us-gaap:OtherAssetsus-gaap:OtherLiabilities0000743367--12-312021Q1falseus-gaap:NoninterestIncomeus-gaap:NoninterestIncomeus-gaap:OtherAssetsus-gaap:OtherLiabilitiesUS0000743367us-gaap:TreasuryStockMember2021-03-310000743367us-gaap:RetainedEarningsMember2021-03-310000743367us-gaap:CommonStockMember2021-03-310000743367us-gaap:AdditionalPaidInCapitalMember2021-03-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:TreasuryStockMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:RetainedEarningsMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:CommonStockMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:AdditionalPaidInCapitalMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000743367us-gaap:TreasuryStockMember2020-12-310000743367us-gaap:RetainedEarningsMember2020-12-310000743367us-gaap:CommonStockMember2020-12-310000743367us-gaap:AdditionalPaidInCapitalMember2020-12-310000743367us-gaap:TreasuryStockMember2020-03-310000743367us-gaap:RetainedEarningsMember2020-03-310000743367us-gaap:CommonStockMember2020-03-310000743367us-gaap:AdditionalPaidInCapitalMember2020-03-310000743367us-gaap:TreasuryStockMember2019-12-310000743367us-gaap:RetainedEarningsMember2019-12-310000743367us-gaap:CommonStockMember2019-12-310000743367us-gaap:AdditionalPaidInCapitalMember2019-12-310000743367bhb:OtherBorrowingsMember2021-03-310000743367us-gaap:FederalReserveBankAdvancesMember2020-12-310000743367bhb:OtherBorrowingsMember2020-12-310000743367bhb:CapitalizedMortgageServicingRightsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-01-012020-12-310000743367us-gaap:AccountingStandardsUpdate201613Member2021-01-012021-03-310000743367us-gaap:TransferredOverTimeMember2021-01-012021-03-310000743367us-gaap:TransferredAtPointInTimeMember2021-01-012021-03-310000743367us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2021-01-012021-03-310000743367us-gaap:FinancialServiceOtherMember2021-01-012021-03-310000743367us-gaap:FiduciaryAndTrustMember2021-01-012021-03-310000743367us-gaap:DepositAccountMember2021-01-012021-03-310000743367us-gaap:DebitCardMember2021-01-012021-03-310000743367us-gaap:TransferredOverTimeMember2020-01-012020-03-310000743367us-gaap:TransferredAtPointInTimeMember2020-01-012020-03-310000743367us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2020-01-012020-03-310000743367us-gaap:FinancialServiceOtherMember2020-01-012020-03-310000743367us-gaap:FiduciaryAndTrustMember2020-01-012020-03-310000743367us-gaap:DepositAccountMember2020-01-012020-03-310000743367us-gaap:DebitCardMember2020-01-012020-03-310000743367bhb:TaxExemptLoansMember2021-01-012021-03-310000743367us-gaap:UnfundedLoanCommitmentMember2020-01-012020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2020-01-012020-03-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2020-01-012020-03-310000743367bhb:TaxExemptLoansMember2020-01-012020-03-310000743367us-gaap:InterestRateSwapMember2020-10-012020-12-310000743367us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-01-012021-03-310000743367us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-03-310000743367us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-03-310000743367us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-03-310000743367us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-03-310000743367us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-03-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-03-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-12-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-12-310000743367us-gaap:FederalHomeLoanBankAdvancesPutableOptionMember2021-03-310000743367us-gaap:FederalHomeLoanBankAdvancesCallableOptionMember2021-03-310000743367bhb:SubordinatedNotesAndDebenturesMember2021-03-310000743367us-gaap:FederalHomeLoanBankAdvancesPutableOptionMember2020-12-310000743367us-gaap:FederalHomeLoanBankAdvancesCallableOptionMember2020-12-310000743367us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2021-03-310000743367us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2021-03-310000743367us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2021-03-310000743367us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2021-03-310000743367us-gaap:RealEstateMemberbhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2021-03-310000743367bhb:OtherCollateralDependentLoansMemberbhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2021-03-310000743367us-gaap:RealEstateMemberus-gaap:HomeEquityLoanMember2021-03-310000743367us-gaap:RealEstateMember2021-03-310000743367bhb:OtherCollateralDependentLoansMember2021-03-310000743367us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-12-310000743367us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2020-12-310000743367us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2020-12-310000743367us-gaap:RealEstateMemberbhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2020-12-310000743367bhb:OtherCollateralDependentLoansMemberbhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2020-12-310000743367us-gaap:RealEstateMemberus-gaap:HomeEquityLoanMember2020-12-310000743367us-gaap:RealEstateMember2020-12-310000743367bhb:OtherCollateralDependentLoansMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:OtherConsumerLoansMember2020-12-310000743367us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2020-12-310000743367us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2020-12-310000743367us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2020-12-310000743367us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberus-gaap:SubstandardMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberus-gaap:SpecialMentionMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberus-gaap:PassMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberus-gaap:DoubtfulMember2020-12-310000743367us-gaap:UnlikelyToBeCollectedFinancingReceivableMember2020-12-310000743367us-gaap:SubstandardMember2020-12-310000743367us-gaap:SpecialMentionMember2020-12-310000743367us-gaap:ResidentialRealEstateMember2020-12-310000743367us-gaap:PerformingFinancingReceivableMember2020-12-310000743367us-gaap:PassMember2020-12-310000743367us-gaap:NonperformingFinancingReceivableMember2020-12-310000743367us-gaap:DoubtfulMember2020-12-310000743367us-gaap:ConsumerLoanMember2020-12-310000743367bhb:PaycheckProtectionProgramMember2021-03-310000743367bhb:PaycheckProtectionProgramRound2021Member2020-12-310000743367bhb:PaycheckProtectionProgramMember2020-12-310000743367us-gaap:UnfundedLoanCommitmentMember2021-03-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:RealEstateLoanMember2020-12-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:HomeEquityLoanMember2020-12-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:ConstructionLoansMember2020-12-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:CommercialRealEstateMember2020-12-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:TaxExemptLoansMember2020-12-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:OtherConsumerLoansMember2020-12-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialAndIndustrialMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:RealEstateLoanMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:HomeEquityLoanMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:ConstructionLoansMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:CommercialRealEstateMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:TaxExemptLoansMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367srt:RevisionOfPriorPeriodAccountingStandardsUpdateAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialAndIndustrialMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:RealEstateLoanMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:HomeEquityLoanMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:ConstructionLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:TaxExemptLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:OtherConsumerLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialAndIndustrialMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberbhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberus-gaap:RealEstateLoanMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberus-gaap:HomeEquityLoanMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberus-gaap:ConstructionLoansMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberbhb:TaxExemptLoansMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberbhb:OtherConsumerLoansMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Memberbhb:CommercialAndIndustrialMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:UnfundedLoanCommitmentMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:HomeEquityLoanMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberbhb:TaxExemptLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:RealEstateLoanMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:HomeEquityLoanMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberus-gaap:ConstructionLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbhb:TaxExemptLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbhb:OtherConsumerLoansMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberbhb:CommercialAndIndustrialMember2020-12-310000743367us-gaap:UnfundedLoanCommitmentMember2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-12-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2020-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2020-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-03-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2020-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2020-03-310000743367us-gaap:HomeEquityLoanMember2020-03-310000743367bhb:TaxExemptLoansMember2020-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2019-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2019-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2019-12-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2019-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2019-12-310000743367us-gaap:UnfundedLoanCommitmentMember2019-12-310000743367us-gaap:HomeEquityLoanMember2019-12-310000743367bhb:TaxExemptLoansMember2019-12-310000743367us-gaap:FederalHomeLoanBankCertificatesAndObligationsFHLBMember2020-12-310000743367us-gaap:FederalReserveBankAdvancesMember2021-03-310000743367us-gaap:FederalHomeLoanBankCertificatesAndObligationsFHLBMember2021-03-310000743367us-gaap:FederalReserveBankAdvancesMemberus-gaap:UnsecuredDebtMember2021-03-310000743367us-gaap:FederalReserveBankAdvancesMemberus-gaap:UnsecuredDebtMember2020-12-3100007433672019-01-012019-01-010000743367us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310000743367us-gaap:HomeEquityLoanMember2020-01-012020-12-310000743367us-gaap:ConstructionLoansMember2020-01-012020-12-310000743367bhb:AgricultureAndOtherLoansToFarmersMember2020-12-310000743367us-gaap:RealEstateLoanMember2020-01-012020-12-310000743367bhb:OtherCommercialRealEstateLoansMember2020-01-012020-12-310000743367bhb:OtherCommercialLoanMember2020-01-012020-12-310000743367bhb:AgricultureAndOtherLoansToFarmersMember2020-01-012020-12-310000743367us-gaap:RealEstateLoanMember2020-12-310000743367us-gaap:ConstructionLoansMember2020-12-310000743367bhb:OtherCommercialRealEstateLoansMember2020-12-310000743367bhb:OtherCommercialLoanMember2020-12-310000743367us-gaap:ResidentialPortfolioSegmentMember2020-12-310000743367us-gaap:ConsumerPortfolioSegmentMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMember2020-12-310000743367us-gaap:ResidentialPortfolioSegmentMember2020-01-012020-12-310000743367us-gaap:ConsumerPortfolioSegmentMember2020-01-012020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMember2020-01-012020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMember2020-01-012020-12-310000743367bhb:NhtbCapitalTrustIiAndNhtbCapitalTrustIiiMemberus-gaap:FinancialGuaranteeMember2021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-12-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000743367us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310000743367us-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310000743367us-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000743367us-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310000743367us-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310000743367us-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2020-12-310000743367bhb:TaxExemptLoansMember2020-12-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2021-03-3100007433672021-01-012021-01-010000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2021-03-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-03-310000743367us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:RealEstateLoanMember2021-03-310000743367us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerLoanMemberbhb:OtherConsumerLoansMember2021-03-310000743367us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialRealEstateMemberus-gaap:RealEstateLoanMember2021-03-310000743367us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerLoanMemberbhb:OtherConsumerLoansMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:SubstandardMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:SpecialMentionMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:PassMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMemberus-gaap:DoubtfulMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:SubstandardMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:SpecialMentionMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:PassMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:DoubtfulMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:SubstandardMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:PassMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMemberus-gaap:DoubtfulMember2021-03-310000743367us-gaap:ResidentialRealEstateMemberus-gaap:RealEstateLoanMember2021-03-310000743367us-gaap:PerformingFinancingReceivableMemberus-gaap:HomeEquityLoanMember2021-03-310000743367us-gaap:NonperformingFinancingReceivableMemberus-gaap:HomeEquityLoanMember2021-03-310000743367us-gaap:ConsumerLoanMemberbhb:OtherConsumerLoansMember2021-03-310000743367bhb:TaxExemptLoansMemberus-gaap:PassMember2021-03-310000743367bhb:TaxExemptLoansMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2021-03-310000743367us-gaap:HomeEquityLoanMember2021-03-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-12-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2020-12-310000743367us-gaap:HomeEquityLoanMember2020-12-3100007433672020-01-012020-12-310000743367us-gaap:HomeEquityLoanMember2020-01-012020-03-310000743367us-gaap:ExtendedMaturityMember2020-01-012020-03-310000743367bhb:InterestRateForbearanceAndMaturityConcessionMember2020-01-012020-03-310000743367bhb:ForbearanceAndInterestOnlyPaymentsMember2020-01-012020-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ValuationTechniqueConsensusPricingModelMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2020-12-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:ValuationTechniqueConsensusPricingModelMember2020-12-310000743367us-gaap:InterestRateLockCommitmentsMember2021-03-310000743367us-gaap:ForwardContractsMember2021-03-310000743367us-gaap:InterestRateLockCommitmentsMember2020-12-310000743367us-gaap:ForwardContractsMember2020-12-310000743367us-gaap:InterestRateLockCommitmentsMember2020-03-310000743367us-gaap:ForwardContractsMember2020-03-310000743367us-gaap:InterestRateLockCommitmentsMember2019-12-310000743367us-gaap:ForwardContractsMember2019-12-310000743367us-gaap:InterestRateLockCommitmentsMember2021-01-012021-03-310000743367us-gaap:ForwardContractsMember2021-01-012021-03-310000743367us-gaap:InterestRateLockCommitmentsMember2020-01-012020-03-310000743367us-gaap:ForwardContractsMember2020-01-012020-03-310000743367bhb:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367bhb:CapitalizedMortgageServicingRightsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367us-gaap:SeniorSubordinatedLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310000743367us-gaap:SeniorSubordinatedLoansMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:SeniorSubordinatedLoansMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:SeniorSubordinatedLoansMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:SeniorSubordinatedLoansMember2021-03-310000743367us-gaap:SeniorSubordinatedLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000743367us-gaap:SeniorSubordinatedLoansMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:SeniorSubordinatedLoansMember2020-12-310000743367bhb:InterestRateSwapOnVariableRateLoansMemberbhb:LondonInterbankOfferedRateLessTwoDaysMember2021-03-310000743367us-gaap:InterestRateSwapMember2020-01-012020-12-310000743367us-gaap:InterestRateSwapMember2021-03-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeAssetMember2021-03-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeAssetMember2021-03-310000743367bhb:CustomerLoanDerivativeAssetMember2021-03-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeAssetMember2020-12-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeAssetMember2020-12-310000743367bhb:CustomerLoanDerivativeAssetMember2020-12-310000743367us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367bhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000743367us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000743367us-gaap:ForeignExchangeForwardMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMember2020-01-012020-03-310000743367us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000743367us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000743367bhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000743367us-gaap:NondesignatedMember2020-01-012020-03-310000743367us-gaap:InterestRateSwapMember2020-04-300000743367us-gaap:InterestRateSwapMember2019-11-300000743367us-gaap:InterestRateSwapMember2019-03-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMember2021-03-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMember2021-03-310000743367bhb:CustomerLoanDerivativeLiabilityMember2021-03-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMember2020-12-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMember2020-12-310000743367bhb:CustomerLoanDerivativeLiabilityMember2020-12-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000743367us-gaap:FairValueMeasurementsRecurringMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000743367us-gaap:FairValueMeasurementsRecurringMember2020-12-310000743367us-gaap:FairValueInputsLevel3Member2020-12-310000743367bhb:MnaCounterpartyMember2021-03-310000743367bhb:MnaCounterpartyMember2020-12-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367bhb:CustomerCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:InterestRateCapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:ForeignExchangeForwardMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367bhb:InterestRateSwapOnVariableRateLoansMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMember2021-01-012021-03-310000743367us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-03-310000743367us-gaap:NondesignatedMember2021-01-012021-03-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-12-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-12-310000743367bhb:CustomerCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-12-310000743367us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-12-310000743367us-gaap:InterestRateCapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-12-310000743367us-gaap:ForeignExchangeForwardMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-12-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMember2020-01-012020-12-310000743367us-gaap:InterestRateSwapMember2020-12-310000743367us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367bhb:CustomerCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000743367us-gaap:InterestRateCapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367us-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310000743367us-gaap:ForeignExchangeForwardMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367bhb:InterestRateSwapOnVariableRateLoansMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMember2021-03-310000743367us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367bhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310000743367us-gaap:NondesignatedMember2021-03-310000743367bhb:RpaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367bhb:MnaCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367bhb:CustomerCounterpartyMemberbhb:CustomerLoanDerivativeLiabilityMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000743367us-gaap:InterestRateCapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367us-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000743367us-gaap:ForeignExchangeForwardMemberbhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:NondesignatedMember2020-12-310000743367us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367bhb:EconomicHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310000743367us-gaap:NondesignatedMember2020-12-310000743367bhb:InterestRateSwapOnVariableRateLoansMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberbhb:BankNonMaturityDepositsMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:BankTimeDepositsMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberbhb:BankNonMaturityDepositsMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:BankTimeDepositsMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberbhb:BankNonMaturityDepositsMember2021-03-310000743367us-gaap:BankTimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310000743367us-gaap:BankTimeDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310000743367bhb:BankNonMaturityDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310000743367bhb:BankNonMaturityDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:BankTimeDepositsMember2020-12-310000743367us-gaap:FairValueInputsLevel2Memberbhb:BankNonMaturityDepositsMember2020-12-310000743367us-gaap:BankTimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000743367us-gaap:BankTimeDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000743367bhb:BankNonMaturityDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000743367bhb:BankNonMaturityDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000743367bhb:PrivatePlacementSubordinatedNotesMember2021-03-310000743367bhb:SubordinatedNotesAndDebenturesMember2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Member2021-03-3100007433672021-01-010000743367bhb:PrivatePlacementSubordinatedNotesMember2019-11-260000743367us-gaap:FinancialGuaranteeMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-03-310000743367bhb:PrivatePlacementSubordinatedNotesMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2021-01-012021-03-3100007433672020-03-3100007433672019-12-310000743367us-gaap:FairValueInputsLevel1Member2020-12-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310000743367us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-03-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-03-310000743367us-gaap:FairValueInputsLevel3Member2021-03-310000743367us-gaap:FairValueInputsLevel2Member2021-03-310000743367us-gaap:FairValueInputsLevel1Member2021-03-310000743367us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310000743367us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2020-12-310000743367us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2020-12-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2020-12-310000743367us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2020-12-310000743367us-gaap:FairValueInputsLevel2Member2020-12-310000743367us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310000743367us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310000743367us-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310000743367us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-03-310000743367us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-03-310000743367us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310000743367us-gaap:CorporateBondSecuritiesMember2021-03-310000743367us-gaap:USStatesAndPoliticalSubdivisionsMember2020-12-310000743367us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-12-310000743367us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-12-310000743367us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-12-310000743367us-gaap:CorporateBondSecuritiesMember2020-12-310000743367bhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310000743367bhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310000743367us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2021-01-012021-03-310000743367us-gaap:CommercialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2021-01-012021-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2021-01-012021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2021-01-012021-03-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2021-01-012021-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateOwnerOccupiedMember2021-01-012021-03-310000743367us-gaap:HomeEquityLoanMember2021-01-012021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-03-310000743367us-gaap:ConsumerPortfolioSegmentMemberbhb:OtherConsumerLoansMember2020-01-012020-03-310000743367us-gaap:CommercialRealEstatePortfolioSegmentMemberbhb:CommercialRealEstateNonOwnerOccupiedMember2020-01-012020-03-310000743367bhb:CommercialAndIndustrialLoansPortfolioSegmentMemberbhb:CommercialAndIndustrialMember2020-01-012020-03-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Member2020-12-310000743367us-gaap:AccountingStandardsUpdate201613Member2020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-12-310000743367us-gaap:UnfundedLoanCommitmentMember2021-01-012021-03-310000743367us-gaap:TreasuryStockMember2021-01-012021-03-310000743367us-gaap:RetainedEarningsMember2021-01-012021-03-310000743367us-gaap:CommonStockMember2021-01-012021-03-310000743367us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310000743367us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310000743367us-gaap:TreasuryStockMember2020-01-012020-03-310000743367us-gaap:RetainedEarningsMember2020-01-012020-03-310000743367us-gaap:CommonStockMember2020-01-012020-03-310000743367us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310000743367us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310000743367us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000743367us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-03-310000743367us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-03-310000743367us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-03-310000743367us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000743367us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310000743367us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-12-310000743367us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310000743367us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310000743367us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-03-310000743367us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-03-310000743367us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-03-310000743367us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000743367us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310000743367us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310000743367us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-3100007433672021-04-300000743367bhb:PaycheckProtectionProgramRound2021Member2021-01-012021-03-310000743367bhb:PaycheckProtectionProgramMember2021-01-012021-03-310000743367bhb:PaycheckProtectionProgramMember2020-01-012020-12-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2021-03-310000743367us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-12-310000743367bhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367bhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-01-012020-12-310000743367us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-01-012021-03-310000743367srt:MinimumMemberbhb:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367srt:MinimumMemberbhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367srt:MaximumMemberbhb:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367srt:MaximumMemberbhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-03-310000743367srt:MinimumMemberbhb:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-01-012020-12-310000743367srt:MinimumMemberbhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-01-012020-12-310000743367srt:MaximumMemberbhb:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-01-012020-12-310000743367srt:MaximumMemberbhb:AssetsHeldForSaleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-01-012020-12-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Member2020-01-012020-12-310000743367srt:SubsidiariesMember2021-03-310000743367srt:SubsidiariesMember2020-12-310000743367srt:SubsidiariesMember2019-01-0100007433672020-12-310000743367us-gaap:USStatesAndPoliticalSubdivisionsMember2021-01-012021-03-310000743367us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-01-012021-03-310000743367us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-01-012021-03-310000743367us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-01-012021-03-310000743367us-gaap:CorporateBondSecuritiesMember2021-01-012021-03-3100007433672021-03-310000743367srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Member2021-03-310000743367srt:ScenarioPreviouslyReportedMemberus-gaap:AccountingStandardsUpdate201613Member2020-12-3100007433672021-01-012021-03-3100007433672020-01-012020-03-31iso4217:USDxbrli:purebhb:securitybhb:loanxbrli:sharesiso4217:USDxbrli:sharesbhb:item

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2021

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                    to

Commission File Number: 001-13349

BAR HARBOR BANKSHARES

(Exact name of registrant as specified in its charter)

Maine

01-0393663

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

PO Box 400

82 Main Street, Bar Harbor, ME

04609-0400

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (207) 288-3314

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $2.00 per share

BHB

NYSE American

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes   No 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.  See the definition of "large accelerated filer," "accelerated filer", "smaller reporting company", or "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer         Accelerated Filer        Non-Accelerated Filer       Smaller Reporting Company         Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes   No 

The Registrant had 14,975,300 shares of common stock, par value $2.00 per share, outstanding as of April 30, 2021.

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

FORM 10-Q

INDEX

Page

PART I.

FINANCIAL INFORMATION

Item 1.

Consolidated Financial Statements (unaudited)

Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020

4

Consolidated Statements of Income for the Three Months Ended March 31, 2021 and 2020

6

Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2021 and 2020

7

Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2021 and 2020

8

Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020

9

Notes to Unaudited Consolidated Interim Financial Statements

Note 1

Basis of Presentation

11

Note 2

Securities Available for Sale

19

Note 3

Loans and Allowance for Credit Losses

22

Note 4

Borrowed Funds

33

Note 5

Deposits

35

Note 6

Capital Ratios and Shareholders' Equity

36

Note 7

Earnings per Share

39

Note 8

Derivative Financial Instruments and Hedging Activities

40

Note 9

Fair Value Measurements

46

Note 10

Revenue from Contracts with Customers

52

Note 11

Leases

54

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

56

Selected Financial Data

57

Consolidated Loan and Deposit Analysis

58

Average Balances and Average Yields/Rates

59

Non-GAAP Financial Measures

60

Reconciliation of Non-GAAP Financial Measures

61

Financial Summary

63

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

69

Item 4.

Controls and Procedures

71

PART II.

OTHER INFORMATION

Item 1.

Legal Proceedings

71

Item 1A.

Risk Factors

71

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

72

Item 5.

Other Information

72

Item 6.

Exhibits

73

Signatures

74

Table of Contents

Bar Harbor Bankshares conducts business operations principally through Bar Harbor Bank & Trust, which may be referred to as “the Bank” and which is a subsidiary of Bar Harbor Bankshares. Unless the context requires otherwise, references in this report to “the Company” "our company, "our," "us,"  and similar terms refer to Bar Harbor Bankshares and its subsidiaries, including the Bank, collectively.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this document that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this Form 10-Q the words "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target" and similar expressions are intended to identify forward-looking statements, but these terms are not the exclusive means of identifying forward-looking statements. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including among other things, changes in general economic and business conditions, increased competitive pressures, changes in the interest rate environment, legislative and regulatory change, changes in the financial markets, and other risks and uncertainties disclosed from time to time in documents that the Company files with the Securities and Exchange Commission, including but not limited to those discussed in the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Because of these and other uncertainties, the Company’s actual results, performance or achievements, or industry results, may be materially different from the results indicated by these forward-looking statements. In addition, the Company’s past results of operations do not necessarily indicate future results. You should not place undue reliance on any of the forward-looking statements, which speak only as of the dates on which they were made. The Company is not undertaking an obligation to update forward-looking statements, even though its situation may change in the future, except as required under federal securities law. The Company qualifies all of its forward-looking statements by these cautionary statements.

3

Table of Contents

PART I.          FINANCIAL INFORMATION

ITEM 1.          CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

    

March 31, 2021

    

December 31, 2020

Assets

 

  

 

  

Cash and cash equivalents:

Cash and due from banks

$

39,039

$

27,566

Interest-bearing deposits with other banks

 

184,473

 

198,441

Total cash and cash equivalents

 

223,512

 

226,007

Securities:

Securities available for sale

 

626,403

 

585,046

Federal Home Loan Bank stock

 

14,826

 

14,036

Total securities

 

641,229

 

599,082

Loans held for sale

10,148

23,988

Total loans

 

2,551,064

 

2,562,885

Less: Allowance for credit losses

 

(23,653)

 

(19,082)

Net loans

 

2,527,411

 

2,543,803

Premises and equipment, net

 

52,253

 

52,458

Goodwill

 

119,477

 

119,477

Other intangible assets

 

7,431

 

7,670

Cash surrender value of bank-owned life insurance

 

78,388

 

77,870

Deferred tax assets, net

 

5,639

 

1,745

Other assets

 

64,742

 

73,662

Total assets

$

3,730,230

$

3,725,762

Liabilities

 

  

 

  

Deposits:

 

  

 

  

Demand

$

586,487

$

544,636

NOW

 

761,817

 

738,849

Savings

 

560,095

 

521,638

Money market

 

365,507

 

402,731

Time

 

638,436

 

698,361

Total deposits

 

2,912,342

 

2,906,215

Borrowings:

 

  

 

  

Senior

 

292,210

 

276,062

Subordinated

 

60,003

 

59,961

Total borrowings

 

352,213

 

336,023

Other liabilities

 

60,094

 

72,183

Total liabilities

 

3,324,649

 

3,314,421

(continued)

4

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (continued)

(in thousands, except share data)

    

March 31, 2021

    

December 31, 2020

Shareholders’ equity

    

    

Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 shares at March 31, 2021 and December 31, 2020

 

32,857

 

32,857

Additional paid-in capital

 

190,564

 

190,084

Retained earnings

 

196,561

 

195,607

Accumulated other comprehensive income

 

3,464

 

11,016

Less: 1,478,416 and 1,512,465 shares of treasury stock at March 31, 2021 and December 31, 2020, respectively

 

(17,865)

 

(18,223)

Total shareholders’ equity

 

405,581

 

411,341

Total liabilities and shareholders’ equity

$

3,730,230

$

3,725,762

The accompanying notes are an integral part of these consolidated financial statements.

5

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

March 31, 

(in thousands, except earnings per share data)

    

2021

    

2020

    

Interest and dividend income

Loans

$

24,205

$

27,987

Securities and other

 

3,979

 

5,507

Total interest and dividend income

 

28,184

 

33,494

Interest expense

 

  

 

  

Deposits

 

2,951

 

6,020

Borrowings

 

1,811

 

2,911

Total interest expense

 

4,762

 

8,931

Net interest income

 

23,422

 

24,563

Provision for credit losses

 

(489)

 

1,111

Net interest income after provision for loan losses

 

23,911

 

23,452

Non-interest income

 

  

 

  

Trust and investment management fee income

 

3,666

 

3,369

Customer service fees

 

2,970

 

3,112

Gain on sales of securities, net

 

 

135

Mortgage banking income

2,570

457

Bank-owned life insurance income

 

518

 

537

Customer derivative income

 

410

 

588

Other income

 

114

 

223

Total non-interest income

 

10,248

 

8,421

Non-interest expense

 

  

 

  

Salaries and employee benefits

 

12,176

 

11,884

Occupancy and equipment

 

4,328

 

4,420

Loss on premises and equipment, net

 

8

 

92

Outside services

 

432

 

534

Professional services

 

558

 

672

Communication

 

321

 

289

Marketing

 

290

 

388

Amortization of intangible assets

 

241

 

256

Acquisition, conversion and other expenses

 

889

 

103

Other expenses

 

3,248

 

3,721

Total non-interest expense

 

22,491

 

22,359

Income before income taxes

 

11,668

 

9,514

Income tax expense

 

2,188

 

1,793

Net income

$

9,480

$

7,721

Earnings per share:

 

  

 

  

Basic

$

0.63

$

0.50

Diluted

$

0.63

$

0.50

Weighted average common shares outstanding:

 

  

 

  

Basic

 

14,934

 

15,558

Diluted

 

15,007

 

15,593

The accompanying notes are an integral part of these consolidated financial statements.

6

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

    

Three Months Ended

March 31, 

(in thousands)

    

2021

    

2020

Net income

$

9,480

$

7,721

Other comprehensive income, before tax:

 

  

 

  

Changes in unrealized (loss) gain on securities available for sale

 

(7,185)

 

5,357

Changes in unrealized loss on hedging derivatives

 

(2,659)

 

(2,382)

Changes in unrealized loss on pension

 

 

Income taxes related to other comprehensive income:

 

  

 

  

Changes in unrealized loss (gain) on securities available for sale

 

1,672

 

(1,346)

Changes in unrealized loss on hedging derivatives

 

620

 

650

Changes in unrealized loss on pension

 

 

Total other comprehensive (loss) income

 

(7,552)

 

2,279

Total comprehensive income

$

1,928

$

10,000

The accompanying notes are an integral part of these consolidated financial statements.

7

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

    

    

    

Accumulated 

    

    

Common 

Additional 

other 

stock

paid-in

Retained 

comprehensive 

Treasury

(in thousands, except per share data)

    

 amount

    

 capital

    

earnings

    

income (loss)

    

 stock

    

Total

Balance at December 31, 2019

 

$

32,857

$

188,536

$

175,780

$

3,911

$

(4,677)

$

396,407

 

Net income

 

 

 

7,721

 

 

 

7,721

Other comprehensive income

 

 

 

 

2,279

 

 

2,279

Cash dividends declared ($0.22 per share)

 

 

 

(3,429)

 

 

 

(3,429)

Treasury stock purchased (5,586 shares)

 

 

 

 

 

(130)

 

(130)

Net issuance (23,010 shares) to employee stock plans, including related tax effects

 

 

660

 

 

 

129

 

789

Recognition of stock based compensation

 

 

118

 

 

 

 

118

Balance at March 31, 2020

$

32,857

$

189,314

$

180,072

$

6,190

$

(4,678)

$

403,755

Balance at December 31, 2020

$

32,857

$

190,084

$

195,607

$

11,016

$

(18,223)

$

411,341

Allowance for credit losses cumulative-effect adjustment - ASU 2016-13 (Note 1)

(5,242)

(5,242)

Net income

 

 

 

9,480

 

 

 

9,480

Other comprehensive (loss) income

 

 

 

 

(7,552)

 

 

(7,552)

Cash dividends declared ($0.22 per share)

 

 

 

(3,284)

 

 

 

(3,284)

Net issuance (34,049 shares) to employee stock plans, including related tax effects

 

 

(186)

 

 

 

358

 

172

Recognition of stock based compensation

 

 

666

 

 

 

 

666

Balance at March 31, 2021

$

32,857

$

190,564

$

196,561

$

3,464

$

(17,865)

$

405,581

The accompanying notes are an integral part of these consolidated financial statements.

8

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended March 31, 

(in thousands)

    

2021

    

2020

Cash flows from operating activities:

 

 

  

  

Net income

 

$

9,480

$

7,721

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

  

Provision for credit losses

 

(489)

 

1,111

Net amortization of securities

 

1,215

 

686

Change in unamortized net loan costs and premiums

 

(1,768)

 

(1,358)

Premises and equipment depreciation

 

1,181

 

1,182

Stock-based compensation expense

 

666

 

118

Accretion of purchase accounting entries, net

 

4

 

(263)

Amortization of other intangibles

 

241

 

256

Income from cash surrender value of bank-owned life insurance policies

 

(518)

 

(537)

Gain on sales of securities, net

 

 

(135)

Decrease in right-of-use lease assets

282

506

Decrease in lease liabilities

(259)

(555)

Loss on other real estate owned

 

 

31

Loss on premises and equipment, net

 

8

 

92

Net change in other assets and liabilities

 

(3,887)

 

(5,851)

Net cash provided by operating activities

 

6,156

 

3,004

Cash flows from investing activities:

 

  

 

  

Proceeds from sales of securities available for sale

 

 

32,017

Proceeds from maturities, calls and prepayments of securities available for sale

 

28,687

 

24,899

Purchases of securities available for sale

 

(79,583)

 

(15,739)

Net change in loans

 

25,330

 

6,300

Purchase of FHLB stock

 

(790)

 

(3,161)

Proceeds from sale of FHLB stock

 

 

3,943

Purchase of premises and equipment, net

 

(982)

 

(628)

Net investment in community limited partnerships

(470)

Acquisitions, net of cash acquired

(340)

Proceeds from sale of other real estate owned

51

Net cash (used in) provided by investing activities

 

(27,808)

 

47,342

Cash flows from financing activities:

 

  

 

  

Net change in deposits

 

6,127

 

(44,959)

Net change in short-term senior borrowings

19,653

(98,970)

Proceeds from long-term senior borrowings

139,000

Repayments of long-term senior borrowings

(8)

Net change in short-term other borrowings

 

(3,503)

 

(13,831)

Repayments of subordinated debt

(32)

Payment of subordinated debt issuance costs

(39)

Net issuance to employee stock plans

172

789

Purchase of treasury and common stock

(130)

Cash dividends paid on common stock

 

(3,284)

 

(3,429)

Net cash provided by (used in) financing activities

 

19,157

 

(21,601)

(continued)

9

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

Three Months Ended March 31, 

(in thousands)

    

2021

    

2020

Net change in cash and cash equivalents

 

(2,495)

 

28,745

Cash and cash equivalents at beginning of year

 

226,007

 

56,910

Cash and cash equivalents at end of year

$

223,512

$

85,655

Supplemental cash flow information:

 

  

 

  

Interest paid

$

6,231

$

8,455

Income taxes paid, net

 

3,389

 

1,205

Acquisition of non-cash assets and liabilities:

Assets acquired

1,171

Liabilities acquired

(343)

The accompanying notes are an integral part of these consolidated financial statements.

10

Table of Contents

BAR HARBOR BANKSHARES AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

NOTE 1.          BASIS OF PRESENTATION

The consolidated financial statements (the “financial statements”) of Bar Harbor Bankshares and its subsidiaries (the “Company” or “Bar Harbor”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Bar Harbor Bankshares is a Maine Financial Institution Holding Company for the purposes of the laws of the state of Maine, and as such is subject to the jurisdiction of the Superintendent of the Maine Bureau of Financial Institutions. These financial statements include the accounts of the Company, its wholly owned subsidiary Bar Harbor Bank & Trust (the "Bank") and the Bank’s consolidated subsidiaries. The results of operations of companies or assets acquired are included only from the dates of acquisition. All material wholly owned and majority owned subsidiaries are consolidated unless GAAP requires otherwise.

In addition, these interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X, and accordingly, certain information and footnote disclosures normally includ