999 Learn More
Special: 7 Mo CD
0.40% $500 $250,000 Learn More
Special: 9 Mo CD
0.45% $500 $250,000 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
Special: 13 Mo CD
0.50% $500 $250,000 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More

Checking Rates APY MIN FEE
KFS Rewards Checking 0.50% $0 $0.00 Learn MoreShow Less

Loan Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Kennebec Federal Savings and Loan Association of Waterville

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
2.789% 2.750% 0.50 $1,250 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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PenFed Credit Union
PenFed Credit Union
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3.750 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Note to Kennebec Federal Savings and Loan Association of Waterville
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Branches

Kennebec Federal Savings and Loan Association of Waterville 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


Kennebec Federal Savings and Loan Association of Waterville Locations


Financial Details

Kennebec Federal Savings and Loan Association of Waterville Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Kennebec Federal Savings and Loan Association of Waterville. 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
Kennebec Federal Savings and Loan Association of Waterville U.S. Bank Average
4.43% 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, Kennebec Federal Savings and Loan Association of Waterville had $402,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,576,000 in equity and $499,000 in loans loss reserves. That gives it a Texas Ratio of 4.43%.

Return on Equity
Kennebec Federal Savings and Loan Association of Waterville U.S. Bank Average
1.36% 7.80%

Kennebec Federal Savings and Loan Association of Waterville has a Return on Equity of 1.36% 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
Kennebec Federal Savings and Loan Association of Waterville U.S. Bank Average
9.07% 12.68%

Kennebec Federal Savings and Loan Association of Waterville has a Capitalization of 9.07% 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.

Kennebec Federal Savings and Loan Association of Waterville Balance Sheet Analysis

As of March 31, 2020, Kennebec Federal Savings and Loan Association of Waterville had assets of $94,512,000, loans of $82,435,000, and deposits of $71,086,000. 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 $ 5.72 million
Interest-bearing balances $ 5.34 million
Total securities $ 2.84 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 82.44 million
Loan loss allowance $ 0.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.23 million
All other assets $ 1.24 million
     Total Assets $ 85.94 million
LIABILITIES
Total deposits $ 71.09 million
      Interest-bearing deposits $ 65.53 million
      Deposits held in domestic offices $ 71.09 million
      % insured (estimated) 98.27%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 14.62 million
Subordinated debt N.A.
All other liabilities $ 0.23 million
      Total Liabilities $ 85.94 million
      Shareholders’ Equity $ 8.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.05 million
Total Interest Expense $ 0.29 million
Net interest income $ 0.76 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.16 million
Total non interest expense $ 0.86 million
Pre-tax Net Operating Income $ 0.04 million

Bank Loan Profile?

The top three loan types in Kennebec Federal Savings and Loan Association of Waterville’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Multifamily Mortgages.

Compared to other banks in Maine, Kennebec Federal Savings and Loan Association of Waterville has a significantly higher percent of 1-4 Family Residential 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 99.88
Multifamily
Mortgages
0.01
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.69
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Kennebec Federal Savings And Loan Association Of Waterville

Branches and Savings

Is Kennebec Federal Savings And Loan Association Of Waterville FDIC insured?

Yes. It is covered under FDIC Certificate #29661.

Why does Kennebec Federal Savings And Loan Association Of Waterville pay such low interest on savings accounts?

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

Why are Kennebec Federal Savings And Loan Association Of Waterville CD rates not competitive?

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

Is Kennebec Federal Savings And Loan Association Of Waterville a commercial bank?

Yes

Where are Kennebec Federal Savings And Loan Association Of Waterville locations?

See branch locations nearby.

Is Kennebec Federal Savings And Loan Association Of Waterville open on Saturdays?

Is Kennebec Federal Savings And Loan Association Of Waterville open on Sundays?

What time does Kennebec Federal Savings And Loan Association Of Waterville open?

What time does Kennebec Federal Savings And Loan Association Of Waterville close?

Are Kennebec Federal Savings And Loan Association Of Waterville ATMs Open 24/7?

Do Kennebec Federal Savings And Loan Association Of Waterville ATMs accept cash deposits?

Can Kennebec Federal Savings And Loan Association Of Waterville customers use other ATMs?

Do Kennebec Federal Savings And Loan Association Of Waterville branches have notaries?

Will Kennebec Federal Savings And Loan Association Of Waterville notarize my document?

What address for Kennebec Federal Savings And Loan Association Of Waterville should I put for incoming ACH transfers?

Will the Kennebec Federal Savings And Loan Association Of Waterville branch print checks?

Do Kennebec Federal Savings And Loan Association Of Waterville checks expire?

Does Kennebec Federal Savings And Loan Association Of Waterville require US citizenship to open account?

Can Kennebec Federal Savings And Loan Association Of Waterville close my account?

Does Kennebec Federal Savings And Loan Association Of Waterville Report to credit bureaus?

Does Kennebec Federal Savings And Loan Association Of Waterville Use Equifax?

What is Kennebec Federal Savings And Loan Association Of Waterville's ACH Routing Number?

What is Kennebec Federal Savings And Loan Association Of Waterville's SWIFT code?

Products

Does Kennebec Federal Savings And Loan Association Of Waterville offer mortgages?

Compare mortgage rates here.

Does Kennebec Federal Savings And Loan Association Of Waterville offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kennebec Federal Savings And Loan Association Of Waterville offer personal loans?

Compare personal loan rates here.

Does Kennebec Federal Savings And Loan Association Of Waterville offer student loans?

Will Kennebec Federal Savings And Loan Association Of Waterville cash a check?

Will Kennebec Federal Savings And Loan Association Of Waterville redeem a savings bond?

Does Kennebec Federal Savings And Loan Association Of Waterville cash savings bonds?

Will Kennebec Federal Savings And Loan Association Of Waterville cash money orders?

Can Kennebec Federal Savings And Loan Association Of Waterville issue a money order?

Does Kennebec Federal Savings And Loan Association Of Waterville do currency exchange?

Background on The Bank

Who owns Kennebec Federal Savings And Loan Association Of Waterville?

How long has Kennebec Federal Savings And Loan Association Of Waterville been around?

Can Kennebec Federal Savings And Loan Association Of Waterville transfer to other banks?

Does Kennebec Federal Savings And Loan Association Of Waterville have quick pay?

Does Kennebec Federal Savings And Loan Association Of Waterville accept rolled coins?

Will Kennebec Federal Savings And Loan Association Of Waterville accept loose change?

Where is Kennebec Federal Savings And Loan Association Of Waterville headquarters?

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