Katahdin Trust Company in Patten, Maine (ME)



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Katahdin Trust Company routing number info

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Katahdin Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Change in Trust Powers
Financial SummaryTotal 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)
Total employees (full-time equivalent)181
Total assets$527,800
Cash and due from depository institutions$10,346
Interest-bearing balances$857
Securities$51,206
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$431,477
Loan loss allowance $6,320
Trading account assets$0
Bank premises and fixed assets$10,108
Other real estate owned$251
Goodwill and other intangibles$5,828
All other assets$18,584
Life insurance assets$527,800
Total liabilities and capital$466,590
Total liabilities$425,603
Total deposits$370,714
Interest-bearing deposits$425,603
Deposits held in domestic offices$79
% insured (estimated)9660.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,702
Other borrowed funds $0
Subordinated debt $3,625
All other liabilities $61,210
Total equity capital$61,210
Total bank equity capital$61,210
Perpetual preferred stock$0
Common stock$100
Surplus$27,002
Undivided profits $34,108
Memoranda
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 $8,264
Earning assets $2,157
Long-term assets (5+ years) $1,663
Average Assets, year-to-date $483,540
Average Assets, quarterly $214,454
Volatile liabilities $519,237
Insider loans $527,679
FHLB advances $407,961
Loans and leases held for sale $521,951
Unused loan commitments $7,737
Tier 1 (core) risk-based capital $7,737
Tier 2 risk-based capital $54,856
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $67,459
Derivatives$12,095
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $27,258
Total interest expense $6,228
Net interest income $21,030
Provision for loan and lease losses $600
Total noninterest income $2,907
Fiduciary activities $0
Service charges on deposit accounts $1,099
Trading account gains & fees $0
Additional noninterest income $1,808
Total noninterest expense $16,605
Salaries and employee benefits $10,252
Premises and equipment expense $2,056
Additional noninterest expense $4,297
Pre-tax net operating income $6,732
Securities gains (losses) -$43
Applicable income taxes $1,925
Income before extraordinary items $4,764
Extraordinary gains - net $0
Net income attributable to bank $4,764
Net charge-offs $0
Cash dividends $4,764
Sale, conversion, retirement of capital stock, net $367
Net operating income $2,522
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.73%
Cost of funding earning assets 1.31%
Net interest margin 4.42%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 3.49%
Net operating income to assets 0.92%
Return on assets (ROA) 0.92%
Pretax return on assets 1.29%
Return on equity (ROE) 7.91%
Retained earnings to average equity (YTD only) 3.72%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 163.49%
Efficiency ratio19.98%
Assets per employee$68,718
Cash dividends to net income (YTD only)2.92%
Condition Ratios (%)
Loss allowance to loans 52.94%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 76.48%
Noncurrent loans to loans 1.61%
Net loans and leases to deposits1.89%
Net loans and leases to core deposits 101.38%
Equity capital to assets 148.48%
Core capital (leverage) ratio 11.60%
Tier 1 risk-based capital ratio 10.51%
Total risk-based capital ratio 13.45%
Memoranda
Average assets$15
Average earning assets$519,237
Average equity $60,237
Average loans $475,536
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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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