August 2, 2011
Income rises at Camden National
By The Mainebiz News Staff
Net income at Camden National Corp. rose 27% in the second quarter of 2011, the company recently reported.
Net income for the parent company of Camden National Bank was $7.1 million for the quarter, a $1.5 million rise over the second quarter of 2010, according to a press release. Net income for the six months ended June 30 was $13.4 million, an increase of 23% compared to $10.9 million for the same period in 2010. Total assets were $2.3 billion, a $25 million increase compared to Dec. 31. Loans also grew 2% from the end of 2010, mostly due to a $34 million increase in commercial loans.
Total deposits were $1.5 billion at the end of June, a $29.7 million rise over Dec. 31.
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