Katahdin Trust Company

Katahdin Trust Company Locations
11 Main Street
Patten, ME 4765
www.katahdintrust.com

Katahdin Trust Company is headquartered in Patten and is the 16st largest bank in the state of Maine. It is also the 1,235th largest bank in the nation. It was established in 1918 and as of March of 2012, it had grown to 181 employees at 19 locations. Katahdin Trust Company has a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Katahdin Trust Company Checking Account Rates

ApyMinMaxProduct
0.01%--50+ Free Interest Checking
0.01%--VIP Free Interest Checking
0.01%--Summit Checking
0.01%--Commercial Checking
0.00%--Totally Free Checking
0.00%--Totally Free Business Checking

Katahdin Trust Company Savings Account Rates

ApyMinMaxProduct
0.25%--Christmas Club
0.10%--Statement Savings

Katahdin Trust Company Money Market Rates

ApyMinMaxProduct
0.50%$100k-Evergreen Money Market Account
0.15%$250k-Money Market Plus Account
0.10%$100k-Money Market Account

Katahdin Trust Company CD Rates

ApyMinMaxProduct
1.75%$500-60 Month Summit Relationship CD
1.65%$500-60 Month CD
1.35%$500-48-60 Month Summit Relationship CD
1.25%$500-48-60 Month CD
1.00%$500-36-48 Month Summit Relationship CD
0.90%$500-36-48 Month CD
0.80%$500-24-36 Month Summit Relationship CD
0.70%$500-24-36 Month CD
0.55%$500-12-24 Month Summit Relationship CD
0.45%$500-12-24 Month CD
0.40%$500-6-12 Month Summit Relationship CD
0.40%--6 Month Easy Access CD
0.30%$500-6-12 Month CD
0.30%$500-3-6 Month Summit Relationship CD
0.30%--6 Month Easy Access Summit Relationship CD
0.25%$500-1-3 Month CD
0.20%$500-3-6 Month CD
0.15%$500-1-3 Month Summit Relationship CD

Katahdin Trust Company IRA Rates

ApyMinMaxProduct
1.75%$500-60 Month Summit Relationship IRA
1.75%$500-60 Month Summit Relationship Roth IRA
1.75%$500-60 Month Summit Relationship CESA
1.65%$500-60 Month IRA
1.65%$500-60 Month Jumbo Roth IRA
1.65%$500-60 Month CESA
1.35%$500-48-60 Month Summit Relationship IRA
1.35%$500-48-60 Month Summit Relationship Roth IRA
1.35%$500-48-60 Month Summit Relationship CESA
1.25%$500-48-60 Month IRA
1.25%$500-48-60 Month Roth IRA
1.25%$500-48-60 Month CESA
1.00%$500-36-48 Month Summit Relationship IRA
1.00%$500-36-48 Month Summit Relationship Roth IRA
1.00%$500-36-48 Month Summit Relationship CESA
0.90%$500-36-48 Month IRA
0.90%$500-36-48 Month Roth IRA
0.90%$500-36-48 Month CESA
0.80%$500-24-36 Month Summit Relationship IRA
0.80%$500-24-36 Month Summit Relationship Roth IRA
0.80%$500-24-36 Month Summit Relationship CESA
0.70%$500-24-36 Month IRA
0.70%$500-24-36 Month Roth IRA
0.70%$500-24-36 Month CESA
0.65%--18 Month Summit Relationship Variable IRA/SEP
0.55%--18 Month Variable IRA
0.55%$500-12-24 Month Summit Relationship IRA
0.55%$500-12-24 Month Summit Relationship Roth IRA
0.55%$500-12-24 Month Summit Relationship CESA
0.45%$500-12-24 Month IRA
0.45%$500-12-24 Month Roth IRA
0.45%$500-12-24 Month CESA
0.40%$500-6-12 Month Summit Relationship IRA
0.40%$500-6-12 Month Summit Relationship Roth IRA
0.40%$500-6-12 Month Summit Relationship CESA
0.30%$500-3-6 Month Summit Relationship IRA
0.30%$500-6-12 Month IRA
0.30%$500-3-6 Month Summit Relationship Roth IRA
0.30%$500-6-12 Month Roth IRA
0.30%$500-3-6 Month Summit Relationship CESA
0.30%$500-6-12 Month CESA
0.25%$500-1-3 Month IRA
0.25%$500-1-3 Month Roth IRA
0.25%$500-1-3 Month CESA
0.20%$500-3-6 Month IRA
0.20%$500-3-6 Month Roth IRA
0.20%$500-3-6 Month CESA
0.15%$500-1-3 Month Summit Relationship IRA
0.15%$500-1-3 Month Summit Relationship Roth IRA
0.15%$500-1-3 Month Summit Relationship CESA

Rates updated: 5/26/2012

Data for Q1 2012


Institution Statistics


Katahdin Trust Company
FDIC Certificate #12874
BankRate ReportView
Year Established1918
Employees181
Primary RegulatorFDIC

Assets and Liabilities

Assets$549.42 million
Loans$448.67 million
Deposits$451.10 million
Equity Capital$61.31 million
Loan Loss Allowance$6.52 million
Unbacked Noncurrent Loans$6.08 million
Real Estate Owned$271,000

Historic Data - March 2011

Assets$510.75 million
Equity Capital$59.46 million
Loan Loss Allowance$6.26 million
Unbacked Noncurrent Loans$4.52 million
Real Estate Owned$371,000

Profit Margin - Quarterly

Net Interest Margin4.24%
Return on Assets0.78%
Return on Equity6.85%
Interest Income$6.73 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Katahdin Trust Company had $6.35 million in non-current loans and owned real-estate with $67.82 million in equity and loan loss allowances on hand to cover it. This gives Katahdin Trust Company a Texas Ratio of 9.37% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Katahdin Trust Company held steady from 5.39% as of March 31, 2011 to 9.37% as of March 31, 2012, resulting in a negative change of 73.79%. This indicates that the balance sheet and financial strength for Katahdin Trust Company has held steady in recent periods.
Deposit Growth5
In the past year, Katahdin Trust Company has increased its total deposits by $47.96 million, resulting in 11.9% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Katahdin Trust Company has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Katahdin Trust Company has $549.42 million in assets with $67.82 million in equity, resulting in a capitalization level of 12.34%, which is excellent.
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