The Camden National Bank Mortgage Rates, Fees & Info

Camden, ME

LEI: 549300VMVKSQE1B7DD43

Tax ID: 01-0039505

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The Camden National Bank is a smaller bank specializing in Home Purchase and Cash Out 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, Manchester, Augusta, and Bangor among others. We have data for 44 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 a low 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) 5.97% 4/21/24
    30 Year Conventional Purchase 6.33% 4/21/24
    30 Year Conventional Refi 6.35% 4/21/24
    30 Year Cash-out Refi 6.47% 4/21/24
    30 Year FHA Purchase 7.11% 4/21/24
    30 Year FHA Refi 7.57% 4/21/24
    30 Year VA Purchase 6.24% 4/21/24
    30 Year VA Refi 7.13% 4/21/24
    30 Year USDA Purchase 6.02% 4/21/24
    15 Year Conventional Purchase 6.08% 4/21/24
    15 Year Conventional Refi 6.18% 4/21/24
    15 Year Cash-out Refi 6.18% 4/21/24
    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.

    The Camden National Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Camden National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,004

    Origination Dollar Volume (All Markets)

    $752,140,000

    Employee count

    630 Show all (7) awards

    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) 741 $234,485,000 $316,444 $3,682 4.43%
    Outside of Metro Areas 1,148 $201,110,000 $175,183 $3,394 4.50%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 345 $149,315,000 $432,797 $3,796 4.22%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 12 $42,280,000 $3,523,333 $3,109 4.56%
    Augusta-Waterville, ME (FHA|USDA|VA) 326 $40,360,000 $123,804 $3,455 4.40%
    BANGOR, ME (FHA|USDA|VA) 198 $24,990,000 $126,212 $3,174 4.65%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 125 $17,035,000 $136,280 $3,752 4.52%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 33 $10,525,000 $318,939 $4,660 4.07%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 16 $6,770,000 $423,125 $3,625 4.16%
    RICHMOND, VA (FHA|USDA|VA) 1 $4,255,000 $4,255,000 $0 4.12%
    WORCESTER, MA-CT (FHA|USDA|VA) 14 $3,860,000 $275,714 $3,244 4.23%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $3,125,000 $625,000 $4,724 4.05%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $2,270,000 $567,500 $5,557 4.25%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $895,000 $298,333 $3,491 3.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $790,000 $395,000 $3,810 4.43%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,780 4.44%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $755,000 $755,000 $4,209 3.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $665,000 $665,000 $4,512 4.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $665,000 $665,000 $5,178 4.12%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $565,000 $565,000 $3,041 3.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $545,000 $545,000 $3,691 3.75%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $515,000 $515,000 $6,439 3.99%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $505,000 $505,000 $5,390 3.38%
    Berlin, NH (FHA|USDA|VA) 1 $475,000 $475,000 $3,065 5.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $2,035 3.38%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $350,000 $175,000 $2,869 3.50%
    Concord, NH (FHA|USDA|VA) 1 $335,000 $335,000 $3,385 4.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $325,000 $325,000 $2,313 3.88%
    Bennington, VT (FHA|USDA|VA) 1 $305,000 $305,000 $3,729 3.75%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $295,000 $295,000 $4,553 3.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $245,000 $245,000 $3,535 4.00%
    Nogales, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $3,965 4.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.71%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,010 4.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $215,000 $215,000 $3,972 4.50%
    Hudson, NY (FHA|USDA|VA) 1 $205,000 $205,000 $4,700 4.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,044 4.13%
    Laconia, NH (FHA|USDA|VA) 1 $195,000 $195,000 $2,727 3.25%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,807 4.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $195,000 $195,000 $3,324 3.88%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $175,000 $175,000 $3,337 4.38%
    Keene, NH (FHA|USDA|VA) 1 $145,000 $145,000 $2,910 3.50%
    West Plains, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,440 4.75%
    Sterling, CO (FHA|USDA|VA) 1 $75,000 $75,000 $4,282 3.63%
    The Camden National Bank's top markets include Portland, Boston, Manchester, Augusta, and Bangor among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)

    • 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: 6
    SOMERSET
    Similarity Rank: 26
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    MAINE HIGHLANDS FEDERAL CREDIT UNION
    Similarity Rank: 99
    Rhode Island Credit Union
    Similarity Rank: 116
    CASCO
    Similarity Rank: 126
    First Ipswich Bank
    Similarity Rank: 139
    Piscataqua Savings Bank
    Similarity Rank: 170
    LEOMINSTER CREDIT UNION
    Similarity Rank: 180
    Maine Savings Federal Credit Union
    Similarity Rank: 189

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,843 $574,465,000 $311,701 $3,154 4.43%
    HELOC 872 $118,260,000 $135,619 n/a 4.61%
    FHA 149 $30,605,000 $205,403 $6,703 4.08%
    VA 76 $18,900,000 $248,684 $5,292 3.96%
    USDA 64 $9,910,000 $154,844 $4,547 3.77%

    For 2019, The Camden National Bank's most frequently originated type of loan was Conventional, with 1,843 originations. Their 2nd most popular type was HELOC, with 872 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,309 $431,385,000 $329,553 $4,087 4.34%
    Cash Out Refi 632 $151,750,000 $240,111 $3,044 4.44%
    Home Improvement 402 $31,930,000 $79,428 $1,404 4.79%
    Other 333 $33,155,000 $99,565 $1,808 4.71%
    Refi 328 $103,920,000 $316,829 $3,089 4.15%

    For 2019, The Camden National Bank's most frequently cited loan purpose was Home Purchase, with 1,309 originations. The 2nd most popular reason was Cash Out Refi, with 632 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,334 $613,270,000 $262,755 $4,065 4.29%
    20 Year 371 $46,145,000 $124,380 $1,366 5.41%
    15 Year 164 $37,160,000 $226,585 $2,981 4.04%
    Other 92 $17,940,000 $195,000 $1,904 4.82%
    10 Year 25 $34,255,000 $1,370,200 $2,619 4.42%
    1 Year 10 $1,810,000 $181,000 $0 5.60%
    30+ year 5 $1,095,000 $219,000 $6,071 4.75%
    5 Year 3 $465,000 $155,000 $0 4.39%

    For 2019, The Camden National Bank's most frequently cited loan duration was 30 Year, with 2,334 originations. The 2nd most popular length was 20 Year, with 371 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,643 $480,905,000 $292,699
    $1k-2k 113 $21,665,000 $191,726
    $3k-4k 48 $14,580,000 $303,750
    $2k-3k 35 $7,815,000 $223,286
    $4k-5k 14 $6,390,000 $456,429
    $5k+ 12 $6,290,000 $524,167

    The Camden National Bank's average total fees were $4,065, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,643 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,350 $372,970,000 $276,274
    4-5% 982 $297,470,000 $302,923
    5-6% 555 $71,835,000 $129,432
    6-7% 86 $7,660,000 $89,070
    7-8% 29 $1,625,000 $56,034
    2.5-3% 2 $580,000 $290,000

    During 2019, The Camden National Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 3-4%, with 1,350 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 913 $50,605,000 $55,427 $1,772 4.76%
    $100k-200k 882 $126,260,000 $143,152 $3,343 4.47%
    $200k-400k 767 $214,665,000 $279,876 $3,958 4.24%
    $400k-600k 251 $121,405,000 $483,685 $4,193 4.05%
    $600k-1MM 128 $95,330,000 $744,766 $4,773 4.07%
    $1MM+ 63 $143,875,000 $2,283,730 $6,203 3.98%

    2019 saw The Camden National Bank place emphasis on $100,000 or less loans with 913 originations, totaling $50,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 625 $86,675,000 $138,680 $3,402 4.40%
    $100k-150k 553 $128,125,000 $231,691 $3,546 4.43%
    $50k or less 453 $43,575,000 $96,192 $3,228 4.37%
    $150k-250k 423 $131,995,000 $312,045 $3,626 4.53%
    $75k-100k 400 $69,210,000 $173,025 $3,585 4.48%
    $250k+ 360 $190,310,000 $528,639 $4,138 4.30%

    The Camden National Bank lent most frequently to those with incomes in the $50k-75k range, with 625 originations. The second most popular income band? $100k-150k, with 553 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 594 $137,440,000 $231,380 $3,335 4.36%
    30-36% 504 $112,650,000 $223,512 $3,511 4.43%
    <20% 270 $66,790,000 $247,370 $3,194 4.30%
    47% 137 $27,955,000 $204,051 $3,158 4.46%
    44% 125 $28,485,000 $227,880 $3,940 4.40%
    42% 116 $26,680,000 $230,000 $3,241 4.48%
    46% 116 $25,360,000 $218,621 $3,434 4.50%
    45% 114 $26,530,000 $232,719 $4,014 4.57%
    41% 114 $25,480,000 $223,509 $3,619 4.47%
    43% 114 $25,650,000 $225,000 $3,668 4.38%
    40% 110 $24,910,000 $226,455 $3,413 4.58%
    37% 98 $24,560,000 $250,612 $3,715 4.55%
    39% 97 $25,835,000 $266,340 $3,606 4.47%
    38% 95 $20,195,000 $212,579 $4,119 4.45%
    36% 93 $20,025,000 $215,323 $3,442 4.42%
    50-60% 54 $13,250,000 $245,370 $6,049 4.14%
    48% 44 $10,240,000 $232,727 $4,017 4.25%
    49% 40 $11,020,000 $275,500 $3,921 4.24%
    >60% 5 $1,315,000 $263,000 $2,008 4.90%

    The Camden National Bank lent most frequently to those with DTI ratios of 20-30%, with 594 originations. The next most common DTI ratio? 30-36%, with 504 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,661 $596,755,000 $224,260 $3,549 4.42%
    Not applicable 108 $87,650,000 $811,574 $0 4.95%
    Not provided 187 $53,095,000 $283,930 $3,792 4.39%
    Asian 21 $6,735,000 $320,714 $3,548 4.46%
    Black 18 $5,610,000 $311,667 $4,403 4.54%
    American Indian 6 $1,520,000 $253,333 $3,803 4.46%
    Chinese 1 $515,000 $515,000 $0 4.38%
    Other Asian 1 $195,000 $195,000 $3,324 3.88%
    Vietnamese 1 $65,000 $65,000 $0 6.63%

    Approval Rates

    Total approvals of all applications
    90.74%

    The Camden National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.76%

    The Camden National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,004 $752,140,000 $250,379

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,970,000 $985,000
    Multifamily:Site-Built 22 $71,190,000 $3,235,909
    Single Family (1-4 Units):Manufactured 60 $5,880,000 $98,000
    Single Family (1-4 Units):Site-Built 2,920 $673,100,000 $230,514

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 413 $45,105,000 $109,213 $1,932 4.67%
    40-60% 392 $94,860,000 $241,990 $2,852 4.28%
    60-80% 917 $339,665,000 $370,409 $3,511 4.38%
    80-100% 842 $226,470,000 $268,967 $4,323 4.22%
    Over 100% 20 $6,300,000 $315,000 $8,711 4.40%
    Under 20% 376 $20,860,000 $55,479 $758 4.90%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Camden National Bank 106 Main Street Thomaston, ME 4861 Full Service B&M $45,121
    The Camden National Bank 300 Main Street Rockland, ME 4841 Full Service B&M $174,217
    The Camden National Bank 6 M And M Place Machias, ME 4654 Full Service B&M $3,503
    The Camden National Bank 6 Main Street Vinalhaven, ME 4863 Full Service B&M $24,465
    The Camden National Bank 19 Water Street Castine, ME 4421 Full Service B&M $21,435
    The Camden National Bank 190 Water Street Gardiner, ME 4345 Full Service B&M $93,097
    The Camden National Bank 330 Main Street Old Town, ME 4468 Full Service B&M $40,086
    The Camden National Bank 344 Main Street Calais, ME 4619 Full Service B&M $16,965
    The Camden National Bank 63 Union Street Rockland, ME 4841 Full Service B&M $0
    The Camden National Bank 1083 West Main Street Dover Foxcroft, ME 4426 Full Service B&M $35,065
    The Camden National Bank 111 Main Street Richmond, ME 4357 Full Service B&M $31,457
    The Camden National Bank 1176 Union Street Bangor, ME 4401 Full Service B&M $32,901
    The Camden National Bank 130 Community Drive Augusta, ME 4330 Full Service B&M $40,344
    The Camden National Bank 1316 State Highway 102 Bar Harbor, ME 4609 Full Service B&M $24,592
    The Camden National Bank 137 Main Street Brunswick, ME 4011 Full Service B&M $26,101
    The Camden National Bank 14 Winthrop Street Hallowell, ME 4347 Full Service B&M $24,223
    The Camden National Bank 145 Elm Street Camden, ME 4843 Full Service B&M $71,530
    The Camden National Bank 15 Parkway South Brewer, ME 4412 Full Service B&M $34,648
    The Camden National Bank 150 Main Street Waterville, ME 4901 Full Service B&M $38,961
    The Camden National Bank 16 Topsham Fair Mall Road Topsham, ME 4086 Full Service B&M $58,964
    The Camden National Bank 17 Belmont Avenue Belfast, ME 4915 Full Service B&M $23,084
    The Camden National Bank 1768 Atlantic Highway Waldoboro, ME 4572 Full Service B&M $50,448
    The Camden National Bank 178 Court Street Auburn, ME 4210 Full Service B&M $68,997
    The Camden National Bank 189 Townsend Avenue Boothbay Harbor, ME 4538 Full Service B&M $18,189
    The Camden National Bank 2 Canal Plaza Portland, ME 4101 Full Service B&M $554,413
    The Camden National Bank 2 Elm Street Camden, ME 4843 Full Service B&M $769,031
    The Camden National Bank 2 Main Street Winthrop, ME 4364 Full Service B&M $28,641
    The Camden National Bank 20 Lily Bay Rd Greenville, ME 4441 Full Service B&M $34,585
    The Camden National Bank 21 Armory Street Augusta, ME 4330 Full Service B&M $31,364
    The Camden National Bank 240 Us Route 1 Falmouth, ME 4105 Full Service B&M $18,263
    The Camden National Bank 2530 Us Route 2 Hermon, ME 4401 Full Service B&M $23,193
    The Camden National Bank 258 Kennedy Memorial Drive Waterville, ME 4901 Full Service B&M $32,944
    The Camden National Bank 268 Water Street Randolph, ME 4346 Full Service B&M $13,694
    The Camden National Bank 29 Main Street Milbridge, ME 4658 Full Service B&M $31,116
    The Camden National Bank 3 Atlantic Avenue Stonington, ME 4681 Full Service B&M $28,041
    The Camden National Bank 3 Myrick Street Ellsworth, ME 4605 Full Service B&M $28,802
    The Camden National Bank 317 Main Street Corinth, ME 4427 Full Service B&M $13,770
    The Camden National Bank 36 Portland Road, P.O. Box 1130 Kennebunk, ME 4043 Full Service B&M $50,226
    The Camden National Bank 374 Maine Street Belfast, ME 4915 Full Service B&M $92,336
    The Camden National Bank 382 Main Street Bucksport, ME 4416 Full Service B&M $31,192
    The Camden National Bank 4 Coastal Market Drive Damariscotta, ME 4543 Full Service B&M $44,715
    The Camden National Bank 51 Main Street Jonesport, ME 4649 Full Service B&M $15,860
    The Camden National Bank 51 Main Street Oakland, ME 4963 Full Service B&M $25,250
    The Camden National Bank 511 Congress Street Portland, ME 4101 Full Service B&M $0
    The Camden National Bank 52 Bath Road Wiscasset, ME 4578 Full Service B&M $30,399
    The Camden National Bank 53 Main Street Madison, ME 4950 Full Service B&M $22,630
    The Camden National Bank 53 Main Street Milo, ME 4463 Full Service B&M $13,840
    The Camden National Bank 58 North Hampden, ME 4444 Full Service B&M $10,150
    The Camden National Bank 6 Gurnet Road Brunswick, ME 4011 Full Service B&M $25,912
    The Camden National Bank 640 Main Street Saco, ME 4072 Full Service B&M $36,506
    The Camden National Bank 659 Route 1 York, ME 3909 Full Service B&M $51,249
    The Camden National Bank 66 Eastern Avenue Augusta, ME 4330 Full Service B&M $49,798
    The Camden National Bank 66 Main Street Ellsworth, ME 4605 Full Service B&M $86,486
    The Camden National Bank 7 Chandler Drive Bath, ME 4530 Full Service B&M $42,459
    The Camden National Bank 80 Exchange Street Bangor, ME 4401 Full Service B&M $87,227
    The Camden National Bank 88 Main Street Newport, ME 4953 Full Service B&M $20,865
    The Camden National Bank 9 Pond Road Manchester, ME 4351 Full Service B&M $31,924
    The Camden National Bank 9 Tenney Hill Blue Hill, ME 4614 Full Service B&M $66,123
    The Camden National Bank 96 State Street Augusta, ME 4330 Full Service B&M $38,537
    The Camden National Bank 993 Lisbon Street Lewiston, ME 4240 Full Service B&M $77,611
    The Camden National Bank Main And River Streets Bingham, ME 4920 Full Service B&M $15,558
    The Camden National Bank Union Common Union, ME 4862 Full Service B&M $46,413

    For 2019, The Camden National Bank had 62 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $168,318
    Net interest income $130,627
    Total noninterest income $41,463
    Gross Fiduciary activities income $5,901
    Service charges on deposit accounts $8,393
    Trading account gains and fees $0
    Additional Noninterest Income $27,169
    Pre-tax net operating income $74,624
    Securities gains (or losses, -) $-105
    Income before extraordinary items $59,480
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $59,480
    Minority interest net income $0
    Net income $59,480
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $59,564

    The Camden National Bank's gross interest income from loans was $168,318,000.
    The Camden National Bank's net interest income from loans was $130,627,000.
    The Camden National Bank's fee based income from loans was $8,393,000.
    The Camden National Bank's net income from loans was $59,480,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $37,691
    Provision for credit losses $2,862
    Total noninterest expense $94,604
    Salaries and employee benefits $54,489
    Premises and equipment expense $15,429
    Additional noninterest expense $24,686
    Applicable income taxes $15,039
    Net charge-offs $2,403
    Cash dividends $36,900

    The Camden National Bank's interest expense for loans was $37,691,000.
    The Camden National Bank's payroll and benefits expense were $54,489,000.
    The Camden National Bank's property, plant and equipment expenses $15,429,000.

    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 $3,568,290
    Deposits held in domestic offices $3,568,290
    Deposits by Individuals, partnerships, and corporations $3,188,478
    Deposits by U.S. Government $42
    Deposits by States and political subdivisions in the U.S. $373,088
    Deposits by Commercial banks and other depository institutions in U.S. $6,682
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $463,322
    Demand deposits $339,717
    Nontransaction accounts $3,104,968
    Money market deposit accounts (MMDAs) $2,035,375
    Other savings deposits (excluding MMDAs) $474,044
    Total time deposits $595,549
    Total time and savings deposits $3,228,573
    Noninterest-bearing deposits $583,137
    Interest-bearing deposits $2,985,153
    Retail deposits $3,319,266
    IRAs and Keogh plan accounts $95,958
    Brokered deposits $191,005
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,410,250
    Cash & Balances due from depository institutions $75,623
    Interest-bearing balances $36,037
    Total securities $919,420
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,081,706
    Loan and leases loss allowance $25,171
    Trading account assets $17,756
    Bank premises and fixed assets $56,340
    Other real estate owned $94
    Goodwill and other intangibles $99,099
    All other assets $160,212

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,410,250
    Total Liabilities $3,901,101
    Total deposits $3,568,290
    Interest-bearing deposits $2,985,153
    Deposits held in domestic offices $3,568,290
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $237,984
    Trading liabilities $514
    Other borrowed funds $55,548
    Subordinated debt $0
    All other liabilities $38,765

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,081,706
    Loan and leases loss allowance $25,171
    Total loans and leases (domestic) $3,106,877
    All real estate loans $2,701,560
    Real estate loans in domestic offices $2,701,560
    Construction and development loans $106,542
    Residential 1-4 family construction $18,125
    Other construction, all land development and other land $88,417
    Loans secured by nonfarm nonresidential properties $996,291
    Nonfarm nonresidential secured by owner-occupied properties $297,037
    Commercial real estate & other non-farm, non-residential $699,254
    Multifamily residential real estate $153,613
    1-4 family residential loans $1,443,466
    Farmland loans $1,648
    Loans held in foreign offices $0
    Farm loans $22,047
    Commercial and industrial loans $338,924
    To non-U.S. addressees $0
    Loans to individuals $24,549
    Credit card loans $0
    Related Plans $1,198
    Consumer Auto Loans $8,269
    Other loans to individuals $15,082
    All other loans & leases $22,857
    Loans to foreign governments and official institutions $0
    Other loans $7,365
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,899
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,993
    Non 1-4 family restructured loans & leases $612
    Total loans and leases (foreign) $0

    The Camden National Bank had $3,081,706,000 of loans outstanding in 2019. $2,701,560,000 of loans were in real estate loans. $106,542,000 of loans were in development loans. $153,613,000 of loans were in multifamily mortgage loans. $1,443,466,000 of loans were in 1-4 family mortgage loans. $22,047,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,269,000 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 1,288 $268,685 $208,606
    Nonfarm, nonresidential loans - <$100k 247 $9,355 $37,874
    Nonfarm, nonresidential loans - $100-250k 517 $64,374 $124,515
    Nonfarm, nonresidential loans - $250k-1MM 524 $194,956 $372,053
    Commercial & Industrial, US addressed loans - <$1MM 2,482 $133,129 $53,638
    Commercial & Industrial, US addressed loans - <$100k 1,778 $24,553 $13,809
    Commercial & Industrial, US addressed loans - $100-250k 361 $30,892 $85,573
    Commercial & Industrial, US addressed loans - $250k-1MM 343 $77,684 $226,484
    Farmland loans - <$1MM 11 $1,274 $115,818
    Farmland loans - <$100k 4 $171 $42,750
    Farmland loans - $100-250k 5 $652 $130,400
    Farmland loans - $250k-1MM 2 $451 $225,500
    Agriculture operations loans - <$1MM 346 $18,512 $53,503
    Agriculture operations loans - <$100k 243 $3,833 $15,774
    Agriculture operations loans - $100-250k 68 $6,713 $98,721
    Agriculture operations loans - $250k-1MM 35 $7,966 $227,600