The Bank of Maine in Portland, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Bank of Maine in Portland, Maine (ME)
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The Bank of Maine - Overview

  • General
  • FDIC Certificate #: 19686
    Status: Active
    Federal Reserve ID: 240002
    Date Established: June 26, 1834
    WWW: http://www.thebankofmaine.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 33 (Domestic: 33, Interstate: No)
    OTS Docket #: 6947
    FDIC's unique #: 13485
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 09, 1967
    Last Structure Change Effective Date: October 11, 2011
    Last Structure Change Process Date: October 17, 2011
    Last Data Update: October 17, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Canal Plaza, Portland, ME 4101
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Portland, ME (#6400)
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $783.5 mil
    Equity capital: $96.8 mil
    Deposits held in domestic offices: $655.7 mil
    Return on assets (ROA): -3.16% (-$24.8 mil)
    Quarterly return on assets: -11.89% (-$93.2 mil)
    Return on Equity (ROE): -21.93% (-$21.3 mil)
    Quarterly return on equity: -86.90% (-$84.3 mil)
    Net income: -$25.9 mil
    Quarterly Net income: -$23.7 mil
    Pretax return on assets: -4.86% (-$38,079.8 mil)
    Quarterly Pretax return on assets: -18.09% (-$141,741.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 370Total employees (full-time equivalent)
  • $783,534Total assets
  • $57,531Cash and due from depository institutions
  • $47,802Interest-bearing balances
  • $80,024Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $569,308Net loans & leases
  • $13,809Loan loss allowance
  • $0Trading account assets
  • $24,948Bank premises and fixed assets
  • $12,986Other real estate owned
  • $2,403Goodwill and other intangibles
  • $783,534Life insurance assets
  • $36,334All other assets
  • $686,735Total liabilities and capital
  • $655,651Total liabilities
  • $618,427Total deposits
  • $655,651Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 25965.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,119Subordinated debt
  • $96,799All other liabilities
  • $96,799Total equity capital
  • $96,799Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $71,664Surplus
  • $25,035Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41,088Income earned, not collected on loans
  • $777Earning assets
  • $2,158Long-term assets (5+ years)
  • $697,134Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $818,066Volatile liabilities
  • $796,334Insider loans
  • $597,129FHLB advances
  • $762,460Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $75,830Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $109,892Restructured Loans and leases
  • $14Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,624Total interest income
  • $4,552Total interest expense
  • $25,072Net interest income
  • $31,717Provision for loan and lease losses
  • $7,818Total noninterest income
  • $0Fiduciary activities
  • $273Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,545Additional noninterest income
  • $42,394Total noninterest expense
  • $20,914Salaries and employee benefits
  • $5,111Premises and equipment expense
  • $16,369Additional noninterest expense
  • -$41,221Pre-tax net operating income
  • $1,491Securities gains (losses)
  • -$13,876Applicable income taxes
  • -$25,854Income before extraordinary items
  • $0Extraordinary gains - net
  • -$25,854Net income attributable to bank
  • $0Net charge-offs
  • -$25,854Cash dividends
  • $44,398Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.00%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 3.38%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 5.72%Noninterest expense to earning assets
  • -3.28%Net operating income to assets
  • -3.16%Return on assets (ROA)
  • -4.86%Pretax return on assets
  • -21.93%Return on equity (ROE)
  • -22.77%Retained earnings to average equity (YTD only)
  • 7.44%Net charge-offs to loans
  • 71.44%Credit loss provision to net charge-offs
  • -0.21%Efficiency ratio
  • 115,813Assets per employee
  • 2.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -3.87%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 33.61%Noncurrent assets plus other real estate owned to assets
  • 6.90%Noncurrent loans to loans
  • 7.05%Net loans and leases to deposits
  • 86.83%Net loans and leases to core deposits
  • 88.47%Equity capital to assets
  • 12.35%Core capital (leverage) ratio
  • 9.95%Tier 1 risk-based capital ratio
  • 12.70%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $818,066Average earning assets
  • $117,917Average equity
  • $741,212Average loans

List of branches

  • 33 Maine Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    013485The Bank Of Maine2 Canal Plaza, Portland, ME 4101June 26, 1834Full Service Brick and Mortar
    1249219Wiscasset Branch52 Bath Road, Wiscasset, ME 4578May 19, 1971Full Service Brick and Mortar
    2249220Richmond Branch111 Main Street, Richmond, ME 4357November 19, 1976Full Service Brick and Mortar
    4249222Manchester Branch9 Pond Road, Manchester, ME 4351November 01, 1987Full Service Brick and Mortar
    5249223Augusta Branch96 State Street, Augusta, ME 4330January 18, 1991Full Service Brick and Mortar
    643804143 Water Street Branch14 Winthrop Street, Hallowell, ME 4347January 01, 1889Full Service Brick and Mortar
    7249224Winthrop Branch2 Main Street, Winthrop, ME 4364December 05, 1992Full Service Brick and Mortar
    8249225Bath Branch7 Chandler Drive, Bath, ME 4530June 12, 1995Full Service Brick and Mortar
    9249226Waterville Branch104 Main Street, Waterville, ME 4901June 12, 1995Full Service Brick and Mortar
    10249227Brunswick Branch6 Gurnet Road, Brunswick, ME 4011June 12, 1995Full Service Brick and Mortar
    11249228Waterville Branch325 Main Street, Waterville, ME 4901June 12, 1995Full Service Brick and Mortar
    12249229Topsham Branch16 Topsham Fair Mall Road, Topsham, ME 4086June 30, 1996Full Service Brick and Mortar
    13249230Brunswick Branch137 Main Street, Brunswick, ME 4011June 30, 1996Full Service Brick and Mortar
    14249231Augusta Branch66 Eastern Avenue, Augusta, ME 4330November 18, 1996Full Service Brick and Mortar
    15249232Randolph Branch268 Water Street, Randolph, ME 4346June 18, 1997Full Service Brick and Mortar
    16249233Kennedy Memorial Drive Branch258 Kennedy Memorial Drive, Waterville, ME 4901October 14, 1997Full Service Brick and Mortar
    19265845Augusta Branch4 Universitiy Drive, Augusta, ME 4330December 02, 1996Full Service Brick and Mortar
    2146116First Citizens Bank Branch9 Dyer Street, Presque Isle, ME 4769April 09, 1990Full Service Brick and Mortar
    22289089Caribou Branch142 Bennett Drive, Caribou, ME 4736June 04, 1990Full Service Brick and Mortar
    23289090Lincoln Branch6 Penobscot Valley Avenue, Lincoln, ME 4457September 14, 1992Full Service Brick and Mortar
    24289091Fort Kent Branch79 West Main Street, Fort Kent, ME 4743November 18, 1993Full Service Brick and Mortar
    25289092Houlton Branch76 North Street, Houlton, ME 4730Febuary 20, 1996Full Service Brick and Mortar
    2642590Calais Federal Savings And Loan Asso344 Main Street, Calais, ME 4619September 25, 1936Full Service Brick and Mortar
    27464443Boothbay Harbor Branch185 Townsend Avenue, Suite P, Boothbay Harbor, ME 4538March 20, 2000Full Service Brick and Mortar
    28464447Newcastle Branch67 Main Street, Newcastle, ME 4553September 10, 2001Full Service Brick and Mortar
    29464450Oakland Branch51 Main Street, Oakland, ME 4963July 07, 2003Full Service Brick and Mortar
    30464456Readfield Branch13 Winthrop Avenue, Readfield, ME 4355November 21, 2005Full Service Brick and Mortar
    31363925Rivergreen Branch36 Portland Road, Kennebunk, ME 4043March 13, 2003Full Service Brick and Mortar
    33454326Saco Branch640 Main Street, Saco, ME 4072August 16, 2006Full Service Brick and Mortar
    34457522York Branch659 Route 1, York, ME 3909December 27, 2006Full Service Brick and Mortar
    35491846Mars Hill Branch8 Lincoln St, Mars Hill, ME 4758January 02, 2008Full Service Brick and Mortar
    36495853Machias Branch6 M And M Place, Machias, ME 4654May 18, 2007Full Service Brick and Mortar
    37521877Gardiner Branch190 Water Street, Gardiner, ME 4345June 27, 2011Full Service Brick and Mortar

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