Banks | Saco & Biddeford Savings Institution

Saco & Biddeford Savings Institution


Saco & Biddeford Savings Institution is an FDIC insured institution headquartered at 252 Main St, Saco, ME 04072.
It was founded in 1827 and has approximately $1 billion in assets. Customers can open an account at one of its 8 branches.

Deposit Rates - December 21, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.33% $10,000 Compare
6 Mo CD
0.33% $100,000 Compare
12 Mo CD
0.43% $10,000 Compare
12 Mo CD
0.43% $100,000 Compare
Special: 18 Mo CD
0.50% $500 Compare
18 Mo CD
0.50% $10,000 Compare
18 Mo CD
0.50% $100,000 Compare
24 Mo CD
0.55% $10,000 Compare
24 Mo CD
0.55% $100,000 Compare
30 Mo CD
0.58% $10,000 Compare
30 Mo CD
0.58% $100,000 Compare
36 Mo CD
0.68% $10,000 Compare
36 Mo CD
0.68% $100,000 Compare
60 Mo CD
0.88% $10,000 Compare
60 Mo CD
0.88% $100,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.20% $1
INT CHECKING RATES APY MIN
Int Ckg
0.08% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17743
Date Established 1827
Assets $ 1,404.41 million
Loans $ 1,114.57 million
Deposits $ 980.64 million
Capital $ 121.63 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 34.87 million
Interest-bearing balances $ 28.13 million
Total securities $ 184.91 million
Federal funds sold and reverse repurchase $ 2.39 million
Net loans and leases $ 1,114.57 million
Loan loss allowance $ 4.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.59 million
All other assets $ 36.45 million
     Total Assets $ 1,282.78 million

LIABILITIES
Total deposits $ 980.64 million
      Interest-bearing deposits $ 805.62 million
      Deposits held in domestic offices $ 980.64 million
      % insured (estimated) 79.64%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 152.81 million
Subordinated debt N.A.
All other liabilities $ 18.78 millionn
      Total Liabilities $ 1,282.78 million
      Shareholders’ Equity $ 121.63 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 29.62 million
Total Interest Expense $ 17.41 million
Net interest income $ 12.21 million
Provision for loan and lease losses N.A.
Total non interest income $ 4.81 million
Total non interest expense $ 17.74 million
Pre-tax Net Operating Income $ 4.42 million

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