Katahdin Bankshares Corp (KTHN) Earnings

Katahdin Bankshares Corp. operates as a holding company. The company is headquartered in Patten, Maine and currently employs 174 full-time employees. The company went IPO on 2002-04-08. The firm operates through its subsidiary, Katahdin Trust Company (the Bank), which is a commercial bank. The Bank conducts commercial and retail banking business that includes accepting deposits from the public and utilizing those funds to originate commercial loans, commercial and residential real estate loans, and consumer loans. Securities and insurance products are made available to the Bank's customers through Katahdin Financial Services, a service of Cetera Investment Service LLC, a registered broker-dealer and unaffiliated with the Bank. Maine Financial Group (MFG), an affiliate of the Bank, provides heavy equipment financing in the trucking, construction, forest products, and marine industries located around northern New England. The company serves individuals and businesses throughout Maine and online at KatahdinTrust.com. The Bank operates over 16 branches throughout northern Maine and the greater Bangor and Portland regions.