Please do not leave this page until complete. This can take a few moments.
Camden National Corp. has reported a 9% increase in earnings for 2010 following a strong fourth quarter.
The parent to Camden National Bank reported 2010 net income of $24.8 million, a $2 million increase over 2009, according to a press release. Total assets for the year were $2.3 billion, a 3% increase compared with 2009, a rise attributed to growth in commercial real estate loans and a slight increase in consumer loans. For the quarter ended Dec. 31, 2010, Camden National reported net income of $6.4 million, a 23% increase over the same quarter in 2009.
"These results reflect our proactive approach to managing asset quality, which starts with strong underwriting standards," President and CEO Gregory Dufour said in the release. The corporation's level of non-performing assets dipped from $25.1 million in 2009 to $24.8 million in 2010.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
Comments