Bar Harbor Bankshares sees record quarter, year
Bar Harbor Bank & Trust's parent company, Bar Harbor Bankshares, announced record net income for the third quarter of 2012, rising 11.9% over the third quarter of 2011.
The increase amounts to a $358,000 increase in net income for a total of $3.4 million for the third quarter of 2012, according to a press release.
The company added to a year of increases as net income for the first nine months of 2012 has come in 11.4% above the first nine months of 2011, representing a nearly $1 million increase.
In August, the company also acquired the Augusta-based Border Trust, taking on $38.4 million of deposits, $37.4 million in loans and three Border Trust branches in Kennebec and Sagadahoc counties.
Both the quarterly and year-to-date earnings reports mark records for the company, according to the press release.
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