Katahdin Trust Company, Financial Information

AboutKatahdin Trust Company

 Address:
11 Main Street
Patten,ME
Penobscot County,Maine
 Established:
Mar 1918
 Number of domestic offices:
17
Total assets$936M
Net income$10M
Net income,quarterly$4M
Total deposits$813M
Domestic deposits$813M
Equity capital$94M
ROA1.12%
ROAQ,quarterly1.5%
ROA,pretax1.5%
ROAQ,quarterly,pretax1.28%
ROE11.54%
ROEQ,quarterly15.21%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Katahdin Trust Company is a commercial bank, state charter and Fed nonmember, supervised by the FDIC. The bank was established in 1918. Three years after opening its first office in Patten in 1918, the Bank opened a branch in Island Falls. These remained the only two locations for the next fifty-five years. In 1976 the Bank opened its third office in Oakfield. Eleven years later, the Bank expanded to Houlton and in 1991 opened its fifth office in Presque Isle.

During the mid 1990's, as population continued to decline and larger banks continued to reduce their presence in northern Maine, Katahdin Trust Company remained loyal to the area and continued expanding with two new offices in Mars Hill and Caribou and a new Operations Center in Houlton.

In November of 2000 the Bank doubled its locations and increased its assets by 62% with the acquisition of eight Aroostook County branches of Peoples Heritage Bank (now TD Bank), located in Mars Hill, Easton, Eagle Lake, Fort Fairfield, Limestone, Van Buren, Ashland, and Washburn.

In 2007 Katahdin Trust acquired Maine Financial Group, located in the southern Maine community of Scarborough, and continues to operate it as a commercial loan office. Later that year, the Bank expanded its Scarborough location with the addition of a commercial services officer. In March 2008 a second commercial loan office was opened in the central Maine community of Bangor.

The Bank began to expand its presence in the greater Bangor market with full-service branch locations in 2010; opening in Bangor’s Broadway Shopping Center in August and nearly a year later a second branch was opened in Hampden. In May of 2012 the Bank opened its third branch in this market on Springer Drive in Bangor’s Christmas Tree Shops Plaza. Concurrent with the opening of this branch the Bangor commercial loan office moved to this facility.

In November of 2013, the Bank expanded services at its Scarborough commercial loan office located in southern Maine to include a full array of deposit accounts and teller amenities.

Ashland
17 Main Street
PO BOX 287
Ashland, ME 04732
(207) 435-6461

Bangor
Broadway Shopping Center
609 BROADWAY
BANGOR, ME 04401
(207) 942-3146

Bangor
Christmas Tree Shops Plaza
52 SPRINGER DRIVE
BANGOR, ME 04401
(207) 947-9674

Caribou
105 Bennett Drive
Caribou, ME 04736
(207) 498-4200

Eagle Lake
3440 Aroostook road
PO BOX 247
Eagle Lake, ME 04739
(207) 444-5543

Easton
82 Center road
PO BOX 370
Easton, ME 04740
(207) 488-6642

Fort Fairfield
290 Main street
PO BOX 309
Fort Fairfield, ME 04742
(207) 472-3161

Hampden
57 Western avenue
PO BOX 217
Hampden, ME 04444
(207) 862-2211

Houlton
65 North street
PO BOX 1017
Houlton, ME 04730
(207) 532-4277

Island Falls
1007 Crystal road
PO BOX 310
Island Falls, ME 04747
(207) 463-2228

Limestone
35 Main street
Limestone, ME 04750
(207) 325-4711

Mars Hill
28 Main street
Mars Hill, ME 04758
(207) 429-8400

Oakfield
200 Oakfield Smyrna road
PO BOX 279
Oakfield, ME 04763
(207) 757-8288

Patten
11 Main street
PO BOX 450
Patten, ME 04765
(207) 528-2211

Presque Isle
6 North street
Presque Isle, ME 04769
(207) 764-8000

Scarborough
144 US Route One
Scarborough, ME 04074
1-866-441-5197
(207) 510-7017

Van Buren
29 Main street, Suite 105
PO BOX 339
Van Buren, ME 04785
(207) 868-2728

Washburn
1282 Main street
PO BOX 248
Washburn, ME 04786
(207) 455-8141