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 - January 23, 2025

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 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17743
Date Established 1827
Assets $ 1,427.19 million
Loans $ 1,133.64 million
Deposits $ 1,006.05 million
Capital $ 126.25 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 32.42 million
Interest-bearing balances $ 21.59 million
Total securities $ 193.96 million
Federal funds sold and reverse repurchase $ 1.55 million
Net loans and leases $ 1,133.64 million
Loan loss allowance $ 4.78 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 $ 1,300.94 million

LIABILITIES
Total deposits $ 1,006.05 million
      Interest-bearing deposits $ 829.56 million
      Deposits held in domestic offices $ 1,006.05 million
      % insured (estimated) 78.85%
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 $ 1,300.94 million
      Shareholders’ Equity $ 126.25 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 45.29 million
Total Interest Expense $ 26.41 million
Net interest income $ 18.87 million
Provision for loan and lease losses N.A.
Total non interest income $ 7.46 million
Total non interest expense $ 26.35 million
Pre-tax Net Operating Income $ 4.42 million

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