Skowhegan Savings Bank
FDIC #19532
📍 Skowhegan, Maine
Skowhegan Savings Bank is a commercial bank (si) established in 10/02/1869. With assets of $816.58 Million, it operates 13 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2025
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
January 1, 2025
Satisfactory
April 1, 2022
Satisfactory
December 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$816.58 Million
Total Deposits$712.80 Million
Equity Capital$89.76 Million
Net Income$4.08 Million
📈 Performance
ROA0.69%
ROE6.04%
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
Established10/02/1869
FDIC Cert19532
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:30 PM
Tuesday9:00 AM - 4:30 PM
Wednesday9:00 AM - 4:30 PM
Thursday9:00 AM - 4:30 PM
Friday9:00 AM - 4:30 PM
Saturday8:30 AM - 12:00 PM
SundayClosed
📜 Institutional History
2015
Relocation
Moved HQ to: 13 Elm Street, Skowhegan, ME 04976.
1974
Name Change
Name became: Changed Institution Name To Skowhegan Savings Bank.