Camden National Corp Files 2024 10-K

Ticker: CAC · Form: 10-K · Filed: 2025-03-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, annual-report, financials, banking

TL;DR

Camden National Corp (CAC) filed its 2024 10-K. Full financials out.

AI Summary

Camden National Corporation filed its 2024 10-K on March 7, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial performance and operations as a national commercial bank. Key financial data and operational aspects for the fiscal year 2024 are presented, along with comparative figures from previous years.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Camden National Corporation's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Numbers

2024 — Fiscal Year (The primary year for which financial data is reported in this 10-K.)
2023 — Prior Fiscal Year (Comparative financial data from the previous year.)
2022 — Prior Fiscal Year (Comparative financial data from two years prior.)

Key Players & Entities

CAMDEN NATIONAL CORP (company) — Filer of the 10-K
0000750686-25-000044 (accession_number) — Accession number for the filing
20250307 (date) — Filing date
20241231 (date) — Fiscal year end
ME (location) — State of incorporation
04843 (zip_code) — Business and mail address zip code
2072368821 (phone_number) — Business phone number

FAQ

What is Camden National Corporation's primary business activity?

Camden National Corporation operates as a national commercial bank, as indicated by its Standard Industrial Classification code [6021].

When was this 10-K filing submitted to the SEC?

The filing was submitted on March 7, 2025.

What is the fiscal year end date for Camden National Corporation?

The fiscal year end date is December 31.

In which state is Camden National Corporation incorporated?

Camden National Corporation is incorporated in Maine (ME).

What is the SEC file number for Camden National Corporation?

The SEC file number is 001-13227.

From the Filing

0000750686-25-000044.txt : 20250307 0000750686-25-000044.hdr.sgml : 20250307 20250307135246 ACCESSION NUMBER: 0000750686-25-000044 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 147 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250307 DATE AS OF CHANGE: 20250307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMDEN NATIONAL CORP CENTRAL INDEX KEY: 0000750686 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 010413282 STATE OF INCORPORATION: ME FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13227 FILM NUMBER: 25719061 BUSINESS ADDRESS: STREET 1: TWO ELM ST CITY: CAMDEN STATE: ME ZIP: 04843 BUSINESS PHONE: 2072368821 MAIL ADDRESS: STREET 1: 2 ELM ST CITY: CAMDEN STATE: ME ZIP: 04843 10-K 1 cac-20241231.htm 10-K cac-20241231 false 2024 FY 0000750686 http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss http://fasb.org/us-gaap/2024#FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss P3Y P0Y P0Y http://fasb.org/us-gaap/2024#IncomeTaxExpenseBenefit iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure cac:security cac:loan cac:employee 0000750686 2024-01-01 2024-12-31 0000750686 2024-06-30 0000750686 2025-02-25 0000750686 2024-12-31 0000750686 2023-12-31 0000750686 2023-01-01 2023-12-31 0000750686 2022-01-01 2022-12-31 0000750686 us-gaap:DebitCardMember 2024-01-01 2024-12-31 0000750686 us-gaap:DebitCardMember 2023-01-01 2023-12-31 0000750686 us-gaap:DebitCardMember 2022-01-01 2022-12-31 0000750686 us-gaap:DepositAccountMember 2024-01-01 2024-12-31 0000750686 us-gaap:DepositAccountMember 2023-01-01 2023-12-31 0000750686 us-gaap:DepositAccountMember 2022-01-01 2022-12-31 0000750686 us-gaap:FiduciaryAndTrustMember 2024-01-01 2024-12-31 0000750686 us-gaap:FiduciaryAndTrustMember 2023-01-01 2023-12-31 0000750686 us-gaap:FiduciaryAndTrustMember 2022-01-01 2022-12-31 0000750686 us-gaap:CommonStockMember 2021-12-31 0000750686 us-gaap:RetainedEarningsMember 2021-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000750686 2021-12-31 0000750686 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000750686 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0000750686 us-gaap:CommonStockMember 2022-12-31 0000750686 us-gaap:RetainedEarningsMember 2022-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000750686 2022-12-31 0000750686 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000750686 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000750686 us-gaap:CommonStockMember 2023-12-31 0000750686 us-gaap:RetainedEarningsMember 2023-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000750686 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0000750686 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0000750686 us-gaap:CommonStockMember 2024-12-31 0000750686 us-gaap:RetainedEarningsMember 2024-12-31 0000750686 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000750686 cac:CCTAAndUBCTMember 2024-12-31 0000750686 us-gaap:USStatesAndPoliticalSubdivisionsMember 2024-12-31 0000750686 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2024-12-31 0000750686 cac:CollateralizedMortgageObligationsIssuedByUnitedStatesGovernmentSponsoredEnterprisesMemb