2024 Overview
General Bank Information
Bar Harbor Bank & Trust is an FDIC insured institution located in Bar Harbor, ME. It was founded in 1887 and has approximately $4.03 billion in assets. Customers can open an account at one of its 50 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 11971 |
| Date Established | 1887 |
| Assets | $ 4.03 billion |
| Loans | $ 3.04 billion |
| Deposits | $ 3.15 billion |
| Capital | $ 493.70 million |
For a more detailed analysis of Bar Harbor Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with 7.24 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 10 Year Adjustable Conforming See Amortization Table |
7.98% | 7.50% | $2,237.49 | |
| 15 Year Fixed Conforming See Amortization Table |
7.27% | 7.25% | $2,921.16 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.26% | 7.25% | $2,921.16 | |
| 20 Year Fixed Jumbo See Amortization Table |
7.54% | 7.50% | $2,577.90 | |
| 20 Year Fixed Conforming See Amortization Table |
7.52% | 7.50% | $2,577.90 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.78% | 7.75% | $2,292.52 | |
| 30 Year Fixed Conforming See Amortization Table |
7.76% | 7.75% | $2,292.52 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 10 Year Adjustable Conforming See Amortization Table |
7.98% | 7.50% | $2,237.49 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.26% | 7.25% | $2,921.16 | |
| 15 Year Fixed Conforming See Amortization Table |
7.27% | 7.25% | $2,921.16 | |
| 20 Year Fixed Jumbo See Amortization Table |
7.54% | 7.50% | $2,577.90 | |
| 20 Year Fixed Conforming See Amortization Table |
7.52% | 7.50% | $2,577.90 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.78% | 7.75% | $2,292.52 | |
Compare with 6.391% APR and 6.250% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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| 30 Year Fixed Conforming See Amortization Table |
7.76% | 7.75% | $2,292.52 | |
|
Compare with 6.391% APR and 6.250% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Bar Harbor Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Bar Harbor Bank & Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 584.13 | A | View Lobby Hours | |
| 588.37 | B | View Lobby Hours | |
| 588.72 | C | View Lobby Hours | |
| 588.96 | D | View Lobby Hours | |
| 589.33 | E | View Lobby Hours | |
| 604.03 | F | View Lobby Hours | |
| 608.67 | G | View Lobby Hours | |
| 608.67 | H | View Lobby Hours | |
| 612.00 | I | View Lobby Hours | |
| 612.20 | J | View Lobby Hours | |
| 612.51 | K | View Lobby Hours | |
| 612.91 | L | View Lobby Hours | |
| 615.67 | M | View Lobby Hours | |
| 615.98 | N | View Lobby Hours | |
| 619.28 | O | View Lobby Hours | |
| 620.07 | P | View Lobby Hours | |
| 621.05 | Q | View Lobby Hours | |
| 621.16 | R | View Lobby Hours | |
| 623.72 | S | View Lobby Hours | |
| 623.85 | T | View Lobby Hours | |
| 624.38 | U | View Lobby Hours | |
| 624.41 | V | View Lobby Hours | |
| 624.82 | W | View Lobby Hours | |
| 625.31 | X | View Lobby Hours | |
| 626.26 | Y | View Lobby Hours | |
| 627.04 | Z | View Lobby Hours |
Climate Policy and Initiatives
Bar Harbor Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Bar Harbor Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Bar Harbor Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Bar Harbor Bank & Trust | U.S. Bank Average |
|---|---|
| 1.21% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Bar Harbor Bank & Trust had $6,310,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $493,698,000 in equity and $28,855,000 in loans loss reserves. That gives it a Texas Ratio of 1.21%.
Return on Equity
| Bar Harbor Bank & Trust | U.S. Bank Average |
|---|---|
| 9.68% | 10.46% |
Bar Harbor Bank & Trust has a Return on Equity of 9.68% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Bar Harbor Bank & Trust | U.S. Bank Average |
|---|---|
| 12.25% | 10.84% |
Bar Harbor Bank & Trust has a Capitalization of 12.25% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Bar Harbor Bank & Trust Balance Sheet Analysis
As of June 30, 2024, Bar Harbor Bank & Trust had assets of $4,030,143,000, loans of $3,039,222,000, and deposits of $3,147,483,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 101.25 million |
| Interest-bearing balances | $ 62.16 million |
| Total securities | $ 512.93 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 3.04 billion |
| Loan loss allowance | $ 28.86 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 126.92 million |
| All other assets | $ 176.08 million |
| Total Assets | $ 3.54 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 3.15 billion |
| Interest-bearing deposits | $ 2.59 billion |
| Deposits held in domestic offices | $ 3.15 billion |
| % insured (estimated) | 81.60% |
| Federal funds purchased and repurchase agreements | $ 9.78 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 98.59 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 61.27 million |
| Total Liabilities | $ 3.54 billion |
| Shareholders’ Equity | $ 493.70 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 92.47 million |
| Total Interest Expense | $ 34.85 million |
| Net interest income | $ 57.62 million |
| Provision for loan and lease losses | $ 0.69 million |
| Total non interest income | $ 18.12 million |
| Total non interest expense | $ 45.35 million |
| Pre-tax Net Operating Income | $ 27.11 million |
Bank Loan Profile?
The top three loan types in Bar Harbor Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks in Maine, Bar Harbor Bank & Trust has a significantly higher percent of Credit Card Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 33.00 | ✓ | ||
| Multifamily Mortgages |
4.99 | ✓ | ||
| Credit Card Loans | 0.03 | ✓ | ||
| Consumer Auto Loans | 0.06 | ✓ | ||
| Small Business Loans | 4.37 | ✓ | ||
| Construction and Development Loans | 3.93 | ✓ | ||
| Commercial Real Estate | 35.66 | ✓ | ||
| Commercial and Industrial Loans | 6.72 | ✓ | ||
| Farm Loans | 0.79 | ✓ | ||
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