Katahdin Bankshares Corp
Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank that provides a range of commercial and retail banking services for individuals and businesses in Maine. It offers various deposit products comprising checking, savings, money market, NOW, individual retirement, health savings, and Coverdell education savings accounts, as w… Read more
Katahdin Bankshares Corp (KTHN) - Net Assets
Latest net assets as of June 2025: $95.73 Million USD
Based on the latest financial reports, Katahdin Bankshares Corp (KTHN) has net assets worth $95.73 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.09 Billion) and total liabilities ($991.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $95.73 Million |
| % of Total Assets | 8.81% |
| Annual Growth Rate | 4.09% |
| 5-Year Change | 27.48% |
| 10-Year Change | 23.52% |
| Growth Volatility | 7.83 |
Katahdin Bankshares Corp - Net Assets Trend (2010–2023)
This chart illustrates how Katahdin Bankshares Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Katahdin Bankshares Corp (2010–2023)
The table below shows the annual net assets of Katahdin Bankshares Corp from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $87.81 Million | +10.22% |
| 2022-12-31 | $79.66 Million | -4.71% |
| 2021-12-31 | $83.60 Million | +9.71% |
| 2020-12-31 | $76.20 Million | +10.63% |
| 2019-12-31 | $68.88 Million | -3.07% |
| 2018-12-31 | $71.06 Million | +6.37% |
| 2017-12-31 | $66.80 Million | +3.70% |
| 2016-12-31 | $64.42 Million | +3.30% |
| 2015-12-31 | $62.36 Million | -12.28% |
| 2014-12-31 | $71.09 Million | +20.56% |
| 2013-12-31 | $58.96 Million | +1.45% |
| 2012-12-31 | $58.12 Million | +5.48% |
| 2011-12-31 | $55.10 Million | +5.73% |
| 2010-12-31 | $52.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Katahdin Bankshares Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 180.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $91.19 Million | 103.85% |
| Total Equity | $87.81 Million | 100.00% |
Katahdin Bankshares Corp Competitors by Market Cap
The table below lists competitors of Katahdin Bankshares Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Leenos Corp
KQ:039980
|
$63.07 Million |
|
Geox S.p.A
PINK:GXSBF
|
$63.07 Million |
|
WESTERN INV.CO.OF CANADA
F:1KC
|
$63.08 Million |
|
Geumhwa Plant Service & Construction Co. Ltd
KQ:036190
|
$63.09 Million |
|
Actinogen Medical Limited
PINK:ATGGF
|
$63.06 Million |
|
HF FOODS GRP INC.DL-0001
F:3GX
|
$63.03 Million |
|
Som Distilleries & Breweries Limited
NSE:SDBL
|
$63.03 Million |
|
Bogazici Beton Sanayi ve Ticaret AS
IS:BOBET
|
$63.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Katahdin Bankshares Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 79,664,000 to 87,806,000, a change of 8,142,000 (10.2%).
- Net income of 9,907,000 contributed positively to equity growth.
- Dividend payments of 1,948,000 reduced retained earnings.
- Share repurchases of 1,871,000 reduced equity.
- Other factors increased equity by 2,054,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.91 Million | +11.28% |
| Dividends Paid | $1.95 Million | -2.22% |
| Share Repurchases | $1.87 Million | -2.13% |
| Other Changes | $2.05 Million | +2.34% |
| Total Change | $- | 10.22% |
Book Value vs Market Value Analysis
This analysis compares Katahdin Bankshares Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.12x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $19.62 | $21.89 | x |
| 2018-12-31 | $20.87 | $21.89 | x |
| 2019-12-31 | $20.44 | $21.89 | x |
| 2020-12-31 | $22.87 | $21.89 | x |
| 2021-12-31 | $25.16 | $21.89 | x |
| 2022-12-31 | $24.31 | $21.89 | x |
| 2023-12-31 | $27.45 | $21.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Katahdin Bankshares Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.28%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.29%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.78x
- Recent ROE (11.28%) is above the historical average (9.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 9.11% | 15.69% | 0.06x | 9.78x | $-462.70K |
| 2011 | 8.28% | 15.13% | 0.06x | 9.58x | $-949.10K |
| 2012 | 7.50% | 14.44% | 0.05x | 9.90x | $-1.45 Million |
| 2013 | 6.53% | 12.87% | 0.05x | 10.96x | $-2.05 Million |
| 2014 | 5.99% | 13.92% | 0.05x | 9.38x | $-2.85 Million |
| 2015 | 9.13% | 17.50% | 0.04x | 13.33x | $-458.40K |
| 2016 | 7.47% | 16.30% | 0.04x | 11.71x | $-1.63 Million |
| 2017 | 6.52% | 14.57% | 0.04x | 11.90x | $-2.33 Million |
| 2018 | 10.13% | 23.46% | 0.04x | 11.30x | $91.30K |
| 2019 | 11.85% | 25.08% | 0.04x | 12.35x | $1.27 Million |
| 2020 | 12.49% | 26.62% | 0.04x | 12.30x | $1.90 Million |
| 2021 | 11.33% | 26.48% | 0.04x | 11.25x | $1.11 Million |
| 2022 | 12.21% | 26.44% | 0.04x | 12.35x | $1.76 Million |
| 2023 | 11.28% | 25.29% | 0.04x | 11.78x | $1.13 Million |
Industry Comparison
This section compares Katahdin Bankshares Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Katahdin Bankshares Corp (KTHN) | $95.73 Million | 9.11% | 10.36x | $63.06 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |