Camden national corp (CAC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest Income
Interest and fees on loans

143,399

128,546

114,563

109,224

81,221

70,654

70,262

72,859

78,174

81,935

84,901

Taxable interest on investments

19,509

17,727

16,879

16,082

15,091

16,118

16,587

16,452

18,342

20,335

25,851

Nontaxable interest on investments

2,701

2,648

2,764

2,836

2,208

1,256

1,170

1,385

1,662

2,111

2,450

Dividend income

722

1,315

1,135

1,000

-

-

-

-

-

-

-

Other interest income

2,187

1,141

763

479

624

357

164

251

194

126

129

Total interest income

168,518

151,377

136,104

129,626

99,144

88,385

88,183

90,947

98,372

104,507

113,331

Interest Expense
Interest on deposits

34,001

20,113

11,811

8,633

6,511

6,267

7,073

9,293

11,591

15,143

22,577

Interest on borrowings

3,621

7,456

5,585

4,506

3,457

3,329

3,137

5,363

8,948

12,257

14,898

Interest on subordinated debentures

3,266

3,415

3,408

3,415

2,724

2,532

2,532

2,546

2,614

2,817

2,845

Total interest expense

40,888

30,984

20,804

16,554

12,692

12,128

12,742

17,202

23,153

30,217

40,320

Net interest income

127,630

120,393

115,300

113,072

86,452

76,257

75,441

73,745

75,219

74,290

73,011

Provision for credit losses

2,861

847

3,035

5,258

1,936

2,220

2,028

3,816

4,735

6,299

8,213

Net interest income after provision for credit losses

124,769

119,546

112,265

107,814

84,516

74,037

73,413

69,929

70,484

67,991

64,798

Non-Interest Income
Service charges on deposit accounts

-

-

-

7,210

6,423

6,229

6,740

5,557

5,134

4,911

5,261

Mortgage banking income, net

7,837

5,914

7,363

6,258

2,031

282

1,406

588

729

761

1,314

Bank-owned life insurance

2,425

2,430

2,370

2,594

1,680

1,437

1,310

1,382

2,173

1,478

1,476

Brokerage and insurance commissions

2,625

2,615

2,147

2,074

1,699

1,766

1,697

1,491

1,363

1,449

1,356

Customer loan swap fees

1,166

956

1,574

-

-

-

-

-

-

-

-

Net (loss) gain on sale of securities

-105

275

855

51

4

451

785

2,498

2,076

-409

63

Other service charges and fees

-

-

-

1,962

1,573

1,461

5,971

4,061

3,577

3,345

2,908

Fees and Commissions, Mortgage Banking

-

-

-

2,104

-

-

-

-

-

-

-

Gain on branch divestiture

-

-

-

-

-

-

2,742

0

0

-

-

Proceeds from legal settlement

-

-

-

-

-

-

-

-

-

2,000

-

Other income

4,170

3,290

3,080

4,830

3,877

3,080

2,433

2,797

1,974

1,054

1,154

Total non-interest income before other-than-temporary impairment of securities

-

-

-

-

-

-

-

-

-

-

19,434

Other-than-temporary impairment of securities

-

-

-

-

-

-

-

-

-

-

11

Noninterest Income

42,113

38,176

38,599

39,621

27,482

24,370

27,835

23,412

23,053

20,825

19,423

Non-Interest Expense
Salaries and employee benefits

54,489

51,513

49,109

47,254

37,220

32,669

32,609

29,689

28,627

26,337

24,588

Furniture, equipment and data processing

10,881

10,359

9,894

9,557

8,057

7,316

7,051

5,079

4,773

4,647

4,150

Net occupancy costs

7,047

6,876

6,884

7,088

5,695

5,055

5,449

4,365

3,949

3,833

3,908

Debit card expense

3,613

3,180

2,755

2,584

1,936

1,725

-

-

-

-

-

Consulting and professional fees

3,706

3,752

3,118

3,234

2,625

2,368

2,337

1,818

2,629

2,596

2,455

Amortization of Intangible Assets

700

725

1,809

1,903

1,306

1,148

1,200

657

577

577

578

Regulatory assessments

1,261

1,937

2,166

2,777

2,184

1,982

1,997

1,793

1,955

2,868

4,035

Other real estate owned and collection costs (recoveries), net

480

935

971

3,128

2,491

2,289

2,162

2,284

2,104

3,459

2,314

Merger and acquisition costs

-

-

-

866

10,415

0

374

2,324

0

0

-

Prepayment fees on borrowings

-

-

-

-

-

-

-

2,030

2,318

0

-

Goodwill impairment

-

-

-

-

-

-

2,830

0

50

-

-

Other expenses

13,121

12,668

11,804

11,505

9,210

7,845

10,374

8,992

8,597

8,620

8,977

Total non-interest expense

95,303

91,945

88,510

89,896

81,139

62,397

66,333

59,031

55,579

52,937

51,005

Income before income tax expense

71,579

65,777

62,354

57,539

30,859

36,010

34,915

34,310

37,958

35,879

33,216

Income Tax Expense

14,376

12,706

33,878

17,472

9,907

11,440

12,132

10,882

11,781

11,113

10,443

Net Income (Loss) Attributable to Parent

57,203

53,071

28,476

40,067

20,952

24,570

22,783

23,428

26,177

24,766

22,773

Earnings Per Share [Abstract]
Basic earnings per share

3.70

3.40

1.83

2.59

1.73

2.19

2.98

3.06

3.41

3.23

2.98

Diluted earnings per share

3.69

3.39

1.82

2.57

1.73

2.19

2.97

3.05

3.40

3.23

2.97

Weighted average number of common shares outstanding

15,407

15,571

15,509

15,422

12,031

11,176

7,634

7,646

7,672

7,655

7,642

Diluted weighted average number of common shares outstanding

15,453

15,626

15,588

15,504

12,074

11,205

7,653

7,661

7,679

7,663

7,653

Common Stock, Dividends, Per Share, Declared

1.23

1.15

0.94

0.83

-

-

-

-

-

-

-

Debit Card [Member]
Revenue

9,701

9,067

8,079

7,578

5,277

4,675

-

-

-

-

-

Deposit Account [Member]
Revenue

8,393

8,253

8,023

-

-

-

-

-

-

-

-

Fiduciary and Trust [Member]
Revenue

5,901

5,376

5,108

4,960

4,918

4,989

4,751

5,038

6,027

6,236

5,902