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BASIS OF PRESENTATION | 6 Months Ended
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Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BASIS OF PRESENTATION | BASIS OF PRESENTATION The accompanying unaudited consolidated interim financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures required by accounting principles generally accepted in the United States of America for complete presentation of financial statements. In the opinion of management, the consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the consolidated statements of condition of Camden National Corporation (the "Company") as of June 30, 2019 and December 31, 2018, the consolidated statements of income for the three and six months ended June 30, 2019 and 2018, the consolidated statements of comprehensive income for the three and six months ended June 30, 2019 and 2018, the consolidated statements of changes in shareholders' equity for the three and six months ended June 30, 2019 and 2018, and the consolidated statements of cash flows for the six months ended June 30, 2019 and 2018. The consolidated financial statements include the accounts of the Company and Camden National Bank (the "Bank"), a wholly-owned subsidiary of the Company (which includes the consolidated accounts of Healthcare Professional Funding Corporation ("HPFC"), Property A, Inc. and Property P, Inc.). All intercompany accounts and transactions have been eliminated in consolidation. Assets held by the Bank in a fiduciary capacity, through Camden National Wealth Management, a division of the Bank, are not assets of the Company and, therefore, are not included in the consolidated statements of condition. The Company also owns 100% of the common stock of Camden Capital Trust A and Union Bankshares Capital Trust I; these entities are unconsolidated subsidiaries of the Company. Certain reclassifications have been made to prior period amounts to conform to the current period presentation. Such reclassifications did not impact net income or shareholders' equity as previously reported. Net income reported for the three and six months ended June 30, 2019, is not necessarily indicative of the results that may be expected for the full year. The information in this report should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018. The acronyms, abbreviations and definitions identified below are used throughout this Form 10-Q, including Part I. "Financial Information" and Part II. "Management's Discussion and Analysis of Financial Condition and Results of Operations." The following is provided to aid the reader and provide a reference page when reviewing these sections of the Form 10-Q.
AFS: | Available-for-sale |  | GAAP: | Generally accepted accounting principles in the United States
ALCO: | Asset/Liability Committee |  | HPFC: | Healthcare Professional Funding Corporation, a wholly-owned subsidiary of Camden National Bank
ALL: | Allowance for loan losses |  | HTM: | Held-to-maturity
AOCI: | Accumulated other comprehensive income (loss) |  | IRS: | Internal Revenue Service
ASC: | Accounting Standards Codification |  | LIBOR: | London Interbank Offered Rate
ASU: | Accounting Standards Update |  | LTIP: | Long-Term Performance Share Plan
Bank: | Camden National Bank, a wholly-owned subsidiary of Camden National Corporation |  | Management ALCO: | Management Asset/Liability Committee
BOLI: | Bank-owned life insurance |  | MBS: | Mortgage-backed security
Board ALCO: | Board of Directors' Asset/Liability Committee |  | MSPP: | Management Stock Purchase Plan
CCTA: | Camden Capital Trust A, an unconsolidated entity formed by Camden National Corporation |  | N.M.: | Not meaningful
CDs: | Certificate of deposits |  | OCC: | Office of the Comptroller of the Currency
Company: | Camden National Corporation |  | OCI: | Other comprehensive income (loss)
CMO: | Collateralized mortgage obligation |  | OREO: | Other real estate owned
DCRP: | Defined Contribution Retirement Plan |  | OTTI: | Other-than-temporary impairment
EPS: | Earnings per share |  | SERP: | Supplemental executive retirement plans
FASB: | Financial Accounting Standards Board |  | Tax Act: | Tax Cuts and Jobs Act of 2017, enacted on December 22, 2017
FDIC: | Federal Deposit Insurance Corporation |  | TDR: | Troubled-debt restructured loan
FHLB: | Federal Home Loan Bank |  | UBCT: | Union Bankshares Capital Trust I, an unconsolidated entity formed by Union Bankshares Company that was subsequently acquired by Camden National Corporation
FHLBB: | Federal Home Loan Bank of Boston |  | U.S.: | United States of America
FRB: | Federal Reserve System Board of Governors |  | 2003 Plan: | 2003 Stock Option and Incentive Plan
FRBB: | Federal Reserve Bank of Boston |  | 2012 Plan: | 2012 Equity and Incentive Plan

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- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -URI http://asc.fasb.org/topic&trid=2122149 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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