If the stock issuer supports these stock options, you may deposit your certificated share(s) into the DRS Book Entry form or Plan form in order to sell through Broadridge. Title 17 of the Code of Federal Regulations. 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. Registered shareholders receive dividends, proxies and other communications directly from the corporation via the transfer agent or the corporation directly. Joint Tenants with Rights of Survivorship, This registration is used when two or more individuals have equal claim to the shares. 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. 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. Include any additional instructions indicating how you wish the shares to be transferred. 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. IMPORTANT: You must be able to provide the name of the security, the certificate number(s), the name of the registered owner(s), and the number of shares in all communications. 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. There are many options when it comes to securities brokers, so make sure you are choosing one that will best suit your needs. If you wish to move your shares from registered to beneficial ownership, Broadridge or your broker will help you do so. real-time trade alerts, analysis of major market events, and key opportunities. Please refer to page two of the Legal Transfer Form for additional document requirements based on your stock transferring situation. A registered shareholder is the owner of record on the books of the corporation, generally kept by the transfer agent. A notary stamp is not acceptable when transferring the ownership of stock. 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. 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. The signature(s) must be guaranteed by a financial institution participating in an officially recognized Medallion Signature Guarantee Program (see below). The Company also adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community. 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. 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. Confirm that Broadridge is the transfer agent - our name will usually appear on the certificate. 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. 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). A custodial registration for a minor is a common form of this registration type. Bar Harbor Bankshares is primarely in the business of state commercial banks. DRIPs offer shareholders the convenience of reinvesting dividends, minimizing the expense and effort associated with dividend checks. This quarters record results speak to Apples constant efforts to innovate, said CEO Tim Cook.
If so, you may enroll in the plan in any of the following ways: Make the investment via your online account. We recommend that all certificates be sent by registered mail, return receipt requested. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. There are several custodial registrations possible.
Certificates will not be issued for shares held in a plan. Dividend Reinvest Plans (DRIP) and Direct Stock Purchase Plans (DSPP) are plans provided on behalf of corporations to simplify investment activity. Box 1342Brentwood, NY 11717. 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). These instructions should provide the name, address and social security number for each transferee and should indicate the number of shares to be transferred. Make the selection by filling out the form on your account statement and returning it to Broadridge. Should one of the parties die, ownership of the shares passes to the surviving tenant(s). Please indicate if the registered stockholder is deceased so the appropriate documents may be forwarded to you. These instructions should provide the name, address and Social Security Number for each transferee and should indicate the number of shares to be transferred. You should receive your 1099 by mid-February. Analysts also rely on these measures in estimating and evaluating the Companys performance. 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. Learn more at barharbor.bank and barharborwealth.com. How can I sell my shares that are held in certificate form? Stocks with insider trader activity include BHB, OAK and CVCO, Stocks with insider trader activity include WSTG, CMPR and BHB, Stocks with insider trader activity include RYL, BHB and AAL, Stocks with insider trader activity include GSBC, BHB and OLBK, Stocks with insider trader activity include BHB, CAR and LIN. Transfer shares to your broker via the transfer process (see FAQ "Ownership Questions"). PURSUANT TO SECTION 13 OR 15(D) OFTHE SECURITIES EXCHANGE ACT OF 1934, Date of Report (Date of earliest event reported): February 28, 2022, (Exact Name of Registrant as Specified in its Charter), (State or Other Jurisdiction)of Incorporation), Registrants telephone number, including area code: (207) 288-3314, (Former Name or Former Address, if Changed Since Last Report). The use of a first name is desirable. The Company views these amounts as important to understanding its operating trends, particularly due to the impact of accounting standards related to acquisition activity. Note that this is different from having your signature notarized. 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. 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. Example: Mary Smith is preferred instead of M Smith. Bar Harbor Bankshares is a incorporated in the state of Maine. Bar Harbor Bankshares Authorizes Buyback Program of up to 751,000 Shares, Bar Harbor Bankshares announces stock buyback plan, https://www.barharbor.bank/about-us/shareholder-relations/shareholder-relations, Annualized Standard Deviation of Monthly Returns (5Y Lookback), Monthly Value at Risk (VaR) 5% (5Y Lookback). Confirm that Broadridge is the transfer agent - our namewill usually appear on your account statement. You may obtain a surety bond from our independent insurance provider, The Chubb Corporation. A copy of the investor presentation is furnished as Exhibit 99.1 to this report and is incorporated by reference herein. 2022 TheStreet, Inc. All rights reserved. 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. Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. The costs associated with DSPPs may be higher or lower than the costs of using a broker. TheStreets Single Smartest Insight From The Day. . Action Alerts PLUS is a registered trademark of TheStreet, Inc. 5 RULES FOR TRADING DURING EARNINGS SEASON, MANAGING YOUR TRADING DURING A BEAR MARKET. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. A members-only investing club that helps you grow your portfolio with Otherwise, if your shares are not part of such plans, you must take your certificate(s) to a securities broker to sell the shares. actually invest, trade, and manage money for a living. The broker will then have the shares transferred from Broadridge to your brokerage account. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. 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. 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. Please send us a letter of instruction signed by all registered owners stating your intent to transfer. Change your elections by completing the form on your account statement and returning it to Broadridge. 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. 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. 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. 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. 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. 
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