Damariscotta Bank & Trust Co. in Damariscotta, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Trust Powers
  • Financial Summary
  • Total 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
  • 55Total employees (full-time equivalent)
  • $161,025Total assets
  • $14,253Cash and due from depository institutions
  • $11,651Interest-bearing balances
  • $27,219Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $109,504Net loans & leases
  • $1,352Loan loss allowance
  • $0Trading account assets
  • $4,496Bank premises and fixed assets
  • $1,971Other real estate owned
  • $0Goodwill and other intangibles
  • $161,025Life insurance assets
  • $3,582All other assets
  • $144,688Total liabilities and capital
  • $142,582Total liabilities
  • $131,596Total deposits
  • $142,582Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,106Subordinated debt
  • $16,337All other liabilities
  • $16,337Total equity capital
  • $16,337Total bank equity capital
  • $0Perpetual preferred stock
  • $288Common stock
  • $1,686Surplus
  • $14,363Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,988Income earned, not collected on loans
  • $299Earning assets
  • $443Long-term assets (5+ years)
  • $148,374Average Assets, year-to-date
  • $33,302Average Assets, quarterly
  • $160,661Volatile liabilities
  • $161,631Insider loans
  • $107,791FHLB advances
  • $160,022Loans and leases held for sale
  • $846Unused loan commitments
  • $846Tier 1 (core) risk-based capital
  • $16,304Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,089Restructured Loans and leases
  • $2,167Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,418Total interest income
  • $1,198Total interest expense
  • $5,220Net interest income
  • $284Provision for loan and lease losses
  • $745Total noninterest income
  • $0Fiduciary activities
  • $485Service charges on deposit accounts
  • $0Trading account gains & fees
  • $260Additional noninterest income
  • $4,931Total noninterest expense
  • $2,248Salaries and employee benefits
  • $673Premises and equipment expense
  • $2,010Additional noninterest expense
  • $750Pre-tax net operating income
  • $0Securities gains (losses)
  • $250Applicable income taxes
  • $500Income before extraordinary items
  • $0Extraordinary gains - net
  • $500Net income attributable to bank
  • $0Net charge-offs
  • $500Cash dividends
  • $273Sale, conversion, retirement of capital stock, net
  • $377Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 3.09%Return on equity (ROE)
  • 0.76%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 104.03%Credit loss provision to net charge-offs
  • 3.79%Efficiency ratio
  • 82,666Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.40%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 45.25%Noncurrent assets plus other real estate owned to assets
  • 3.08%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 76.80%Net loans and leases to core deposits
  • 80.03%Equity capital to assets
  • 10.15%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 15.13%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $160,661Average earning assets
  • $16,171Average equity
  • $148,272Average loans

List of branches

  • 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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