Lake Sunapee Bank Group, formerly New Hampshire Thrift Bancshares, Inc., is a savings and loan holding company. The Company operates through two segments: Banking and Wealth Management. The Banking segment provides an array of lending and depository-related products and services to individuals, businesses and municipal enterprises. The Banking segment also provides commercial insurance and consumer products, including life, health, auto and homeowner insurance, through McCrillis & Eldredge Insurance, Inc. (McCrillis & Eldredge) and brokerage services through Lake Sunapee Financial Services Corporation. The Wealth Management segment provides trust and investment services through Charter Holding and Charter Trust. The Company is the parent company of Lake Sunapee Bank, fsb (the Bank), a federally chartered savings association. The Bank is a full-service community institution promoting the ideals of thrift, security, home ownership and financial independence for its customers.
Type
Subsidiary
Parent Company
Bar Harbor Bankshares
HQ
Newport, US
Founded
1868
Lake Sunapee Bank Group was founded in 1868 and is headquartered in Newport, US
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Lake Sunapee Bank Group Office Locations

Lake Sunapee Bank Group has an office in Claremont, New London, Newport, Sunapee and in 17 other locations
Newport, US (HQ)
9 Main St
Andover, US
7 Lawrence St
Bradford, US
115 E Main St
Claremont, US
345 Washington St
Enfield, US
468 US-4
Grantham, US
165 NH-10
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Lake Sunapee Bank Group Financials and Metrics

Summary Metrics

Founding Date

1868
Lake Sunapee Bank Group is a subsidiary of Bar Harbor Bankshares

Lake Sunapee Bank Group Financials

Lake Sunapee Bank Group's revenue was reported to be $8.47 m in FY, 2015 which is a 1.5% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

2.7 m8.3 m8.5 m

Revenue growth, %

204%2%

Cost of goods sold

6.8 m6.9 m

Gross profit

1.5 m1.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

14.1 m16.3 m17.3 m17.2 m16.8 m16.9 m16.5 m17 m18.6 m17.9 m

Cost of goods sold

1.5 m1.6 m1.6 m1.7 m1.8 m1.7 m1.6 m1.9 m2 m1.9 m

Gross profit

12.6 m14.6 m15.7 m15.5 m15 m15.2 m14.8 m15.1 m16.7 m16 m

Gross profit Margin, %

89%90%91%90%89%90%90%89%89%89%
Annual
USDFY, 2013FY, 2014FY, 2015

Cash

33.6 m51.1 m42.6 m

Accounts Receivable

2.6 m2.6 m2.4 m

PP&E

23.8 m24.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

22.4 m35.9 m43.7 m40 m45.8 m65.2 m41.9 m38.7 m54.6 m36.1 m

Goodwill

44.8 m45 m44.6 m44.6 m44.6 m44.6 m44.6 m44.6 m

Total Assets

1.2 b1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b1.6 b1.6 b1.6 b

Accounts Payable

921.4 m1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b
Annual
USDFY, 2013FY, 2014FY, 2015

Net Income

8.4 m10 m9 m

Depreciation and Amortization

1.8 m1.7 m1.5 m

Accounts Payable

1.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Net Income

2.6 m2.1 m2.3 m2.7 m2.3 m4.7 m6.9 m

Depreciation and Amortization

1.2 m1.9 m

Accounts Payable

1.2 m

Cash From Operating Activities

5.6 m15.8 m
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