Kennebec Savings Bank in Augusta, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches


Kennebec Savings Bank - Overview

  • General
  • FDIC Certificate #: 17897
    Status: Active
    Federal Reserve ID: 583905
    Date Established: March 19, 1870
    WWW: http://www.kennebecsavings.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 10711
    FDIC's unique #: 11836
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: August 14, 1958
    Last Structure Change Effective Date: July 30, 2008
    Last Structure Change Process Date: July 30, 2008
    Last Data Update: July 30, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 State Street, Augusta, ME 4332
    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
  • Financial Summary
  • Total assets: $795.4 mil
    Equity capital: $82.4 mil
    Deposits held in domestic offices: $526.1 mil
    Return on assets (ROA): 0.62% ($4.9 mil)
    Quarterly return on assets: 0.78% ($6.2 mil)
    Return on Equity (ROE): 6.06% ($5.0 mil)
    Quarterly return on equity: 7.62% ($6.2 mil)
    Net income: $4.9 mil
    Quarterly Net income: $1.6 mil
    Pretax return on assets: 0.86% ($6,840.7 mil)
    Quarterly Pretax return on assets: 0.94% ($7,477.0 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
  • 92Total employees (full-time equivalent)
  • $795,427Total assets
  • $15,650Cash and due from depository institutions
  • $12,242Interest-bearing balances
  • $101,958Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $635,445Net loans & leases
  • $3,527Loan loss allowance
  • $0Trading account assets
  • $13,456Bank premises and fixed assets
  • $294Other real estate owned
  • $0Goodwill and other intangibles
  • $795,427Life insurance assets
  • $28,624All other assets
  • $712,994Total liabilities and capital
  • $526,126Total liabilities
  • $495,834Total deposits
  • $526,126Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 21319.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $149,514Trading liabilities
  • $0Other borrowed funds
  • $16,035Subordinated debt
  • $82,433All other liabilities
  • $82,433Total equity capital
  • $82,433Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $82,433Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,211Income earned, not collected on loans
  • $0Earning assets
  • $1,670Long-term assets (5+ years)
  • $749,645Average Assets, year-to-date
  • $474,354Average Assets, quarterly
  • $785,001Volatile liabilities
  • $796,235Insider loans
  • $507,509FHLB advances
  • $792,785Loans and leases held for sale
  • $7,025Unused loan commitments
  • $7,025Tier 1 (core) risk-based capital
  • $85,251Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $71,839Restructured Loans and leases
  • $4,674Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $34,660Total interest income
  • $13,451Total interest expense
  • $21,209Net interest income
  • $810Provision for loan and lease losses
  • $2,286Total noninterest income
  • $281Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,935Additional noninterest income
  • $16,199Total noninterest expense
  • $8,571Salaries and employee benefits
  • $2,229Premises and equipment expense
  • $5,399Additional noninterest expense
  • $6,486Pre-tax net operating income
  • $274Securities gains (losses)
  • $1,887Applicable income taxes
  • $4,873Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,873Net income attributable to bank
  • $0Net charge-offs
  • $4,873Cash dividends
  • $586Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.82%Cost of funding earning assets
  • 2.87%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 6.06%Return on equity (ROE)
  • 6.06%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 138.23%Credit loss provision to net charge-offs
  • 12.45%Efficiency ratio
  • 68,947Assets per employee
  • 8.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.55%Loss allowance to noncurrent loans
  • 67.68%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 120.78%Net loans and leases to core deposits
  • 133.55%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 10.75%Tier 1 risk-based capital ratio
  • 16.80%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $785,001Average earning assets
  • $80,397Average equity
  • $739,139Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $58,495Managed Assets
  • 1Number of Accounts
  • $58,495Personal trust and agency accounts
  • $28,253Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,387Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $22,855Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 183Number of Accounts
  • $0Personal trust and agency accounts
  • $7,387Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011836Kennebec Savings Bank150 State Street, Augusta, ME 4332March 19, 1870Full Service Brick and Mortar
    1243108Winthrop Branch84 Main Street, Winthrop, ME 4364July 27, 1992Full Service Brick and Mortar
    241434Waterville Branch226 Main Street, Waterville, ME 4901January 01, 1887Full Service Brick and Mortar
    3358192Granite Hill Estates BranchGranite Hill Estates, 60 Balsam Drive, Hallowell, ME 4347September 19, 2000Limited Service Facility
    4499547Gardiner Branch35 Bridge Street, Gardiner, ME 4345December 14, 2009Full Service Brick and Mortar

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