Katahdin Trust Company
FDIC #12874
📍 Patten, Maine
Katahdin Trust Company is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 03/07/1918. With assets of $1.02 Billion, it operates 17 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: August 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
August 1, 2024
Satisfactory
September 1, 2021
Satisfactory
March 1, 2019
Satisfactory
💰 Financial Strength
Total Assets$1.02 Billion
Total Deposits$892.15 Million
Equity Capital$100.29 Million
Net Income$8.25 Million
📈 Performance
ROA1.11%
ROE11.01%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established03/07/1918
FDIC Cert12874
Holding CoKatahdin Bankshares Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 5:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2012
Name Change
Name became: Changed Institution Name To Katahdin Trust Company.
2006
Relocation
Moved HQ to: 11 Main Street, Patten, ME 04765.