Damariscotta Bank & Trust Co. in Damariscotta, Maine (ME)

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Damariscotta Bank & Trust Co. routing number info

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Damariscotta Bank & Trust Co.
GeneralFDIC Certificate #: 20931
Status: Active
Federal Reserve ID: 530703
Bank Holding Company (Regulatory Top Holder): Damariscotta Bankshares, Inc. (RSSDID: 1143285, Location: Damariscotta, ME)
Date Established: January 22, 1973
WWW: http://www.damariscottabank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 9758
FDIC's unique #: 14460
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 22, 1973
Last Structure Change Effective Date: April 24, 2007
Last Structure Change Process Date: April 24, 2007
Last Data Update: April 24, 2007
Data Source Date: April 05, 2012
LocationAddress: 25 Main Street, Damariscotta, ME 4543
County: Lincoln
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
History of ChangesChange in Trust Powers
Financial SummaryTotal assets: $161.0 mil
Equity capital: $16.3 mil
Deposits held in domestic offices: $142.6 mil
Return on assets (ROA): 0.31% ($0.5 mil)
Quarterly return on assets: 0.24% ($0.4 mil)
Return on Equity (ROE): 3.09% ($0.5 mil)
Quarterly return on equity: 2.39% ($0.4 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.47% ($756.8 mil)
Quarterly Pretax return on assets: 0.35% ($563.6 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)
Total employees (full-time equivalent)55
Total assets$161,025
Cash and due from depository institutions$14,253
Interest-bearing balances$11,651
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$109,504
Loan loss allowance $1,352
Trading account assets$0
Bank premises and fixed assets$4,496
Other real estate owned$1,971
Goodwill and other intangibles$0
All other assets$3,582
Life insurance assets$161,025
Total liabilities and capital$144,688
Total liabilities$142,582
Total deposits$131,596
Interest-bearing deposits$142,582
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,106
All other liabilities $16,337
Total equity capital$16,337
Total bank equity capital$16,337
Perpetual preferred stock$0
Common stock$288
Undivided profits $14,363
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,988
Earning assets $299
Long-term assets (5+ years) $443
Average Assets, year-to-date $148,374
Average Assets, quarterly $33,302
Volatile liabilities $160,661
Insider loans $161,631
FHLB advances $107,791
Loans and leases held for sale $160,022
Unused loan commitments $846
Tier 1 (core) risk-based capital $846
Tier 2 risk-based capital $16,304
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,089
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,418
Total interest expense $1,198
Net interest income $5,220
Provision for loan and lease losses $284
Total noninterest income $745
Fiduciary activities $0
Service charges on deposit accounts $485
Trading account gains & fees $0
Additional noninterest income $260
Total noninterest expense $4,931
Salaries and employee benefits $2,248
Premises and equipment expense $673
Additional noninterest expense $2,010
Pre-tax net operating income $750
Securities gains (losses) $0
Applicable income taxes $250
Income before extraordinary items $500
Extraordinary gains - net $0
Net income attributable to bank $500
Net charge-offs $0
Cash dividends $500
Sale, conversion, retirement of capital stock, net $273
Net operating income $377
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.33%
Cost of funding earning assets 0.81%
Net interest margin 3.52%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 3.33%
Net operating income to assets 0.31%
Return on assets (ROA) 0.31%
Pretax return on assets 0.47%
Return on equity (ROE) 3.09%
Retained earnings to average equity (YTD only) 0.76%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 104.03%
Efficiency ratio3.79%
Assets per employee$82,666
Cash dividends to net income (YTD only)2.93%
Condition Ratios (%)
Loss allowance to loans 75.40%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 45.25%
Noncurrent loans to loans 3.08%
Net loans and leases to deposits2.70%
Net loans and leases to core deposits 76.80%
Equity capital to assets 80.03%
Core capital (leverage) ratio 10.15%
Tier 1 risk-based capital ratio 10.19%
Total risk-based capital ratio 15.13%
Average assets$16
Average earning assets$160,661
Average equity $16,171
Average loans $148,272
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6 Maine Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
014460Damariscotta Bank & Trust Co.25 Main Street, Damariscotta, ME 4543January 22, 1973Full Service Brick and Mortar
1251923Bristol BranchState Routes 130 And 32, Bristol Township, ME 4554June 14, 1973Full Service Brick and Mortar
2251924Warren BranchRoute 90 And Western Road, Warren, ME 4864May 22, 1989Full Service Brick and Mortar
3251925Belfast BranchReny's Belfast Plaza, Routes 1 And 3, Belfast, ME 4915July 09, 1998Full Service Brick and Mortar
4365006Union Branch17 Sennebec Road, Union, ME 4862August 01, 2001Full Service Brick and Mortar
5477931Damariscotta Branch619 Main Street, Damariscotta, ME 4543June 30, 2008Full Service Brick and Mortar
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