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Overview / Commentary
207-528-2211
11 Main Street
Patten, ME 04765

Katahdin Trust Company is headquartered in Patten and is the 16st largest bank in the state of Maine. It is also the 1,067th largest bank in the nation. It was established in 1918 and as of March of 2014, it had grown to 189 employees at 19 locations. Katahdin Trust Company has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Katahdin Trust Company had $5.68 million in non-current loans and owned real-estate with $67.02 million in equity and loan loss allowances on hand to cover it. This gives Katahdin Trust Company a Texas Ratio of 8.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Katahdin Trust Company experienced no significant changes from 4.52% as of March 31, 2013 to 8.48% as of March 31, 2014, resulting in a negative change of 87.53%. This indicates that the balance sheet and financial strength for Katahdin Trust Company has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Katahdin Trust Company has increased its total deposits by $71.39 million, resulting in 14.37% 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.

Capitalization

GRADE:
B+

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 $638.69 million in assets with $67.02 million in equity, resulting in a capitalization level of 10.49%, which is above average.

Institution Statistics

Overall
FDIC Certificate #12874
Year Established1918
Employees189
Primary RegulatorFDIC
Assets and Liabilities
Assets$638.69 million
Loans$534.81 million
Deposits$568.14 million
Equity Capital$60.54 million
Loan Loss Allowance$6.48 million
Unbacked Noncurrent Loans$5.28 million
Real Estate Owned$409,000
Historic Data - March 2013
Assets$579.66 million
Equity Capital$61.44 million
Loan Loss Allowance$6.19 million
Unbacked Noncurrent Loans$5.28 million
Real Estate Owned$1.66 million
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.62%
Return on Equity6.58%
Interest Income$6.70 million
Rates

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Katahdin Trust Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Statement Savings
0.05%--Christmas Club

Katahdin Trust Company Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Evergreen Money Market Account
0.10%$100k-Money Market Account
0.10%$25k-Money Market Plus Account

Katahdin Trust Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%--50+ Free Interest Checking
0.01%--VIP Free Interest Checking
0.01%--Summit Checking
0.01%--Commercial Checking with Interest

Katahdin Trust Company CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60+ Month Summit Relationship CD
1.05%$500-60+ Month CD
0.80%$500-36-48 Month Summit Relationship CD
0.80%$500-48-60 Month Summit Relationship CD
0.70%$500-36-48 Month CD
0.70%$500-48-60 Month CD
0.60%$500-24-36 Month Summit Relationship CD
0.50%$500-24-36 Month CD
0.30%$500-12-24 Month Summit Relationship CD
0.25%$500-12-24 Month CD
0.25%$500-6-12 Month Summit Relationship CD
0.25%--6 Month Easy Access Summit Relationship CD
0.20%$500-6-12 Month CD
0.20%$500-3-6 Month Summit Relationship CD
0.20%--6 Month Easy Access CD
0.15%$500-3-6 Month CD
0.15%$500-1-3 Month Summit Relationship CD
0.10%$500-1-3 Month CD

Katahdin Trust Company IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60+ Month Summit Relationship IRA
1.05%$500-60+ Month IRA
0.80%$500-36-48 Month Summit Relationship IRA
0.80%$500-48-60 Month Summit Relationship IRA
0.70%$500-36-48 Month IRA
0.70%$500-48-60 Month IRA
0.60%--18 Month Summit Relationship Variable IRA/SEP
0.60%$500-24-36 Month Summit Relationship IRA
0.50%--18 Month Variable IRA
0.50%$500-24-36 Month IRA
0.30%$500-12-24 Month Summit Relationship IRA
0.25%$500-6-12 Month Summit Relationship IRA
0.25%$500-12-24 Month IRA
0.20%$500-3-6 Month Summit Relationship IRA
0.20%$500-6-12 Month IRA
0.15%$500-1-3 Month Summit Relationship IRA
0.15%$500-3-6 Month IRA
0.10%$500-1-3 Month IRA
Locations

Katahdin Trust Company has 18 locations. Click to view all Katahdin Trust Company locations.