# KATAHDIN
Millinocket, ME · NCUA charter 9348 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/katahdin-9348

Who the members are: federal charter, community charter, organized 1954, low-income designated. 7,856 members of 186,000 potential (4.2% of the field); checking penetration 47% (share draft accounts per 100 members); loans per 100 members 77.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $109.7M |
| Members | 7,856 (-1.6% YoY) |
| Full-time staff | 22 |
| Net worth | $17.9M |
| Net worth ratio | 16.3% (p88 of band) |
| ROA (annualized) | 1.22% (p79 of band) |
| Total delinquency | 0.77% (p61 of band) |
| Net charge-offs (annualized) | 0.29% (p44 of band) |
| Loans / shares | 78% (p66 of band) |
| Cash / assets | 25.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.29% (p83 of band) |
| Operating expense / assets | 3.80% (p56 of band) |
| Vehicles % of loans | 38% (p52 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 58% |
| Third-party paper % of net worth | 118% (p73 of band) |
| Vehicle delinquency | 0.59% (p52 of band) |
| Vehicle NCO | 0.06% (p20 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 40% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 68% |
| Certificates % of member funds | 24% |
| Average share balance | $6,468 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 77% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $11,801 |
| Loans granted, annualized | $22.4M |

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | delinquency 2x band |  |
| 2016-06 | 0 |  | delinquency 2x band |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | net worth falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | delinquency rising, 3rd-party paper>100% NW | net worth falling |
| 2017-09 | 3 | delinquency 2x band |  |
| 2017-12 | 1 |  | delinquency rising, delinquency 2x band |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | net worth falling |  |
| 2018-09 | 1 |  | net worth falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | margin squeeze |  |
| 2020-09 | 3 | net worth falling |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 | delinquency 2x band | net worth falling |
| 2021-09 | 2 |  | delinquency 2x band |
| 2021-12 | 1 |  | margin squeeze |
| 2022-03 | 0 |  | 3rd-party paper>100% NW |
| 2022-06 | 1 | 3rd-party paper>100% NW |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | repo signal |  |
| 2024-09 | 1 |  | delinquency rising, repo signal |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 3 | net worth falling, delinquency rising |  |
| 2025-09 | 1 |  | net worth falling, delinquency rising |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-02 [Katahdin Trust welcomes Cooley as branch manager - thecounty.me](https://news.google.com/rss/articles/CBMimgFBVV95cUxPNDhKYkx6UEt6eWF6VFVHcGhiZG9LVTVnWmt4RTFmREJtbjNjbUtmVGdGRFBpT1FaeHlPOWxtZUkyM1JiZDVSdG0xYkJ3ckJJNk5kNzZmRWVLUEZMdVd5V0RMMWlMY25jcFBuSVZ5WjAtaVJkUW9UZGYxLURoTEFaLWQ0RFNLZi0xeUVOdDU2blVuVlpnZkxNQ293?oc=5) · thecounty.me
- 2025-12-17 [Maine - Newsweek Rankings](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPOFZxMXZybnh2V01ISTNpaFFJU0R4M1o4RllmMHlkRTZmLTJNanlRTWZBa210Rk5Ld25sMzNOWGcyUHViTEFTSVhoeUx0SnpMSENMNld4TkExVUlndW1mai1VbzcxNzhnblZjZFJXTlJyQzBacldMNElia2R1ZlpDZ2lvYVZfdlFIWW1z?oc=5) · Newsweek Rankings
- 2023-08-24 [Maine Family FCU appoints CFO with extensive credit union experience - mainebiz.biz](https://news.google.com/rss/articles/CBMinwFBVV95cUxQNVFLU3N0OWxSeWp6UFpTbFgxcUhweWFfQ3lFM196WjctLTVnajZCTDZRLWIzSEY5WWRhMWdiM2FjTGtyZWtORVVOY1ZwTVVJZDBqXzlSQWpNUnZKSmRpZ1lhTER6NERoR1Z5RWpiWmdXVUF4N2h0dDV1Rk9hQi1JWm8zUmtwa1lhT1FEQTVaNXFzUnhpTDQxV2xDNFU3Rmc?oc=5) · mainebiz.biz
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Maine - Newsweek Rankings](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOb0VzQlZYRkxOZzhJRVpRdTQteTk0bWg2TU1GNG81MktkNTU4TV8xcEVTVF85SHJMQ0M0NG11ekFXQ1NOamxwd2FNb0I1aW8xWEFKMGJhT3NLWUNuRklnelhtWkxPY00zOW5iZkdLdFJYT09nYWYtYzlXWDJKMjBnRWtfUkRQWTFMTE0w?oc=5) · Newsweek Rankings
- 2026-06-26 [Everything first-time visitors should know about Baxter State Park and Katahdin - Bangor Daily News](https://news.google.com/rss/articles/CBMirwFBVV95cUxQYmZoeGhNRzNDZ3NwV3luREVMNmRQdmJBdFFoeGxIeGl4bzBnQVRENzRTVUZ5WGtfWHV0c0tkZGhBTVgwb2RaUDUzUmZweEsxWU5aalNtdlQ1M3hNWmZRcjFzWDNheWRQY2E5ZVpNZ2xhaGtsaDhGMU5NUEo1dlpIdnZfaGNLMzc1QWNlY05HTGl2aGRJNkhCWjJMcTdKMlFqWEhJTUhnZ09GcUF4YkFj?oc=5) · Bangor Daily News
- 2025-02-21 [Katahdin Trust promotes Cadigan to branch manager, community banking officer - thecounty.me](https://news.google.com/rss/articles/CBMivwFBVV95cUxPckVEamZLbUtWUlA2dE5xZXNhREJxdktPaTlickY2MmY0LUt5cDR3MldRQXBsVEtZaUlreGxPQ3ZkUU1wM3Ezd0x4VUZzNmxtTjMtZFRTUTdpNjRleFpvVjdtTnRMaHJXWVlNSVhuSXg0Y3NuUVZjLVhqZmtsN1VXMTJLdWQyZk52aUwxSE8yTE1IMmRDRnpmNTFsUjdNeVN6VDE5OTQzODdXWUNCYnllZnNKQUZQLVpXdGhlLWRnWQ?oc=5) · thecounty.me
- 2024-10-30 [Perkins and Brown seek House District 31 seat - Piscataquis Observer](https://news.google.com/rss/articles/CBMijwFBVV95cUxNTDNHQUMyN0o0b0tqUlNHOFFoMExzOHlabUNQVXNxS2V6QmFwOEw2MTlVa1dITVdKV2tkTnRiLWt2TXRuelF5dFBNd0pYZTBzVjNCX3RLU1pSWW1nQ3NHajRRYlkybml2clFsNFNRaW9XQ1kxeUc5Z1RkaHpCczVmcTNobGxac0dCbWt1MXNKYw?oc=5) · Piscataquis Observer
- 2023-02-16 [With Millinocket proposal, salmon farming would head north - mainebiz.biz](https://news.google.com/rss/articles/CBMikAFBVV95cUxOQnZ6RE9mUHF4c294Q3p6ZGlnbDJQY2hRc1AwRlBpcm1lSVlZOVVZbDNFa29VMVpaVk1nTzVmbDd3Rm1lNHFVWEg5SmZ2X0xWUU5nU1h5OUxFMmgzazgtRWU3Qm95dFktUmV1MWlkRGRqTk1iQm0wYmJEaGpmd0hCNlNRbVMySW5BNENoelFLZGY?oc=5) · mainebiz.biz

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9348 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/4.json (key "9348", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=9348
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide