Camden National Corporation today announced that its 2007 earnings remained relatively unchanged from the previous year.
The company, which is headquartered in Camden, reported 2007 net earnings of $20.3 million, which it said was “approximately equal” to its 2006 results. Camden National saw its total assets drop $53.1 million to $1.7 billion in 2007, and loans shrink by $72.5 millon to $1.1 billion because of what the company said was its “conservative posture” in commercial real estate lending activity.
