Example: Mary Smith is preferred instead of M Smith. Over 2,000 of which was part of BHBTs paid time volunteer program.Number of employees who volunteered their time to local charitable organizations.Dollars raised by employees for community causes supporting over 34 nonprofits.Number of organizations supported by the Bank.20,000 HOURS300+ EMPLOYEES$130,000 RAISED550+ ORGANIZATIONS* As measured over the past five years, BHB: Investment SummaryLong before COVID, we set out to build a balanced Bank that is not reliant on any one business, with a strong risk-focused credit culture, and a judicious approach to managing capitalGrowing market share as our customer service differentiates us from our competitionFocusing on core earnings as we balance growth with profitability Growing core deposits while reducing overall cost of fundsAdhering to a disciplined credit culture with historic low charge-off ratesExpanding non-interest income as a percentage of total revenueEfficiently managing non-interest expenses while investing in infrastructure, digital platforms, Call Center, info security and operationsWe have a talented team and firm culture in place to carry out our strategies in all economic environments8, 2021 Achievements9Customers, Culture and TeamDelivering on Our StrategyCommitment to ShareholdersSuccessfully managed through COVID-19Continued to make branches and services available for customers during the pandemicWorked to ensure our employees had the tools necessary to effectively do their jobs which has allowed our organization to persevereSuccessfully supported our customers and business communities through SBA PPP relief programs and other loan modification arrangementsFocused on:Core relationship customer growthNon-interest income expansion Reduction in non-interest expenses Decrease in overall cost of funds Several major technology improvements including digital platform, cyber security, call centerMajor ATM ImprovementsPrudently continue to put capital and resources to work with the most benefit to shareholdersMaintained dividend despite market uncertaintyPreserved capital as prudent risk management avoided the need for unplanned reservesResults: 10% Commercial loan growth, excluding PPPFee income as a percentage of revenue increased to 29% in 2021 compared to 27% in 20203,374 total new net deposit accounts originated in 2021Grew AUM to $2.5 billion in our wealth management business, SBA PPP Loan Update10Originated $67.7 million in Round 2 PPP Loans in 2021$6 million in income generated in 2021 by the Round 1 & 2 PPP Programs$7 million in PPP Balances with a Net Fee of $219 thousand remaining at the end of 2021Remaining PPP Balances expected to be forgiven by the end of Q1-2022, Diversification and Growth of Fee IncomeContinue to expand and diversify fee income Trust & Wealth Income up 13% in 2021Customer Service Fees up 17% in 202111Numbers in $ millions unless otherwise noted, Prudent Balance Sheet Management12LiquidityInterest Rate Risk (IRR) Positioning & Modeling EnhancementsGrew total deposits by 5% in 2021Opened 16,041 deposit accounts in 2021Further reduced loan-to-deposit ratio from 88% in Q4 2020 to 83% in Q4 2021Continued Reduction in Wholesale BorrowingsThe Bank remains relatively asset sensitive Enhanced and expanded our use of models within the organization, strengthening various ALM assumptions and testing methods, Loans Focus on Profitability 13(in thousands)Continue to prudently evaluate our loan portfolio mix & strategy, currently pushing most residential mortgage product through secondary market platform, allowing stronger growth in commercial loansExcluding PPP loans, total commercial loan growth increased 10% in 2021, Strong Credit-Oriented CultureAll loans with COVID-19-related deferrals have resumed regularly scheduled P&I payments.Net Recoveries were achieved in Q4-2021, with declining levels of non-performing loans.Continuing to maintain $0 in Bank-owned Real Estate (OREO) from foreclosure activity.With CECL adoption, Q4 2021 ACL / Total Loans ratio was 0.90% vs. pre-CECL Q4 2020 of 0.74%14During 2021, the Bank continued loan-level stress testing on more than 60% of the commercial balances outstanding:All Hospitality loans over $250MAll loans included in the Banks Top 50 relationshipsAll criticized/classified relationships of $1MM or moreOther targeted subsets, including restaurant industry loans, seasonal loans, and community banking loans that had operated under deferralsTotal Non-performing Loans / Gross Loans(in thousands)Gross LoansDelinquenciesNonaccrual LoansDelinquent & Nonaccrual Loans as a % of Gross Loans, Asset Quality Metrics15(in thousands)(in thousands)(in thousands)NCOsNCOs/Average LoansNPLsNPLs/Total Loans (period end)ACLACL/Total Loans (period end), Deposits Growing CoreContinued focus and strong execution on moving to lower cost core depositsY-o-Y reduction of time deposits from 24% to 14% of total depositsNon-interest bearing deposits increased from 19% to 22% of total deposits16(in thousands), Investor Relations Contact Information17Facebook@BHBTsocialLinkedInBar Harbor Bank & TrustTwitter@barharborbankConnect with us on Social MediaVisit our Websitewww.barharbor.bank/shareholder-relationsContact by Phone(207) 288-2637Write to us atBar Harbor BanksharesAttn: Investor RelationsPO Box 400Bar Harbor, ME 04609-0400Contact by Email investorrelations@barharbor.bank, Historical Financial Performance192018Y2019Y2020Y2021Y2021Q12021Q22021Q32021Q4Total Assets$3,608$3,669$3,724$3,709$3,730$3,639$3,738$3,709Total Loans2,4882,6352,5632,5322,5512,5162,5342,532Total Deposits2,4832,6962,9063,0492,6512,6952,9353,049Total Equity$371$396$407$424$405$414$418$424Tang. 2022 TheStreet, Inc. All rights reserved. The investor presentation is also available on the Companys website located at www.barharbor.bank/sec-filings. In the event of loss, a surety bond of 2% will be required to replace the certificates. Non-GAAP adjustments are presented net of an adjustment for income tax expense. Box 1342Brentwood, NY 11717. How can I obtain a copy of my 1099?You may download and print a copy of a Broadridge issued 1099 by accessing your online account at investor.broadridge.com. Joint Tenants with Rights of Survivorship, This registration is used when two or more individuals have equal claim to the shares. In some cases additional documents will be required to complete the transfer. Securities held in a brokerage account, and registered in the name of the broker or other institution, are referred to as being in "street name" or "beneficial shares." You may obtain a surety bond from our independent insurance provider, The Chubb Corporation. For example: Mary Jones Tr U/A dtd 4/15/98 The Mary Jones Trust FBO Mary Jones. If so, you may enroll in the plan in any of the following ways: Make the investment via your online account. Please refer to page two of the Legal Transfer Form for additional document requirements based on your stock transferring situation. Averages Total average earning assets(E)$3,388$3,359$3,398$3,412$3,440$3,373Total average assets (F)3,756 3,717 3,746 3,764 3,764 3,718 Total average shareholders equity (G)408 407 413 421 423 414 Performance ratios GAAP return on assets 0.92%1.03%0.97%1.16%1.02%1.06%Core return on assets2(A/F)0.98%1.11%1.01%1.16%1.07%1.10%GAAP return on equity 8.42%9.45%8.77%10.38%9.16%9.50%Core return on equity2(A/G)8.99%10.14%9.14%10.39%9.60%9.87%Efficiency ratio2,3(D-O-Q)/(C+N)61.98%61.95%63.45%59.18%60.74%61.29%Net interest margin(B+P)/E3.02%2.88%2.74%3.02%2.79%2.88%Supplementary DataTaxable equivalent adjustment for efficiency ratio(N)$542$595$586$576$573$2,330Franchise taxes included in non-interest expense(O)117 125 128 143 132 528 Tax equivalent adjustment for net interest margin(P)396 433 430 421 369 1,653 Intangible amortization(Q)256 241 233 233 233 940 Dollar values in thousands, except per share amounts or otherwise noted2020Q42021Q12021Q22021Q32021Q4YTD 2021, Interest Rate Risk Analysis22On a quarterly basis, the company measures and reports NII and EVE at risk to isolate the change in income and value related solely to interest-earning assets and interest-bearing liabilities. Bar Harbor Bankshares Incc is a bank holding company along with its subsidiaries offers a full range of financial services products, brokerage services through third party brokerage arrangement and also trust and investment management services to individuals, businesses, non-profit organisations, and municipalities. The letter of instruction must be accompanied by a Legal Transfer Form bearing the appropriate signature(s). Jul 29, 16:00, Bar Harbor Bankshares Posts Higher Q2 Core Earnings, Revenue, Bar Harbor Bankshares (BHB) Matches Q2 Earnings Estimates, -- Earnings Flash (BHB) BAR HARBOR BANKSHARES Posts Q2 Revenue $35.5M, -- Earnings Flash (BHB) BAR HARBOR BANK AND TRUST Posts Q2 EPS $0.70, Bar Harbor Bankshares Reports Second Quarter Results; Declares Dividend, Why Bar Harbor Bankshares (BHB) is a Top Dividend Stock for Your Portfolio. Registering shares in the name of a Trust requires that specific information be provided: the name of the trust and/or the maker or beneficiary and the date of the trust instrument. Confirm that Broadridge is the transfer agent - our namewill usually appear on your account statement. The Company also calculates core earnings per share based on its measure of core earnings. Transfer shares to your broker via the transfer process (see FAQ "Ownership Questions"). Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. The broker will then have the shares transferred from Broadridge to your brokerage account. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. Box 1342 Brentwood, NY 11717 Phone:1-877-456-4860 Fax:215-553-5402 shareholder@broadridge.com. Bar Harbor (BHB) Stock Jumps 8.6%: Will It Continue to Soar? DRIP - You may elect to have your dividends reinvested in any of the following ways: Make the selection via your online account. Please send us a letter of instruction signed by all registered owners stating your intent to transfer. Notice: This page details filings for BAR HARBOR BANKSHARES. If you do not have this information, you should call our Lost Securities Department at the 800 number on this site. Bar Harbor Bankshares, an independent community banking organization, encourages and supports the personal and professional development of its employees; dedicates itself to consistent service of the highest level for all customers; and recognizes its responsibility to be an active participant in, and advocate for, community growth and prosperity. We recommend that all certificates be sent by registered mail, return receipt requested. Despite continued inflationary pressures in fuel, energy, and transportation costs, were making progress on costs," said CEO Andy Jazzy. How can I sell my shares that are held in certificate form? There are many options when it comes to securities brokers, so make sure you are choosing one that will best suit your needs. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. USD | The Uniform Commercial Code (UCC) entitles transfer agents and corporate issuers to receive signature guarantees to protect them against fraudulent and unauthorized transfers. Common Equity / Tang. If you have not established an online account, you may follow the online instructions or contact us via the 800 number on your account statement or this site. Transfer agents are obligated to ensure that such stamps appear on the transfer documents and are entitled to refuse a transfer of shares if a signature is not guaranteed with a stamp. TheStreets Single Smartest Insight From The Day. This quarters record results speak to Apples constant efforts to innovate, said CEO Tim Cook. Notification via fax to: (215) 553-5402; attention Lost Securities Dept. The use of a first name is desirable. GAAP net income8,640 9,480 9,025 11,028 9,766 39,299 Plus (less):Gain sale of securities, net(3,959) - (50) (1,930) (890) (2,870) (Gain) loss on sale of fixed assets, net(122) 8 1 (146) 515 378 Loss on other real estate owned(11) - - - - - Loss on debt extinguishment- - - 1,768 1,083 2,851 Acquisition, restructuring and other expenses4,849 889 552 318 (92) 1,667 Income tax expense1(179) (213) (119) (2) (144) (479) Total core earnings2 (A)9,218$ 10,164$ 9,409$ 11,036$ 10,238$ 40,846$ Net-interest income(B)$25,362$23,422$22,754$25,582$23,81595,573 Plus: Non-interest income 14,723 10,248 9,505 11,350 11,158 42,261 Total Revenue 40,085 33,670 32,259 36,932 34,973 137,834 Plus: Gain on sale of securities, net (3,959) - (50) (1,930) (890) (2,870) Total core revenue2 (C)$36,126$33,670$32,209$35,002$34,083134,964 Total non-interest expense 27,816 22,491 21,724 23,372 22,921 90,508 Less: Gain (loss) on sale of premises and equipment, net122 (8) (1) 146 (515) (378) Less: Loss on other real estate owned11 - - - - - Less: Loss on debt extinguishment- - - (1,768) (1,083) (2,851) Less: Acquisition, restructuring and other expenses (4,849) (889) (552) (318) 92 (1,667) Core non-interest expense2 (D)$23,100$21,594$21,171$21,432$21,41585,612 YTD 2021Dollar values in thousands, except per share amounts or otherwise noted2020Q42021Q12021Q22021Q32021Q4, Non-GAAP to GAAP Reconciliations (continued)211Assumes a marginal tax rate of 23.71%.2Non-GAAP financial measure.3Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided bycore revenue on a fully taxable equivalent basis. For financial reporting, their fiscal year ends on December 31st. Visit your online account and change your investment elections in the appropriate plan section. Make the selection by filling out the form on your account statement and returning it to Broadridge. It is suggested that the shipment be insured for 2% of the current value of the shares. The Bank operates over 50 banking branches in Maine, New Hampshire, and Vermont. Bar Harbor Bankshares is a incorporated in the state of Maine. The following company has records linked to the trading symbol, Ownership Acquisition Statement [Amended]. 2022 Broadridge Financial Solutions, Inc. . ", Broadridge Corporate Issuer Solutions P.O. Company mailings, including dividends, will reach you through your broker. Please indicate if the registered stockholder is deceased so the appropriate documents may be forwarded to you. Your broker will ask for some basic information about your account, including: Your account number (obtain from your statement or online account), The number of shares you wish to transfer, Whether you hold your shares in DRS (book-entry) or certificate form. Bar Harbor Bankshares is primarely in the business of state commercial banks. DSPP Some companies offer DSPPs, so please visit your online account to determine if a plan is available to you. Action Alerts PLUS is a registered trademark of TheStreet, Inc. 5 RULES FOR TRADING DURING EARNINGS SEASON, MANAGING YOUR TRADING DURING A BEAR MARKET. To sell shares that are held in a plan, please refer to the FAQ section on "Stock and Dividend Plans. Note that all shares held in a plan will be in DRS (book-entry) form. A copy of the investor presentation is furnished as Exhibit 99.1 to this report and is incorporated by reference herein. For additional discussion of such factors, please see the Companys most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SECs website at www.sec.gov. Note that this is different from having your signature notarized. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Bar Harbor Bankshares. Title 17 of the Code of Federal Regulations. Analysts also rely on these measures in estimating and evaluating the Companys performance. Some plans do require that investors own a minimum number of shares prior to participating in a plan. In some cases additional documents will be required to complete the transfer. Changing plan electionsYou may change your plan investment decisions by taking the following steps: Selling shares held in a planYou may sell shares held in a plan by taking one of the following steps: When will I receive my 1099?Form 1099s are typically mailed or sent electronically in January according to IRS guidelines. A surety bond is typically obtained by paying a premium to the surety company equal to 2% of the current value of the shares being replaced. Include any additional instructions indicating how you wish the shares to be transferred. The Company is not undertaking an obligation to update forward-looking statements, even though its situation may change in the future, except as required under federal securities law.Non-GAAP Financial StatementsThis document contains certain non-GAAP financial measures in addition to results presented in accordance with accounting principles generally accepted in the United States of America (GAAP). If you keep your stock with your broker in a broker account, you are a "street name" holder and are not directly registered on the company's records as maintained by the transfer agent. Your corporation you own stock in may also support a stock sale plan. What are "street name shares" or "beneficial shares"? "We must and will do better. Signature Guarantee Programs have been developed and eligible financial institutions which subscribe to such programs are issued "Medallion Guarantee Stamps". Bar Harbor Bankshares (NYSE American: BHB) is the parent company of Bar Harbor Bank & Trust, a community bank founded in 1887 and headquartered in Bar Harbor, Maine. You can access your account information from our secure website by clicking on the Shareholder Login link, where you can view and manage the following: Use our Plan Wizard to make your initial investment. Bar Harbor Wealth Management provides trust services, investment management, estate planning, and financial advisory services for individuals, businesses, nonprofit organizations, and municipal clients throughout Northern New England. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Companys GAAP financial information. Example: Mary Smith & Barbara Smith Ten Com. Assets7.51%7.60%7.90%8.32%7.73%8.22%8.08%8.32%Tier 1 Leverage Ratio8.53%8.13%8.12%8.66%8.27%8.36%8.54%8.66%Total Risk-Based Capital Ratio14.23%13.61%13.56%14.32%13.83%13.96%14.12%14.32%Net Income$33.0$22.6$32.2$39.3$9.0$9.1$11.0$9.8Core ROAA0.99%0.82%0.93%1.10%1.11%1.01%1.16%1.07%Core ROAE9.79%7.65%8.68%9.87%10.14%9.14%10.39%9.60%Net Interest Margin2.87%2.77%2.97%2.88%2.78%2.67%2.75%2.79%Efficiency Ratio59.27%64.95%61.71%61.29%61.95%63.45%59.18%60.74%NPLs / Loans0.73%0.65%0.48%0.40%0.55%0.54%0.48%0.40%NPAs / Assets0.57%0.42%0.33%0.27%0.38%0.37%0.33%0.27%Reserves / Loans0.56%0.66%0.74%0.90%0.93%0.91%0.89%0.90%NCOs / Average Loans0.05%0.03%0.07%0.01%0.03%0.01%0.03%-0.02%Yield on Earning Assets4.00%4.14%3.87%3.33%3.46%3.24%3.41%3.10%Cost of Interest Bearing Deposits0.98%1.27%0.78%0.36%0.51%0.45%0.27%0.24%Cost of Total Interest Bearing Liabilities1.31%1.61%0.96%0.59%0.72%0.66%0.50%0.41%Current Stock Price$28.93Price / BV102%52 Week High$32.94Price / TBV146%52 Week Low$21.26Price / LTM EPS11.08xMarket Capitalization$434.0Dividend Yield3.32%Asset QualityYield and CostMarket Information For the Quarter Ended,Dollar values in millions, except per share amounts or otherwise notedFor the Year Ended,Balance SheetCapitalEarnings & Profitability, Non-GAAP to GAAP Reconciliations201Assumes a marginal tax rate of 23.71%.2Non-GAAP financial measure.3Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided bycore revenue on a fully taxable equivalent basis. real-time trade alerts, analysis of major market events, and key opportunities. Legal DisclaimerForward Looking StatementsCertain statements contained in this document that are not historical facts may constitute forward-looking statements within themeaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Act of1934, as amended (Exchange Act), and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Bar Harbor Bankshares (BHB) is a Top Dividend Stock Right Now: Should You Buy? below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425), Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12), Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)), Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act, Name of each exchange on which registered. How should shares for transfer be mailed to Broadridge? If you have lost your share certificates, we can help replace them, by following these steps: Broadridge Corporate Issuer SolutionsP.O. Several types of Joint Registration exist including Joint Tenants with right of survivorship, Tenants by the Entirety and Tenants in common. You will find the information under the "Dividend Payment Options" section of the website. These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Once you notify us of your certificate loss, we will initiate the process for you and then ask that you finalize the paperwork and submit the appropriate payment for processing. Broadridge will send you the documents necessary to obtain replacement certificates along with instructions to complete them. For example: Mary Smith Cust Don Smith NY Unif Trans Min Act. Bar Harbor Financial Services (a branch of Infinex Investments, Inc.) operates as an independent third party brokerage service to round out the Companys full service financial solutions to its customers and clients. Learn more at barharbor.bank and barharborwealth.com. This quarters results were below the standards we have set for the company and our shareholders," said CEO Pat Gelsinger. topics pulled from TheStreets premium content. Change your elections by completing the form on your account statement and returning it to Broadridge. The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, is intended to be furnished and will not be deemed to be filed for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of such section, nor will such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, except as may be expressly set forth by specific reference in such filing. These measures exclude amounts which the Company views as unrelated to its normalized operations, including securities gains/losses, acquisition costs, restructuring costs, legal settlements, and system conversion costs. There are several factors that could cause actual results to differ significantly from expectations described in the forward-looking statements, including deterioration in local economies or real estate markets or in the generaleconomy or financial markets, interest rate volatility, loss of deposits or changes in deposit mix, insufficient wholesale funding sources, competition from an ever-increasing array of financial service providers, and challenges from expansion, growth and acquisitions. Exclusive newsletter delivered to your inbox daily covering important investing Management also believes that the computation of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to other companies in the financial services industry. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust and fiduciary services, investment planning, education funding, individual retirement planning, insurance and risk management services. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). The Company views these amounts as important to understanding its operating trends, particularly due to the impact of accounting standards related to acquisition activity. You will find the information under the "Plan Purchase Options" section of the website. Otherwise, if your shares are not part of such plans, you must take your certificate(s) to a securities broker to sell the shares. Registered shareholders receive dividends, proxies and other communications directly from the corporation via the transfer agent or the corporation directly. A custodial registration requires the names of the custodian and the beneficial owner. Example: Mary Smith & Barbara Smith Jt Ten, This registration allows an appropriate portion of the shares to pass to the estate of the holder upon the holder's death rather than to the surviving tenant. Securities and Exchange Commission (SEC) regulations define the financial institutions that are eligible to provide such signature guarantees, e.g., commercial banks, brokers, credit unions, savings and loan institution. A notary stamp is not acceptable when transferring the ownership of stock. 7021: Chartered Banks State Commercial Banks 6022, Director; President and Chief Executive Officer of the Company and BHBT, Executive Vice President, Chief Financial Officer and Treasurer of the Company and BHTS, Executive Vice President, Chief Operating Officer and Chief Risk Officer of BHBT, Executive Vice President and Chief Lending Officer of BHBT, Executive Vice President and Director of Retail Delivery of BHBT, Senior Vice President and Chief Human Resources Officer of BHBT, Bar Harbor Bank & Trust / Bar Harbor Bankshares. Broadridge can support the sale of your shares if they are held in DRS (no certificates) as part of a Dividend Reinvest Plan (DRIP), Employee Stock Purchase Plan (ESPP) or Direct Stock Purchase Plan (DSPP). 22, Assets:$3,709Net Loans:$2,509Deposits:$3,049Shareholder Equity:$424NPAs / Total Assets:0.27%Employees (FTE):423 Core Return on Average Assets21.07%Core Return on Average Equity29.60%Net Interest Margin22.79%Stock Price$28.93Market cap (MM)$434Price / LTM Core EPS11.08xPrice / Tangible Book Value (Non GAAP)146%Dividend Yield3.32%Overview of Bar Harbor Bank & TrustWe strive to be one of the most profitable banks in New England; and to provide exceptional service to people, businesses and communities we serveBusiness overviewOver 50 locations spanning Northern New England1$2.5 billion in AUM in wealth management and trustCommercial LPO office in Portland, MaineA second LPO is scheduled to open in VermontDiverse fee income sources have been developedSeasoned management team with strong market knowledge and industry experienceTrack record of generating growthEmployee and customer experience is the foundation of superior performance, which leads to significant financial benefit to shareholdersStrong commitment to risk managementContinued commitment to expanding customer services and products, while growing and diversifying our non-interest income sourcesInvestment in process, products, technology, training, leadership and infrastructureExpansion of the Companys brand and business to deepen market presence3Company OverviewSource: Company filings, includes banking, lending and wealth management service locations across ME, VT and NH1Locations include banking, lending and wealth management services2Ratios calculated on quarter-to-date basisKey Statistics as of December 31, 2021Market Data, Positioned for Future Success52012 -2016Expanded key executives Acquired Border Trust Company (2012)Acquired Lake Sunapee Bank Group (2016)2017 -2019Expanded key lending and retail executivesUpgraded core systemsExpanded treasury services BusinessExpanded footprint in critical Southern New Hampshire and Central Maine geographies2020 and BeyondBranch acquisition and divestiture activitiesExecuted on several profitability initiativesFocusing on diversifying income and opportunistically position the balance sheetMerging wealth business & upgrading systems, Seasoned Management TeamSeasoned LeadershipExecutive team has an average of over 26 years experienceColleagues understand the value of working together to deliver results6Curtis C. SimardPresident & Chief Executive OfficerJoined as President and CEO of Bar Harbor Bank & Trust in June of 2013Served as Managing Director of Corporate Banking for TD BankOver 25+ years of industry experienceJosephine IannelliEVP, Chief Financial Officer & TreasurerJoined in October of 2016Served as EVP, CFO & Treasurer of Berkshire Hills Bancorp as well as various management positions at PNCOver 25+ years of industry experienceJennifer SvensonSVP, Human ResourcesJoined in June of 2019Has over 30+ years of experience in human resources across various financial services industriesMarion ColomboEVP, Director of Retail DeliveryJoined in February of 2018Over 30+ years of experience, including Market President of Retail for TD Bank in BostonJohn MercierEVP, Chief Lending OfficerJoined in April of 2017Over 30+ years of experience in lending throughout the NortheastJohn WilliamsSVP, Chief Risk OfficerJoined in December of 20149+ years in various risk management roles within bankingJason EdgarPresident Bar Harbor Trust Services and Charter Trust CompanyJoined in June of 2019Served as SVP, Director of Wealth Management at Berkshire Hills Bancorp and has over 20+ years industry experienceJoseph ScullySVP, Chief Information Officer & Director of OperationsJoined in January of 2015Over 30+ years of experience in operations, technology & security experience, including the Department of Defense and Financial Institutions, Committed to Building Thriving CommunitiesVolunteer community service hours.
How To Wear Crawler Earrings, How Does Ransomware Spread Through A Network, Modern Black Bed Frame Queen, Modern Bedroom Dresser Sets, Best Capsaicin Cream For Arthritis, Brown Leather Block Heel Sandals, Things To Do In The Smoky Mountains, Brooks Brothers White Shirt, Allover Floral Print Ruffle Trim Bustier Cami Dress, Light Blue Cargo Pants Mens, Purple Teddy Bear Baby Shower,
