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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & 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 by origination volume include: Portland, Boston, Bangor, Augusta, and Worcester among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bangor Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bangor Savings Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.61% 11/26/22
    30 Year Conventional Purchase 6.79% 11/26/22
    30 Year Conventional Refi 6.73% 11/26/22
    30 Year Cash-out Refi 6.93% 11/26/22
    30 Year FHA Purchase 7.44% 11/26/22
    30 Year FHA Refi 7.17% 11/26/22
    30 Year VA Purchase 6.53% 11/26/22
    30 Year VA Refi 6.33% 11/26/22
    30 Year USDA Purchase 7.05% 11/26/22
    15 Year Conventional Purchase 6.25% 11/26/22
    15 Year Conventional Refi 6.01% 11/26/22
    15 Year Cash-out Refi 6.01% 11/26/22
    15 Year FHA Refi 5.90% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    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 mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

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

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

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    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.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Bangor Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MAINE FAMILY
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    Union Bank
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    INFINITY Federal Credit Union
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    DADE COUNTY FEDERAL CREDIT UNION
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    CASCO
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    CUMBERLAND COUNTY
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    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,536 $1,478,420,000 $325,930 $3,323 2.94%
    HELOC 2,219 $266,075,000 $119,908 n/a 3.37%
    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 2021, Bangor Savings Bank's most frequently originated type of loan was Conventional, with 4,536 originations. Their 2nd most popular type was HELOC, with 2,219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Bangor Savings Bank's most frequently cited loan purpose was Home Purchase, with 2,579 originations. The 2nd most popular reason was 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 2021, Bangor Savings Bank's most frequently cited loan duration was 30 Year, with 3,143 originations. The 2nd most popular length was Other, with 2,275 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 58 $22,290,000 $384,310
    $5k+ 51 $23,375,000 $458,333
    $4k-5k 42 $12,870,000 $306,429

    Bangor Savings Bank's average total fees were $3,668, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.03%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    86.80%

    Bangor Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.64%

    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 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 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 170 Turner Street Auburn, ME 4210 Full Service B&M $47,280
    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
    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 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

    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