Machias Savings Bank
FDIC #19531
📍 Machias, Maine
Machias Savings Bank is a commercial bank (si) established in 03/05/1869. With assets of $2.46 Billion, it operates 15 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 1, 2022
Outstanding
June 1, 2019
Outstanding
March 1, 2016
Outstanding
💰 Financial Strength
Total Assets$2.46 Billion
Total Deposits$2.04 Billion
Equity Capital$225.88 Million
Net Income$8.07 Million
📈 Performance
ROA0.45%
ROE4.70%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established03/05/1869
FDIC Cert19531
Holding CoMachias Bcorp Mhc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:30 AM - 5:00 PM
Tuesday7:30 AM - 5:00 PM
Wednesday7:30 AM - 5:00 PM
Thursday7:30 AM - 5:00 PM
Friday7:30 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
1988
Name Change
Name became: Changed Institution Name To Machias Savings Bank.