NET INCOME (IN MILLIONS) ASSETS (IN MILLIONS) DEPOSITS (IN MILLIONS) LOANS (IN MILLIONS) BASIC EARNINGS  PER SHARE (IN DOLLARS) BOOK VALUE PER SHARE (IN DOLLARS) 11.451 10.229 13.859 15.418 17.051 839.3 928.4 1,010.9 1,089.4 1,218.4 641.6 667.7 744.4 763.6 850.1 569.7 635.4 701.3 724.0 808.9 1.40 1.27 1.70 1.90 2.12 9.61 9.51 11.17 13.04 14.80 GLYPH<213>98 GLYPH<213>99 GLYPH<213>00 GLYPH<213>01 GLYPH<213>02 GLYPH<213>98 GLYPH<213>99 GLYPH<213>00 GLYPH<213>01 GLYPH<213>02 GLYPH<213>98 GLYPH<213>99 GLYPH<213>00 GLYPH<213>01 GLYPH<213>02 GLYPH<213>98 GLYPH<213>99 GLYPH<213>00 GLYPH<213>01 GLYPH<213>02 GLYPH<213>98 GLYPH<213>99 GLYPH<213>00 GLYPH<213>01 GLYPH<213>02 GLYPH<213>98 GLYPH<213>99 GLYPH<213>00 GLYPH<213>01 GLYPH<213>02 (In thousands, except per share data) DECEMBER 31, FINANCIAL CONDITION DATA 2002 2001 2000 1999 1998 Assets $1,218,419 $1,089,355 $1,010,883 $928,350 $839,280 Loans 808,882 724,042 701,340 635,434 569,705 Allowance for Loan Losses 15,242 13,514 10,801 9,390 8,092 Investments 314,775 263,810 217,010 216,132 202,967 Deposits 850,134 763,568 744,360 667,720 641,553 Borrowings 238,861 210,843 168,440 173,924 113,682 ShareholdersGLYPH<213> Equity 118,828 105,068 90,923 77,623 77,789 YEAR ENDED DECEMBER 31, OPERATIONS DATA 2002 2001 2000 1999 1998 Interest Income $ 74,572 $ 79,870 $ 79,555 $ 69,496 $ 61,591 Interest Expense 27,715 35,689 40,042 30,504 27,007 Net Interest Income 46,857 44,181 39,513 38,992 34,584 Provision for Loan Losses 3,080 3,681 2,930 3,670 2,056 Net Interest Income after Provision for Loan Losses 43,777 40,500 36,583 35,322 32,528 Non-interest Income 14,459 13,094 8,915 7,694 6,573 Non-interest Expense 32,311 31,014 25,396 27,604 22,220 Income before Provision for Income Tax 25,925 22,580 20,102 15,412 16,881 Income Tax Expense 8,425 7,162 6,243 5,183 5,430 Cumulative effect of change in accounting, net 449 — — — — Net Income $ 17,051 $ 15,418 $ 13,859 $ 10,229 $ 11,451 AT OR FOR THE YEAR ENDED DECEMBER 31, OTHER DATA 2002 2001 2000 1999 1998 Basic Earnings Per Share $ 2.12 $ 1.90 $ 1.70 $ 1.27 $ 1.40 Diluted Earnings Per Share 2.11 1.89 1.69 1.27 1.38 Dividends Per Share 0.68 0.64 0.63 0.52 0.47 Book Value Per Share 14.80 13.04 11.17 9.51 9.61 Return on Average Assets 1.48% 1.47% 1.40% 1.15% 1.52% Return on Average Equity 15.38% 15.55% 16.43% 13.16% 15.09% Allowance for Loan Losses to Total Loans 1.88% 1.87% 1.54% 1.48% 1.42% Non-Performing Loans to Total Loans 1.03% 1.11% 0.93% 1.00% 0.82% Stock Dividend Payout Ratio 32.08% 33.90% 37.17% 40.90% 33.74% Efficiency Ratio 52.70% 54.15% 52.44% 59.13% 53.99% Selected Five-Year Financial Data Stratton Bingham Kingfield Summary of Financial Performance 38 Camden National Corporation and Subsidiaries Camden National Corporation and Subsidiaries 39