Katahdin Trust Co.

Q1 earnings, loans rise at Katahdin Trust parent

The company described the quality of its assets as "sound," marked by a decline in non-performing loans from the previous quarter and a "satisfactory" overall credit performance.

Katahadin Trust parent could buy back up to $2M in shares in 2026

The financial institution, owned by Houlton-based Katahdin Banskshares Corp., said it has more than $1.09 billion in assets.

Katahdin Trust parent posts bump in Q3 earnings, deposits

"We are pleased with these results and look forward to finishing the year strong," said Jon J. Prescott, president and CEO of Katahdin Trust, a Houlton-based bank with 16 locations.

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Katahdin Trust parent’s mixed Q2 report card shows growth, contractions

Strong net income was driven by interest earnings. Non-interest expense rose year-over-year, primarily related to salary and benefit costs.

Higher operating expenses weigh on 2024 net income at Katahdin Trust parent

Lower net interest income and increased operating expenses were the main reasons a year-to-date drop in net income.

Katahdin Trust names commercial services officer with retail background

Katahdin Bankshares Corp. has hired Tom Dwyer as assistant vice president and commercial services officer.
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Katahdin Trust names senior credit officer based at the Scarborough branch

Katahdin Bankshares Corp., the Houlton-based parent company of Katahdin Trust Co., has hired Michelle Ritcheson as senior vice president and senior credit officer.

Q2 earnings for Katahdin Bankshares drop 19% from last year

Katahdin Bankshares Corp., the Houlton-headquartered parent of Katahdin Trust Co., on Monday reported second-quarter earnings of $2 million or 63 cents per share.
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