HOULTON, Maine — Katahdin Bankshares Corp., parent company of Katahdin Trust Company, has announced third-quarter earnings of $2.25 million, or $0.68 per common share. Year to date earnings of $5,777,000 increased by 24.1% or $1,122,000 over the first nine months of 2018.
Total assets reached $845.2 million as of quarter-end. Loans and customer deposits grew $44.4 million and $44.5 million, respectively, over last year at this time.
“We continue to experience excellent results,” said Jon J. Prescott, president and chief executive officer of Katahdin Trust. “As we look forward to the rest of 2019 and into 2020, building relationships through deposit product offerings remain an essential growth strategy for the Bank.”
Katahdin Trust Company is a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions. For more information and to view a copy of the most recent quarterly financial report, visit www.KatahdinTrust.com/Shareholder-Relations.
