{"id":479084,"date":"2021-04-20T16:09:38","date_gmt":"2021-04-20T20:09:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/"},"modified":"2021-04-20T16:09:38","modified_gmt":"2021-04-20T20:09:38","slug":"katahdin-bankshares-corp-reports-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/","title":{"rendered":"Katahdin Bankshares Corp. Reports First Quarter Results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n HOULTON, Maine<\/span>, April 20, 2021<\/span> \/PRNewswire\/ —\u00a0Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine<\/span> and the greater Bangor<\/span> and Portland<\/span> regions, has announced first-quarter earnings of $2<\/span>.37\u00a0million, or $0.72<\/span> per common share. <\/p>\n

Total Assets reached $941.4 million<\/span> on March 31, 2021<\/span>. This was an increase of $4.4 million<\/span> over year-end and $37.7 million<\/span> over the first quarter of 2020. <\/p>\n

“The first quarter of 2021 has begun positively,” said Jon J. Prescott<\/span>, President and Chief Executive Officer. “We were pleased to assist customers during the first quarter of 2021 to access $21.2 million<\/span> of second round [Paycheck Protection Program] PPP loans.” <\/p>\n

Prescott added that 2021 marks<\/span> our 103rd year as a local community bank helping our friends and neighbors reach their financial goals. <\/p>\n

For more information and to view a copy of our most recent quarterly financial report, visit KatahdinTrust.com\/Shareholder-Relations. <\/p>\n

\n About Katahdin Bankshares Corp.<\/b>
\n
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine<\/span> with more than $941 million<\/span> in assets and 16 banking offices that serve Aroostook<\/span>, Penobscot<\/span>, and Cumberland<\/span> counties. The Bank has nearly 180 employees and, in 2020, was named one of the Best Places to Work in Maine<\/span> for the third year in a row. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com<\/a> and follow Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/katahdin-bankshares-corp-reports-first-quarter-results-301273111.html<\/a><\/p>\n

SOURCE Katahdin Bankshares Corp.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire HOULTON, Maine, April 20, 2021 \/PRNewswire\/ —\u00a0Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, has announced first-quarter earnings of $2.37\u00a0million, or $0.72 per common share. Total Assets reached $941.4 million on March 31, 2021. This was an increase of $4.4 million over year-end and $37.7 million over the first quarter of 2020. “The first quarter of 2021 has begun positively,” said Jon J. Prescott, President and Chief Executive Officer. “We were pleased to assist customers during the first quarter of 2021 to access $21.2 million of second round [Paycheck Protection Program] PPP loans.” Prescott added that 2021 marks our … <\/p>\n

Continue reading “Katahdin Bankshares Corp. Reports First Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479084","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKatahdin Bankshares Corp. Reports First Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Katahdin Bankshares Corp. Reports First Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOULTON, Maine, April 20, 2021 \/PRNewswire\/ —\u00a0Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, has announced first-quarter earnings of $2.37\u00a0million, or $0.72 per common share. Total Assets reached $941.4 million on March 31, 2021. This was an increase of $4.4 million over year-end and $37.7 million over the first quarter of 2020. “The first quarter of 2021 has begun positively,” said Jon J. Prescott, President and Chief Executive Officer. “We were pleased to assist customers during the first quarter of 2021 to access $21.2 million of second round [Paycheck Protection Program] PPP loans.” Prescott added that 2021 marks our … Continue reading "Katahdin Bankshares Corp. Reports First Quarter Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-20T20:09:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG49652&sd=2021-04-20\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Katahdin Bankshares Corp. Reports First Quarter Results\",\"datePublished\":\"2021-04-20T20:09:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/\"},\"wordCount\":271,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CG49652&sd=2021-04-20\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/\",\"name\":\"Katahdin Bankshares Corp. Reports First Quarter Results - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CG49652&sd=2021-04-20\",\"datePublished\":\"2021-04-20T20:09:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CG49652&sd=2021-04-20\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CG49652&sd=2021-04-20\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/katahdin-bankshares-corp-reports-first-quarter-results\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Katahdin Bankshares Corp. Reports First Quarter Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Katahdin Bankshares Corp. Reports First Quarter Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/","og_locale":"en_US","og_type":"article","og_title":"Katahdin Bankshares Corp. Reports First Quarter Results - Market Newsdesk","og_description":"PR Newswire HOULTON, Maine, April 20, 2021 \/PRNewswire\/ —\u00a0Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, has announced first-quarter earnings of $2.37\u00a0million, or $0.72 per common share. Total Assets reached $941.4 million on March 31, 2021. This was an increase of $4.4 million over year-end and $37.7 million over the first quarter of 2020. “The first quarter of 2021 has begun positively,” said Jon J. Prescott, President and Chief Executive Officer. “We were pleased to assist customers during the first quarter of 2021 to access $21.2 million of second round [Paycheck Protection Program] PPP loans.” Prescott added that 2021 marks our … Continue reading \"Katahdin Bankshares Corp. Reports First Quarter Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-20T20:09:38+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG49652&sd=2021-04-20","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Katahdin Bankshares Corp. Reports First Quarter Results","datePublished":"2021-04-20T20:09:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/"},"wordCount":271,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG49652&sd=2021-04-20","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/","name":"Katahdin Bankshares Corp. Reports First Quarter Results - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG49652&sd=2021-04-20","datePublished":"2021-04-20T20:09:38+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG49652&sd=2021-04-20","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG49652&sd=2021-04-20"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/katahdin-bankshares-corp-reports-first-quarter-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Katahdin Bankshares Corp. Reports First Quarter Results"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/479084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=479084"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/479084\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=479084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=479084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=479084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}