Katahdin Trust Company in Patten, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Katahdin Trust Company - Overview

  • General
  • FDIC Certificate #: 12874
    Status: Active
    Federal Reserve ID: 327305
    Bank Holding Company (Regulatory Top Holder): Katahdin Bankshares Corporation (RSSDID: 1140127, Location: Patten, ME)
    Date Established: March 07, 1918
    WWW: http://www.katahdintrust.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 19 (Domestic: 19, Interstate: No)
    OTS Docket #: 10885
    FDIC's unique #: 8151
    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 01, 1934
    Last Structure Change Effective Date: April 25, 2007
    Last Structure Change Process Date: April 25, 2007
    Last Data Update: April 25, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 Main Street, Patten, ME 4765
    County: Penobscot
    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
    Core Based Statistical Area (CBSA): Bangor, ME (#12620)
    CBSA Metro Statistical Area: Bangor, ME (#12620)
  • History of Changes
  • Name Change
    Change in Trust Powers
  • Financial Summary
  • Total assets: $527.8 mil
    Equity capital: $61.2 mil
    Deposits held in domestic offices: $425.6 mil
    Return on assets (ROA): 0.92% ($4.9 mil)
    Quarterly return on assets: 0.93% ($4.9 mil)
    Return on Equity (ROE): 7.91% ($4.8 mil)
    Quarterly return on equity: 7.97% ($4.9 mil)
    Net income: $4.8 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.29% ($6,808.6 mil)
    Quarterly Pretax return on assets: 1.30% ($6,861.4 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
  • 181Total employees (full-time equivalent)
  • $527,800Total assets
  • $10,346Cash and due from depository institutions
  • $857Interest-bearing balances
  • $51,206Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $431,477Net loans & leases
  • $6,320Loan loss allowance
  • $0Trading account assets
  • $10,108Bank premises and fixed assets
  • $251Other real estate owned
  • $5,828Goodwill and other intangibles
  • $527,800Life insurance assets
  • $18,584All other assets
  • $466,590Total liabilities and capital
  • $425,603Total liabilities
  • $370,714Total deposits
  • $425,603Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 9660.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,702Trading liabilities
  • $0Other borrowed funds
  • $3,625Subordinated debt
  • $61,210All other liabilities
  • $61,210Total equity capital
  • $61,210Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $27,002Surplus
  • $34,108Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,264Income earned, not collected on loans
  • $2,157Earning assets
  • $1,663Long-term assets (5+ years)
  • $483,540Average Assets, year-to-date
  • $214,454Average Assets, quarterly
  • $519,237Volatile liabilities
  • $527,679Insider loans
  • $407,961FHLB advances
  • $521,951Loans and leases held for sale
  • $7,737Unused loan commitments
  • $7,737Tier 1 (core) risk-based capital
  • $54,856Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $67,459Restructured Loans and leases
  • $12,095Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,258Total interest income
  • $6,228Total interest expense
  • $21,030Net interest income
  • $600Provision for loan and lease losses
  • $2,907Total noninterest income
  • $0Fiduciary activities
  • $1,099Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,808Additional noninterest income
  • $16,605Total noninterest expense
  • $10,252Salaries and employee benefits
  • $2,056Premises and equipment expense
  • $4,297Additional noninterest expense
  • $6,732Pre-tax net operating income
  • -$43Securities gains (losses)
  • $1,925Applicable income taxes
  • $4,764Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,764Net income attributable to bank
  • $0Net charge-offs
  • $4,764Cash dividends
  • $367Sale, conversion, retirement of capital stock, net
  • $2,522Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 7.91%Return on equity (ROE)
  • 3.72%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 163.49%Credit loss provision to net charge-offs
  • 19.98%Efficiency ratio
  • 68,718Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.94%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 76.48%Noncurrent assets plus other real estate owned to assets
  • 1.61%Noncurrent loans to loans
  • 1.89%Net loans and leases to deposits
  • 101.38%Net loans and leases to core deposits
  • 148.48%Equity capital to assets
  • 11.60%Core capital (leverage) ratio
  • 10.51%Tier 1 risk-based capital ratio
  • 13.45%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $519,237Average earning assets
  • $60,237Average equity
  • $475,536Average loans

List of branches

  • 19 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08151Katahdin Trust Company11 Main Street, Patten, ME 4765March 07, 1918Full Service Brick and Mortar
    1228069Island Falls Branch1007 Crystal Road, Island Falls, ME 4747October 06, 1921Full Service Brick and Mortar
    2228070Oakfield Branch200 Oakfield Smyrna Road, Oakfield, ME 4763January 19, 1976Full Service Brick and Mortar
    3228071Houlton Branch65 North Street, Houlton, ME 4730October 16, 1987Full Service Brick and Mortar
    4228072Presque Isle Branch6 North Street, Presque Isle, ME 4769Febuary 01, 1991Full Service Brick and Mortar
    5228073Mars Hill Branch28 Main Street, Mars Hill, ME 4758April 05, 1995Full Service Brick and Mortar
    6228074Caribou Branch105 Bennett Drive, Caribou, ME 4736April 06, 1995Full Service Brick and Mortar
    7228075Houlton Operations Center Branch20 Katahdin Lane, Houlton, ME 4730May 12, 1997Limited Service Administrative
    8202570Easton Branch82 Center Road, Easton, ME 4740January 01, 1933Full Service Brick and Mortar
    9202571Fort Fairfield Branch290 Main Street, Fort Fairfield, ME 4742October 03, 1955Full Service Brick and Mortar
    10202573Limestone Branch35 Main Street, Limestone, ME 4750September 01, 1944Full Service Brick and Mortar
    12202578Van Buren Branch29 Main Street, Van Buren, ME 4785January 29, 1934Full Service Brick and Mortar
    13202583Eagle Lake Branch3440 Aroostook Road, Eagle Lake, ME 4739September 17, 1975Full Service Brick and Mortar
    1411086Washburn Branch1282 Main Street, Washburn, ME 4786January 26, 1920Full Service Brick and Mortar
    15240167Ashland Branch17 Main Street, Ashland, ME 4732May 23, 1961Full Service Brick and Mortar
    16465267Scarborough Branch15 Pleasant Hill Road, Scarborough, ME 4074July 02, 2007
    17473972Bangor Branch12 Stillwater Avenue, Bangor, ME 4401March 12, 2008Limited Service Loan Production
    18511152Broadway Bangor Branch609 Broadway, Bangor, ME 4401August 02, 2010Full Service Brick and Mortar
    19520925Hampden Branch57 Western Avenue, Hampden, ME 4444June 20, 2011Full Service Brick and Mortar

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