Kennebec Federal Savings and Loan Association of Waterville in Waterville, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Kennebec Federal Savings and Loan Association of Waterville in Waterville, Maine (ME)
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Kennebec Federal Savings and Loan Association of Waterville - Overview

  • General
  • FDIC Certificate #: 29661
    Status: Active
    Federal Reserve ID: 463977
    Date Established: March 01, 1936
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 3844
    FDIC's unique #: 42495
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: April 04, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 Main Street, Waterville, ME 4901
    County: Kennebec
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Augusta-Waterville, ME (#12300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $77.5 mil
    Equity capital: $6.5 mil
    Deposits held in domestic offices: $52.4 mil
    Return on assets (ROA): 0.44% ($0.3 mil)
    Quarterly return on assets: 0.52% ($0.4 mil)
    Return on Equity (ROE): 5.41% ($0.4 mil)
    Quarterly return on equity: 6.31% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.65% ($503.9 mil)
    Quarterly Pretax return on assets: 0.73% ($565.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $77,521Total assets
  • $3,943Cash and due from depository institutions
  • $3,650Interest-bearing balances
  • $2,618Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $65,535Net loans & leases
  • $203Loan loss allowance
  • $0Trading account assets
  • $2,703Bank premises and fixed assets
  • $150Other real estate owned
  • $429Goodwill and other intangibles
  • $77,521Life insurance assets
  • $2,143All other assets
  • $71,001Total liabilities and capital
  • $52,378Total liabilities
  • $47,201Total deposits
  • $52,378Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,250Trading liabilities
  • $0Other borrowed funds
  • $373Subordinated debt
  • $6,520All other liabilities
  • $6,520Total equity capital
  • $6,520Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $6,520Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,178Income earned, not collected on loans
  • $0Earning assets
  • $266Long-term assets (5+ years)
  • $71,803Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $78,173Volatile liabilities
  • $77,733Insider loans
  • $56,632FHLB advances
  • $77,544Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,535Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,867Restructured Loans and leases
  • $478Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,665Total interest income
  • $1,302Total interest expense
  • $2,363Net interest income
  • $78Provision for loan and lease losses
  • $870Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $870Additional noninterest income
  • $2,652Total noninterest expense
  • $1,306Salaries and employee benefits
  • $758Premises and equipment expense
  • $588Additional noninterest expense
  • $503Pre-tax net operating income
  • $5Securities gains (losses)
  • $164Applicable income taxes
  • $344Income before extraordinary items
  • $0Extraordinary gains - net
  • $344Net income attributable to bank
  • $0Net charge-offs
  • $344Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 3.31%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.41%Return on equity (ROE)
  • 5.41%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 78.79%Credit loss provision to net charge-offs
  • 5.87%Efficiency ratio
  • 82,029Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.31%Loss allowance to noncurrent loans
  • 17.23%Noncurrent assets plus other real estate owned to assets
  • 1.71%Noncurrent loans to loans
  • 1.79%Net loans and leases to deposits
  • 125.12%Net loans and leases to core deposits
  • 129.68%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 11.54%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $78,173Average earning assets
  • $6,355Average equity
  • $71,305Average loans

List of branches

  • 2 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042495Kennebec Federal Savings And Loan As70 Main Street, Waterville, ME 4901March 01, 1936Full Service Brick and Mortar
    1491981Waterville Branch11 Washington Street, Waterville, ME 4901July 17, 2007Full Service Brick and Mortar

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