Bangor Savings Bank Mortgage Rates, Fees & Info

Bangor, ME

LEI: 549300JEBULFT3BSU682

Tax ID: 01-0024610

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bangor Savings Bank is a smaller 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 Lewiston among others. We have data for 30 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 a low 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) 6.27% 4/18/24
    30 Year Conventional Purchase 6.19% 4/18/24
    30 Year Conventional Refi 6.31% 4/18/24
    30 Year Cash-out Refi 6.51% 4/18/24
    30 Year FHA Purchase 6.80% 4/18/24
    30 Year VA Purchase 5.86% 4/18/24
    30 Year VA Refi 6.36% 4/18/24
    30 Year USDA Purchase 5.99% 4/18/24
    15 Year Conventional Purchase 5.89% 4/18/24
    15 Year Conventional Refi 5.84% 4/18/24
    15 Year Cash-out Refi 5.84% 4/18/24
    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.

    Bangor Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bangor Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    4,693

    Origination Dollar Volume (All Markets)

    $866,625,000

    Employee count

    907 Show all (21) awards

    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) 1,428 $322,630,000 $225,931 $3,684 4.16%
    Outside of Metro Areas 1,350 $167,060,000 $123,748 $3,608 4.29%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 442 $157,650,000 $356,674 $3,396 3.96%
    BANGOR, ME (FHA|USDA|VA) 956 $127,970,000 $133,860 $3,640 4.26%
    Augusta-Waterville, ME (FHA|USDA|VA) 223 $31,095,000 $139,439 $3,742 4.25%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 107 $15,545,000 $145,280 $3,997 4.24%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 49 $14,665,000 $299,286 $3,319 4.40%
    WORCESTER, MA-CT (FHA|USDA|VA) 39 $11,275,000 $289,103 $3,927 3.90%
    Laconia, NH (FHA|USDA|VA) 14 $3,430,000 $245,000 $3,059 4.13%
    Concord, NH (FHA|USDA|VA) 19 $3,105,000 $163,421 $4,019 4.17%
    Berlin, NH (FHA|USDA|VA) 21 $2,315,000 $110,238 $4,290 4.36%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 7 $2,235,000 $319,286 $5,431 3.48%
    Lebanon, NH-VT (FHA|USDA|VA) 8 $1,750,000 $218,750 $3,497 3.95%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $1,630,000 $271,667 $2,574 3.96%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $885,000 $885,000 $4,845 3.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $705,000 $235,000 $3,505 3.50%
    Keene, NH (FHA|USDA|VA) 3 $495,000 $165,000 $3,168 4.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $430,000 $107,500 $2,856 4.06%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.80%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $330,000 $165,000 $3,810 3.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,964 3.13%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,398 3.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,860 3.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.88%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,125 4.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.88%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.63%
    Bangor Savings Bank's top markets include Portland, Boston, Bangor, Augusta, and Lewiston 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
    Similarity Rank: 6
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    MAINE HIGHLANDS FEDERAL CREDIT UNION
    Similarity Rank: 99
    CASCO
    Similarity Rank: 126
    First Ipswich Bank
    Similarity Rank: 139
    Piscataqua Savings Bank
    Similarity Rank: 170
    LEOMINSTER CREDIT UNION
    Similarity Rank: 180
    POWER FINANCIAL
    Similarity Rank: 188
    Maine Savings Federal Credit Union
    Similarity Rank: 189
    NEW HAMPSHIRE
    Similarity Rank: 280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,332 $615,220,000 $263,816 $3,249 3.90%
    HELOC 1,960 $180,700,000 $92,194 n/a 4.64%
    USDA 163 $22,325,000 $136,963 $4,604 3.71%
    FHA 135 $25,145,000 $186,259 $6,706 4.04%
    VA 103 $23,235,000 $225,583 $5,787 3.65%

    For 2019, Bangor Savings Bank's most frequently originated type of loan was Conventional, with 2,332 originations. Their 2nd most popular type was HELOC, with 1,960 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,961 $442,435,000 $225,617 $3,925 4.08%
    Refi 1,381 $261,165,000 $189,113 $2,870 4.14%
    Home Improvement 763 $57,205,000 $74,974 $3,655 4.67%
    Cash Out Refi 325 $83,225,000 $256,077 $3,437 3.76%
    Other 263 $22,595,000 $85,913 $3,516 4.65%

    For 2019, Bangor Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,961 originations. The 2nd most popular reason was Refi, with 1,381 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,019 $220,225,000 $109,076 $3,823 4.63%
    30 Year 1,871 $451,885,000 $241,521 $3,734 3.97%
    15 Year 467 $97,235,000 $208,212 $2,908 3.27%
    20 Year 167 $44,085,000 $263,982 $2,684 4.48%
    10 Year 86 $26,860,000 $312,326 $2,811 3.67%
    30+ year 77 $23,805,000 $309,156 $6,546 4.31%
    1 Year 3 $435,000 $145,000 $0 5.50%
    5 Year 3 $2,095,000 $698,333 $0 4.78%

    For 2019, Bangor Savings Bank's most frequently cited loan duration was Other, with 2,019 originations. The 2nd most popular length was 30 Year, with 1,871 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,441 $383,975,000 $266,464
    $1k-2k 832 $154,950,000 $186,238
    $2k-3k 153 $34,625,000 $226,307
    $3k-4k 46 $12,370,000 $268,913
    $5k+ 24 $8,360,000 $348,333
    $4k-5k 17 $5,305,000 $312,059

    Bangor Savings Bank's average total fees were $3,734, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,441 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,158 $479,930,000 $222,396
    4-5% 1,794 $271,960,000 $151,594
    5-6% 337 $44,415,000 $131,795
    2.5-3% 249 $56,005,000 $224,920
    6-7% 116 $9,950,000 $85,776
    7-8% 38 $4,180,000 $110,000
    <2.5% 1 $185,000 $185,000

    During 2019, Bangor Savings Bank's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 2,158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,640 $87,860,000 $53,573 $3,015 4.57%
    $100k-200k 1,432 $207,090,000 $144,616 $3,496 4.08%
    $200k-400k 1,254 $344,910,000 $275,048 $3,828 3.96%
    $400k-600k 273 $130,485,000 $477,967 $3,738 3.85%
    $600k-1MM 75 $53,095,000 $707,933 $4,651 3.89%
    $1MM+ 19 $43,185,000 $2,272,895 $5,221 4.13%

    2019 saw Bangor Savings Bank place emphasis on $100,000 or less loans with 1,640 originations, totaling $87,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 985 $190,665,000 $193,569 $3,650 4.21%
    $50k-75k 910 $116,440,000 $127,956 $3,759 4.22%
    $75k-100k 776 $125,560,000 $161,804 $3,632 4.22%
    $50k or less 734 $66,340,000 $90,381 $3,611 4.30%
    $150k-250k 646 $156,950,000 $242,957 $3,451 4.10%
    $250k+ 315 $107,015,000 $339,730 $3,798 4.05%

    Bangor Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 985 originations. The second most popular income band? $50k-75k, with 910 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,149 $192,235,000 $167,306 $3,332 4.21%
    30-36% 912 $169,670,000 $186,042 $3,576 4.20%
    <20% 625 $76,885,000 $123,016 $3,129 4.35%
    42% 199 $38,605,000 $193,995 $3,519 4.05%
    40% 199 $36,215,000 $181,985 $3,830 4.28%
    41% 194 $37,720,000 $194,433 $3,473 4.05%
    39% 189 $33,445,000 $176,958 $3,777 4.32%
    38% 185 $33,695,000 $182,135 $4,047 4.17%
    43% 179 $30,335,000 $169,469 $3,787 3.87%
    37% 161 $28,095,000 $174,503 $3,663 4.11%
    36% 153 $26,855,000 $175,523 $3,805 4.18%
    44% 111 $23,685,000 $213,378 $3,765 4.03%
    45% 64 $14,220,000 $222,188 $4,280 3.96%
    46% 54 $12,600,000 $233,333 $3,783 3.92%
    48% 52 $10,710,000 $205,962 $4,636 3.90%
    47% 43 $9,495,000 $220,814 $3,703 3.82%
    50-60% 35 $7,745,000 $221,286 $5,417 4.15%
    49% 33 $8,465,000 $256,515 $4,442 4.03%
    >60% 4 $950,000 $237,500 $0 4.62%

    Bangor Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 1,149 originations. The next most common DTI ratio? 30-36%, with 912 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,122 $714,530,000 $173,345 $3,621 4.18%
    Not applicable 142 $73,370,000 $516,690 $0 4.75%
    Not provided 318 $54,090,000 $170,094 $3,619 4.23%
    Asian 64 $15,670,000 $244,844 $3,463 4.07%
    Black 29 $7,415,000 $255,690 $4,438 3.98%
    American Indian 15 $1,265,000 $84,333 $3,757 4.36%
    Native Hawaiian or Islander 2 $220,000 $110,000 $0 4.25%
    Chinese 1 $65,000 $65,000 $0 3.88%

    Approval Rates

    Total approvals of all applications
    85.60%

    Bangor Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.00%

    Bangor Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,693 $866,625,000 $184,663

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 74 $56,460,000 $762,973
    Single Family (1-4 Units):Manufactured 64 $6,100,000 $95,313
    Single Family (1-4 Units):Site-Built 4,555 $804,065,000 $176,524

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 747 $79,655,000 $106,633 $2,863 4.45%
    40-60% 609 $118,115,000 $193,949 $2,976 4.08%
    60-80% 1,258 $308,030,000 $244,857 $3,355 4.08%
    80-100% 1,415 $327,445,000 $231,410 $3,968 4.03%
    Over 100% 19 $4,685,000 $246,579 $10,178 3.74%
    Under 20% 645 $28,695,000 $44,488 $1,182 4.65%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Struggling to pay mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 1 16.7%
    BANCORPSOUTH BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 2 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bangor Savings Bank 687 Hogan Road Bangor, ME 4401 Full Service B&M $85,386
    Bangor Savings Bank 1 Center Street Machias, ME 4654 Full Service B&M $16,334
    Bangor Savings Bank 100 Loudon Road Concord, NH 3301 Full Service B&M $33,810
    Bangor Savings Bank 1048 Brighton Avenue, Pine Tree Shopping Center Portland, ME 4102 Full Service B&M $228,636
    Bangor Savings Bank 106 Main Street Belfast, ME 4915 Full Service B&M $11,520
    Bangor Savings Bank 110 Park Street Orono, ME 4473 Full Service B&M $50,557
    Bangor Savings Bank 113 Madison Avenue Skowhegan, ME 4976 Full Service B&M $63,180
    Bangor Savings Bank 118 Congress Street Rumford, ME 4276 Full Service B&M $47,424
    Bangor Savings Bank 127 Community Drive Augusta, ME 4330 Full Service B&M $83,102
    Bangor Savings Bank 132 Main Street Colebrook, NH 3576 Full Service B&M $99,214
    Bangor Savings Bank 138 Main Street Pittsfield, ME 4967 Full Service B&M $24,154
    Bangor Savings Bank 160 East Main Street Dover-Foxcroft, ME 4426 Full Service B&M $61,065
    Bangor Savings Bank 17 Main Street Searsport, ME 4974 Full Service B&M $36,664
    Bangor Savings Bank 175 Main Street Jonesport, ME 4649 Full Service B&M $7,971
    Bangor Savings Bank 177 Main Street Farmington, ME 4938 Full Service B&M $59,775
    Bangor Savings Bank 180 Maple Street Cornish, ME 4020 Full Service B&M $49,273
    Bangor Savings Bank 180 Middle Street Portland, ME 4101 Full Service B&M $83,079
    Bangor Savings Bank 180 Waterman Drive, Mill Creek South Portland, ME 4106 Full Service B&M $61,563
    Bangor Savings Bank 19 Main Road North Hampden, ME 4444 Full Service B&M $37,384
    Bangor Savings Bank 196 Main Street Ogunquit, ME 3907 Full Service B&M $8,775
    Bangor Savings Bank 20 Marginal Way Portland, ME 4101 Full Service B&M $34,597
    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 $31,809
    Bangor Savings Bank 213 Battle Avenue Castine, ME 4421 Full Service B&M $13,051
    Bangor Savings Bank 215 U.S. Route 1 Falmouth, ME 4105 Full Service B&M $70,138
    Bangor Savings Bank 22 Main Street Dexter, ME 4930 Full Service B&M $29,247
    Bangor Savings Bank 232 North Street Calais, ME 4619 Full Service B&M $23,526
    Bangor Savings Bank 2400 Lafayette Road Portsmouth, NH 3802 Full Service B&M $31,078
    Bangor Savings Bank 241 Us Route 1 Scarborough, ME 4074 Full Service B&M $60,724
    Bangor Savings Bank 270 Main Street Saco, ME 4072 Full Service B&M $31,010
    Bangor Savings Bank 274 Western Avenue Augusta, ME 4330 Full Service B&M $87,716
    Bangor Savings Bank 28 Main Street Dixfield, ME 4224 Full Service B&M $11,090
    Bangor Savings Bank 3 State Street Bangor, ME 4401 Full Service B&M $721,257
    Bangor Savings Bank 31 Lily Bay Road Greenville, ME 4441 Full Service B&M $23,073
    Bangor Savings Bank 320 Allen Avenue Portland, ME 4103 Full Service B&M $35,878
    Bangor Savings Bank 366 Main Street Waterville, ME 4901 Full Service B&M $31,292
    Bangor Savings Bank 38 Court Street Houlton, ME 4730 Full Service B&M $35,624
    Bangor Savings Bank 4 Prospect Avenue Lincoln, ME 4457 Full Service B&M $53,850
    Bangor Savings Bank 425 Wilson Street Brewer, ME 4412 Full Service B&M $101,520
    Bangor Savings Bank 45 Maine Street Brunswick, ME 4011 Full Service B&M $18,442
    Bangor Savings Bank 460 U.S. Route 1 York, ME 3909 Full Service B&M $26,686
    Bangor Savings Bank 5 Commercial Street Rockport, ME 4856 Full Service B&M $37,974
    Bangor Savings Bank 54 Washington Street Eastport, ME 4631 Full Service B&M $17,840
    Bangor Savings Bank 56 Main Street Madison, ME 4950 Full Service B&M $25,966
    Bangor Savings Bank 564 Stillwater Avenue Old Town, ME 4468 Full Service B&M $54,788
    Bangor Savings Bank 59 Foster Street Ellsworth, ME 4605 Full Service B&M $90,549
    Bangor Savings Bank 6 China Road Winslow, ME 4901 Full Service B&M $30,612
    Bangor Savings Bank 652 Broadway Bangor, ME 4401 Full Service B&M $96,786
    Bangor Savings Bank 69 Route 101a Amherst, NH 3031 Full Service B&M $27,239
    Bangor Savings Bank 7 Belmont Ave Belfast, ME 4915 Full Service B&M $109,265
    Bangor Savings Bank 73 Camden Street Rockland, ME 4841 Full Service B&M $29,145
    Bangor Savings Bank 77 Middle Street Portland, ME 4101 Full Service B&M $127,342
    Bangor Savings Bank 787 Main Street Monmouth, ME 4259 Full Service B&M $13,152
    Bangor Savings Bank 79 Central Street Millinocket, ME 4462 Full Service B&M $41,770
    Bangor Savings Bank 8 Bow Street Portsmouth, NH 3801 Full Service B&M $1,293
    Bangor Savings Bank 871 Hammond Street Bangor, ME 4402 Full Service B&M $98,222
    Bangor Savings Bank 882 Lisbon Street Lewiston, ME 4240 Full Service B&M $42,291
    Bangor Savings Bank 89 Main Street Bucksport, ME 4416 Full Service B&M $31,986
    Bangor Savings Bank Bangor Road Unity, ME 4988 Full Service B&M $42,519

    For 2019, Bangor Savings Bank had 59 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $160,283
    Net interest income $124,918
    Total noninterest income $62,606
    Gross Fiduciary activities income $5,882
    Service charges on deposit accounts $8,997
    Trading account gains and fees $802
    Additional Noninterest Income $46,925
    Pre-tax net operating income $39,650
    Securities gains (or losses, -) $181
    Income before extraordinary items $34,020
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $34,020
    Minority interest net income $0
    Net income $34,020
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $33,866

    Bangor Savings Bank's gross interest income from loans was $160,283,000.
    Bangor Savings Bank's net interest income from loans was $124,918,000.
    Bangor Savings Bank's fee based income from loans was $8,997,000.
    Bangor Savings Bank's net income from loans was $34,020,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $35,365
    Provision for credit losses $1,800
    Total noninterest expense $146,074
    Salaries and employee benefits $89,498
    Premises and equipment expense $17,572
    Additional noninterest expense $39,004
    Applicable income taxes $5,811
    Net charge-offs $97
    Cash dividends $0

    Bangor Savings Bank's interest expense for loans was $35,365,000.
    Bangor Savings Bank's payroll and benefits expense were $89,498,000.
    Bangor Savings Bank's property, plant and equipment expenses $17,572,000.

    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 33.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,657,729
    Deposits held in domestic offices $3,657,729
    Deposits by Individuals, partnerships, and corporations $3,360,391
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $297,338
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $531,600
    Demand deposits $485,172
    Nontransaction accounts $3,126,129
    Money market deposit accounts (MMDAs) $712,536
    Other savings deposits (excluding MMDAs) $1,830,798
    Total time deposits $582,796
    Total time and savings deposits $3,172,557
    Noninterest-bearing deposits $942,666
    Interest-bearing deposits $2,715,063
    Retail deposits $3,334,807
    IRAs and Keogh plan accounts $114,520
    Brokered deposits $253,861
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,733,474
    Cash & Balances due from depository institutions $62,572
    Interest-bearing balances $22,179
    Total securities $1,093,125
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,175,170
    Loan and leases loss allowance $33,287
    Trading account assets $4,617
    Bank premises and fixed assets $170,860
    Other real estate owned $2
    Goodwill and other intangibles $57,055
    All other assets $170,073

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,733,474
    Total Liabilities $4,258,130
    Total deposits $3,657,729
    Interest-bearing deposits $2,715,063
    Deposits held in domestic offices $3,657,729
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $465,601
    Trading liabilities $4,617
    Other borrowed funds $83,206
    Subordinated debt $0
    All other liabilities $46,977

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,175,170
    Loan and leases loss allowance $33,287
    Total loans and leases (domestic) $3,208,457
    All real estate loans $2,836,196
    Real estate loans in domestic offices $2,836,196
    Construction and development loans $104,386
    Residential 1-4 family construction $17,220
    Other construction, all land development and other land $87,166
    Loans secured by nonfarm nonresidential properties $1,063,846
    Nonfarm nonresidential secured by owner-occupied properties $403,865
    Commercial real estate & other non-farm, non-residential $659,981
    Multifamily residential real estate $140,002
    1-4 family residential loans $1,527,084
    Farmland loans $878
    Loans held in foreign offices $0
    Farm loans $14,444
    Commercial and industrial loans $266,612
    To non-U.S. addressees $0
    Loans to individuals $25,506
    Credit card loans $0
    Related Plans $3,857
    Consumer Auto Loans $4,366
    Other loans to individuals $17,283
    All other loans & leases $65,699
    Loans to foreign governments and official institutions $0
    Other loans $40,000
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,318
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,601
    Non 1-4 family restructured loans & leases $986
    Total loans and leases (foreign) $0

    Bangor Savings Bank had $3,175,170,000 of loans outstanding in 2019. $2,836,196,000 of loans were in real estate loans. $104,386,000 of loans were in development loans. $140,002,000 of loans were in multifamily mortgage loans. $1,527,084,000 of loans were in 1-4 family mortgage loans. $14,444,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,366,000 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 1,125 $283,525 $252,022
    Nonfarm, nonresidential loans - <$100k 216 $9,667 $44,755
    Nonfarm, nonresidential loans - $100-250k 454 $61,030 $134,427
    Nonfarm, nonresidential loans - $250k-1MM 455 $212,828 $467,754
    Commercial & Industrial, US addressed loans - <$1MM 2,583 $136,220 $52,737
    Commercial & Industrial, US addressed loans - <$100k 2,102 $38,703 $18,412
    Commercial & Industrial, US addressed loans - $100-250k 277 $30,100 $108,664
    Commercial & Industrial, US addressed loans - $250k-1MM 204 $67,417 $330,475
    Farmland loans - <$1MM 10 $878 $87,800
    Farmland loans - <$100k 7 $237 $33,857
    Farmland loans - $100-250k 2 $360 $180,000
    Farmland loans - $250k-1MM 1 $281 $281,000
    Agriculture operations loans - <$1MM 225 $9,686 $43,049
    Agriculture operations loans - <$100k 163 $2,872 $17,620
    Agriculture operations loans - $100-250k 49 $4,774 $97,429
    Agriculture operations loans - $250k-1MM 13 $2,040 $156,923