Last $39.49 USD
Change Today +0.04 / 0.10%
Volume 3.6K
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As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2 Elm Street

PO Box 310

Camden, ME 04843

United States

Phone: 207-236-8821

Fax: 207-236-6256

Camden National Corporation operates as the holding company for Camden National Bank that provides financial services to consumer, institutional, municipal, non-profit, and commercial customers. The company has 44 branches. It offers commercial and consumer banking products and services. It also provides brokerage and insurance services through Camden Financial Consultants (Camden Financial). The company also offers investment management and fiduciary services through its subsidiary, Acadia Trust, N.A. (Acadia Trust), a federally-regulated, non-depository trust company headquartered in Portland, Maine. In addition to serving as a holding company, the company provides managerial, operational, human resource, marketing, financial management, risk management, and technology services to its subsidiaries. The Bank The bank offers its products and services in the Maine counties of Androscoggin, Cumberland, Hancock, Kennebec, Knox, Lincoln, Penobscot, Piscataquis, Somerset, Waldo, Washington, and York; and focuses primarily on attracting deposits from the general public through its branches, and then using such deposits to originate residential mortgage loans, commercial business loans, commercial real estate loans, and various consumer loans. Customers might also access the bank’s products and services using other channels, including the bank’s Website located at www.camdennational.com. Camden Financial Camden Financial is a full-service brokerage and insurance division of the bank and is engaged in the business of helping clients meet all of their financial needs by using a total wealth management approach. Its financial offerings include college, retirement, and estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Acadia Trust Acadia Trust provides a range of trust, trust-related, investment and wealth management services to both individual and institutional clients. The financial services provided by Acadia Trust complement the services provided by the bank by offering customers investment management services. Acadia Trust’s Website is located at www.acadiatrust.com. Loans The company provides loans primarily to customers located within its geographic market area. Residential Real Estate Loans: Residential real estate loans consist of loans secured by one-to four-family residences. The company retains in its portfolio adjustable-rate mortgages and fixed-rate mortgages with original terms of 20 years or less. Commercial Real Estate Loans: Commercial real estate loans consist of loans secured by income and non-income producing commercial real estate. The company focuses on lending to business customers primarily within its geographic marketplace, as well as offering loans for the acquisition, development, and construction of commercial real estate. Commercial Loans: Commercial loans consist of loans secured by various corporate assets, as well as loans to provide working capital in the form of lines of credit, which might be secured or unsecured. Municipal loans primarily consist of short-term tax anticipation notes made to municipalities for fixed asset or construction-related purposes and are included in commercial loans. The company focuses on lending to business customers and municipalities within its geographic marketplace. Consumer Loans and Home Equity Loans: Consumer loans and home equity loans are originated for various purposes designed to meet the needs of the company’s customers. Consumer loans include overdraft protection; automobile, boat, recreational vehicle, and mobile home loans; home equity loans and lines; and secured and unsecured personal loans. Investment Securities As of December 31, 2013, the company’s investment portfolio included obligations of states and political subdivisions; mortgage-backed securities issued or guaranteed by U.S. government sponsored enterprises; collateralized mortgage obligations issued or guaranteed by U.S. government sponsored enterprises; and private issue collateralized mortgage obligations. Deposits The company receives checking, savings, and time deposits primarily from cus

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Valuation CAC Industry Range
Price/Earnings 13.0x
Price/Sales 3.0x
Price/Book 1.2x
Price/Cash Flow 12.8x
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