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Acquisitions: 2008 Union Bankshares 2012 Bank of America (14 branches) 2015 The Bank of Maine 3 Year 5 Year 10 Year Total Return 15.5% 28.0% 175.2% TBV/Sh CAGR 11.7% 10.0% 7.2% EPS CAGR 10.7% 12.3% 8.8% Total Assets CAGR 8.6% 7.3% 9.1%
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15 Year Stock price appreciation of 72.28% Average dividend yield of 2.99%
TBV Per Share(a) Dividends as a % of Net Income • • • •
Top 15 Lenders Origination Units Rank % of Total Bangor Savings Bank 1,080 1 10.2% Quicken Loans 732 2 6.9% Camden National Bank 698 3 6.6% First, N.A. 421 4 4.0% USA - various agencies 394 5 3.7% Kennebec Savings Bank 388 6 3.7% United Wholesale Mortgage 384 7 3.6% Key Bank 353 8 3.3% Machias Savings Bank 325 9 3.1% TD Bank, N.A. 289 10 2.7% Gorham Savings Bank 234 11 2.2% Norway Savings Bank 217 12 2.0% Atlantic Regional Federal Credit Union 156 13 1.5% Wells Fargo Bank 148 14 1.4% Androscoggin Savings Bank 147 15 1.4% All Other Lenders 4,648 - 43.6% Total 10,614 100.0% Three Months Ended March 31, 2022
Tangible Common Equity Ratio and Adjusted Tangible Common Equity to Adjusted Assets: (In thousands, except ratios) 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 3/31/2022 Shareholders' equity 403,413$ 435,825$ 473,415$ 529,314$ 541,294$ 482,446$ Less: goodwill and other intagible assets (99,652) (98,927) (98,222) (97,540) (96,885) (96,729) Tangible shareholders' equity 303,761 336,898 375,193 431,774 444,409 385,717 Plus: Unrealized Loss (Gain) on AFS investments, net of tax 8,529 17,826 (3,250) (29,311) 1,173 73,984 Adjusted tangible shareholders' equity 312,290 354,724 371,943 402,463 445,582 459,702 Total assets 4,065,398 4,297,435 4,429,521 4,898,745 5,500,356 5,420,415 Less: goodwill and other intagible assets (99,652) (98,927) (98,222) (97,540) (96,885) (96,729) Tangible Assets 3,965,746 4,198,508 4,331,299 4,801,205 5,403,471 5,323,686 Plus: Unrealized Loss (Gain) on AFS investments 13,121 22,506 (5,270) (37,339) 1,494 94,248 Adjusted Tangible Assets 3,978,867$ 4,221,014$ 4,326,030$ 4,763,866$ 5,404,966$ 5,417,933$ Shareholders' Equity / Total Assets (GAAP) 9.92% 10.14% 10.69% 10.81% 9.84% 8.90% Tangible Common Equity Ratio (non-GAAP) 7.66% 8.02% 8.66% 8.99% 8.22% 7.25% Adjusted Tangible Common Equity / Adjusted Tangible Assets (non-GAAP) 7.85% 8.40% 8.60% 8.45% 8.24% 8.48%