Katahdin Bankshares (Katahdin Bankshares) Tax Rate % : 17.39% (As of Mar. 2024)

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What is Katahdin Bankshares Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Katahdin Bankshares's Tax Expense for the three months ended in Mar. 2024 was $0.43 Mil. Katahdin Bankshares's Pre-Tax Income for the three months ended in Mar. 2024 was $2.47 Mil. Therefore, Katahdin Bankshares's Tax Rate % for the quarter that ended in Mar. 2024 was 17.39%.

Katahdin Bankshares Tax Rate % Historical Data

The historical data trend for Katahdin Bankshares's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Katahdin Bankshares Tax Rate % Chart

Katahdin Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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18.37

9.64

17.92

17.67

17.94

Katahdin Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															17.62	17.39	17.24	19.60	17.39

Katahdin Bankshares Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Katahdin Bankshares's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2.166	/	12.073
	=	17.94 %

Katahdin Bankshares's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	0.43	/	2.473
	=	17.39 %

Katahdin Bankshares Tax Rate % Related Terms

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Katahdin Bankshares (Katahdin Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Katahdin Bankshares Corp (OTCPK:KTHN) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

20 Katahdin Lane, P.O. Box 36, Houlton, ME, USA, 04730

Website

https://www.katahdintrust.com

Katahdin Bankshares Corp is a part of the financial services sector. It is a state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Its primary business is to lend funds and accept deposits from consumers and small businesses in Aroostook and the Portland area. The Bank has full-service branches throughout northern Maine and the greater Bangor and Portland regions. Its key services include personal banking, business banking, and investments.