Company Overview - Camden National Corporation has \$7 billion in assets, \$5 billion in loans, and \$56 billion in deposits [7] - The company has over 700 employees and 73 branches [7] - The company's market capitalization is \$739 million [7] Acquisition of Northway Financial - Camden National Corporation completed its acquisition of Northway Financial, Inc on January 2, 2025 [18] - The purchase price was \$965 million, based on Camden National's closing stock price of \$4225 on January 2, 2025 [20] - The merger is expected to result in 20% GAAP EPS accretion in 2025 and 33% in 2026 [19] Loan and Deposit Portfolio - The loan portfolio is well-diversified, with 43% in residential real estate, 42% in commercial real estate, 9% in commercial loans, and 6% in home equity and consumer loans [28] - Total loans amount to \$41 billion [28] - The company's deposits total \$46 billion, with 33% in savings/money market accounts, 32% in interest-checking accounts, 20% in noninterest-checking accounts, 11% in CDs, and 4% in brokered deposits [45] Financial Performance - Net income for the fourth quarter of 2024 was \$147 million, a 12% increase compared to the third quarter of 2024 [69] - Non-interest income is 25% of total revenue [50] - Assets Under Management (AUM) reached \$21 billion, up 12% year-over-year [50]