BAR HARBOR BANKSHARES

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

BHB$41.01-0.6%Stored close · as of Nov 6, 2026

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Contents

Average Balances and Average Yields/Rates

AVERAGE BALANCES AND AVERAGE YIELDS/RATES** (UNAUDITED)**

The following tables present average balances and average yields and rates on an annualized fully taxable equivalent basis for the periods included:


	Three Months Ended March 31,
· · 2024 · · 2023
· · Average · · · · · Yield/ · · Average · · · · · Yield/
(in thousands, except ratios) · Balance · Interest(3) · Rate(3) · · Balance · Interest(3) · Rate(3)
Assets · · · · · · ·
Interest-earning deposits with other banks		$36,608	$535	5.88%	$19,819	$209	4.28%
Securities available for sale and FHLB stock(2)(3)		604,658	6,040	4.02	643,523	5,807	3.66
Loans:
Commercial real estate		1,558,506	21,187	5.47	1,505,681	18,862	5.08
Commercial and industrial		464,762	7,718	6.68	413,921	6,009	5.89
Residential		884,767	9,004	4.09	902,348	8,260	3.71
Consumer		96,163	1,726	7.22	100,124	1,572	6.37
Total loans (1)		3,004,198	39,635	5.31	2,922,074	34,703	4.82
Total earning assets		3,645,464	46,210	5.10%	3,585,416	40,719	4.61%
Other assets		292,541			299,516
Total assets		$3,938,005			$3,884,932

Liabilities
Interest-bearing demand deposits		$899,349	$3,000	1.34%	$883,134	$1,106	0.51%
Savings		552,231	863	0.63	646,291	485	0.30
Money market		390,720	2,986	3.07	481,951	2,542	2.14
Time deposits		738,683	7,683	4.18	342,994	1,132	1.34
Total interest bearing deposits		2,580,983	14,532	2.26	2,354,370	5,265	0.91
Borrowings		298,918	3,236	4.35	398,837	4,180	4.25
Total interest bearing liabilities		2,879,901	17,768	2.48%	2,753,207	9,445	1.39%
Non-interest bearing demand deposits		554,816			651,885
Other liabilities		67,561			72,693
Total liabilities		3,502,278			3,477,785

Total shareholders' equity		435,727			407,147

Total liabilities and shareholders' equity		$3,938,005			$3,884,932

Net interest spread				2.62%			3.22%
Net interest margin				3.14			3.54

(1)	The average balances of loans include non-accrual loans and unamortized deferred fees and costs.

(2)	The average balance for securities available for sale is based on amortized cost.

(3)	Fully taxable equivalent considers the impact of tax-advantaged securities and loans.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.