Saco & Biddeford Savings Institution

252 Main Street
Saco, ME 04072

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17743
Date Established 1827
Assets $0.99 billion
Loans $0.83 billion
Deposits $0.66 billion
Capital $0.11 billion

Saco & Biddeford Savings Institution is an FDIC insured institution located in Saco, ME. It was founded in 1827 and has approximately $0.99 billion in assets. Customers can open an account at one of its 8 branches.

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

Bank Loan Profile?

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

Compared to other banks, Saco & Biddeford Savings Institution’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 69.16
Multifamily
Mortgages
3.12
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 6.85
Construction and Development Loans 4.64
Commercial Real Estate 19.15
Commercial and Industrial Loans 1.60
Farm Loans 0.00

Deposit Rates - May 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.86% $500 - Learn MoreShow Less
6 Mo CD
1.06% $500 - Learn MoreShow Less
Special: 10 Mo CD
2.02% $500 - Learn MoreShow Less
12 Mo CD
2.02% $500 - Learn MoreShow Less
18 Mo CD
2.10% $500 - Learn MoreShow Less
24 Mo CD
2.10% $500 - Learn MoreShow Less
30 Mo CD
2.40% $500 - Learn MoreShow Less
36 Mo CD
2.40% $500 - Learn MoreShow Less
60 Mo CD
2.40% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.02% $500 - Learn MoreShow Less
Special: 10 Mo FIRA
2.02% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.35% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - May 25, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 3.50% 3.50% $732.55
4 Year 3.63% 3.63% $560.35
5 Year 3.63% 3.63% $456.25
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

Saco & Biddeford Savings Institution 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


Saco & Biddeford Savings Institution Locations


Financial Details

Saco & Biddeford Savings Institution Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Saco & Biddeford Savings Institution. 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
Saco & Biddeford Savings Institution U.S. Bank Average
6.41% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Saco & Biddeford Savings Institution had $7,401,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $110,899,000 in equity and $4,537,000 in loans loss reserves. That gives it a Texas Ratio of 6.41%.

Return on Equity
Saco & Biddeford Savings Institution U.S. Bank Average
6.36% 8.80%

Saco & Biddeford Savings Institution has a Return on Equity of 6.36% versus the BestCashCow average of 8.80%. 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
Saco & Biddeford Savings Institution U.S. Bank Average
11.21% 12.29%

Saco & Biddeford Savings Institution has a Capitalization of 11.21% versus the BestCashCow average of 12.29. 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.

Saco & Biddeford Savings Institution Balance Sheet Analysis

As of December 31, 2018, Saco & Biddeford Savings Institution had assets of $989,050,000, loans of $825,196,000, and deposits of $658,316,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.83 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.88 billion
LIABILITIES
Total deposits $0.66 billion
      Interest-bearing deposits $0.56 billion
      Deposits held in domestic offices $0.66 billion
      % insured (estimated) 90.51%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.21 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.88 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Saco & Biddeford Savings Institution

Branches and Savings

Is Saco & Biddeford Savings Institution FDIC insured?

Yes. It is covered under FDIC Certificate #17743.

Why does Saco & Biddeford Savings Institution pay such low interest on savings accounts?

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

Why are Saco & Biddeford Savings Institution CD rates not competitive?

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

Is Saco & Biddeford Savings Institution a commercial bank?

Yes

Where are Saco & Biddeford Savings Institution locations?

See branch locations nearby.

Is Saco & Biddeford Savings Institution open on Saturdays?

Is Saco & Biddeford Savings Institution open on Sundays?

What time does Saco & Biddeford Savings Institution open?

What time does Saco & Biddeford Savings Institution close?

Are Saco & Biddeford Savings Institution ATMs Open 24/7?

Do Saco & Biddeford Savings Institution ATMs accept cash deposits?

Can Saco & Biddeford Savings Institution customers use other ATMs?

Do Saco & Biddeford Savings Institution branches have notaries?

Will Saco & Biddeford Savings Institution notarize my document?

What address for Saco & Biddeford Savings Institution should I put for incoming ACH transfers?

Will the Saco & Biddeford Savings Institution branch print checks?

Do Saco & Biddeford Savings Institution checks expire?

Does Saco & Biddeford Savings Institution require US citizenship to open account?

Can Saco & Biddeford Savings Institution close my account?

Does Saco & Biddeford Savings Institution Report to credit bureaus?

Does Saco & Biddeford Savings Institution Use Equifax?

What is Saco & Biddeford Savings Institution's ACH Routing Number?

What is Saco & Biddeford Savings Institution's SWIFT code?

Products

Does Saco & Biddeford Savings Institution offer mortgages?

Compare mortgage rates here.

Does Saco & Biddeford Savings Institution offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Saco & Biddeford Savings Institution offer personal loans?

Compare personal loan rates here.

Does Saco & Biddeford Savings Institution offer student loans?

Will Saco & Biddeford Savings Institution cash a check?

Will Saco & Biddeford Savings Institution redeem a savings bond?

Does Saco & Biddeford Savings Institution cash savings bonds?

Will Saco & Biddeford Savings Institution cash money orders?

Can Saco & Biddeford Savings Institution issue a money order?

Does Saco & Biddeford Savings Institution do currency exchange?

Background on The Bank

Who owns Saco & Biddeford Savings Institution?

How long has Saco & Biddeford Savings Institution been around?

Can Saco & Biddeford Savings Institution transfer to other banks?

Does Saco & Biddeford Savings Institution have quick pay?

Does Saco & Biddeford Savings Institution accept rolled coins?

Will Saco & Biddeford Savings Institution accept loose change?

Where is Saco & Biddeford Savings Institution headquarters?

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