Profile: Auburn Bancorp Inc (ABBB.PK)
10 Jun 2019
Auburn Bancorp, Inc. is the holding company for Auburn Savings Bank, FSB (the Bank). The Company, through its subsidiary, grants residential, consumer and commercial loans to customers primarily throughout the Lewiston/Auburn, Maine area. The Bank offers personal banking services and business banking services. The Bank also offers debit cards, term loans and lines of credit.
The Bank's primary lending activity consists of the origination of one- to four-family residential mortgage loans, all of which are secured by properties located in its primary market area. The Bank offers various loans, which include residential real estate loans and commercial non-real estate loans. The Bank offers construction loans for the development of one- to four-family residential properties located in the Bank's primary market area. Residential construction loans are offered to individuals for construction of their personal residences. The Bank offers commercial real estate loans, including commercial business and multi-family real estate loans that are secured by over five or more unit apartment buildings and properties used for business purposes, such as small office buildings or retail facilities substantially all of which are located in its primary market area. The Bank makes commercial business loans primarily in its market area to a range of small businesses and professionals. The Bank offers a range of consumer loans, primarily to customers residing in its primary market area. The Bank's total loans amount to approximately $61.73 billion.
The Bank classifies its investments as available for sale or held to maturity. The Bank's securities available for sale include Federal National Mortgage Association (FNMA) mortgage-backed securities, small business administration securities and the United States Government sponsored enterprise. The Bank's total investment securities available for sale amount to approximately $3.3 billion.
Sources of Funds
The Bank offers various deposits, including demand accounts, money market accounts, negotiable order of withdrawal (NOW) accounts, savings accounts and certificates of deposit. The Bank's total deposits amount to approximately $50.57 billion.
Auburn Bancorp Inc
256 Court St
PO Box 3157
AUBURN ME 04212-3157