At December 31, 2001, the Company had $90 million (notional principal amount) in cap contracts ($20 million and $70 million)  with strike rates of 7.50% and 7.00%, respectively, both of which matured in 2002. During 2001, the Company had $25 million (notional principal amount) in callable interest rate swaps that were called. The Company also sold its interest in $10 million (notional principal amount) of interest rate swaps and $10 million (notional principal amount) of floor contracts during 2001.  At December 31, 2002 and 2001, the contractual or notional amounts of credit related and derivative financial instruments were  as follows: The estimated fair values of the CompanyGLYPH<213>s financial instruments reported in the Consolidated Statements of Condition were as follows: The estimated fair values of the CompanyGLYPH<213>s derivative financial instruments were as follows: 2002 2001 Contractual Commitments to extend credit $146,395 $124,261 Letters of credit 1,892 1,506 Notional Swaps 30,000 — Caps — 90,000 DECEMBER 31, 2002 DECEMBER 31, 2001 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 33,523 $ 33,523 $ 38,861 $ 38,861 Securities available for sale 313,780 313,780 262,866 262,866 Securities held to maturity 995 995 944 944 Loans receivable 793,640 777,746 710,528 703,750 Interest receivable 5,778 5,778 5,054 5,054 Life insurance policies 18,579 18,579 17,713 17,713 Interest rate swaps 1,406 1,406 — — Financial liabilities: Deposits  $850,134 $856,005 $763,568 $763,298 Borrowings from Federal Home Loan Bank 191,901 198,584 168,832 163,834 Other borrowed funds 46,960 46,960 42,011 42,011 Interest payable 3,111 3,111 3,058 3,058 DECEMBER 31, 2002 Fair Value Notional Contract Maturity Including  Principal Date Date Accruals  Interest Rate Swaps $20,000 1—Feb—02 1—Feb—05 $ 937  10,000 1—Feb—02 1—Feb—05 469 $30,000 $1,406 DECEMBER 31, 2001 Fair Value Notional Contract Maturity Including  Principal Date Date Accruals  Interest Rate Caps $20,000 26—Jul—00 26—Jul—02 $ — 70,000 23—Oct—00 23—Oct—02 — $90,000 $ — 60 Camden National Corporation and Subsidiaries Camden National Corporation and Subsidiaries 61 To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount > Ratio > Amount > Ratio > As of December 31, 2002 Total Capital  (To Risk-Weighted Assets): Consolidated $110,605 13.8% $64,052 8.0% N/A Camden National Bank 68,258 12.5% 43,532 8.0% $54,415 10.0% UnitedKingfield Bank 30,301 12.2% 19,850 8.0% 24,812 10.0% Tier 1 Capital  (To Risk-Weighted Assets): Consolidated $100,532 12.6% $32,026 4.0% N/A Camden National Bank 61,426 11.3% 21,766 4.0% $32,649 6.0% UnitedKingfield Bank 27,164 11.0% 9,925 4.0% 14,887 6.0% Tier 1 Capital  (To Average Assets): Consolidated $100,532 8.7% $46,088 4.0% N/A Camden National Bank 61,426 8.0% 30,891 4.0% $38,614 5.0% UnitedKingfield Bank 27,164 7.4% 14,683 4.0% 18,353 5.0% The CompanyGLYPH<213>s actual capital amounts and ratios are also presented in the table. The ability of the Company to pay cash dividends depends on the receipt of dividends from its subsidiaries. The Company, as the sole shareholder of its subsidiaries, is entitled to dividends from legally available funds when and as declared by each subsidiaryGLYPH<213>s Board of Directors. As of December 31, 2002, both bank subsidiaries were categorized by their supervisory regulatory agencies as well capitalized. To be categorized as well capitalized, each bank subsidiary of the Company must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events that management believes have changed the banksGLYPH<213> respective capital categories. The Company and its bank subsidiaries are subject to various regulatory capital requirements administered by the FRB, the Comptroller of the Currency, and the FDIC. Failure to meet minimum capital requirements can result in mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the CompanyGLYPH<213>s Consolidated Financial Statements. These capital requirements represent quantitative measures of the CompanyGLYPH<213>s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The CompanyGLYPH<213>s capital classification is also subject to qualitative judgments by its regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to average assets (as defined). Management believes that, as of December 31, 2002, the Company and its bank subsidiaries meet all capital requirements to which they are subject. 23. REGULATORY MATTERS