Bar Harbor Bank & Trust

Headquarters

82 Main Street
Bar Harbor, ME 04609
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 0.95% →
1-Year CD 0.25% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD 0.65% 1.30% →
30-Year Mortgage 4.28% 2.80% →
15-Year Mortgage 3.77% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bar Harbor Bank & Trust is an FDIC insured institution located in Bar Harbor, ME. It was founded in 1887 and has approximately $3.67 billion in assets. Customers can open an account at one of its 50 branches.

FDIC Insured Yes
FDIC Certificate # 11971
Date Established 1887
Assets $ 3.67 billion
Loans $ 2.62 billion
Deposits $ 2.68 billion
Capital $ 438.24 million
 

For a more detailed analysis of Bar Harbor Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 26, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
Special: 1 Mo CD
0.05% $10,000 - Learn More
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
E-Choice Checking 0.00% $0 $6.00 Learn MoreShow Less

Loan Rates - October 26, 2020

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Bar Harbor Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bar Harbor Bank & Trust Locations


Financial Details

Bar Harbor Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bar Harbor Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bar Harbor Bank & Trust U.S. Bank Average
3.2% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bar Harbor Bank & Trust had $12,289,000 in non-current loans and $2,205,000 in owned real estate. To cover these potential losses it had $438,242,000 in equity and $15,297,000 in loans loss reserves. That gives it a Texas Ratio of 3.2%.

Return on Equity
Bar Harbor Bank & Trust U.S. Bank Average
8.05% 7.80%

Bar Harbor Bank & Trust has a Return on Equity of 8.05% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bar Harbor Bank & Trust U.S. Bank Average
11.93% 12.68%

Bar Harbor Bank & Trust has a Capitalization of 11.93% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bar Harbor Bank & Trust Balance Sheet Analysis

As of March 31, 2020, Bar Harbor Bank & Trust had assets of $3,674,818,000, loans of $2,619,686,000, and deposits of $2,677,535,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 83.34 million
Interest-bearing balances $ 27.09 million
Total securities $ 626.33 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.62 billion
Loan loss allowance $ 15.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.21 million
Goodwill and other intangibles $ 130.81 million
All other assets $ 163.15 million
     Total Assets $ 3.24 billion
LIABILITIES
Total deposits $ 2.68 billion
      Interest-bearing deposits $ 2.25 billion
      Deposits held in domestic offices $ 2.68 billion
      % insured (estimated) 91.35%
Federal funds purchased and repurchase agreements $ 31.00 million
Trading liabilities N.A.
Other borrowed funds $ 466.58 million
Subordinated debt N.A.
All other liabilities $ 61.46 million
      Total Liabilities $ 3.24 billion
      Shareholders’ Equity $ 438.24 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 33.49 million
Total Interest Expense $ 8.17 million
Net interest income $ 25.32 million
Provision for loan and lease losses $ 1.11 million
Total non interest income $ 8.11 million
Total non interest expense $ 21.64 million
Pre-tax Net Operating Income $ 10.67 million

Bank Loan Profile?

The top three loan types in Bar Harbor Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Maine, Bar Harbor Bank & Trust has a significantly higher percent of Credit Card Loans, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 49.70
Multifamily
Mortgages
2.54
Credit Card Loans 0.04
Consumer Auto Loans 0.06
Small Business Loans 7.61
Construction and Development Loans 2.58
Commercial Real Estate 30.06
Commercial and Industrial Loans 9.34
Farm Loans 0.84

Frequently Asked Questions About Bar Harbor Bank & Trust

Branches and Savings

Is Bar Harbor Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #11971.

Why does Bar Harbor Bank & Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bar Harbor Bank & Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bar Harbor Bank & Trust a commercial bank?

Yes

Where are Bar Harbor Bank & Trust locations?

See branch locations nearby.

Is Bar Harbor Bank & Trust open on Saturdays?

Is Bar Harbor Bank & Trust open on Sundays?

What time does Bar Harbor Bank & Trust open?

What time does Bar Harbor Bank & Trust close?

Are Bar Harbor Bank & Trust ATMs Open 24/7?

Do Bar Harbor Bank & Trust ATMs accept cash deposits?

Can Bar Harbor Bank & Trust customers use other ATMs?

Do Bar Harbor Bank & Trust branches have notaries?

Will Bar Harbor Bank & Trust notarize my document?

What address for Bar Harbor Bank & Trust should I put for incoming ACH transfers?

Will the Bar Harbor Bank & Trust branch print checks?

Do Bar Harbor Bank & Trust checks expire?

Does Bar Harbor Bank & Trust require US citizenship to open account?

Can Bar Harbor Bank & Trust close my account?

Does Bar Harbor Bank & Trust Report to credit bureaus?

Does Bar Harbor Bank & Trust Use Equifax?

What is Bar Harbor Bank & Trust's ACH Routing Number?

What is Bar Harbor Bank & Trust's SWIFT code?

Products

Does Bar Harbor Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Bar Harbor Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bar Harbor Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Bar Harbor Bank & Trust offer student loans?

Will Bar Harbor Bank & Trust cash a check?

Will Bar Harbor Bank & Trust redeem a savings bond?

Does Bar Harbor Bank & Trust cash savings bonds?

Will Bar Harbor Bank & Trust cash money orders?

Can Bar Harbor Bank & Trust issue a money order?

Does Bar Harbor Bank & Trust do currency exchange?

Background on The Bank

Who owns Bar Harbor Bank & Trust?

How long has Bar Harbor Bank & Trust been around?

Can Bar Harbor Bank & Trust transfer to other banks?

Does Bar Harbor Bank & Trust have quick pay?

Does Bar Harbor Bank & Trust accept rolled coins?

Will Bar Harbor Bank & Trust accept loose change?

Where is Bar Harbor Bank & Trust headquarters?

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