To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount > Ratio > Amount > Ratio > As of December 31, 2001 Total Capital  (To Risk-Weighted Assets): Consolidated $100,533 14.2% $56,650 8.0% N/A Camden National Bank 58,979 12.4% 37,996 8.0% $47,495 10.0% UnitedKingfield Bank 26,722 11.6% 18,444 8.0% 23,055 10.0% Tier 1 Capital  (To Risk-Weighted Assets): Consolidated $91,624 12.9% $28,325 4.0% N/A Camden National Bank 53,010 11.2% 18,998 4.0%  $28,497 6.0% UnitedKingfield Bank 23,814 10.3% 9,222 4.0% 13,833 6.0% Tier 1 Capital  (To Average Assets): Consolidated $91,624 8.7% $42,011 4.0% N/A Camden National Bank 53,010 7.7% 27,733 4.0% $34,666 5.0% UnitedKingfield Bank 23,814 6.8% 14,014 4.0% 17,517 5.0% 24. HOLDING COMPANY Following are the condensed Statements of Condition, Income and Cash Flows for the Company. Statements of Income Statements of Cash Flows Statements of Condition 2002 2001 2000 Operating Income Dividend income from subsidiaries $7 , 997 $14,787 $ 7,756 Fees from subsidiaries 9,641 7,999 6,300 Other income 23 12 70 Total operating income  17,661  22,798 14,126 Operating Expenses Salaries and employee benefits  6,162 4,537 3,698 Net occupancy 421 387 218 Furniture, equipment and data processing 1,065 893 886 Other operating expenses 2,160 2,275 1,558 Acquisition related expenses — 271 129 Total operating expenses 9,808 8,363 6,489 Income before equity in undistributed earnings of subsidiaries 7,853 14,435 7,637 Equity in undistributed earnings of subsidiaries 9,150 961 6,240 Income before income taxes 17,003 15,396 13,877 Income tax benefit (expense)  48 22 (18) Net Income $17,051 $15,418 $13,859 FOR YEARS ENDED DECEMBER 31, 2002 2001 2000 Operating Activities Net income $17,051 $15,418 $13,859 Adjustments to reconcile net income to net cash  provided by operating activities: Equity in undistributed earnings of subsidiaries (9,150) (961) (6,240) Depreciation and amortization 495 404 299 Decrease in obligation under ESOP and BRRP 6 5 6 Amortization of goodwill — 41 5 (Increase) decrease in amount receivable from subsidiaries 277 (292) 2,367 Increase in other assets (404) (203) (131) Increase (decrease) in payables 455 645  (998) Net cash provided by operating activities 8,730 15,057 9,167 Investing Activities Purchase of premises and equipment (182) (1,707) (3,497) Investment in Acadia Trust, N.A. (2,500) (4,551) — Net cash used by investing activities (2,682)  (6,258)  (3,497) Financing Activities Proceeds from stock issuance under option plan 86 — — Exercise and repurchase of stock options (114) (80) (22) Acquisition of minority interest — 146 — Purchase of treasury stock (919) (1,444) (394) Dividends paid (5,550) (5,226) (5,150) Proceeds from stock issuance under stock plan — — 31 Net cash used by financing activities (6,497) (6,604) (5,535) Net increase (decrease) in cash (449) 2,195 135 Cash at beginning of year  2,411 216 81 Cash at end of year $ 1,962 $ 2,411 $ 216 Camden National Corporation and Subsidiaries 63 FOR YEARS ENDED DECEMBER 31, 62 Camden National Corporation and Subsidiaries 2002 2001 Assets Cash $ 1,962 $ 2,411 Premises and equipment 5,719 6,034 Investment in subsidiaries: Bank subsidiaries 103,367 90,266 Other subsidiaries 6,410 4,659 Amounts receivable from subsidiaries 15 292 Other assets 3,369 2,965 Total assets $120,842 $106,627 Liabilities & ShareholdersGLYPH<213> Equity Amounts due to subsidiaries $ 140 $ — Accrued and other expenses  1,874 1,559 ShareholdersGLYPH<213> equity 118,828  105,068 Total liabilities and shareholdersGLYPH<213> equity $120,842 $106,627 DECEMBER 31,