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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Mortgage Data

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 Providence among others. We have data for 51 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.97% 3/28/24
30 Year Conventional Purchase 6.33% 3/28/24
30 Year Conventional Refi 6.35% 3/28/24
30 Year Cash-out Refi 6.47% 3/28/24
30 Year FHA Purchase 7.11% 3/28/24
30 Year FHA Refi 7.57% 3/28/24
30 Year VA Purchase 6.24% 3/28/24
30 Year VA Refi 7.13% 3/28/24
30 Year USDA Purchase 6.02% 3/28/24
15 Year Conventional Purchase 6.08% 3/28/24
15 Year Conventional Refi 6.18% 3/28/24
15 Year Cash-out Refi 6.18% 3/28/24
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

3,787

Origination Dollar Volume (All Markets)

$1,110,985,000

Employee count

609 Show all (9) 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) 1,135 $413,765,000 $364,551 $3,420 3.37%
Outside of Metro Areas 1,219 $278,355,000 $228,347 $3,512 3.48%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 539 $223,585,000 $414,814 $3,566 3.17%
Augusta-Waterville, ME (FHA|USDA|VA) 307 $49,695,000 $161,873 $3,542 3.40%
BANGOR, ME (FHA|USDA|VA) 203 $34,855,000 $171,700 $3,580 3.52%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 66 $22,380,000 $339,091 $4,115 3.02%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 124 $19,270,000 $155,403 $3,469 3.63%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 34 $12,070,000 $355,000 $2,854 2.93%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 21 $6,245,000 $297,381 $3,225 3.33%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 12 $5,990,000 $499,167 $3,809 3.21%
WORCESTER, MA-CT (FHA|USDA|VA) 19 $5,905,000 $310,789 $3,291 3.17%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $5,445,000 $418,846 $3,625 2.80%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $3,390,000 $847,500 $4,940 3.25%
SPRINGFIELD, MA (FHA|USDA|VA) 10 $2,900,000 $290,000 $3,195 2.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,960,000 $326,667 $4,013 2.65%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,945,000 $389,000 $4,781 3.18%
Lebanon, NH-VT (FHA|USDA|VA) 5 $1,795,000 $359,000 $3,237 2.93%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,640,000 $820,000 $6,663 3.38%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,535,000 $511,667 $4,919 3.12%
Laconia, NH (FHA|USDA|VA) 4 $1,410,000 $352,500 $3,016 3.00%
Hailey, ID (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $3,725 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,275,000 $255,000 $3,564 3.20%
Berlin, NH (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,366 3.33%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,832 3.17%
Concord, NH (FHA|USDA|VA) 5 $1,005,000 $201,000 $3,058 3.00%
PITTSFIELD, MA (FHA|USDA|VA) 2 $880,000 $440,000 $4,604 3.43%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $865,000 $288,333 $3,448 2.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $705,000 $235,000 $3,082 2.79%
Rutland, VT (FHA|USDA|VA) 2 $680,000 $340,000 $4,781 2.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $655,000 $218,333 $2,600 3.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $650,000 $325,000 $3,460 3.06%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $640,000 $320,000 $4,169 2.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $525,000 $175,000 $3,235 3.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $515,000 $515,000 $3,269 2.75%
Vineyard Haven, MA (FHA|USDA|VA) 1 $515,000 $515,000 $3,670 2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $490,000 $245,000 $3,556 3.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $475,000 $475,000 $3,592 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $475,000 $475,000 $2,921 2.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $395,000 $395,000 $3,836 3.38%
BEND, OR (FHA|USDA|VA) 1 $385,000 $385,000 $4,075 3.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $315,000 $315,000 $9,640 2.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,069 3.88%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $265,000 $265,000 $3,734 2.88%
ROANOKE, VA (FHA|USDA|VA) 1 $215,000 $215,000 $2,983 2.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,188 3.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,348 3.50%
Bennington, VT (FHA|USDA|VA) 1 $205,000 $205,000 $4,269 3.25%
MOBILE, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,663 2.75%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $135,000 $135,000 $3,428 3.13%
NEW BERN, NC (FHA|USDA|VA) 1 $105,000 $105,000 $1,420 3.00%
Barre, VT (FHA|USDA|VA) 1 $85,000 $85,000 $2,180 3.99%
The Camden National Bank's top markets include Portland, Boston, Augusta, Bangor, and Providence among others.

Their top states include:
  • Maine (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (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: 60
    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
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    CUMBERLAND COUNTY
    Similarity Rank: 176
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    CASCO
    Similarity Rank: 324
    Piscataqua Savings Bank
    Similarity Rank: 446

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,057 $996,395,000 $325,939 $3,251 3.26%
    HELOC 476 $54,250,000 $113,971 n/a 4.24%
    FHA 90 $22,820,000 $253,556 $7,681 3.07%
    VA 82 $24,500,000 $298,780 $6,489 2.91%
    USDA 82 $13,020,000 $158,780 $4,732 3.18%

    For 2020, The Camden National Bank's most frequently originated type of loan was Conventional, with 3,057 originations. Their 2nd most popular type was HELOC, with 476 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,425 $465,725,000 $326,825 $4,157 3.28%
    Refi 1,140 $363,280,000 $318,667 $2,895 3.14%
    Cash Out Refi 699 $214,445,000 $306,788 $3,256 3.42%
    Home Improvement 291 $36,395,000 $125,069 $3,336 4.16%
    Other 232 $31,140,000 $134,224 $3,014 3.97%

    For 2020, The Camden National Bank's most frequently cited loan purpose was Home Purchase, with 1,425 originations. The 2nd most popular reason was Refi, with 1,140 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,884 $883,450,000 $306,328 $3,713 3.41%
    15 Year 472 $120,120,000 $254,492 $2,926 2.87%
    20 Year 270 $57,140,000 $211,630 $2,687 3.72%
    Other 95 $24,685,000 $259,842 $2,665 3.74%
    10 Year 57 $23,075,000 $404,825 $2,885 3.19%
    5 Year 4 $650,000 $162,500 $0 4.73%
    30+ year 4 $1,830,000 $457,500 $7,035 4.06%
    3 Year 1 $35,000 $35,000 $0 4.19%

    For 2020, The Camden National Bank's most frequently cited loan duration was 30 Year, with 2,884 originations. The 2nd most popular length was 15 Year, with 472 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,672 $879,490,000 $329,150
    $1k-2k 214 $42,490,000 $198,551
    $3k-4k 85 $28,665,000 $337,235
    $2k-3k 64 $15,060,000 $235,313
    $4k-5k 24 $14,240,000 $593,333
    $5k+ 8 $3,270,000 $408,750

    The Camden National Bank's average total fees were $3,713, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,672 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,911 $588,855,000 $308,140
    2.5-3% 1,235 $381,295,000 $308,741
    4-5% 379 $67,575,000 $178,298
    <2.5% 212 $66,940,000 $315,755
    5-6% 39 $5,365,000 $137,564
    6-7% 11 $955,000 $86,818

    During 2020, The Camden National Bank's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 3-4%, with 1,911 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,412 $405,480,000 $287,167 $3,391 3.19%
    $100k-200k 1,072 $160,340,000 $149,571 $3,189 3.41%
    $100,000 or less 537 $34,595,000 $64,423 $2,697 3.99%
    $400k-600k 499 $237,215,000 $475,381 $3,835 3.13%
    $600k-1MM 185 $138,795,000 $750,243 $4,704 3.44%
    $1MM+ 82 $134,560,000 $1,640,976 $6,619 3.34%

    2020 saw The Camden National Bank place emphasis on $200k-400k loans with 1,412 originations, totaling $405,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 798 $216,140,000 $270,852 $3,411 3.34%
    $50k-75k 688 $118,910,000 $172,834 $3,303 3.38%
    $150k-250k 653 $227,445,000 $348,308 $3,476 3.32%
    $250k+ 560 $332,510,000 $593,768 $4,071 3.35%
    $75k-100k 543 $122,435,000 $225,479 $3,504 3.35%
    $50k or less 376 $44,820,000 $119,202 $3,308 3.45%

    The Camden National Bank lent most frequently to those with incomes in the $100k-150k range, with 798 originations. The second most popular income band? $50k-75k, with 688 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 938 $269,230,000 $287,026 $3,270 3.26%
    30-36% 674 $185,880,000 $275,786 $3,479 3.32%
    <20% 393 $141,565,000 $360,216 $3,379 3.25%
    39% 151 $39,495,000 $261,556 $3,495 3.44%
    44% 145 $36,895,000 $254,448 $3,446 3.47%
    42% 129 $35,855,000 $277,946 $3,775 3.46%
    40% 128 $43,580,000 $340,469 $3,651 3.33%
    36% 123 $33,985,000 $276,301 $3,342 3.36%
    41% 122 $34,880,000 $285,902 $3,670 3.41%
    46% 122 $32,600,000 $267,213 $3,749 3.55%
    43% 121 $38,165,000 $315,413 $3,983 3.46%
    47% 120 $33,310,000 $277,583 $3,828 3.74%
    37% 118 $34,570,000 $292,966 $3,723 3.48%
    45% 117 $35,385,000 $302,436 $3,447 3.54%
    38% 114 $32,430,000 $284,474 $3,847 3.38%
    48% 64 $21,790,000 $340,469 $3,751 3.26%
    49% 62 $15,370,000 $247,903 $3,334 3.23%
    50-60% 22 $7,580,000 $344,545 $6,471 3.24%
    >60% 1 $465,000 $465,000 $3,624 2.25%

    The Camden National Bank lent most frequently to those with DTI ratios of 20-30%, with 938 originations. The next most common DTI ratio? 30-36%, with 674 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,209 $935,065,000 $291,388 $3,491 3.37%
    Not provided 461 $130,245,000 $282,527 $3,564 3.27%
    Not applicable 71 $27,995,000 $394,296 $0 4.04%
    Asian 23 $7,535,000 $327,609 $3,667 3.39%
    American Indian 4 $4,960,000 $1,240,000 $5,070 3.21%
    Black 16 $4,580,000 $286,250 $4,478 3.31%
    Asian Indian 2 $550,000 $275,000 $2,718 2.94%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    94.15%

    The Camden National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.93%

    The Camden National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,787 $1,110,985,000 $293,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $16,740,000 $760,909
    Single Family (1-4 Units):Manufactured 50 $6,170,000 $123,400
    Single Family (1-4 Units):Site-Built 3,715 $1,088,075,000 $292,887

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 355 $60,005,000 $169,028 $3,020 3.58%
    40-60% 666 $184,730,000 $277,372 $3,043 3.23%
    60-80% 1,569 $555,345,000 $353,948 $3,321 3.35%
    80-100% 977 $283,385,000 $290,056 $3,999 3.26%
    Over 100% 26 $13,530,000 $520,385 $14,345 3.22%
    Under 20% 194 $13,990,000 $72,113 $2,367 4.23%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Camden National Bank 2530 Us Route 2 Hermon, ME 4401 Full Service B&M $28,456
    The Camden National Bank 17 Belmont Avenue Belfast, ME 4915 Full Service B&M $26,241
    The Camden National Bank 1768 Atlantic Highway Waldoboro, ME 4572 Full Service B&M $57,696
    The Camden National Bank 268 Water Street Randolph, ME 4346 Full Service B&M $16,559
    The Camden National Bank 29 Main Street Milbridge, ME 4658 Full Service B&M $33,296
    The Camden National Bank 3 Myrick Street Ellsworth, ME 4605 Full Service B&M $30,282
    The Camden National Bank 3 Atlantic Avenue Stonington, ME 4681 Full Service B&M $29,579
    The Camden National Bank 300 Main Street Rockland, ME 4841 Full Service B&M $198,556
    The Camden National Bank 330 Main Street Old Town, ME 4468 Full Service B&M $51,595
    The Camden National Bank 344 Main Street Calais, ME 4619 Full Service B&M $17,629
    The Camden National Bank 66 Eastern Avenue Augusta, ME 4330 Full Service B&M $58,873
    The Camden National Bank 66 Main Street Ellsworth, ME 4605 Full Service B&M $86,047
    The Camden National Bank 659 Route 1 York, ME 3909 Full Service B&M $39,554
    The Camden National Bank 106 Main Street Thomaston, ME 4861 Full Service B&M $51,769
    The Camden National Bank 1083 West Main Street Dover Foxcroft, ME 4426 Full Service B&M $57,595
    The Camden National Bank 111 Main Street Richmond, ME 4357 Full Service B&M $37,682
    The Camden National Bank 1176 Union Street Bangor, ME 4401 Full Service B&M $57,209
    The Camden National Bank 130 Community Drive Augusta, ME 4330 Full Service B&M $56,428
    The Camden National Bank 1316 State Highway 102 Bar Harbor, ME 4609 Full Service B&M $28,616
    The Camden National Bank 137 Main Street Brunswick, ME 4011 Full Service B&M $27,762
    The Camden National Bank 14 Winthrop Street Hallowell, ME 4347 Full Service B&M $27,672
    The Camden National Bank 145 Elm Street Camden, ME 4843 Full Service B&M $80,027
    The Camden National Bank 15 Parkway South Brewer, ME 4412 Full Service B&M $40,034
    The Camden National Bank 150 Main Street Waterville, ME 4901 Full Service B&M $50,745
    The Camden National Bank 16 Topsham Fair Mall Road Topsham, ME 4086 Full Service B&M $42,070
    The Camden National Bank 178 Court Street Auburn, ME 4210 Full Service B&M $84,071
    The Camden National Bank 189 Townsend Avenue Boothbay Harbor, ME 4538 Full Service B&M $21,852
    The Camden National Bank 19 Water Street Castine, ME 4421 Full Service B&M $25,324
    The Camden National Bank 190 Water Street Gardiner, ME 4345 Full Service B&M $94,618
    The Camden National Bank 2 Canal Plaza Portland, ME 4101 Full Service B&M $600,647
    The Camden National Bank 2 Elm Street Camden, ME 4843 Full Service B&M $698,446
    The Camden National Bank 2 Main Street Winthrop, ME 4364 Full Service B&M $29,956
    The Camden National Bank 20 Lily Bay Rd Greenville, ME 4441 Full Service B&M $34,449
    The Camden National Bank 21 Armory Street Augusta, ME 4330 Full Service B&M $36,354
    The Camden National Bank 210 Commerce Way Suite 350 Portsmouth, NH 3801 Full Service B&M $41,570
    The Camden National Bank 240 Us Route 1 Falmouth, ME 4105 Full Service B&M $25,627
    The Camden National Bank 258 Kennedy Memorial Drive Waterville, ME 4901 Full Service B&M $38,153
    The Camden National Bank 36 Portland Road, P.O. Box 1130 Kennebunk, ME 4043 Full Service B&M $74,038
    The Camden National Bank 374 Maine Street Belfast, ME 4915 Full Service B&M $110,382
    The Camden National Bank 382 Main Street Bucksport, ME 4416 Full Service B&M $28,988
    The Camden National Bank 435 Main Street Damariscotta, ME 4543 Full Service B&M $45,806
    The Camden National Bank 51 Main Street Jonesport, ME 4649 Full Service B&M $19,008
    The Camden National Bank 51 Main Street Oakland, ME 4963 Full Service B&M $32,730
    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 $34,571
    The Camden National Bank 53 Main Street Madison, ME 4950 Full Service B&M $23,906
    The Camden National Bank 6 Gurnet Road Brunswick, ME 4011 Full Service B&M $29,397
    The Camden National Bank 6 M And M Place Machias, ME 4654 Full Service B&M $4,058
    The Camden National Bank 6 Main Street Vinalhaven, ME 4863 Full Service B&M $29,436
    The Camden National Bank 640 Main Street Saco, ME 4072 Full Service B&M $77,973
    The Camden National Bank 7 Chandler Drive Bath, ME 4530 Full Service B&M $47,635
    The Camden National Bank 80 Exchange Street Bangor, ME 4401 Full Service B&M $154,338
    The Camden National Bank 88 Main Street Newport, ME 4953 Full Service B&M $26,279
    The Camden National Bank 9 Pond Road Manchester, ME 4351 Full Service B&M $39,005
    The Camden National Bank 9 Tenney Hill Blue Hill, ME 4614 Full Service B&M $71,511
    The Camden National Bank 96 State Street Augusta, ME 4330 Full Service B&M $44,760
    The Camden National Bank 993 Lisbon Street Lewiston, ME 4240 Full Service B&M $96,247
    The Camden National Bank Main And River Streets Bingham, ME 4920 Full Service B&M $17,669
    The Camden National Bank Union Common Union, ME 4862 Full Service B&M $47,054

    For 2020, The Camden National Bank had 59 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $157,135
    Net interest income $140,002
    Total noninterest income $50,605
    Gross Fiduciary activities income $6,115
    Service charges on deposit accounts $6,697
    Trading account gains and fees $0
    Additional Noninterest Income $37,793
    Pre-tax net operating income $78,542
    Securities gains (or losses, -) $0
    Income before extraordinary items $62,699
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $62,699
    Minority interest net income $0
    Net income $62,699
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $62,699

    The Camden National Bank's gross interest income from loans was $157,135,000.
    The Camden National Bank's net interest income from loans was $140,002,000.
    The Camden National Bank's fee based income from loans was $6,697,000.
    The Camden National Bank's net income from loans was $62,699,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,133
    Provision for credit losses $13,215
    Total noninterest expense $98,850
    Salaries and employee benefits $57,938
    Premises and equipment expense $16,661
    Additional noninterest expense $24,251
    Applicable income taxes $15,843
    Net charge-offs $754
    Cash dividends $39,400

    The Camden National Bank's interest expense for loans was $17,133,000.
    The Camden National Bank's payroll and benefits expense were $57,938,000.
    The Camden National Bank's property, plant and equipment expenses $16,661,000.

    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 $4,038,851
    Deposits held in domestic offices $4,038,851
    Deposits by Individuals, partnerships, and corporations $3,717,201
    Deposits by U.S. Government $87
    Deposits by States and political subdivisions in the U.S. $315,897
    Deposits by Commercial banks and other depository institutions in U.S. $5,666
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $652,403
    Demand deposits $502,483
    Nontransaction accounts $3,386,448
    Money market deposit accounts (MMDAs) $2,424,105
    Other savings deposits (excluding MMDAs) $604,677
    Total time deposits $357,666
    Total time and savings deposits $3,536,368
    Noninterest-bearing deposits $826,157
    Interest-bearing deposits $3,212,694
    Retail deposits $3,847,242
    IRAs and Keogh plan accounts $85,181
    Brokered deposits $283,567
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,873,592
    Cash & Balances due from depository institutions $144,023
    Interest-bearing balances $94,499
    Total securities $1,117,110
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,223,514
    Loan and leases loss allowance $37,865
    Trading account assets $39,627
    Bank premises and fixed assets $58,443
    Other real estate owned $236
    Goodwill and other intangibles $99,736
    All other assets $190,903

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,873,591
    Total Liabilities $4,314,771
    Total deposits $4,038,851
    Interest-bearing deposits $3,212,694
    Deposits held in domestic offices $4,038,851
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $162,439
    Trading liabilities $0
    Other borrowed funds $29,928
    Subordinated debt $0
    All other liabilities $83,553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,223,514
    Loan and leases loss allowance $37,865
    Total loans and leases (domestic) $3,261,379
    All real estate loans $2,774,491
    Real estate loans in domestic offices $2,774,491
    Construction and development loans $139,233
    Residential 1-4 family construction $21,113
    Other construction, all land development and other land $118,120
    Loans secured by nonfarm nonresidential properties $1,066,396
    Nonfarm nonresidential secured by owner-occupied properties $292,857
    Commercial real estate & other non-farm, non-residential $773,539
    Multifamily residential real estate $166,391
    1-4 family residential loans $1,401,274
    Farmland loans $1,197
    Loans held in foreign offices $0
    Farm loans $22,106
    Commercial and industrial loans $404,918
    To non-U.S. addressees $0
    Loans to individuals $20,472
    Credit card loans $0
    Related Plans $763
    Consumer Auto Loans $6,992
    Other loans to individuals $12,717
    All other loans & leases $40,685
    Loans to foreign governments and official institutions $0
    Other loans $18,587
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,366
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,818
    Non 1-4 family restructured loans & leases $566
    Total loans and leases (foreign) $0

    The Camden National Bank had $3,223,514,000 of loans outstanding in 2020. $2,774,491,000 of loans were in real estate loans. $139,233,000 of loans were in development loans. $166,391,000 of loans were in multifamily mortgage loans. $1,401,274,000 of loans were in 1-4 family mortgage loans. $22,106,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,992,000 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 1,216 $258,402 $212,502
    Nonfarm, nonresidential loans - <$100k 225 $8,353 $37,124
    Nonfarm, nonresidential loans - $100-250k 484 $58,765 $121,415
    Nonfarm, nonresidential loans - $250k-1MM 507 $191,284 $377,286
    Commercial & Industrial, US addressed loans - <$1MM 4,040 $189,419 $46,886
    Commercial & Industrial, US addressed loans - <$100k 3,195 $52,574 $16,455
    Commercial & Industrial, US addressed loans - $100-250k 455 $41,565 $91,352
    Commercial & Industrial, US addressed loans - $250k-1MM 390 $95,280 $244,308
    Farmland loans - <$1MM 11 $1,197 $108,818
    Farmland loans - <$100k 4 $152 $38,000
    Farmland loans - $100-250k 4 $473 $118,250
    Farmland loans - $250k-1MM 3 $572 $190,667
    Agriculture operations loans - <$1MM 426 $19,372 $45,474
    Agriculture operations loans - <$100k 321 $4,463 $13,903
    Agriculture operations loans - $100-250k 64 $6,137 $95,891
    Agriculture operations loans - $250k-1MM 41 $8,772 $213,951