Katahdin Bankshares Reports Strong 3rd Quarter Earnings and Record Growth
26 Octobre 2012 - 10:29PM
Katahdin Bankshares Corp. (OTCQB:KTHN), parent company of Katahdin
Trust Company, today announced 3rd quarter results which show an
increase to earnings per common share of $.05 or 5.8% over the same
nine months of 2011, totaling net income of $3,123,000.
In commenting on the 3rd quarter's performance, Jon
Prescott, President and CEO, stated that total assets, loans,
deposits and equity all achieved record levels. Total assets
grew to $577 million, an increase of 9.5% over the prior year,
which Prescott attributed to very strong loan growth of nearly $53
million, an increase of 12.2% over the same period last
year. Deposits reached $482,102,000, up 13.2% over the 3rd
quarter in 2011 and shareholders' equity grew 5.5% to
$57,594,000.
Prescott also commented that in July the Bank was honored by the
American Bankers Association (ABA) with a Certificate of
Recognition for Community Involvement. "Corporately, Katahdin
Trust Company gives much back to our communities, and we're proud
and privileged to do so," said Prescott. "But it's equally
gratifying to know that our employees share this care and concern
and give many hours of their personal time, to create a higher
quality of life in our communities." The Bank's 191 employees
rolled up their sleeves outside the confines of the Bank to invest
nearly 14,000 hours of volunteer service this past year for a host
of civic, charitable, church, educational and economic development
organizations.
The Company issued a second quarter cash dividend
on September 24th of $.09 per share which was 9.8% above the third
quarter of 2012.
Katahdin Bankshares Corp. stock is quoted on the
OTC Markets quote board OTCQB under the symbol KTHN. Current stock
information can be found at otcmarkets.com/home.
Katahdin Trust Company, established in 1918,
provides banking services to individuals and businesses from 17
offices in northern and central Maine, online at
www.katahdintrust.com, operates a commercial loan office in
Scarborough and was recently recognized by American Banker Magazine
as one of the Top 200 Community Banks in the country, for the sixth
consecutive year.
The Katahdin Bankshares Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7340
CONTACT: Vicki Smith
Senior Vice President, Marketing & Communications
Katahdin Trust Company
(207) 521-0455, Ext. 135
Katahdin Bankshares (QX) (USOTC:KTHN)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Katahdin Bankshares (QX) (USOTC:KTHN)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024