Katahdin Trust Company

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 12874
Address
11 Main Street, Patten, ME 4765
FDIC Unique Number 8151
Federal Reserve ID 327305
Federal Reserve ID for Bank Holding Company 1140127
OCC Charter Number 0
OTS Docket Number 10885
MSA
County Penobscot
Website http://www.katahdintrust.com
Established On 03/07/1918
Insured On 01/01/1934
Holding Company Katahdin Bankshares Corporation
Regulator Federal Deposit Insurance Corporation
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 20
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Financial Snapshot

USD, Thousands
Total Assets 687,155
Total Deposits 577,137
Domestic Deposits 577,137
Bank Equity Capital 68,537
Year to Date Quarterly
Net Income USD, 000 3,782 1,393
Return on Assets 0.75% 0.81%
Return on Equity 7.46% 8.18%
Pre-Tax Return on Assets 1.11% 1.21%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Katahdin Trust Company has a texas ratio of 13.24 which puts it at low risk. As of 09/30/2015 the bank had $9,276 Non Current Loans and Leases, $519 Other Real Estate Owned, $68,537 Total Equity Capital and $5,417 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $9,276 $519 $68,537 $5,417 13.24
06/30/2015 $9,763 $457 $67,655 $5,484 13.97
03/31/2015 $10,166 $245 $67,275 $5,805 14.25
12/31/2014 $9,188 $309 $66,767 $5,899 13.07
09/30/2014 $9,400 $347 $66,212 $6,242 13.45
06/30/2014 $10,343 $243 $65,602 $6,164 14.75
03/31/2014 $11,108 $409 $60,540 $6,481 17.18
12/31/2013 $7,792 $266 $59,849 $6,097 12.22
09/30/2013 $7,227 $123 $60,269 $5,573 11.16
06/30/2013 $6,813 $153 $60,554 $5,416 10.56
03/31/2013 $7,235 $1,656 $61,437 $6,191 13.15
12/31/2012 $9,425 $167 $61,653 $6,338 14.11
09/30/2012 $9,468 $254 $61,779 $6,643 14.21
06/30/2012 $8,965 $236 $61,562 $6,575 13.5
03/31/2012 $9,164 $271 $61,307 $6,515 13.91
12/31/2011 $8,264 $251 $61,210 $6,320 12.61
09/30/2011 $6,386 $77 $61,371 $6,425 9.53
06/30/2011 $6,478 $324 $60,391 $6,280 10.2
03/31/2011 $6,253 $371 $59,464 $6,259 10.08
12/31/2010 $8,157 $363 $58,751 $6,087 13.14
09/30/2010 $8,167 $474 $58,499 $6,075 13.38
06/30/2010 $8,609 $876 $57,845 $6,323 14.78
03/31/2010 $8,994 $901 $56,643 $6,072 15.78
12/31/2009 $10,474 $184 $55,865 $6,143 17.19
09/30/2009 $9,117 $17 $55,580 $5,946 14.85
06/30/2009 $8,898 $18 $53,932 $5,528 14.99
03/31/2009 $8,128 $20 $53,148 $5,518 13.89

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 195 195 194 196 195 Chart
Total Assets 687,155 681,206 665,046 666,408 643,359 Chart
Cash & Balances due from depository institutions 10,397 10,636 14,073 11,636 11,915 Chart
Interest-bearing balances 182 865 3,449 1,012 457 Chart
Securities 67,258 65,329 61,438 58,693 55,945 Chart
Federal funds sold and reverse repurchase 0 0 0 0 0 Chart
Net loans and leases 574,443 569,237 553,526 559,438 538,442 Chart
Loan loss allowance 5,417 5,484 5,805 5,899 6,242 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 13,419 13,632 13,920 14,120 14,332 Chart
Other real estate owned 519 457 245 309 347 Chart
Goodwill and other intangibles 5,699 5,699 5,699 5,699 5,701 Chart
All other assets 15,420 16,216 16,145 16,513 16,677 Chart
Total Liabilities and Capital 687,155 681,206 665,046 666,408 643,359 Chart
Total Liabilities 618,618 613,551 597,771 599,641 577,147 Chart
Total deposits 577,137 578,045 592,818 561,783 566,232 Chart
Interest-bearing deposits 478,449 496,521 508,591 476,673 482,645 Chart
Deposits held in domestic offices 577,137 578,045 592,818 561,783 566,232 Chart
% insured (estimated) 76% 78% 76% 79% 79% Chart
Federal funds purchased and repurchase agreements 412 448 862 1,011 869 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 36,293 29,968 196 31,504 5,551 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 4,776 5,090 3,895 5,343 4,495 Chart
Total equity capital 68,537 67,655 67,275 66,767 66,212 Chart
Bank equity capital 68,537 67,655 67,275 66,767 66,212 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 100 100 100 100 100 Chart
Surplus 31,502 31,502 31,502 31,502 31,502 Chart
Undivided profits 36,935 36,053 35,673 35,165 34,610 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 9,276 9,763 10,166 9,188 9,400 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 5,205 5,195 5,723 5,719 5,461 Chart
Income earned, not collected on loans 1,599 1,841 1,693 1,560 1,519 Chart
Earning assets 641,883 635,431 618,413 619,143 594,844 Chart
Long-term assets (5+ years) 265,298 270,579 264,523 273,597 269,625 Chart
Average total assets 674,954 670,887 665,727 647,932 643,313 Chart
Average assets, quarterly 684,181 673,126 665,727 654,884 644,814 Chart
Total risk weighted assets adjusted 522,747 523,010 505,133 513,398 493,602 Chart
Adjusted average assets for leverage capital purposes 680,862 667,937 659,515 648,576 638,900 Chart
Life insurance assets 8,540 8,473 8,598 8,533 8,468 Chart
General account life insurance assets 8,540 8,473 8,598 8,533 8,468 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 47,034 40,334 10,982 43,455 16,667 Chart
Insider loans 13,520 13,812 13,837 7,827 12,475 Chart
FHLB advances 36,293 29,968 196 31,504 5,551 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 87,775 73,214 76,041 73,198 73,895 Chart
Tier one (core) capital 64,905 63,933 63,395 62,767 62,211 Chart
Tier 2 Risk-based capital 5,450 5,517 5,838 5,932 6,008 Chart
Total unused commitments 87,775 73,214 76,041 73,198 73,895 Chart
Derivatives 25,000 25,000 25,000 25,000 25,000 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 20,901 13,787 6,801 27,507 20,520 Chart
Total interest expense 2,633 1,757 885 3,913 2,973 Chart
Net interest income 18,268 12,030 5,916 23,594 17,547 Chart
Provision for loan and lease losses 0 0 0 548 478 Chart
Total noninterest income 2,410 1,516 677 3,072 2,312 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 719 447 218 939 702 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 1,691 1,069 459 2,133 1,610 Chart
Total noninterest expense 15,083 10,014 5,064 19,601 14,571 Chart
Salaries and employee benefits 9,003 5,980 3,010 11,625 8,689 Chart
Premises and equipment expense 2,544 1,730 902 3,149 2,303 Chart
Additional noninterest expense 3,536 2,304 1,152 4,827 3,579 Chart
Pre-tax net operating income 5,595 3,532 1,529 6,517 4,810 Chart
Securities gains (losses) 12 13 0 -17 -17 Chart
Applicable income taxes 1,825 1,156 496 2,031 1,536 Chart
Income before extraordinary items 3,782 2,389 1,033 4,469 3,257 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 3,782 2,389 1,033 4,469 3,257 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 3,782 2,389 1,033 4,469 3,257 Chart
Net charge-offs 482 415 94 746 333 Chart
Cash dividends 1,880 1,263 645 2,143 1,499 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 3,774 2,380 1,033 4,481 3,269 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 67,258 65,329 61,438 58,693 55,945 Chart
U.S. Government securities 60,836 59,317 57,648 55,421 54,775 Chart
U.S. Treasury securities 3,464 3,424 2,957 2,428 2,401 Chart
U.S. Government agency obligations 57,372 55,893 54,691 52,993 52,374 Chart
Securities issued by states & political subdivisions 5,346 4,894 2,657 2,159 0 Chart
Other domestic debt securities 657 694 710 711 735 Chart
Privately issued residential mortgage-backed securities 272 282 291 301 306 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 385 412 419 410 429 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 419 424 423 402 435 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 24,471 20,133 18,115 21,585 17,695 Chart
Mortgage-backed securities 53,177 51,595 50,035 48,224 47,367 Chart
Certificates of participation in pools of residential mortgages 22,942 25,122 24,580 24,230 25,460 Chart
Issued or guaranteed by U.S. 22,942 25,122 24,580 24,230 25,460 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 2,371 2,442 2,613 2,696 2,756 Chart
CMOs issued by government agencies or sponsored agencies 2,099 2,160 2,322 2,395 2,450 Chart
Privately issued 272 282 291 301 306 Chart
Commercial mortgage-backed securities 27,864 24,031 22,842 21,298 19,151 Chart
Commercial mortgage pass-through securities 7,023 5,996 6,075 4,482 1,977 Chart
Other commercial mortgage-backed securities 20,841 18,035 16,767 16,816 17,174 Chart
Held to maturity securities (book value) 16 18 19 20 20 Chart
Available-for-sale securities (fair market value) 67,242 65,311 61,419 58,673 55,925 Chart
Total debt securities 66,838 64,907 61,015 58,290 55,509 Chart
Structured Notes
Amortized cost 0 0 0 0 0 Chart
Fair value 0 0 0 0 0 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.43% 4.42% 4.40% 4.60% 4.61% Chart
Cost of funding earning assets 0.56% 0.56% 0.57% 0.65% 0.67% Chart
Net interest margin 3.87% 3.85% 3.82% 3.94% 3.94% Chart
Noninterest income to average assets 0.48% 0.45% 0.41% 0.47% 0.48% Chart
Noninterest expense to average assets 2.98% 2.99% 3.04% 3.03% 3.02% Chart
Loan and lease loss provision to assets 0.00% 0.00% 0.00% 0.08% 0.10% Chart
Net operating income to assets 0.75% 0.71% 0.62% 0.69% 0.68% Chart
Return on assets (ROA) 0.75% 0.71% 0.62% 0.69% 0.68% Chart
Pretax return on assets 1.11% 1.06% 0.92% 1.00% 0.99% Chart
Return on Equity (ROE) 7.46% 7.11% 6.17% 7.01% 6.89% Chart
Retained earnings to average equity (YTD only) 3.75% 3.35% 2.32% 3.65% 3.72% Chart
Net charge-offs to loans 0.11% 0.15% 0.07% 0.14% 0.08% Chart
Credit loss provision to net charge-offs 0.00% 0.00% 0.00% 73.46% 143.54% Chart
Earnings coverage of net charge-offs (x) 11.61% 8.51% 16.27% 9.47% 15.88% Chart
Efficiency ratio 72.94% 73.93% 76.81% 73.48% 73.35% Chart
Assets per employee ($millions) 3.52% 3.49% 3.43% 3.40% 3.30% Chart
Cash dividends to net income (YTD only) 49.71% 52.87% 62.44% 47.95% 46.02% Chart
Condition Ratios (%)
Loss allowance to loans 0.93% 0.95% 1.04% 1.04% 1.15% Chart
Loan loss allowance to noncurrent loans 58.40% 56.17% 57.10% 64.20% 66.40% Chart
Noncurrent assets plus other real estate owned to assets 1.43% 1.50% 1.57% 1.43% 1.52% Chart
Noncurrent loans to loans 1.60% 1.70% 1.82% 1.63% 1.73% Chart
Net loans and leases to total assets 83.60% 83.56% 83.23% 83.95% 83.69% Chart
Net loans and leases to deposits 99.53% 98.48% 93.37% 99.58% 95.09% Chart
Net loans and leases to core deposits 155.96% 157.92% 151.54% 158.36% 155.14% Chart
Total domestic deposits to total assets 83.99% 84.86% 89.14% 84.30% 88.01% Chart
Equity capital to assets 9.97% 9.93% 10.12% 10.02% 10.29% Chart
Core capital (leverage) ratio 9.53% 9.57% 9.61% 9.68% 9.74% Chart
Tier 1 risk-based capital ratio 12.42% 12.22% 12.55% 12.23% 12.60% Chart
Total risk-based capital ratio 13.46% 13.28% 13.71% 13.38% 13.82% Chart
Memoranda
Average total assets 674,954 670,887 665,727 647,932 643,313 Chart
Average earning assets 628,718 624,329 618,778 598,359 593,164 Chart
Average equity 67,559 67,232 67,021 63,794 63,051 Chart
Average loans 569,812 566,463 562,334 548,916 544,811 Chart