PARTNERS BANK OF NEW ENGLAND

Headquarters

900 Main Street
Sanford, ME 04073
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.05% →
1-Year CD 0.45% 1.05% →
2-Year CD 0.45% 1.11% →
5-Year CD 0.50% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

PARTNERS BANK OF NEW ENGLAND is an FDIC insured institution located in Sanford, ME. It was founded in 1933 and has approximately $0.64 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 17115
Date Established 1933
Assets $ 642.68 million
Loans $ 518.56 million
Deposits $ 498.61 million
Capital $ 70.32 million
 

For a more detailed analysis of PARTNERS BANK OF NEW ENGLAND's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.02% $2,500 $2,999 Learn More
Money Market
0.03% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
Premium Money Market Account
0.03% $10,000 $14,999 Learn More
Premium Money Market Account
0.15% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 8 Mo CD
0.60% $500 - Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 8 Mo FIRA
0.60% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for PARTNERS BANK OF NEW ENGLAND

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to PARTNERS BANK OF NEW ENGLAND
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

PARTNERS BANK OF NEW ENGLAND 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


PARTNERS BANK OF NEW ENGLAND Locations


Financial Details

PARTNERS BANK OF NEW ENGLAND Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of PARTNERS BANK OF NEW ENGLAND. 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
PARTNERS BANK OF NEW ENGLAND U.S. Bank Average
1.64% 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, PARTNERS BANK OF NEW ENGLAND had $1,242,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $70,321,000 in equity and $5,225,000 in loans loss reserves. That gives it a Texas Ratio of 1.64%.

Return on Equity
PARTNERS BANK OF NEW ENGLAND U.S. Bank Average
-19% 7.80%

PARTNERS BANK OF NEW ENGLAND has a Return on Equity of -19% 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
PARTNERS BANK OF NEW ENGLAND U.S. Bank Average
10.94% 12.68%

PARTNERS BANK OF NEW ENGLAND has a Capitalization of 10.94% 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.

PARTNERS BANK OF NEW ENGLAND Balance Sheet Analysis

As of March 31, 2020, PARTNERS BANK OF NEW ENGLAND had assets of $642,682,000, loans of $518,559,000, and deposits of $498,610,000. 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 $ 47.75 million
Interest-bearing balances $ 37.58 million
Total securities $ 41.48 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 518.56 million
Loan loss allowance $ 5.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.64 million
All other assets $ 22.21 million
     Total Assets $ 572.36 million
LIABILITIES
Total deposits $ 498.61 million
      Interest-bearing deposits $ 447.20 million
      Deposits held in domestic offices $ 498.61 million
      % insured (estimated) 93.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 71.14 million
Subordinated debt N.A.
All other liabilities $ 2.61 million
      Total Liabilities $ 572.36 million
      Shareholders’ Equity $ 70.32 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.67 million
Total Interest Expense $ 1.31 million
Net interest income $ 5.36 million
Provision for loan and lease losses $ 0.40 million
Total non interest income $ 0.70 million
Total non interest expense $ 4.81 million
Pre-tax Net Operating Income $ 0.85 million

Bank Loan Profile?

The top three loan types in PARTNERS BANK OF NEW ENGLAND’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, PARTNERS BANK OF NEW ENGLAND’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 52.80
Multifamily
Mortgages
4.79
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 0.00
Construction and Development Loans 5.23
Commercial Real Estate 29.39
Commercial and Industrial Loans 7.82
Farm Loans 0.05

Frequently Asked Questions About Partners Bank Of New England

Branches and Savings

Is Partners Bank Of New England FDIC insured?

Yes. It is covered under FDIC Certificate #17115.

Why does Partners Bank Of New England pay such low interest on savings accounts?

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

Why are Partners Bank Of New England CD rates not competitive?

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

Is Partners Bank Of New England a commercial bank?

Yes

Where are Partners Bank Of New England locations?

See branch locations nearby.

Is Partners Bank Of New England open on Saturdays?

Is Partners Bank Of New England open on Sundays?

What time does Partners Bank Of New England open?

What time does Partners Bank Of New England close?

Are Partners Bank Of New England ATMs Open 24/7?

Do Partners Bank Of New England ATMs accept cash deposits?

Can Partners Bank Of New England customers use other ATMs?

Do Partners Bank Of New England branches have notaries?

Will Partners Bank Of New England notarize my document?

What address for Partners Bank Of New England should I put for incoming ACH transfers?

Will the Partners Bank Of New England branch print checks?

Do Partners Bank Of New England checks expire?

Does Partners Bank Of New England require US citizenship to open account?

Can Partners Bank Of New England close my account?

Does Partners Bank Of New England Report to credit bureaus?

Does Partners Bank Of New England Use Equifax?

What is Partners Bank Of New England's ACH Routing Number?

What is Partners Bank Of New England's SWIFT code?

Products

Does Partners Bank Of New England offer mortgages?

Compare mortgage rates here.

Does Partners Bank Of New England offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Partners Bank Of New England offer personal loans?

Compare personal loan rates here.

Does Partners Bank Of New England offer student loans?

Will Partners Bank Of New England cash a check?

Will Partners Bank Of New England redeem a savings bond?

Does Partners Bank Of New England cash savings bonds?

Will Partners Bank Of New England cash money orders?

Can Partners Bank Of New England issue a money order?

Does Partners Bank Of New England do currency exchange?

Background on The Bank

Who owns Partners Bank Of New England?

How long has Partners Bank Of New England been around?

Can Partners Bank Of New England transfer to other banks?

Does Partners Bank Of New England have quick pay?

Does Partners Bank Of New England accept rolled coins?

Will Partners Bank Of New England accept loose change?

Where is Partners Bank Of New England headquarters?

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