0001398344-12-000269.txt : 20120201 0001398344-12-000269.hdr.sgml : 20120201 20120201122422 ACCESSION NUMBER: 0001398344-12-000269 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120201 DATE AS OF CHANGE: 20120201 EFFECTIVENESS DATE: 20120201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Penobscot Investment Management Company, Inc. CENTRAL INDEX KEY: 0001394866 IRS NUMBER: 042996291 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12468 FILM NUMBER: 12561662 BUSINESS ADDRESS: STREET 1: 50 CONGRESS STREET, SUITE 410 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-227-3111 MAIL ADDRESS: STREET 1: 50 CONGRESS STREET, SUITE 410 CITY: BOSTON STATE: MA ZIP: 02109 13F-HR 1 fp0004113_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Penobscot Investment Management Company, Inc. Address: 50 Congress Street, Suite 410 Boston, MA 02109 Form 13F File Number: 28-12468 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Douglas E. Hart Title: Principal Phone: 617-227-3111 Signature, Place, and Date of Signing: /s/ Douglas E. Hart Boston, MA January 31, 2012 ------------------- ---------- ---------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 215 ----------- Form 13F Information Table Value Total: $ 186,180 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------- ---------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ------- 3M CO COM COM 88579Y101 4,146 50,734 SH SOLE 37,622 13,112 3M CO COM COM 88579Y101 57 700 SH OTHER 520 180 ABBOTT LABS COM COM 002824100 4,219 75,037 SH SOLE 56,765 18,272 ABBOTT LABS COM COM 002824100 231 4,100 SH OTHER 700 3,400 ABERDEEN AISA PACIFIC INC COM 003009107 2,029 276,840 SH SOLE 170,060 106,780 ABERDEEN AISA PACIFIC INC COM 003009107 271 37,000 SH OTHER 3,400 33,600 ACCENTURE PLC CL A SHS CLASS A G1151C101 658 12,365 SH SOLE 8,560 3,805 ADOBE SYSTEMS INC COM 00724F101 356 12,600 SH SOLE 12,600 AFLAC INC COM 001055102 677 15,645 SH SOLE 9,765 5,880 AIR PRODUCTS & CHEMS INC COM 009158106 1,822 21,384 SH SOLE 17,984 3,400 AIR PRODUCTS & CHEMS INC COM 009158106 38 450 SH SOLE 450 AMERICAN ELECTRIC POWER COM 025537101 597 14,461 SH SOLE 4,491 9,970 AMERICAN EXPRESS COM 025816109 424 8,995 SH SOLE 7,945 1,050 AMPHENOL CL A 032095101 217 4,780 SH SOLE 3,250 1,530 AMPHENOL CL A 032095101 10 220 SH OTHER 220 ANADARKO PETROLEUM COM 032511107 372 4,870 SH SOLE 2,390 2,480 ANADARKO PETROLEUM COM 032511107 47 614 SH OTHER 614 APACHE CORP COM 037411105 1,350 14,901 SH SOLE 5,896 9,005 APACHE CORP COM 037411105 86 950 SH OTHER 450 500 APPLE COMPUTER INC COM 037833100 952 2,351 SH SOLE 2,031 320 APPLIED MATERIALS COM 038222105 180 16,800 SH SOLE 16,800 AQUA AMERICA INC COM 03836W103 329 14,916 SH SOLE 14,916 AT&T CORP COM NEW COM 00206R102 3,785 125,164 SH SOLE 102,288 22,876 AT&T CORP COM NEW COM 00206R102 30 1,000 SH OTHER 1,000 AUTO DATA PROCESSING COM 053015103 2,980 55,176 SH SOLE 38,136 17,040 AUTO DATA PROCESSING COM 053015103 240 4,450 SH OTHER 4,450 BANK OF AMERICA COM 060505104 102 18,292 SH SOLE 18,292 BARD C R INC COM 067383109 697 8,150 SH SOLE 7,130 1,020 BAXTER INTL INC COM 071813109 44 880 SH SOLE 700 180 BAXTER INTL INC COM 071813109 297 6,000 SH OTHER 6,000 BECTON DICKINSON COM 075887109 2,159 28,900 SH SOLE 22,240 6,660 BECTON DICKINSON COM 075887109 37 490 SH OTHER 490 BERKSHIRE HATHAWAY CL A CL A 084670108 230 200 SH SOLE 200 BERKSHIRE HATHAWAY CL B CL B NEW 084670702 368 4,828 SH SOLE 4,528 300 BHP BILLITON LTD SPONSORED ADR 088606108 768 10,880 SH SOLE 2,820 8,060 BHP BILLITON LTD SPONSORED ADR 088606108 14 200 SH OTHER 200 0 BLACKROCK INC COM 09247X101 194 1,090 SH SOLE 800 290 BLACKROCK INC COM 09247X101 11 60 SH OTHER 60 BOEING CO COM 097023105 432 5,890 SH SOLE 2,500 3,390 BOEING CO COM 097023105 392 5,350 SH OTHER 700 4,650 BP PLC SPONS ADR SPONSORED ADR 055622104 552 12,909 SH SOLE 12,309 600 BP PLC SPONS ADR SPONSORED ADR 055622104 56 1,306 SH OTHER 1,206 100 BRISTOL-MYERS SQUIBB COM 110122108 542 15,372 SH SOLE 14,780 592 BROWN FORMAN CORP-CL B CL B 115637209 698 8,669 SH SOLE 4,965 3,704 CAMDEN NATIONAL CORP COM 133034108 221 6,770 SH SOLE 6,770 CATERPILLAR INC COM 149123101 2,094 23,110 SH SOLE 18,650 4,460 CATERPILLAR INC COM 149123101 381 4,200 SH OTHER 4,200 CENTRAL FD CDA LTD COM 153501101 257 13,100 SH SOLE 5,100 8,000 CHEVRON CORP COM 166764100 6,232 58,576 SH SOLE 47,618 10,958 CHEVRON CORP COM 166764100 726 6,820 SH OTHER 520 6,300 CHUBB COM 171232101 2,064 29,823 SH SOLE 20,253 9,570 CHURCH & DWIGHT CO INC COM 171340102 672 14,691 SH SOLE 8,380 6,311 CISCO SYSTEMS INC COM 17275R102 391 21,600 SH SOLE 21,500 100 CISCO SYSTEMS INC COM 17275R102 6 328 SH OTHER 328 CLIFFS NATURAL RESOURCES COM 18683K101 752 12,065 SH SOLE 8,905 3,160 CLIFFS NATURAL RESOURCES COM 18683K101 16 260 SH OTHER 260 CLOROX CO COM 189054109 731 10,985 SH SOLE 10,910 75 COCA COLA CO COM 191216100 964 13,775 SH SOLE 8,900 4,875 COCA COLA CO COM 191216100 14 200 SH OTHER 200 COLGATE PALMOLIVE CO COM 194162103 349 3,775 SH SOLE 3,465 310 CONOCOPHILLIPS COM 20825C104 2,823 38,736 SH SOLE 33,566 5,170 CSX CORPORATION COM 126408103 2,301 109,265 SH SOLE 72,815 36,450 CSX CORPORATION COM 126408103 184 8,760 SH OTHER 2,310 6,450 CVS CAREMARK CORP COM 126650100 1,834 44,962 SH SOLE 28,204 16,758 CVS CAREMARK CORP COM 126650100 91 2,240 SH OTHER 1,400 840 DANAHER CORP COM 235851102 656 13,936 SH SOLE 12,836 1,100 DEERE & CO COM 244199105 1,128 14,585 SH SOLE 12,835 1,750 DOMINION RES INC VA COM COM 25746U109 220 4,154 SH SOLE 4,154 DOW CHEM CO COM 260543103 233 8,100 SH SOLE 7,902 198 DU PONT E I DE NEMOURS COM 263534109 1,574 34,384 SH SOLE 34,284 100 DU PONT E I DE NEMOURS COM 263534109 302 6,600 SH OTHER 6,600 ECOLAB INC COM 278865100 1,332 23,035 SH SOLE 14,265 8,770 EDISON INTERNATIONAL COM 281020107 236 5,690 SH SOLE 3,950 1,740 EMERSON ELECTRIC CO COM 291011104 2,145 46,050 SH SOLE 31,990 14,060 EMERSON ELECTRIC CO COM 291011104 33 700 SH OTHER 700 EQT CORPORATION COM 26884L109 1,397 25,500 SH SOLE 25,500 EQUIFAX INC COM 294429105 442 11,400 SH SOLE 11,400 EXELON COM 30161N101 245 5,650 SH SOLE 4,750 900 EXXON MOBIL CORP COM 30231G102 11,644 137,379 SH SOLE 101,042 36,337 EXXON MOBIL CORP COM 30231G102 1,432 16,894 SH OTHER 4,594 12,300 FACTSET RESEARCH COM 303075105 495 5,670 SH SOLE 3,260 2,410 FACTSET RESEARCH COM 303075105 44 500 SH OTHER 500 FASTENAL COM 311900104 780 17,882 SH SOLE 16,002 1,880 FIRST BANCORP INC COM 31866P102 503 32,736 SH SOLE 32,736 GENERAL DYNAMICS CORP COM 369550108 647 9,745 SH SOLE 6,515 3,230 GENERAL ELECTRIC CO COM 369604103 1,612 90,017 SH SOLE 83,892 6,125 GENERAL ELECTRIC CO COM 369604103 355 19,800 SH OTHER 7,000 12,800 GENERAL MILLS COM 370334104 309 7,646 SH SOLE 7,366 280 GLAXOSMITHKLINE PLC ADR SPONSORED ADR 37733W105 284 6,225 SH SOLE 6,225 GOOGLE INC CL A 38259P508 218 338 SH SOLE 338 HASBRO INC COM 418056107 701 21,990 SH SOLE 4,660 17,330 HASBRO INC COM 418056107 32 1,000 SH OTHER 1,000 HEINZ H J CO COM 423074103 692 12,800 SH SOLE 12,800 HONEYWELL INTL INC COM 438516106 242 4,457 SH SOLE 2,032 2,425 ILLINOIS TOOL WORKS INC COM 452308109 589 12,620 SH SOLE 11,200 1,420 INTEL CORP COM COM 458140100 3,478 143,440 SH SOLE 115,565 27,875 INTEL CORP COM COM 458140100 10 400 SH OTHER 400 INTL BUSINESS MACHS COM 459200101 8,879 48,287 SH SOLE 36,211 12,076 INTL BUSINESS MACHS COM 459200101 620 3,370 SH OTHER 1,190 2,180 ISHARES BARCLAYS TIPS BOND FUND BARCLYS TIPS BD 464287176 305 2,617 SH SOLE 649 1,968 ISHARES BARCLAYS TIPS BOND FUND BARCLYS TIPS BD 464287176 10 85 SH OTHER 85 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 350 8,225 SH SOLE 2,300 5,925 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 17 400 SH OTHER 400 JOHNSON & JOHNSON COM 478160104 5,485 83,639 SH SOLE 59,353 24,286 JOHNSON & JOHNSON COM 478160104 399 6,088 SH OTHER 2,248 3,840 JOHNSON CONTROLS INC COM 478366107 405 12,958 SH SOLE 8,028 4,930 JOHNSON CONTROLS INC COM 478366107 9 300 SH OTHER 300 JOY GLOBAL INC COM 481165108 301 4,020 SH SOLE 550 3,470 JOY GLOBAL INC COM 481165108 10 130 SH OTHER 130 JPMORGAN CHASE & CO COM 46625h100 1,107 33,300 SH SOLE 31,680 1,620 JPMORGAN CHASE & CO COM 46625h100 17 526 SH OTHER 396 130 KIMBERLY CLARK CORP COM 494368103 483 6,570 SH SOLE 5,855 715 MASTERCARD INC CL A 57636Q104 311 834 SH SOLE 579 255 MCCORMICK & CO INC COM NON VTG 579780206 898 17,805 SH SOLE 17,805 MCDONALDS CORP COM 580135101 3,913 39,003 SH SOLE 23,363 15,640 MCDONALDS CORP COM 580135101 521 5,190 SH OTHER 1,090 4,100 MCKESSON CORP COM 58155Q103 221 2,837 SH SOLE 1,167 1,670 MDU RESOURCES GROUP COM 552690109 35 1,650 SH SOLE 1,650 MDU RESOURCES GROUP COM 552690109 244 11,389 SH OTHER 11,389 MEDTRONIC INC COM 585055106 222 5,795 SH SOLE 1,775 4,020 MEDTRONIC INC COM 585055106 20 530 SH OTHER 130 400 MERCK & CO INC COM 58933Y105 934 24,768 SH SOLE 17,669 7,099 MERCK & CO INC COM 58933Y105 305 8,100 SH OTHER 1,800 6,300 MICROSOFT CORP COM 594918104 1,888 72,729 SH SOLE 44,490 28,239 MICROSOFT CORP COM 594918104 334 12,850 SH OTHER 1,850 11,000 MONSANTO CO NEW COM 61166W101 607 8,658 SH SOLE 8,658 NATIONAL PRESTO INDUSTRIES COM 637215104 1,259 13,450 SH SOLE 10,040 3,410 NATIONAL PRESTO INDUSTRIES COM 637215104 66 700 SH OTHER 700 NEXTERA ENERGY INC COM 65339F101 3,307 54,315 SH SOLE 28,025 26,290 NEXTERA ENERGY INC COM 65339F101 286 4,700 SH OTHER 2,400 2,300 NIKE INC CLASS B CL B 654106103 3,379 35,060 SH SOLE 17,075 17,985 NIKE INC CLASS B CL B 654106103 139 1,440 SH OTHER 700 740 NOBLE CORP NAMEN -AKT H5833N103 278 9,210 SH SOLE 5,900 3,310 NOBLE CORP NAMEN -AKT H5833N103 3 100 SH OTHER 100 NOBLE ENERGY INC COM 655044105 264 2,800 SH SOLE 2,800 NOKIA CORP SPONSORED ADR 654902204 154 32,000 SH SOLE 32,000 NORFOLK SOUTHERN CORP COM 655844108 553 7,594 SH SOLE 5,184 2,410 NORTHEAST UTILITIES COM 664397106 757 20,995 SH SOLE 20,470 525 NOVARTIS AG SPONS ADR SPONSORED ADR 66987V109 812 14,210 SH SOLE 10,835 3,375 NOVARTIS AG SPONS ADR SPONSORED ADR 66987V109 11 200 SH OTHER 200 NOVO NORDISK ADR 670100205 361 3,130 SH SOLE 3,080 50 NSTAR COM 67019E107 1,053 22,424 SH SOLE 12,080 10,344 OCCIDENTAL PETE CORP COM 674599105 372 3,975 SH SOLE 1,920 2,055 ORACLE COM 68389X105 1,481 57,720 SH SOLE 33,240 24,480 ORACLE COM 68389X105 81 3,150 SH OTHER 1,950 1,200 PARKER HANNIFIN CORP COM 701094104 202 2,650 SH SOLE 2,650 PAYCHEX INC COM 704326107 285 9,480 SH SOLE 7,830 1,650 PAYCHEX INC COM 704326107 5 180 SH OTHER 180 PEPSICO INC COM 713448108 3,797 57,220 SH SOLE 41,578 15,642 PEPSICO INC COM 713448108 58 870 SH OTHER 750 120 PERRIGO CO COM 714290103 426 4,380 SH SOLE 2,030 2,350 PFIZER INC COM COM 717081103 2,455 113,445 SH SOLE 113,445 PFIZER INC COM COM 717081103 381 17,600 SH OTHER 17,600 PPG INDUSTRIES COM 693506107 250 2,996 SH SOLE 2,996 PRAXAIR COM 74005P104 1,528 14,290 SH SOLE 11,580 2,710 PRECISION CASTPARTS CORP. COM 740189105 659 4,000 SH SOLE 4,000 PROCTER & GAMBLE CO COM 742718109 9,196 137,843 SH SOLE 110,555 27,288 PROCTER & GAMBLE CO COM 742718109 306 4,580 SH OTHER 1,080 3,500 PROSHARES SHORT 20+ TREASURY SHRT 20+ YR TRE 74347X849 191 6,120 SH SOLE 2,910 3,210 PROSHARES SHORT 20+ TREASURY SHRT 20+ YR TRE 74347X849 16 500 SH OTHER 500 QUALCOMM INC COM 747525103 798 14,580 SH SOLE 5,840 8,740 QUALCOMM INC COM 747525103 227 4,150 SH OTHER 1,350 2,800 ROYAL BANK OF CANADA COM 780087102 213 4,180 SH SOLE 3,530 650 ROYAL DUTCH SHELL ADR SPON ADR A 780259206 1,995 27,295 SH SOLE 21,720 5,575 SARA LEE CORP COM 803111103 424 22,400 SH SOLE 22,400 SCHLUMBERGER LTD COM 806857108 1,119 16,382 SH SOLE 11,002 5,380 SCHLUMBERGER LTD COM 806857108 68 1,000 SH OTHER 600 400 SHERWIN WILLIAMS CO COM 824348106 2,868 32,125 SH SOLE 28,390 3,735 SHERWIN WILLIAMS CO COM 824348106 8 90 SH OTHER 90 SIGMA-ALDRICH CORP COM 826552101 2,061 33,000 SH SOLE 22,230 10,770 SIGMA-ALDRICH CORP COM 826552101 10 160 SH OTHER 160 SMUCKER J M CO COM NEW 832696405 807 10,319 SH SOLE 5,379 4,940 SMUCKER J M CO COM NEW 832696405 27 340 SH OTHER 340 SOUTHERN CO COM 842587107 561 12,118 SH SOLE 8,430 3,688 SOUTHWESTERN ENERGY COM 845467109 84 2,630 SH SOLE 130 2,500 SOUTHWESTERN ENERGY COM 845467109 821 25,700 SH OTHER 25,700 SPDR DOW JONES IND AVE UT SER 1 78467X109 472 3,870 SH SOLE 2,890 980 SPDR DOW JONES IND AVE UT SER 1 78467X109 37 300 SH OTHER 300 SPDR GOLD TRUST GOLD SHS 78463V107 1,009 6,636 SH SOLE 1,541 5,095 SPDR S&P DIVIDEND ETF S&P DIVID ETF 78464A763 236 4,385 SH SOLE 4,185 200 SPDR S&P 500 ETF TR UNIT 78462F103 292 2,327 SH SOLE 1,407 920 SPDR S&P MIDCAP 400 ETF UTSER1 S&PDCRP 78467Y107 301 1,885 SH SOLE 535 1,350 STRYKER CORP COM 863667101 568 11,421 SH SOLE 4,650 6,771 STRYKER CORP COM 863667101 26 520 SH OTHER 520 SYSCO CORP COM 871829107 356 12,134 SH SOLE 11,673 461 TELEFONICA S A ADR SPONSORED ADR 879382208 178 10,350 SH SOLE 10,350 TEVA PHARMACEUTICAL ADR COM 881624209 729 18,060 SH SOLE 11,520 6,540 TEVA PHARMACEUTICAL ADR COM 881624209 52 1,300 SH OTHER 600 700 TEXAS INSTRUMENTS INC. COM 882508104 392 13,455 SH SOLE 7,670 5,785 TJX COMPANIES COM 872540109 607 9,410 SH SOLE 5,370 4,040 TORONTO DOMINION BANK COM NEW 891160509 1,676 22,399 SH SOLE 13,477 8,922 TORONTO DOMINION BANK COM NEW 891160509 142 1,900 SH OTHER 500 1,400 UNION PACIFIC CORP COM 907818108 1,417 13,380 SH SOLE 9,100 4,280 UNION PACIFIC CORP COM 907818108 21 200 SH OTHER 200 UNITED PARCEL SVC INC CL B CL B 911312106 284 3,880 SH SOLE 1,400 2,480 UNITED TECHNOLOGIES CORP COM 913017109 5,093 69,685 SH SOLE 48,915 20,770 UNITED TECHNOLOGIES CORP COM 913017109 251 3,440 SH OTHER 890 2,550 US BANCORP COM NEW 902973304 717 26,488 SH SOLE 26,488 US BANCORP COM NEW 902973304 5 200 SH OTHER 200 VANGUARD MSCI EMERGING MARKETS ETF MSCI EMR MKT ETF 922042858 223 5,840 SH SOLE 4,080 1,760 VERIZON COMMUNICATIONS COM 92343V104 1,359 33,868 SH SOLE 32,668 1,200 VERIZON COMMUNICATIONS COM 92343V104 8 200 SH OTHER 200 VISA INC COM CL A 92826C839 241 2,375 SH SOLE 1,915 460 VISA INC COM CL A 92826C839 10 100 SH OTHER 100 VODAFONE GROUP PLC SPONS ADR NEW 92857W209 284 10,117 SH SOLE 5,021 5,096 VODAFONE GROUP PLC SPONS ADR NEW 92857W209 37 1,312 SH OTHER 1,312 WALGREEN CO COM 931422109 336 10,178 SH SOLE 10,098 80 WALT DISNEY COMPANY COM DISNEY 254687106 1,372 36,593 SH SOLE 31,053 5,540 WALT DISNEY COMPANY COM DISNEY 254687106 45 1,200 SH OTHER 1,200 WELLS FARGO & CO COM 949746101 300 10,898 SH SOLE 5,668 5,230 WINDSTREAM CORPORATION COM 97381W104 284 24,200 SH SOLE 24,200 WISCONSIN ENERGY CP COM 976657106 423 12,110 SH SOLE 10,090 2,020 WISCONSIN ENERGY CP COM 976657106 10 300 SH OTHER 300 ZIMMER HOLDINGS INC COM 98956P102 221 4,131 SH SOLE 3,331 800 ZIX CORPORATION COM 98974P100 43 15,400 SH OTHER 15,400