The Camden National Bank Mortgage Rates, Fees & Info

Camden, ME

LEI: 549300VMVKSQE1B7DD43

Tax ID: 01-0039505

5 stars - out of 5 stars, based on 61 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    The Camden National Bank is a small bank specializing in Home Purchase and Refi loans. The Camden National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Boston, Augusta, Bangor, and Manchester among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Camden National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Camden National Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.79% 10/3/22
    30 Year Conventional Purchase 6.58% 10/3/22
    30 Year Conventional Refi 6.53% 10/3/22
    30 Year Cash-out Refi 6.74% 10/3/22
    30 Year FHA Purchase 7.11% 10/3/22
    30 Year FHA Refi 7.01% 10/3/22
    30 Year VA Purchase 6.19% 10/3/22
    30 Year VA Refi 6.02% 10/3/22
    30 Year USDA Purchase 6.69% 10/3/22
    15 Year Conventional Purchase 6.39% 10/3/22
    15 Year Conventional Refi 6.46% 10/3/22
    15 Year Cash-out Refi 6.46% 10/3/22
    15 Year FHA Purchase 7.51% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    3,697

    Origination Dollar Volume (All Markets)

    $1,236,495,000

    Employee count

    623 Show all (9) awards

    Relative Rate

    The Camden National Bank's average 30 year fixed mortgage rate was 3.19%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    The Camden National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,949.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1,073 $472,045,000 $439,930 $3,882 3.15%
    Outside of Metro Areas 1,275 $320,925,000 $251,706 $3,788 3.24%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 459 $208,245,000 $453,693 $3,505 3.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 329 $55,885,000 $169,863 $3,452 3.33%
    BANGOR, ME (FHA|USDA|VA) 222 $44,170,000 $198,964 $3,600 3.31%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 23 $34,095,000 $1,482,391 $3,090 3.36%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 130 $22,890,000 $176,077 $3,352 3.32%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 43 $15,215,000 $353,837 $4,188 2.80%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 23 $9,645,000 $419,348 $3,282 2.82%
    WORCESTER, MA-CT (FHA|USDA|VA) 22 $7,220,000 $328,182 $3,984 2.94%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $4,595,000 $919,000 $4,985 2.87%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $3,625,000 $402,778 $4,575 3.35%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $2,835,000 $567,000 $5,000 2.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,425,000 $346,429 $4,165 2.96%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $2,350,000 $587,500 $4,024 2.84%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $2,100,000 $525,000 $3,607 3.00%
    Edwards, CO (FHA|USDA|VA) 2 $2,040,000 $1,020,000 $4,395 2.62%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,440,000 $720,000 $6,493 2.63%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $1,360,000 $680,000 $5,070 2.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 3.75%
    Concord, NH (FHA|USDA|VA) 2 $1,190,000 $595,000 $2,306 3.19%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $1,125,000 $375,000 $4,248 2.88%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $5,518 2.75%
    Laconia, NH (FHA|USDA|VA) 3 $1,115,000 $371,667 $3,211 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $4,773 2.67%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $1,080,000 $540,000 $4,768 2.63%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $990,000 $495,000 $3,938 2.62%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $960,000 $480,000 $3,421 3.18%
    OCALA, FL (FHA|USDA|VA) 1 $905,000 $905,000 $7,809 2.75%
    Keene, NH (FHA|USDA|VA) 2 $830,000 $415,000 $6,388 3.12%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $775,000 $775,000 $3,629 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $755,000 $755,000 $4,145 2.25%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $735,000 $245,000 $2,629 2.58%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $705,000 $705,000 $3,097 2.88%
    Malone, NY (FHA|USDA|VA) 1 $685,000 $685,000 $4,782 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $625,000 $208,333 $3,735 3.00%
    Berlin, NH (FHA|USDA|VA) 1 $585,000 $585,000 $4,131 2.99%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $555,000 $555,000 $5,926 2.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $555,000 $555,000 $4,592 2.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $545,000 $545,000 $6,063 2.63%
    WACO, TX (FHA|USDA|VA) 1 $505,000 $505,000 $4,599 3.38%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $4,473 3.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $5,605 2.88%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $415,000 $415,000 $4,100 3.25%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $350,000 $175,000 $2,283 3.06%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $325,000 $325,000 $2,441 2.50%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $315,000 $315,000 $2,412 3.38%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $305,000 $305,000 $3,254 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,470 3.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,012 2.88%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.25%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $165,000 $165,000 $3,572 3.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.00%
    Key West, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,317 3.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,030 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,282 3.25%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $135,000 $135,000 $2,743 3.63%
    Batesville, AR (FHA|USDA|VA) 1 $125,000 $125,000 $2,835 4.00%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,484 2.99%
    LAWTON, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,482 3.50%
    Barre, VT (FHA|USDA|VA) 1 $85,000 $85,000 $2,122 2.88%

    The Camden National Bank's top markets include Portland, Boston, Augusta, Bangor, and Manchester among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against The Camden National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MAINE FAMILY
    Similarity Rank: 12
    SOMERSET
    Similarity Rank: 87
    INFINITY Federal Credit Union
    Similarity Rank: 136
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    CASCO
    Similarity Rank: 226
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    CUMBERLAND COUNTY
    Similarity Rank: 464

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,872 $1,113,090,000 $387,566 $3,563 3.14%
    HELOC 642 $77,440,000 $120,623 n/a 3.49%
    FHA 66 $17,900,000 $271,212 $8,022 2.79%
    VA 63 $18,315,000 $290,714 $5,457 2.65%
    USDA 54 $9,750,000 $180,556 $5,028 2.84%

    For 2021, The Camden National Bank's most frequently originated type of loan was Conventional, with 2,872 originations. Their 2nd most popular type was HELOC, with 642 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,491 $622,025,000 $417,186 $4,402 3.15%
    Refi 891 $283,235,000 $317,884 $3,051 2.97%
    Cash Out Refi 687 $240,275,000 $349,745 $3,300 3.35%
    Home Improvement 343 $46,045,000 $134,242 $3,422 3.44%
    Other 285 $44,915,000 $157,596 $2,976 3.33%

    For 2021, The Camden National Bank's most frequently cited loan purpose was Home Purchase, with 1,491 originations. The 2nd most popular reason was Refi, with 891 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,904 $998,990,000 $344,005 $3,949 3.19%
    15 Year 441 $127,555,000 $289,240 $3,098 2.76%
    20 Year 198 $37,860,000 $191,212 $2,668 3.75%
    Other 102 $28,840,000 $282,745 $2,578 3.72%
    10 Year 42 $40,610,000 $966,905 $3,103 2.92%
    5 Year 10 $2,640,000 $264,000 $0 3.82%

    For 2021, The Camden National Bank's most frequently cited loan duration was 30 Year, with 2,904 originations. The 2nd most popular length was 15 Year, with 441 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,439 $903,695,000 $370,519
    $1k-2k 178 $33,030,000 $185,562
    $3k-4k 112 $51,150,000 $456,696
    $2k-3k 36 $8,080,000 $224,444
    $4k-5k 26 $26,550,000 $1,021,154
    $5k+ 11 $5,365,000 $487,727

    The Camden National Bank's average total fees were $3,949, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,439 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,598 $444,170,000 $277,954
    2.5-3% 1,402 $617,770,000 $440,635
    <2.5% 495 $137,325,000 $277,424
    4-5% 177 $35,215,000 $198,955
    5-6% 25 $2,015,000 $80,600

    During 2021, The Camden National Bank's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 1,598 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,228 $347,680,000 $283,127 $3,493 3.12%
    $100k-200k 985 $144,085,000 $146,279 $3,135 3.31%
    $100,000 or less 558 $35,800,000 $64,158 $2,626 3.45%
    $400k-600k 502 $243,690,000 $485,438 $4,025 3.00%
    $600k-1MM 289 $216,785,000 $750,121 $4,973 2.97%
    $1MM+ 135 $248,455,000 $1,840,407 $7,359 2.96%

    2021 saw The Camden National Bank place emphasis on $200k-400k loans with 1,228 originations, totaling $347,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 682 $204,370,000 $299,663 $3,664 3.16%
    $150k-250k 679 $267,625,000 $394,146 $3,848 3.17%
    $50k-75k 631 $110,455,000 $175,048 $3,407 3.19%
    $250k+ 558 $380,060,000 $681,111 $4,781 3.02%
    $75k-100k 523 $117,855,000 $225,344 $3,430 3.22%
    $50k or less 448 $52,660,000 $117,545 $3,179 3.23%

    The Camden National Bank lent most frequently to those with incomes in the $100k-150k range, with 682 originations. The second most popular income band? $150k-250k, with 679 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 837 $266,485,000 $318,381 $3,508 3.10%
    30-36% 660 $191,010,000 $289,409 $3,501 3.20%
    <20% 405 $146,455,000 $361,617 $3,550 3.04%
    41% 166 $52,440,000 $315,904 $3,892 3.24%
    43% 155 $47,685,000 $307,645 $3,927 3.18%
    44% 141 $45,785,000 $324,716 $3,952 3.25%
    40% 141 $50,875,000 $360,816 $4,140 3.26%
    42% 137 $48,725,000 $355,657 $4,593 3.26%
    37% 135 $45,165,000 $334,556 $4,147 3.09%
    39% 128 $47,420,000 $370,469 $4,010 3.21%
    47% 126 $42,920,000 $340,635 $4,282 3.21%
    45% 117 $36,965,000 $315,940 $3,859 3.24%
    36% 115 $36,975,000 $321,522 $3,938 3.12%
    38% 114 $32,440,000 $284,561 $3,596 3.24%
    46% 91 $24,785,000 $272,363 $3,630 3.23%
    48% 43 $13,545,000 $315,000 $3,610 3.14%
    49% 39 $10,065,000 $258,077 $3,965 3.10%
    50-60% 8 $2,360,000 $295,000 $6,569 2.84%

    The Camden National Bank lent most frequently to those with DTI ratios of 20-30%, with 837 originations. The next most common DTI ratio? 30-36%, with 660 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,110 $1,007,510,000 $323,958 $3,760 3.16%
    Not provided 437 $121,405,000 $277,815 $3,592 3.21%
    Not applicable 103 $87,355,000 $848,107 $0 3.88%
    Asian 26 $12,120,000 $466,154 $4,249 3.12%
    Black 13 $5,645,000 $434,231 $3,630 3.20%
    American Indian 2 $1,130,000 $565,000 $2,952 3.38%
    Asian Indian 2 $480,000 $240,000 $2,473 2.81%
    Native Hawaiian or Islander 2 $460,000 $230,000 $3,097 3.43%
    Other Asian 1 $315,000 $315,000 $3,166 2.88%
    Filipino 1 $75,000 $75,000 $2,697 2.50%

    Approval Rates

    Total approvals of all applications
    94.41%

    The Camden National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.20%

    The Camden National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,697 $1,236,495,000 $334,459

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,697 $1,236,495,000 $334,459

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 461 $85,985,000 $186,518 $3,019 3.21%
    40-60% 713 $243,945,000 $342,139 $3,155 3.08%
    60-80% 1,409 $559,645,000 $397,193 $3,802 3.23%
    80-100% 854 $313,030,000 $366,546 $4,280 3.09%
    Over 100% 23 $14,375,000 $625,000 $11,079 3.40%
    Under 20% 236 $19,390,000 $82,161 $2,404 3.50%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Camden National Bank 300 Main Street Rockland, ME 4841 Full Service B&M $220,052
    The Camden National Bank 66 Eastern Avenue Augusta, ME 4330 Full Service B&M $65,770
    The Camden National Bank 330 Main Street Old Town, ME 4468 Full Service B&M $59,748
    The Camden National Bank 344 Main Street Calais, ME 4619 Full Service B&M $18,843
    The Camden National Bank 66 Main Street Ellsworth, ME 4605 Full Service B&M $126,852
    The Camden National Bank 106 Main Street Thomaston, ME 4861 Full Service B&M $58,267
    The Camden National Bank 1083 West Main Street Dover Foxcroft, ME 4426 Full Service B&M $74,700
    The Camden National Bank 2 Canal Plaza Portland, ME 4101 Full Service B&M $482,583
    The Camden National Bank 2 Elm St Camden, ME 4843 Full Service B&M $737,395
    The Camden National Bank 2 Main Street Winthrop, ME 4364 Full Service B&M $29,909
    The Camden National Bank 20 Lily Bay Rd Greenville, ME 4441 Full Service B&M $40,641
    The Camden National Bank 21 Armory Street Augusta, ME 4330 Full Service B&M $44,422
    The Camden National Bank 210 Commerce Way Suite 350 Portsmouth, NH 3801 Full Service B&M $44,656
    The Camden National Bank 240 Us Route 1 Falmouth, ME 4105 Full Service B&M $26,782
    The Camden National Bank 2530 Us Route 2 Hermon, ME 4401 Full Service B&M $30,390
    The Camden National Bank 258 Kennedy Memorial Drive Waterville, ME 4901 Full Service B&M $44,714
    The Camden National Bank 268 Water Street Randolph, ME 4346 Full Service B&M $19,916
    The Camden National Bank 29 Main Street Milbridge, ME 4658 Full Service B&M $36,948
    The Camden National Bank 3 Atlantic Avenue Stonington, ME 4681 Full Service B&M $35,310
    The Camden National Bank 3 Myrick Street Ellsworth, ME 4605 Full Service B&M $35,299
    The Camden National Bank 36 Portland Road, P.O. Box 1130 Kennebunk, ME 4043 Full Service B&M $93,847
    The Camden National Bank 374 Maine Street Belfast, ME 4915 Full Service B&M $133,274
    The Camden National Bank 382 Main Street Bucksport, ME 4416 Full Service B&M $32,730
    The Camden National Bank 435 Main Street Damariscotta, ME 4543 Full Service B&M $50,374
    The Camden National Bank 51 Main Street Jonesport, ME 4649 Full Service B&M $23,076
    The Camden National Bank 51 Main Street Oakland, ME 4963 Full Service B&M $36,126
    The Camden National Bank 52 Bath Road Wiscasset, ME 4578 Full Service B&M $36,405
    The Camden National Bank 53 Main Street Madison, ME 4950 Full Service B&M $28,600
    The Camden National Bank 6 Gurnet Road Brunswick, ME 4011 Full Service B&M $35,405
    The Camden National Bank 6 M And M Place Machias, ME 4654 Full Service B&M $4,853
    The Camden National Bank 6 Main Street Vinalhaven, ME 4863 Full Service B&M $35,914
    The Camden National Bank 640 Main Street Saco, ME 4072 Full Service B&M $71,444
    The Camden National Bank 659 Route 1 York, ME 3909 Full Service B&M $50,042
    The Camden National Bank 1316 State Highway 102 Bar Harbor, ME 4609 Full Service B&M $34,104
    The Camden National Bank 137 Main Street Brunswick, ME 4011 Full Service B&M $28,489
    The Camden National Bank 14 Winthrop Street Hallowell, ME 4347 Full Service B&M $34,290
    The Camden National Bank 145 Elm Street Camden, ME 4843 Full Service B&M $90,870
    The Camden National Bank 15 Parkway South Brewer, ME 4412 Full Service B&M $45,766
    The Camden National Bank 150 Main Street Waterville, ME 4901 Full Service B&M $65,262
    The Camden National Bank 16 Topsham Fair Mall Road Topsham, ME 4086 Full Service B&M $40,883
    The Camden National Bank 17 Belmont Avenue Belfast, ME 4915 Full Service B&M $31,026
    The Camden National Bank 1768 Atlantic Highway Waldoboro, ME 4572 Full Service B&M $65,289
    The Camden National Bank 178 Court Street Auburn, ME 4210 Full Service B&M $97,520
    The Camden National Bank 189 Townsend Avenue Boothbay Harbor, ME 4538 Full Service B&M $29,358
    The Camden National Bank 19 Water Street Castine, ME 4421 Full Service B&M $23,756
    The Camden National Bank 190 Water Street Gardiner, ME 4345 Full Service B&M $104,285
    The Camden National Bank 7 Chandler Drive Bath, ME 4530 Full Service B&M $49,633
    The Camden National Bank 80 Exchange Street Bangor, ME 4401 Full Service B&M $164,685
    The Camden National Bank 88 Main Street Newport, ME 4953 Full Service B&M $27,344
    The Camden National Bank 9 Pond Road Manchester, ME 4351 Full Service B&M $42,129
    The Camden National Bank 9 Tenney Hill Blue Hill, ME 4614 Full Service B&M $84,267
    The Camden National Bank 96 State Street Augusta, ME 4330 Full Service B&M $50,099
    The Camden National Bank 993 Lisbon Street Lewiston, ME 4240 Full Service B&M $102,573
    The Camden National Bank Main And River Streets Bingham, ME 4920 Full Service B&M $20,795
    The Camden National Bank Union Common Union, ME 4862 Full Service B&M $59,019
    The Camden National Bank 111 Main Street Richmond, ME 4357 Full Service B&M $42,379
    The Camden National Bank 1176 Union Street Bangor, ME 4401 Full Service B&M $64,446
    The Camden National Bank 130 Community Drive Augusta, ME 4330 Full Service B&M $67,832

    For 2021, The Camden National Bank had 58 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $148,477
    Net interest income $140,285
    Total noninterest income $50,085
    Gross Fiduciary activities income $6,516
    Service charges on deposit accounts $6,626
    Trading account gains and fees $0
    Additional Noninterest Income $36,943
    Pre-tax net operating income $89,946
    Securities gains (or losses, -) $0
    Income before extraordinary items $71,569
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $71,569
    Minority interest net income $0
    Net income $71,569
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $71,569

    The Camden National Bank's gross interest income from loans was $148,477,000.
    The Camden National Bank's net interest income from loans was $140,285,000.
    The Camden National Bank's fee based income from loans was $6,626,000.
    The Camden National Bank's net income from loans was $71,569,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,192
    Provision for credit losses $-3,190
    Total noninterest expense $103,614
    Salaries and employee benefits $61,007
    Premises and equipment expense $17,164
    Additional noninterest expense $25,443
    Applicable income taxes $18,377
    Net charge-offs $792
    Cash dividends $41,700

    The Camden National Bank's interest expense for loans was $8,192,000.
    The Camden National Bank's payroll and benefits expense were $61,007,000.
    The Camden National Bank's property, plant and equipment expenses $17,164,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,643,228
    Deposits held in domestic offices $4,643,228
    Deposits by Individuals, partnerships, and corporations $4,271,644
    Deposits by U.S. Government $131
    Deposits by States and political subdivisions in the U.S. $363,682
    Deposits by Commercial banks and other depository institutions in U.S. $7,771
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,823,993
    Demand deposits $2,003,300
    Nontransaction accounts $1,819,235
    Money market deposit accounts (MMDAs) $766,726
    Other savings deposits (excluding MMDAs) $742,861
    Total time deposits $309,648
    Total time and savings deposits $2,639,928
    Noninterest-bearing deposits $1,313,904
    Interest-bearing deposits $3,329,324
    Retail deposits $4,358,936
    IRAs and Keogh plan accounts $92,191
    Brokered deposits $208,468
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,481,237
    Cash & Balances due from depository institutions $220,625
    Interest-bearing balances $181,723
    Total securities $1,508,777
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,404,033
    Loan and leases loss allowance $33,256
    Trading account assets $19,297
    Bank premises and fixed assets $55,154
    Other real estate owned $165
    Goodwill and other intangibles $99,355
    All other assets $173,831

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,481,237
    Total Liabilities $4,923,192
    Total deposits $4,643,228
    Interest-bearing deposits $3,329,324
    Deposits held in domestic offices $4,643,228
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $211,608
    Trading liabilities $0
    Other borrowed funds $4,776
    Subordinated debt $0
    All other liabilities $63,580

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,404,033
    Loan and leases loss allowance $33,256
    Total loans and leases (domestic) $3,437,289
    All real estate loans $3,052,507
    Real estate loans in domestic offices $3,052,507
    Construction and development loans $154,415
    Residential 1-4 family construction $49,808
    Other construction, all land development and other land $104,607
    Loans secured by nonfarm nonresidential properties $1,120,892
    Nonfarm nonresidential secured by owner-occupied properties $330,922
    Commercial real estate & other non-farm, non-residential $789,970
    Multifamily residential real estate $221,898
    1-4 family residential loans $1,553,724
    Farmland loans $1,578
    Loans held in foreign offices $0
    Farm loans $20,334
    Commercial and industrial loans $314,260
    To non-U.S. addressees $0
    Loans to individuals $19,530
    Credit card loans $0
    Related Plans $2,480
    Consumer Auto Loans $6,428
    Other loans to individuals $10,622
    All other loans & leases $30,658
    Loans to foreign governments and official institutions $0
    Other loans $15,941
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,352
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,392
    Non 1-4 family restructured loans & leases $312
    Total loans and leases (foreign) $0

    The Camden National Bank had $3,404,033,000 of loans outstanding in 2021. $3,052,507,000 of loans were in real estate loans. $154,415,000 of loans were in development loans. $221,898,000 of loans were in multifamily mortgage loans. $1,553,724,000 of loans were in 1-4 family mortgage loans. $20,334,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,428,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,142 $246,662 $215,991
    Nonfarm, nonresidential loans - <$100k 199 $6,922 $34,784
    Nonfarm, nonresidential loans - $100-250k 445 $52,466 $117,901
    Nonfarm, nonresidential loans - $250k-1MM 498 $187,274 $376,052
    Commercial & Industrial, US addressed loans - <$1MM 2,557 $126,309 $49,397
    Commercial & Industrial, US addressed loans - <$100k 1,893 $27,173 $14,354
    Commercial & Industrial, US addressed loans - $100-250k 360 $31,601 $87,781
    Commercial & Industrial, US addressed loans - $250k-1MM 304 $67,535 $222,155
    Farmland loans - <$1MM 12 $1,578 $131,500
    Farmland loans - <$100k 3 $78 $26,000
    Farmland loans - $100-250k 5 $578 $115,600
    Farmland loans - $250k-1MM 4 $922 $230,500
    Agriculture operations loans - <$1MM 385 $19,086 $49,574
    Agriculture operations loans - <$100k 280 $4,624 $16,514
    Agriculture operations loans - $100-250k 62 $5,629 $90,790
    Agriculture operations loans - $250k-1MM 43 $8,833 $205,419