Kennebec Savings Bank
Augusta, Maine, Kennebec County
$1.9B in total assets, the 649th largest of 4,309 US banks and 10th of 22 headquartered in Maine.
- FDIC certificate
- 17897
- Established
- 1870
- Owned by
- Kennebec Savings Mhc
- Primary regulator
- FDIC
- Website
- www.kennebecsavings.bank
At a glance
Compared with 14 banks headquartered in Maine with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.9B | 36% | $2.4B | |
| Loans | $1.6B | 36% | $2.0B | |
| Deposits | $1.4B | 29% | $2.0B | |
| Return on assets | 1.33% | 93% | 0.99% | |
| Net interest margin | 3.05% | 21% | 3.52% | |
| Efficiency ratio | 71.4% | 71% | 67.2% | |
| Equity to assets | 13.42% | 93% | 10.55% | |
| Loans to deposits | 111% | 86% | 101% |
Growth
Total assets grew 6.5% a year over the last 5 years and 8.3% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2021 | Kennebec Federal Savings and Loan Association of Waterville Waterville, ME | $87M |
| Jun 1995 | Waterville Savings and Loan Association Waterville, ME | $34M |
Where they operate
8 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Kennebec County, ME | $1.3B | 41.0% | 1 of 8 |
| Cumberland County, ME | $139M | 0.9% | 15 of 19 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 3 branches since 2016 (5 to 8, +60.0%). 2 opened, 1 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 5 | |||
| 2019 | Opened Freeport | 1 | 0 | +1 | 6 |
| 2021 | Acquired Kennebec Federal Savings and Loan Association of Waterville | 1 | 0 | +1 | 7 |
| 2023 | Opened Portland | 1 | 0 | +1 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 67% | 39% | |
| Commercial real estate | 22% | 36% | |
| Business (C&I) | 6% | 8% | |
| Multifamily | 2% | 8% | |
| Construction and land | 1% | 4% | |
| Other | 1% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 55% | |
| Time deposits | 29% | 26% | |
| Noninterest-bearing | 10% | 19% |
Brokered deposits are 12.8% of deposits (peers 14.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.46% | 0.36% |
| Net charge-offs, annualized | -0.00% | 0.04% |
| Reserves to loans | 0.61% | 0.94% |
| Leverage ratio | 13.96% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Maine
Largest competitors in Kennebec County, ME
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/kennebec