SKOWHEGAN SAVINGS BANK

SKOWHEGAN, ME · Supervised by FDIC

Est. 1869FDIC #19,532RSSD: FDIC-19532

Satisfactory Same

Current rating · Exam: January 2025

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.93%

Institution Profile

FDIC BankFind

Website

www.skowhegan.com

Address

13 Elm St, SKOWHEGAN, ME

County

Somerset County

Established

October 2, 1869

Total Assets

$843M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

January 1, 2025

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

Estimated next exam:Jan 2029(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$843M

Total Deposits

$712M

Net Loans

$610M

Net Income

$2M

ROA

0.93%

Above avg for Small banks. Peer avg: 0.44%

ROE

6.60%

Risk-Based Capital

24.12%

Above avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.93%Peer avg: 0.44%▲ Above avg

Risk-Based Capital24.12%Peer avg: 23.03%▲ Above avg

Mortgage Denial Rate20.55%Peer avg: 7.63%▼ Below avg

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Branch Footprint

FDIC SOD 2025

Total Branches

Branch Deposits

$707M

1-Year Change

5-year net change: +1 branches

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	219	59.82%	20.55%
2023	306	61.44%	20.92%
2022	495	56.97%	20.00%
2021	672	64.14%	17.11%
2020	783	62.84%	19.92%
2019	487	69.61%	15.20%
2018	363	62.53%	18.46%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

Exam Date	Rating	Exam Type
Jan 2025	Satisfactory	Intermediate Small Bank
Apr 2022	Satisfactory	Intermediate Small Bank
Dec 2018	Satisfactory	Intermediate Small Bank

9 previous ratings locked — back to 1991

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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