Bangor Savings Bank Mortgage Rates, Fees & Info

Bangor, ME

LEI: 549300JEBULFT3BSU682

Tax ID: 01-0024610

5 stars - out of 5 stars, based on 84 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bangor Savings Bank is a small bank specializing in Home Purchase and Refi loans. Bangor Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Portland, Boston, Bangor, Augusta, and Worcester among others. Bangor Savings Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bangor Savings Bank is typically an average fee lendor.


Originations

7,056

Origination Dollar Volume (All Markets)

$1,810,370,000

Employee count

1,058 Show all (14) awards

Relative Rate

Bangor Savings Bank's average 30 year fixed rate mortgage of loans were 3.03%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.12%.

Relative Fees

Bangor Savings Bank's average total fees for a 30 year fixed rate mortgage are $3,668.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2,091 $608,355,000 $290,940 $3,649 3.04%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 932 $436,750,000 $468,616 $3,477 2.88%
Outside of Metro Areas 1,890 $322,100,000 $170,423 $3,415 3.18%
BANGOR, ME (FHA|USDA|VA) 1,141 $180,905,000 $158,550 $3,339 3.10%
Augusta-Waterville, ME (FHA|USDA|VA) 317 $52,115,000 $164,401 $3,635 3.04%
WORCESTER, MA-CT (FHA|USDA|VA) 103 $46,505,000 $451,505 $4,062 2.83%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 239 $44,905,000 $187,887 $3,412 3.21%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 111 $44,855,000 $404,099 $3,256 2.95%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 36 $14,680,000 $407,778 $3,475 2.83%
Concord, NH (FHA|USDA|VA) 51 $11,945,000 $234,216 $3,405 3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 17 $10,515,000 $618,529 $5,441 2.96%
Lebanon, NH-VT (FHA|USDA|VA) 22 $7,040,000 $320,000 $3,917 3.00%
Berlin, NH (FHA|USDA|VA) 36 $6,200,000 $172,222 $3,187 3.28%
Laconia, NH (FHA|USDA|VA) 15 $4,285,000 $285,667 $3,569 3.04%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $3,765,000 $418,333 $2,987 2.81%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $2,720,000 $453,333 $5,940 2.73%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,930,000 $321,667 $4,292 3.13%
Vineyard Haven, MA (FHA|USDA|VA) 2 $1,910,000 $955,000 $5,956 2.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,745,000 $349,000 $4,576 2.60%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 3 $1,525,000 $508,333 $5,655 3.21%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,435,000 $478,333 $6,176 3.17%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,190,000 $198,333 $2,339 2.96%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $520,000 $260,000 $3,244 2.75%
THE VILLAGES, FL (FHA|USDA|VA) 2 $450,000 $225,000 $4,653 3.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $4,177 2.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $4,446 2.88%
Keene, NH (FHA|USDA|VA) 2 $300,000 $150,000 $0 2.50%
PITTSFIELD, MA (FHA|USDA|VA) 1 $265,000 $265,000 $3,574 2.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,989 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,562 2.75%
Bennington, VT (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,486 2.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 2.63%

Bangor Savings Bank's top markets include Portland, Boston, Bangor, Augusta, and Worcester among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 6,755 $1,744,495,000 $258,252 $3,323 3.08%
USDA 124 $20,620,000 $166,290 $5,082 2.85%
FHA 108 $25,990,000 $240,648 $7,664 2.75%
VA 69 $19,265,000 $279,203 $6,154 2.73%

For the 2021 period, Bangor Savings Bank's most frequently originated loan type of loans were Conventional, with 6,755 originations. Their 2nd most popular type is USDA, with 124 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,579 $841,655,000 $326,349 $4,121 3.07%
Refi 2,150 $546,550,000 $254,209 $2,776 2.92%
Home Improvement 1,033 $115,205,000 $111,525 $4,808 3.38%
Cash Out Refi 975 $264,975,000 $271,769 $3,256 2.94%
Other 319 $41,985,000 $131,614 $3,342 3.40%

For the 2021, Bangor Savings Bank's most frequently cited loan purpose of loans were Home Purchase, with 2,579 originations. The 2nd most popular reason of loans were Refi, with 2,150 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,143 $1,027,525,000 $326,925 $3,668 3.03%
Other 2,275 $309,745,000 $136,152 $4,563 3.36%
15 Year 1,015 $215,745,000 $212,557 $2,805 2.40%
20 Year 341 $91,115,000 $267,199 $2,760 3.41%
10 Year 148 $95,330,000 $644,122 $2,653 2.68%
30+ year 121 $55,745,000 $460,702 $7,420 3.45%
5 Year 12 $9,700,000 $808,333 $0 3.61%
3 Year 1 $5,465,000 $5,465,000 $0 3.75%

For the 2021, Bangor Savings Bank's most frequently cited loan length of loans were 30 Year, with 3,143 originations. The 2nd most popular length of loans were Other, with 2,275 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,020 $882,090,000 $292,083
$<1k 1,113 $344,855,000 $309,843
$2k-3k 203 $66,005,000 $325,148
$3k-4k 100 $35,160,000 $351,600
$5k+ 51 $23,375,000 $458,333

$3,668 of loans were Bangor Savings Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,020 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,793 $864,275,000 $309,443
3-4% 2,098 $526,710,000 $251,053
<2.5% 1,595 $340,665,000 $213,583
4-5% 523 $73,755,000 $141,023
5-6% 47 $4,965,000 $105,638

During 2021, Bangor Savings Bank's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,793 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,276 $631,890,000 $277,632 $3,511 2.97%
$100k-200k 2,135 $309,945,000 $145,173 $3,047 3.03%
$100,000 or less 1,547 $91,545,000 $59,176 $2,751 3.34%
$400k-600k 660 $315,980,000 $478,758 $4,045 2.97%
$600k-1MM 334 $245,430,000 $734,820 $4,629 2.91%
$1MM+ 104 $215,580,000 $2,072,885 $6,850 2.99%

2021 saw Bangor Savings Bank place emphasis on $200k-400k loans with 2,276 originations, totaling $631,890,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,541 $384,745,000 $249,672 $3,443 3.03%
$50k-75k 1,313 $211,545,000 $161,116 $3,382 3.06%
$75k-100k 1,159 $229,955,000 $198,408 $3,443 3.05%
$150k-250k 1,140 $370,230,000 $324,763 $3,561 3.03%
$50k or less 904 $104,770,000 $115,896 $3,317 3.16%
$250k+ 641 $316,285,000 $493,424 $4,463 2.92%

Bangor Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 1,541 originations. The second most popular income band? $50k-75k, with 1,313 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,814 $431,700,000 $237,982 $3,298 3.03%
30-36% 1,297 $327,835,000 $252,764 $3,424 3.02%
<20% 1,007 $183,105,000 $181,832 $3,236 3.12%
42% 341 $86,415,000 $253,416 $3,703 3.16%
41% 270 $72,020,000 $266,741 $3,970 3.08%
40% 254 $66,600,000 $262,205 $3,574 3.10%
37% 251 $57,225,000 $227,988 $3,590 3.07%
43% 240 $51,320,000 $213,833 $3,611 2.91%
39% 234 $59,830,000 $255,684 $3,603 3.03%
38% 225 $54,655,000 $242,911 $3,491 3.10%
36% 221 $60,075,000 $271,833 $3,743 3.02%
44% 146 $44,580,000 $305,342 $3,909 2.92%
45% 121 $35,565,000 $293,926 $3,773 3.00%
46% 104 $27,510,000 $264,519 $4,389 2.86%
47% 98 $26,560,000 $271,020 $3,376 2.85%
48% 94 $24,670,000 $262,447 $4,069 2.89%
49% 89 $24,245,000 $272,416 $3,596 3.00%
50-60% 48 $12,930,000 $269,375 $4,372 2.93%
>60% 9 $2,165,000 $240,556 $3,194 3.76%

Bangor Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 1,814 originations. The next most common DTI ratio? 30-36%, with 1,297 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 5,849 $1,369,175,000 $234,087 $3,475 3.05%
Not provided 788 $201,050,000 $255,140 $3,742 3.02%
Not applicable 187 $160,235,000 $856,872 $0 3.93%
Asian 152 $62,770,000 $412,961 $3,767 2.86%
Black 47 $11,325,000 $240,957 $4,197 3.07%
American Indian 25 $4,075,000 $163,000 $3,074 3.06%
Native Hawaiian 3 $835,000 $278,333 $5,126 3.08%
Asian Indian 2 $480,000 $240,000 $0 2.75%
Other Asian 2 $320,000 $160,000 $0 2.75%
Vietnamese 1 $105,000 $105,000 $0 2.99%

Approval Rates

Total approvals of all applications
85.75%

Bangor Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
87.08%

Bangor Savings Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 7,056 $1,810,370,000 $256,572

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,056 $1,810,370,000 $256,572

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,100 $155,960,000 $141,782 $2,760 3.10%
40-60% 1,336 $337,320,000 $252,485 $2,963 2.91%
60-80% 2,306 $733,930,000 $318,270 $3,417 3.11%
80-100% 1,637 $536,175,000 $327,535 $4,163 3.02%
Over 100% 16 $4,230,000 $264,375 $9,697 2.82%
Under 20% 661 $42,755,000 $64,682 $2,192 3.30%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
BANCORPSOUTH BANK Conventional home mortgage Incorrect information on your report 1 8.3%
BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 7 58.3%
BANCORPSOUTH BANK FHA mortgage Trouble during payment process 1 8.3%
BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 1 8.3%
BANCORPSOUTH BANK VA mortgage Struggling to pay mortgage 1 8.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Bangor Savings Bank 17 Main Street Searsport, ME 4974 Full Service B&M $57,722
Bangor Savings Bank 232 North Street Calais, ME 4619 Full Service B&M $26,757
Bangor Savings Bank 17 Sennebec Road Union, ME 4862 Full Service B&M $23,729
Bangor Savings Bank 170 Turner Street Auburn, ME 4210 Full Service B&M $47,280
Bangor Savings Bank 1 Center Street Machias, ME 4654 Full Service B&M $19,248
Bangor Savings Bank 100 Loudon Road Concord, NH 3301 Full Service B&M $64,624
Bangor Savings Bank 100 Main St Damariscotta, ME 4543 Full Service B&M $92,969
Bangor Savings Bank 1048 Brighton Avenue, Pine Tree Shopping Center Portland, ME 4102 Full Service B&M $248,503
Bangor Savings Bank 106 Main Street Belfast, ME 4915 Full Service B&M $18,464
Bangor Savings Bank 110 Park Street Orono, ME 4473 Full Service B&M $75,593
Bangor Savings Bank 113 Madison Avenue Skowhegan, ME 4976 Full Service B&M $95,343
Bangor Savings Bank 118 Congress Street Rumford, ME 4276 Full Service B&M $42,025
Bangor Savings Bank 127 Community Drive Augusta, ME 4330 Full Service B&M $73,071
Bangor Savings Bank 132 Main Street Colebrook, NH 3576 Full Service B&M $120,404
Bangor Savings Bank 138 Main Street Pittsfield, ME 4967 Full Service B&M $62,381
Bangor Savings Bank 160 East Main Street Dover-Foxcroft, ME 4426 Full Service B&M $78,948
Bangor Savings Bank 45 Maine Street Brunswick, ME 4011 Full Service B&M $76,845
Bangor Savings Bank 460 U.S. Route 1 York, ME 3909 Full Service B&M $34,836
Bangor Savings Bank 5 Commercial Street Rockport, ME 4856 Full Service B&M $62,874
Bangor Savings Bank 54 Washington Street Eastport, ME 4631 Full Service B&M $22,870
Bangor Savings Bank 56 Main Street Madison, ME 4950 Full Service B&M $38,757
Bangor Savings Bank 564 Stillwater Avenue Old Town, ME 4468 Full Service B&M $83,362
Bangor Savings Bank 59 Foster Street Ellsworth, ME 4605 Full Service B&M $118,932
Bangor Savings Bank 6 China Road Winslow, ME 4901 Full Service B&M $49,130
Bangor Savings Bank 619 Main Street Damariscotta, ME 4543 Full Service B&M $19,366
Bangor Savings Bank 652 Broadway Bangor, ME 4401 Full Service B&M $108,480
Bangor Savings Bank 687 Hogan Road Bangor, ME 4401 Full Service B&M $94,677
Bangor Savings Bank 69 Route 101a Amherst, NH 3031 Full Service B&M $65,405
Bangor Savings Bank 7 Belmont Ave Belfast, ME 4915 Full Service B&M $111,470
Bangor Savings Bank 73 Camden Street Rockland, ME 4841 Full Service B&M $43,544
Bangor Savings Bank 745roosevelt Trail Windham, ME 4062 Full Service B&M $803
Bangor Savings Bank 76-80-82 North Main Street Concord, NH 3301 Full Service B&M $1,891
Bangor Savings Bank 77 Middle Street Portland, ME 4101 Full Service B&M $125,888
Bangor Savings Bank 79 Central Street Millinocket, ME 4462 Full Service B&M $48,513
Bangor Savings Bank 8 Bow Street Portsmouth, NH 3801 Full Service B&M $15,737
Bangor Savings Bank 871 Hammond Street Bangor, ME 4402 Full Service B&M $124,656
Bangor Savings Bank 882 Lisbon Street Lewiston, ME 4240 Full Service B&M $47,608
Bangor Savings Bank 89 Main Street Bucksport, ME 4416 Full Service B&M $42,870
Bangor Savings Bank 999 And 1001 Elm Street Manchester, NH 3101 Full Service B&M $627
Bangor Savings Bank Bangor Road Unity, ME 4988 Full Service B&M $64,699
Bangor Savings Bank 22 Main Street Dexter, ME 4930 Full Service B&M $38,076
Bangor Savings Bank 24 Hamlin Way Bangor, ME 4401 Full Service B&M $1,014,667
Bangor Savings Bank 2400 Lafayette Road Portsmouth, NH 3802 Full Service B&M $46,466
Bangor Savings Bank 241 Us Route 1 Scarborough, ME 4074 Full Service B&M $101,787
Bangor Savings Bank 2578 Bristol Rd New Harbor, ME 4554 Full Service B&M $13,452
Bangor Savings Bank 270 Main Street Saco, ME 4072 Full Service B&M $61,034
Bangor Savings Bank 274 Western Avenue Augusta, ME 4330 Full Service B&M $145,658
Bangor Savings Bank 289 Camden Road Warren, ME 4864 Full Service B&M $30,744
Bangor Savings Bank 3 State St Bangor, ME 4401 Full Service B&M $0
Bangor Savings Bank 31 Lily Bay Road Greenville, ME 4441 Full Service B&M $32,841
Bangor Savings Bank 320 Allen Avenue Portland, ME 4103 Full Service B&M $86,177
Bangor Savings Bank 366 Main Street Waterville, ME 4901 Full Service B&M $44,340
Bangor Savings Bank 38 Court Street Houlton, ME 4730 Full Service B&M $46,171
Bangor Savings Bank 4 Prospect Avenue Lincoln, ME 4457 Full Service B&M $66,961
Bangor Savings Bank 425 Wilson Street Brewer, ME 4412 Full Service B&M $133,839
Bangor Savings Bank 175 Main Street Jonesport, ME 4649 Full Service B&M $13,704
Bangor Savings Bank 177 Main Street Farmington, ME 4938 Full Service B&M $76,708
Bangor Savings Bank 180 Maple Street Cornish, ME 4020 Full Service B&M $78,730
Bangor Savings Bank 180 Middle Street Portland, ME 4101 Full Service B&M $112,476
Bangor Savings Bank 180 Waterman Drive, Mill Creek South Portland, ME 4106 Full Service B&M $121,084
Bangor Savings Bank 19 Main Road North Hampden, ME 4444 Full Service B&M $88,129
Bangor Savings Bank 196 Main Street Ogunquit, ME 3907 Full Service B&M $25,510
Bangor Savings Bank 20 Marginal Way Portland, ME 4101 Full Service B&M $76,661
Bangor Savings Bank 208 Main Street Biddeford, ME 4005 Limited, Drive-thru $0
Bangor Savings Bank 208 Main Street Biddeford, ME 4005 Full Service B&M $58,251
Bangor Savings Bank 213 Battle Avenue Castine, ME 4421 Full Service B&M $19,962
Bangor Savings Bank 215 U.S. Route 1 Falmouth, ME 4105 Full Service B&M $120,421

For 2021, Bangor Savings Bank had 67 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $182,069
Net interest income $172,634
Total noninterest income $79,357
Gross Fiduciary activities income $8,616
Service charges on deposit accounts $7,437
Trading account gains and fees $698
Additional Noninterest Income $62,606
Pre-tax net operating income $59,554
Securities gains (or losses, -) $-66
Income before extraordinary items $47,810
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $47,810
Minority interest net income $0
Net income $47,810
Sale, conversion, retirement of capital stock, net $0
Net operating income $47,862

Bangor Savings Bank's gross interest income from loans was $182,069,000.
Bangor Savings Bank's net interest income from loans was $172,634,000.
Bangor Savings Bank's fee based income from loans was $7,437,000.
Bangor Savings Bank's net income from loans was $47,810,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $9,435
Provision for credit losses $3,500
Total noninterest expense $188,937
Salaries and employee benefits $117,952
Premises and equipment expense $19,741
Additional noninterest expense $51,244
Applicable income taxes $11,678
Net charge-offs $-1,257
Cash dividends $0

Bangor Savings Bank's interest expense for loans was $9,435,000.
Bangor Savings Bank's payroll and benefits expense were $117,952,000.
Bangor Savings Bank's property, plant and equipment expenses $19,741,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $5,636,844
Deposits held in domestic offices $5,636,844
Deposits by Individuals, partnerships, and corporations $5,227,596
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $409,011
Deposits by Commercial banks and other depository institutions in U.S. $238
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,722,931
Demand deposits $2,118,669
Nontransaction accounts $2,913,914
Money market deposit accounts (MMDAs) $1,352,967
Other savings deposits (excluding MMDAs) $1,134,296
Total time deposits $426,651
Total time and savings deposits $3,518,176
Noninterest-bearing deposits $1,648,507
Interest-bearing deposits $3,988,337
Retail deposits $5,511,477
IRAs and Keogh plan accounts $121,465
Brokered deposits $70,012
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $6,909,051
Cash & Balances due from depository institutions $89,663
Interest-bearing balances $60,286
Total securities $2,394,993
Federal funds sold & reverse repurchase $0
Net loans and leases $3,921,360
Loan and leases loss allowance $49,642
Trading account assets $7,531
Bank premises and fixed assets $197,007
Other real estate owned $4,722
Goodwill and other intangibles $78,384
All other assets $215,391

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $6,909,051
Total Liabilities $6,367,582
Total deposits $5,636,844
Interest-bearing deposits $3,988,337
Deposits held in domestic offices $5,636,844
% insured (estimated) $51
Federal funds purchased and repurchase agreements $634,959
Trading liabilities $7,531
Other borrowed funds $20,863
Subordinated debt $0
All other liabilities $67,385

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,921,360
Loan and leases loss allowance $49,642
Total loans and leases (domestic) $3,971,002
All real estate loans $3,587,577
Real estate loans in domestic offices $3,587,577
Construction and development loans $121,593
Residential 1-4 family construction $33,866
Other construction, all land development and other land $87,727
Loans secured by nonfarm nonresidential properties $1,116,492
Nonfarm nonresidential secured by owner-occupied properties $387,933
Commercial real estate & other non-farm, non-residential $728,559
Multifamily residential real estate $253,789
1-4 family residential loans $2,093,227
Farmland loans $2,476
Loans held in foreign offices $0
Farm loans $14,468
Commercial and industrial loans $290,409
To non-U.S. addressees $0
Loans to individuals $28,000
Credit card loans $0
Related Plans $2,585
Consumer Auto Loans $7,346
Other loans to individuals $18,069
All other loans & leases $50,547
Loans to foreign governments and official institutions $0
Other loans $31,322
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $922
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $5,972
Non 1-4 family restructured loans & leases $2,446
Total loans and leases (foreign) $0

Bangor Savings Bank had $3,921,360,000 of loans outstanding in 2021. $3,587,577,000 of loans were in real estate loans. $121,593,000 of loans were in development loans. $253,789,000 of loans were in multifamily mortgage loans. $2,093,227,000 of loans were in 1-4 family mortgage loans. $14,468,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,346,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,123 $284,442 $253,288
Nonfarm, nonresidential loans - <$100k 209 $9,139 $43,727
Nonfarm, nonresidential loans - $100-250k 470 $60,612 $128,962
Nonfarm, nonresidential loans - $250k-1MM 444 $214,691 $483,538
Commercial & Industrial, US addressed loans - <$1MM 3,197 $171,586 $53,671
Commercial & Industrial, US addressed loans - <$100k 2,599 $50,925 $19,594
Commercial & Industrial, US addressed loans - $100-250k 372 $42,682 $114,737
Commercial & Industrial, US addressed loans - $250k-1MM 226 $77,979 $345,040
Farmland loans - <$1MM 4 $488 $122,000
Farmland loans - <$100k 2 $52 $26,000
Farmland loans - $100-250k 1 $172 $172,000
Farmland loans - $250k-1MM 1 $264 $264,000
Agriculture operations loans - <$1MM 262 $9,437 $36,019
Agriculture operations loans - <$100k 214 $3,025 $14,136
Agriculture operations loans - $100-250k 40 $3,956 $98,900
Agriculture operations loans - $250k-1MM 8 $2,456 $307,000