Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, yesterday said net income for the first quarter of 2008 was roughly $2 million, a 42% increase from the same period last year.
Total assets rose to $911 million in the quarter ending March 31, up 10% from the first quarter of 2007, the bank said in a press release.
Profits rose in part because of $313,000 in proceeds from the sale of shares of Visa Inc., which went public in mid-March.