Katahdin Trust Company

Headquarters

11 Main Street
Patten, ME 04765
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.25% 1.15% →
2-Year CD 0.50% 1.26% →
5-Year CD 1.05% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Katahdin Trust Company is an FDIC insured institution located in Patten, ME. It was founded in 1918 and has approximately $0.85 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 12874
Date Established 1918
Assets $ 850.69 million
Loans $ 694.82 million
Deposits $ 718.20 million
Capital $ 86.14 million
 

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

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $10 - Learn More
Money Market
0.05% $1 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.20% $500 - Learn More
12 Mo CD
0.25% $500 - Learn More
18 Mo CD
0.25% $500 - Learn More
24 Mo CD
0.50% $500 - Learn More
30 Mo CD
0.50% $500 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.70% $500 - Learn More
60 Mo CD
1.05% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $999 Learn MoreShow Less
0.01% $1,000 $49,999 Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Katahdin Trust Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
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PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Note to Katahdin Trust Company
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Branches

Katahdin Trust Company 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:
Fairfield,Connecticut


Katahdin Trust Company Locations


Financial Details

Katahdin Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Katahdin Trust Company. 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
Katahdin Trust Company U.S. Bank Average
4.38% 6.51%

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 December 31, 2019, Katahdin Trust Company had $3,981,000 in non-current loans and $69,000 in owned real estate. To cover these potential losses it had $86,141,000 in equity and $6,293,000 in loans loss reserves. That gives it a Texas Ratio of 4.38%.

Return on Equity
Katahdin Trust Company U.S. Bank Average
10.57% 9.41%

Katahdin Trust Company has a Return on Equity of 10.57% versus the BestCashCow average of 9.41%. 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
Katahdin Trust Company U.S. Bank Average
10.13% 12.82%

Katahdin Trust Company has a Capitalization of 10.13% versus the BestCashCow average of 12.82. 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.

Katahdin Trust Company Balance Sheet Analysis

As of December 31, 2019, Katahdin Trust Company had assets of $850,692,000, loans of $694,823,000, and deposits of $718,198,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 17.35 million
Interest-bearing balances $ 3.39 million
Total securities $ 100.86 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 694.82 million
Loan loss allowance $ 6.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.07 million
Goodwill and other intangibles $ 5.70 million
All other assets $ 21.69 million
     Total Assets $ 764.55 million
LIABILITIES
Total deposits $ 718.20 million
      Interest-bearing deposits $ 573.00 million
      Deposits held in domestic offices $ 718.20 million
      % insured (estimated) 89.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 37.99 million
Subordinated debt N.A.
All other liabilities $ 8.37 million
      Total Liabilities $ 764.55 million
      Shareholders’ Equity $ 86.14 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 36.68 million
Total Interest Expense $ 8.05 million
Net interest income $ 28.64 million
Provision for loan and lease losses $ 0.46 million
Total non interest income $ 4.50 million
Total non interest expense $ 22.10 million
Pre-tax Net Operating Income $ 10.57 million

Bank Loan Profile?

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

Compared to other banks in Maine, Katahdin Trust Company has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial 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 26.45
Multifamily
Mortgages
11.12
Credit Card Loans 0.00
Consumer Auto Loans 0.27
Small Business Loans 9.70
Construction and Development Loans 3.25
Commercial Real Estate 32.78
Commercial and Industrial Loans 24.16
Farm Loans 0.24

Frequently Asked Questions About Katahdin Trust Company

Branches and Savings

Is Katahdin Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #12874.

Why does Katahdin Trust Company pay such low interest on savings accounts?

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

Why are Katahdin Trust Company CD rates not competitive?

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

Is Katahdin Trust Company a commercial bank?

Yes

Where are Katahdin Trust Company locations?

See branch locations nearby.

Is Katahdin Trust Company open on Saturdays?

Is Katahdin Trust Company open on Sundays?

What time does Katahdin Trust Company open?

What time does Katahdin Trust Company close?

Are Katahdin Trust Company ATMs Open 24/7?

Do Katahdin Trust Company ATMs accept cash deposits?

Can Katahdin Trust Company customers use other ATMs?

Do Katahdin Trust Company branches have notaries?

Will Katahdin Trust Company notarize my document?

What address for Katahdin Trust Company should I put for incoming ACH transfers?

Will the Katahdin Trust Company branch print checks?

Do Katahdin Trust Company checks expire?

Does Katahdin Trust Company require US citizenship to open account?

Can Katahdin Trust Company close my account?

Does Katahdin Trust Company Report to credit bureaus?

Does Katahdin Trust Company Use Equifax?

What is Katahdin Trust Company's ACH Routing Number?

What is Katahdin Trust Company's SWIFT code?

Products

Does Katahdin Trust Company offer mortgages?

Compare mortgage rates here.

Does Katahdin Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Katahdin Trust Company offer personal loans?

Compare personal loan rates here.

Does Katahdin Trust Company offer student loans?

Will Katahdin Trust Company cash a check?

Will Katahdin Trust Company redeem a savings bond?

Does Katahdin Trust Company cash savings bonds?

Will Katahdin Trust Company cash money orders?

Can Katahdin Trust Company issue a money order?

Does Katahdin Trust Company do currency exchange?

Background on The Bank

Who owns Katahdin Trust Company?

How long has Katahdin Trust Company been around?

Can Katahdin Trust Company transfer to other banks?

Does Katahdin Trust Company have quick pay?

Does Katahdin Trust Company accept rolled coins?

Will Katahdin Trust Company accept loose change?

Where is Katahdin Trust Company headquarters?

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