1.5 star ratingAverage User Rating:
1.5 star rating based on 3 reviews.

The Camden National Bank (ME)

The Camden National Bank (ME) Locations
2 Elm Street
Camden, ME 4843
800-860-8821
www.camdennational.com

FDIC


The Camden National Bank (ME) is headquartered in Camden and is the 3rd largest bank in the state of Maine. It is also the 296th largest bank in the nation. It was established in 1875 and as of December of 2012, it had grown to 324 employees at 53 locations. The Camden National Bank (ME) has a 4-star health rating.



See Rates for: Checking | Savings | Money Market

The Camden National Bank (ME) Checking Account Rates

ApyMinMaxProduct
0.01%$25-Anchor Solution Checking
0.01%$25-Compass Solution Checking

The Camden National Bank (ME) Savings Account Rates

ApyMinMaxProduct
0.10%$5k-Health Savings Account
0.10%--Pennys Piggy Bank Savings Club
0.07%$100k-Statement Savings
0.05%--Select Savings Club

The Camden National Bank (ME) Money Market Rates

ApyMinMaxProduct
0.10%$100k$250kIndependent Money Market
0.02%$100k-Indexed Money Market Fund

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


The Camden National Bank
FDIC Certificate #4255
BankRate ReportView
Year Established1875
Employees324
Primary RegulatorOCC

Assets and Liabilities

Assets$2.53 billion
Loans$1.54 billion
Deposits$1.94 billion
Equity Capital$253.51 million
Loan Loss Allowance$23.04 million
Unbacked Noncurrent Loans$21.41 million
Real Estate Owned$1.31 million

Historic Data - December 2011

Assets$2.27 billion
Equity Capital$239.95 million
Loan Loss Allowance$23.01 million
Unbacked Noncurrent Loans$21.93 million
Real Estate Owned$1.68 million

Profit Margin - Quarterly

Net Interest Margin3.46%
Return on Assets1.04%
Return on Equity9.98%
Interest Income$90.87 million

Institution Health


Overall Score:
4 out of 5
4
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 December 31, 2012 The Camden National Bank (ME) had $22.73 million in non-current loans and owned real-estate with $276.56 million in equity and loan loss allowances on hand to cover it. This gives The Camden National Bank (ME) a Texas Ratio of 8.22% 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 The Camden National Bank (ME) held steady from 9.26% as of December 31, 2011 to 8.22% as of December 31, 2012, resulting in a positive change of 11.25%.This indicates that the balance sheet and financial strength for The Camden National Bank (ME) has held steady in recent periods.
Deposit Growth5
In the past year, The Camden National Bank (ME) has increased its total deposits by $335.71 million, resulting in 20.92% 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 The Camden National Bank (ME) has shown is excellent.
Capitalization4
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. The Camden National Bank (ME) has $2.53 billion in assets with $276.56 million in equity, resulting in a capitalization level of 10.95%, which is above average.
Write Review

They're Just Like All The Others...
2 stars - MaineGuy - Tuesday, June 12, 2012 - 9:06 AM

Yup, Camden National has finally lowered itself to the level of the national behemoth banks. Differentiating factors were the ATM fee reimbursements and free checking. Now, that's gone, based on a letter I received today. I suppose it doesn't matter a whole lot as there are other financial institutions in the Rockland, Maine area that will--including where my spouse banks. So, it's over to them. It was a good year since I gave up on TD Bank in Rockland--now there's no daylight between the two.

6

Camden National Bank I Am Not The Only Consumer Telling You, Your Service Sucks!
1 stars - USuck123 - Thursday, March 21, 2013 - 3:37 PM

The worst banking experience yet! Absolutely not up to the task of Bank of America's customer base. Its going to take 2 days to just be able to sign-in online.

Not only that.... don't set up any payments in advance bills because if you say make the request for money to go to a credit card 14 days from now they take it out now and send it on day 12. I am one of those people that scheduled payments ahead to be on time and after a paycheck goes in. When I talked to customer service they said that is how it is. BS- and that does not stand for Better Business Bureau. That behavior would cause most people late fees with creditors or overdraft fees with the bank. Camden National Bank I am not the only consumer telling you, your service sucks! And now must face the inconvenience of moving my account to a new bank. Anyone with direct deposit can understand how fun that task is. Should've jumped ship when we heard Bank of America was going belly up here in the Northeast.  Don't believe the Forbes report of it being a good business, unless the custormer is not the consideration in their report.

3

Worst Bank Do Not Go!
1 stars - kelleylynn - Thursday, December 20, 2012 - 11:25 AM

First the customer service is horrible and are unhelpful. I sent out my loan payment and they received it (not my fault try lost it) they are charging be a late fee of $62 and if I want to make sure they don't report this to my credit, I have to pay another $19. Talk about ****ty people! Never ever go here! Beware!!

3