Skowhegan Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Skowhegan Savings Bank is an FDIC-insured savings bank headquartered in Skowhegan, ME, established in 1869 (FDIC certificate 19532), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $855.0M, up 1.4% from Q2 2025, the 16th largest of 22 banks headquartered in Maine. Its CET1 capital ratio was 22.46% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 19532
- Headquarters
- Skowhegan, ME
- Established
- 1869
- Total assets, Q2 2026
- $855.0M
- Assets vs Q2 2025
- +1.4%
- CET1 ratio, Q2 2026
- 22.46%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 211274476
- Latest call report
- Q2 2026, FFIEC 051 · Skowhegan Savings Bank call report
- Asset rank in state
- 16th of 22 in Maine
Skowhegan Savings Bank carries far more capital than most banks of its size. It reported $855 million in assets at June 30, 2026, up 1.4% from a year earlier. It funds 15.81% of its assets with Tier 1 capital, higher than about three-quarters of the 2,627 banks with $100 million to $1 billion in assets (median 10.99%). It also shrank its loan book 0.2% over the year, lower than about three-quarters of banks its size (median 5.5%).
Its reported earnings move with the stock market: it holds equity securities whose value runs through net income, and they gained $3.8 million on paper in the quarter, out of $5.9 million of pre-tax income. Return on assets swings accordingly, so it is not compared with peers here. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.42% of loans from 0.31% a year earlier.
As of June 30, 2026, Skowhegan Savings Bank reported a CET1 capital ratio of 22.46%, a return on assets of 2.17%, a nonperforming-loan ratio of 0.42% and a Texas ratio of 2.03%. The figures come from its call report filed with the FFIEC.
Of the 22 banks headquartered in Maine, Skowhegan Savings Bank is the 16th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.4% to $855.0M, loans rose 0.1% and deposits rose 0.5%. 1-4 family residential loans made up 53.9% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 16.6%. Its 12 offices in the FDIC Summary of Deposits are in 12 cities in ME; its Skowhegan office books 29% of its branch deposits. By the capital ratios in its Q2 2026 call report, Skowhegan Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 13 Elm St, Skowhegan, ME 04976
- County
- Somerset
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 2, 1869
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 121
- Domestic deposits
- $715.3M
- Allowance for credit losses
- $6.1M
- Net charge-offs (YTD)
- -$54K
- Average total assets
- $874.2M
- Average total loans
- $608.8M
- Average interest-bearing deposits
- $479.1M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- January 1, 1966
- FDIC Cert
- 19532
- Fed RSSD
- 401906
- Website
- www.skowhegan.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Skowhegan Savings Bank's total assets ranged from $816.6M (Q3 2023) to $898.2M (Q1 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$855.0M total assets against $843.1M; $731.0M total liabilities against $733.0M.
$610.6M net loans and leases against $611.6M; $715.3M total deposits against $706.7M.
$183.7M securities against $171.3M; $21.4M cash and balances due against $17.9M.
$10.2M total interest income against $9.8M; $2.3M total interest expense against $2.6M.
$7.9M net interest income against $7.3M.
$1.0M total noninterest income against $911K; $6.8M total noninterest expense against $6.1M.
$152K provision for credit losses against -$201K.
$4.7M net income against $2.5M.
2.17% return on assets against 1.16%; 3.86% net interest margin against 3.54%.
22.46% CET1 capital ratio against 20.82%; 15.81% tier 1 leverage ratio against 14.47%.
Inside the full Skowhegan Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSkowhegan Savings Bank rankings
Its closest position to the top of a national ranking is 231 of 2,134, for CET1 ratio; its furthest is 2,252 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.73% (Q4 2024) to 2.17% (Q2 2026) and its net interest margin ran from 3.06% (Q3 2024) to 3.86% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 22.46% | 2.17% | 0.42% | 2.03% | 3.86% |
| Q1 2026 | 22.08% | 0.90% | 0.39% | 1.93% | 3.76% |
| Q4 2025 | 21.91% | 0.91% | 0.43% | 2.18% | 3.76% |
| Q3 2025 | 21.58% | 1.31% | 0.37% | 1.90% | 3.68% |
| Q2 2025 | 20.82% | 1.16% | 0.31% | 1.71% | 3.54% |
| Q1 2025 | 20.36% | 0.73% | 0.29% | 1.62% | 3.42% |
| Q4 2024 | 20.36% | 0.73% | 0.29% | 1.64% | 3.34% |
| Q3 2024 | 20.27% | 0.93% | 0.28% | 1.55% | 3.06% |
Swipe the table sideways to see every column.
Branch Network
View all 12 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Skowhegan Savings Bank (main office) | Skowhegan , ME | 04976 | $207.0M |
| Kingfield Branch | Kingfield , ME | 04947 | $66.9M |
| Dexter Branch | Dexter , ME | 04930 | $64.5M |
| Fairfield Branch | Fairfield , ME | 04937 | $60.1M |
| Madison Branch | Madison , ME | 04950 | $58.5M |
| Farmington Branch | Farmington , ME | 04938 | $56.7M |
| Jackman Branch | Jackman , ME | 04945 | $45.8M |
| Norridgewock Branch | Norridgewock , ME | 04957 | $41.0M |
| Augusta Branch | Augusta , ME | 04330 | $37.2M |
| Rangeley Branch | Rangeley , ME | 04970 | $34.4M |
| Bingham Branch | Bingham , ME | 04920 | $25.4M |
| Portland Branch | Portland , ME | 04101 | $17.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.6% of deposits in ME, rank 20 of 29 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $2.5M approved, $2.5M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Skowhegan Savings Bank
What are Skowhegan Savings Bank's total assets?
As of the Q2 2026 filing, Skowhegan Savings Bank reported total assets of $855.0 million in its FFIEC call report.
Where is Skowhegan Savings Bank headquartered?
It is headquartered in Skowhegan, ME, United States.
When was Skowhegan Savings Bank founded?
It was established in 1869, per the FDIC institution directory.
Is Skowhegan Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #19532). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Skowhegan Savings Bank?
Skowhegan Savings Bank's primary federal regulator is the FDIC.
What is Skowhegan Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 22.46% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Skowhegan Savings Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Skowhegan Savings Bank's Texas Ratio?
Its Texas Ratio is 2.03% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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