0001398344-11-001858.txt : 20110815 0001398344-11-001858.hdr.sgml : 20110815 20110815150644 ACCESSION NUMBER: 0001398344-11-001858 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 EFFECTIVENESS DATE: 20110815 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: 111035592 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 fp0003327_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: June 30, 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 August 15, 2011 ------------------- ---------- --------------- [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: 207 ----------- Form 13F Information Table Value Total: $ 188,239 ----------- (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 4,553 48,001 SH SOLE 34,544 13,457 3M CO COM COM 88579y101 60 630 SH OTHER 450 180 ABBOTT LABS COM COM 002824100 3,520 66,887 SH SOLE 50,375 16,512 ABBOTT LABS COM COM 002824100 216 4,100 SH OTHER 700 3,400 ABERDEEN AISA PACIFIC INC COM 003009107 1,496 204,095 SH SOLE 108,705 95,390 ABERDEEN AISA PACIFIC INC COM 003009107 271 37,000 SH OTHER 3,400 33,600 ACCENTURE PLC CL A SHS CLASS A G1151C101 498 8,245 SH SOLE 4,710 3,535 ADOBE SYSTEMS INC COM 00724f101 396 12,600 SH SOLE 12,600 AFLAC INC COM 001055102 1,368 29,300 SH SOLE 18,220 11,080 AFLAC INC COM 001055102 28 600 SH OTHER 600 AIR PRODUCTS & CHEMS INC COM 009158106 1,947 20,366 SH SOLE 17,666 2,700 AMERICAN ELECTRIC POWER COM 025537101 466 12,361 SH SOLE 4,491 7,870 AMERICAN EXPRESS COM 025816109 461 8,910 SH SOLE 7,860 1,050 AMPHENOL CL A 032095101 259 4,800 SH SOLE 3,270 1,530 AMPHENOL CL A 032095101 12 220 SH OTHER 220 ANADARKO PETROLEUM COM 032511107 388 5,050 SH SOLE 2,390 2,660 ANADARKO PETROLEUM COM 032511107 47 614 SH OTHER 614 APACHE CORP COM 037411105 1,800 14,591 SH SOLE 6,596 7,995 APACHE CORP COM 037411105 117 950 SH OTHER 450 500 APPLE COMPUTER INC COM 037833100 579 1,725 SH SOLE 1,135 590 APPLIED MATERIALS COM 038222105 219 16,800 SH SOLE 16,800 AQUA AMERICA INC COM 03836w103 328 14,916 SH SOLE 14,916 AT&T CORP COM NEW COM 00206R102 3,627 115,461 SH SOLE 92,811 22,650 AT&T CORP COM NEW COM 00206R102 31 1,000 SH OTHER 1,000 AUTO DATA PROCESSING COM 053015103 2,622 49,781 SH SOLE 36,426 13,355 AUTO DATA PROCESSING COM 053015103 255 4,850 SH OTHER 4,850 AVERY DENNISON CORP COM 053611109 260 6,720 SH SOLE 6,720 BAKER HUGHES INC COM 057224107 258 3,550 SH SOLE 2,520 1,030 BANK OF AMERICA COM 060505104 200 18,292 SH SOLE 18,292 BARD C R INC COM 067383109 946 8,610 SH SOLE 7,590 1,020 BAXTER INTL INC COM 071813109 53 880 SH SOLE 700 180 BAXTER INTL INC COM 071813109 358 6,000 SH OTHER 6,000 BECTON DICKINSON COM 075887109 2,582 29,960 SH SOLE 21,530 8,430 BECTON DICKINSON COM 075887109 34 400 SH OTHER 400 BERKSHIRE HATHAWAY CL A CL A 084670108 232 200 SH SOLE 200 BERKSHIRE HATHAWAY CL B CL B NEW 084670702 374 4,828 SH SOLE 4,528 300 BHP BILLITON LTD SPONSORED ADR 088606108 914 9,660 SH SOLE 2,530 7,130 BHP BILLITON LTD SPONSORED ADR 088606108 62 650 SH OTHER 400 250 BOEING CO COM 097023105 291 3,930 SH SOLE 2,110 1,820 BOEING CO COM 097023105 396 5,350 SH OTHER 700 4,650 BP PLC SPONS ADR SPONSORED ADR 055622104 499 11,274 SH SOLE 11,274 BP PLC SPONS ADR SPONSORED ADR 055622104 58 1,306 SH OTHER 1,206 100 BRISTOL-MYERS SQUIBB COM 110122108 443 15,302 SH SOLE 14,180 1,122 BROWN FORMAN CORP-CL B CL B 115637209 662 8,869 SH SOLE 4,965 3,904 CATERPILLAR INC COM 149123101 1,983 18,630 SH SOLE 15,030 3,600 CATERPILLAR INC COM 149123101 447 4,200 SH OTHER 4,200 CENTRAL FD CDA LTD COM 153501101 232 11,390 SH SOLE 4,540 6,850 CHEVRON CORP COM 166764100 5,533 53,803 SH SOLE 44,171 9,632 CHEVRON CORP COM 166764100 695 6,760 SH OTHER 460 6,300 CHUBB COM 171232101 1,548 24,720 SH SOLE 16,830 7,890 CHURCH & DWIGHT CO INC COM 171340102 268 6,601 SH SOLE 3,500 3,101 CISCO SYSTEMS INC COM 17275r102 337 21,600 SH SOLE 21,500 100 CISCO SYSTEMS INC COM 17275r102 5 328 SH OTHER 328 CLIFFS NATURAL RESOURCES COM 18683K101 1,091 11,805 SH SOLE 10,185 1,620 CLIFFS NATURAL RESOURCES COM 18683K101 24 260 SH OTHER 260 CLOROX CO COM 189054109 740 10,975 SH SOLE 10,900 75 COCA COLA CO COM 191216100 905 13,455 SH SOLE 8,540 4,915 COLGATE PALMOLIVE CO COM 194162103 257 2,945 SH SOLE 2,635 310 CONOCOPHILLIPS COM 20825c104 2,888 38,406 SH SOLE 33,066 5,340 CSX CORPORATION COM 126408103 2,532 96,560 SH SOLE 67,280 29,280 CSX CORPORATION COM 126408103 230 8,760 SH OTHER 2,310 6,450 CVS CAREMARK CORP COM 126650100 1,595 42,448 SH SOLE 26,320 16,128 CVS CAREMARK CORP COM 126650100 84 2,240 SH OTHER 1,400 840 DANAHER CORP COM 235851102 766 14,450 SH SOLE 13,490 960 DEERE & CO COM 244199105 1,167 14,150 SH SOLE 12,330 1,820 DEVON ENERGY COM 25179M103 287 3,638 SH SOLE 2,218 1,420 DOVER CORP COM 260003108 214 3,150 SH SOLE 3,150 DOW CHEMICAL COMPANY COM 260543103 292 8,100 SH SOLE 7,902 198 DU PONT E I DE NEMOURS COM 263534109 1,842 34,086 SH SOLE 33,886 200 DU PONT E I DE NEMOURS COM 263534109 357 6,600 SH OTHER 6,600 ECOLAB INC COM 278865100 1,228 21,775 SH SOLE 13,605 8,170 EL PASO CORPORATION COM 28336L109 327 16,200 SH SOLE 16,200 EMERSON ELECTRIC CO COM 291011104 2,335 41,510 SH SOLE 28,520 12,990 EMERSON ELECTRIC CO COM 291011104 39 700 SH OTHER 700 EQT CORPORATION COM 26884L109 1,366 26,000 SH SOLE 26,000 EQUIFAX INC COM 294429105 396 11,400 SH SOLE 11,400 ETF PALLADIUM TR SH BEN INT 26923A106 219 2,900 SH SOLE 2,900 EXELON COM 30161n101 242 5,650 SH SOLE 4,750 900 EXXON MOBIL CORP COM 30231G102 10,983 134,960 SH SOLE 101,038 33,922 EXXON MOBIL CORP COM 30231G102 1,350 16,594 SH OTHER 4,294 12,300 FACTSET RESEARCH COM 303075105 511 4,990 SH SOLE 3,030 1,960 FACTSET RESEARCH COM 303075105 51 500 SH OTHER 500 FASTENAL COM 311900104 657 18,252 SH SOLE 15,372 2,880 FORTUNE BRANDS INC COM 349631101 223 3,490 SH SOLE 3,490 FREEPORT MCMORAN COPPER COM 35671D857 236 4,458 SH SOLE 4,198 260 GENERAL DYNAMICS CORP COM 369550108 965 12,950 SH SOLE 8,290 4,660 GENERAL DYNAMICS CORP COM 369550108 45 600 SH OTHER 600 GENERAL ELECTRIC CO COM 369604103 1,985 105,267 SH SOLE 99,142 6,125 GENERAL ELECTRIC CO COM 369604103 373 19,800 SH OTHER 7,000 12,800 GLAXOSMITHKLINE PLC ADR SPONSORED ADR 37733w105 267 6,225 SH SOLE 6,225 GREEN MOUNTAIN COFFEE ROASTERS COM 393122106 232 2,600 SH SOLE 2,600 HASBRO INC COM 418056107 1,114 25,350 SH SOLE 5,490 19,860 HASBRO INC COM 418056107 44 1,000 SH OTHER 1,000 HEINZ H J CO COM 423074103 655 12,300 SH SOLE 12,300 HEWLETT-PACKARD CO COM 428236103 256 7,030 SH SOLE 6,230 800 HONEYWELL INTL INC COM 438516106 240 4,027 SH SOLE 1,652 2,375 ILLINOIS TOOL WORKS INC COM 452308109 609 10,772 SH SOLE 8,912 1,860 INTEL CORP COM COM 458140100 3,136 141,520 SH SOLE 112,585 28,935 INTL BUSINESS MACHS COM 459200101 8,081 47,103 SH SOLE 34,917 12,186 INTL BUSINESS MACHS COM 459200101 544 3,170 SH OTHER 990 2,180 ISHARES BARCLYS TIPS BD BARCLYS TIPS BD 464287176 213 1,927 SH SOLE 1,319 608 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 471 9,125 SH SOLE 1,900 7,225 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 21 400 SH OTHER 400 JOHNSON & JOHNSON COM 478160104 5,467 82,190 SH SOLE 58,109 24,081 JOHNSON & JOHNSON COM 478160104 397 5,968 SH OTHER 2,128 3,840 JOHNSON CONTROLS INC COM 478366107 695 16,688 SH SOLE 10,598 6,090 JOHNSON CONTROLS INC COM 478366107 12 300 SH OTHER 300 JOY GLOBAL INC COM 481165108 370 3,890 SH SOLE 550 3,340 JOY GLOBAL INC COM 481165108 34 360 SH OTHER 130 230 JPMORGAN CHASE & CO COM 46625h100 1,662 40,608 SH SOLE 35,998 4,610 JPMORGAN CHASE & CO COM 46625h100 27 650 SH OTHER 520 130 KIMBERLY CLARK CORP COM 494368103 401 6,030 SH SOLE 5,175 855 LINEAR TECHNOLOGY COM 535678106 200 6,060 SH SOLE 4,960 1,100 MCCORMICK & CO INC COM NON VTG 579780206 828 16,700 SH SOLE 16,700 MCDONALDS CORP COM 580135101 2,945 34,928 SH SOLE 20,288 14,640 MCDONALDS CORP COM 580135101 438 5,190 SH OTHER 1,090 4,100 MDU RESOURCES GROUP COM 552690109 37 1,650 SH SOLE 1,650 MDU RESOURCES GROUP COM 552690109 256 11,389 SH OTHER 11,389 MEDTRONIC INC COM 585055106 246 6,380 SH SOLE 1,740 4,640 MEDTRONIC INC COM 585055106 15 400 SH OTHER 400 MERCK & CO INC COM 58933Y105 898 25,458 SH SOLE 18,259 7,199 MERCK & CO INC COM 58933Y105 286 8,100 SH OTHER 1,800 6,300 MICROSOFT CORP COM 594918104 1,989 76,499 SH SOLE 47,340 29,159 MICROSOFT CORP COM 594918104 319 12,250 SH OTHER 1,250 11,000 MONSANTO CO NEW COM 61166W101 661 9,108 SH SOLE 9,108 NATIONAL PRESTO INDUSTRIES COM 637215104 1,119 11,030 SH SOLE 8,160 2,870 NATIONAL PRESTO INDUSTRIES COM 637215104 71 700 SH OTHER 700 NEXTERA ENERGY INC COM 65339F101 2,881 50,131 SH SOLE 26,165 23,966 NEXTERA ENERGY INC COM 65339F101 270 4,700 SH OTHER 2,400 2,300 NIKE INC CLASS B CL B 654106103 3,256 36,190 SH SOLE 17,325 18,865 NIKE INC CLASS B CL B 654106103 119 1,320 SH OTHER 580 740 NOBLE CORP NAMEN -AKT H5833N103 644 16,335 SH SOLE 10,715 5,620 NOBLE CORP NAMEN -AKT H5833N103 20 500 SH OTHER 500 NOBLE ENERGY COM 655044105 251 2,800 SH SOLE 2,800 NOKIA CORP-SPONS ADR SPONSORED ADR 654902204 205 32,000 SH SOLE 32,000 NORFOLK SOUTHERN CORP COM 655844108 468 6,244 SH SOLE 4,004 2,240 NORTHEAST UTILITIES COM 664397106 738 20,995 SH SOLE 20,470 525 NORTHROP GRUMMAN CORP COM 666807102 223 3,214 SH SOLE 3,214 NOVARTIS AG SPONS ADR SPONSORED ADR 66987v109 837 13,697 SH SOLE 10,302 3,395 NOVO NORDISK ADR 670100205 362 2,890 SH SOLE 2,840 50 NSTAR COM 67019E107 1,027 22,344 SH SOLE 11,900 10,444 OCCIDENTAL PETE CORP COM 674599105 261 2,505 SH SOLE 870 1,635 ORACLE COM 68389X105 1,762 53,550 SH SOLE 30,370 23,180 ORACLE COM 68389X105 104 3,150 SH OTHER 1,950 1,200 PACCAR INC COM 693718108 244 4,780 SH SOLE 4,780 PARKER HANNIFIN CORP COM 701094104 238 2,650 SH SOLE 2,650 PAYCHEX INC COM 704326107 420 13,680 SH SOLE 11,910 1,770 PEPSICO INC COM 713448108 4,094 58,130 SH SOLE 41,268 16,862 PEPSICO INC COM 713448108 77 1,100 SH OTHER 500 600 PFIZER INC COM COM 717081103 2,472 119,998 SH SOLE 119,998 PFIZER INC COM COM 717081103 363 17,600 SH OTHER 17,600 POWERSHS DB COMMDTY INDX UNIT BEN INT 73935S105 324 11,171 SH SOLE 7,241 3,930 PPG INDUSTRIES COM 693506107 272 2,996 SH SOLE 2,996 PRAXAIR COM 74005P104 1,321 12,185 SH SOLE 9,525 2,660 PRECISION CASTPARTS CORP. COM 740189105 659 4,000 SH SOLE 4,000 PROCTER & GAMBLE CO COM 742718109 8,608 135,403 SH SOLE 108,712 26,691 PROCTER & GAMBLE CO COM 742718109 315 4,960 SH OTHER 980 3,980 PROSHARES SHORT ETF SHRT 20+YR TRE 74347X849 512 12,030 SH SOLE 2,910 9,120 PROSHARES SHORT ETF SHRT 20+YR TRE 74347X849 40 950 SH OTHER 950 QUALCOMM INC COM 747525103 712 12,533 SH SOLE 5,258 7,275 QUALCOMM INC COM 747525103 224 3,950 SH OTHER 1,150 2,800 REALTY INCOME CORP COM 756109104 731 21,820 SH SOLE 15,110 6,710 ROYAL BANK OF CANADA COM 780087102 426 7,470 SH SOLE 5,370 2,100 ROYAL DUTCH SHELL ADR SPON ADR A 780259206 1,863 26,190 SH SOLE 20,615 5,575 SARA LEE CORP COM 803111103 425 22,400 SH SOLE 22,400 SCHLUMBERGER LTD COM 806857108 1,340 15,510 SH SOLE 10,030 5,480 SCHLUMBERGER LTD COM 806857108 125 1,450 SH OTHER 600 850 SHERWIN WILLIAMS CO COM 824348106 2,782 33,165 SH SOLE 29,430 3,735 SIGMA-ALDRICH CORP COM 826552101 2,451 33,400 SH SOLE 22,510 10,890 SMUCKER J M CO COM NEW 832696405 503 6,584 SH SOLE 2,604 3,980 SMUCKER J M CO COM NEW 832696405 26 340 SH OTHER 340 SOUTHERN CO COM 842587107 479 11,858 SH SOLE 8,330 3,528 SOUTHWESTERN ENERGY COM 845467109 107 2,500 SH SOLE 2,500 SOUTHWESTERN ENERGY COM 845467109 1,102 25,700 SH OTHER 25,700 SPDR DOW JONES IND AVE UT SER 1 78467X109 469 3,790 SH SOLE 2,080 1,710 SPDR DOW JONES IND AVE UT SER 1 78467X109 37 300 SH OTHER 300 SPDR GOLD TRUST GOLD SHS 78463V107 946 6,480 SH SOLE 1,575 4,905 STANDARD & POORS DEP REC TR UNIT 78462F103 315 2,387 SH SOLE 1,307 1,080 STANDARD & POORS MIDCAP 400 UTSER1 S&PDCRP 78467Y107 333 1,878 SH SOLE 528 1,350 STRYKER CORP COM 863667101 744 12,671 SH SOLE 5,320 7,351 STRYKER CORP COM 863667101 60 1,020 SH OTHER 500 520 SYSCO CORP COM 871829107 376 12,067 SH SOLE 11,606 461 TELEFONICA S A ADR COM 879382208 298 12,174 SH SOLE 12,174 TEVA PHARMACEUTICAL ADR COM 881624209 1,797 37,275 SH SOLE 20,705 16,570 TEVA PHARMACEUTICAL ADR COM 881624209 82 1,700 SH OTHER 1,000 700 TEXAS INSTRUMENTS INC. COM 882508104 497 15,135 SH SOLE 8,040 7,095 TJX COMPANIES COM 872540109 322 6,130 SH SOLE 3,270 2,860 TORONTO DOMINION BANK COM NEW 891160509 1,747 20,579 SH SOLE 11,367 9,212 TORONTO DOMINION BANK COM NEW 891160509 185 2,180 SH OTHER 780 1,400 UNION PACIFIC CORP COM 907818108 1,350 12,930 SH SOLE 9,080 3,850 UNION PACIFIC CORP COM 907818108 21 200 SH OTHER 200 UNITED PARCEL SVC INC CL B CL B 911312106 276 3,780 SH SOLE 1,300 2,480 UNITED TECHNOLOGIES CORP COM 913017109 6,106 68,985 SH SOLE 47,785 21,200 UNITED TECHNOLOGIES CORP COM 913017109 336 3,800 SH OTHER 800 3,000 US BANCORP COM NEW 902973304 844 33,102 SH SOLE 30,822 2,280 VALE SA ADR ADR 91912E105 326 10,200 SH SOLE 9,770 430 VANGUARD EMERGING MARKETS INDEX MSCI EMR MKT ETF 922042858 249 5,118 SH SOLE 4,408 710 VERIZON COMMUNICATIONS COM 92343v104 1,180 31,708 SH SOLE 31,108 600 VODAFONE GROUP PLC SPONS ADR NEW 92857w209 270 10,117 SH SOLE 5,021 5,096 VODAFONE GROUP PLC SPONS ADR NEW 92857w209 35 1,312 SH OTHER 1,312 WALGREEN CO COM 931422109 442 10,413 SH SOLE 9,813 600 WALT DISNEY COMPANY COM DISNEY 254687106 1,411 36,143 SH SOLE 31,413 4,730 WALT DISNEY COMPANY COM DISNEY 254687106 47 1,200 SH OTHER 1,200 WELLS FARGO & CO COM 949746101 453 16,128 SH SOLE 7,748 8,380 WINDSTREAM CORPORATION COM 97381W104 404 31,200 SH SOLE 31,200 ZIMMER HOLDINGS INC COM 98956P102 248 3,920 SH SOLE 3,120 800 ZIX CORPORATION COM 98974P100 59 15,400 SH OTHER 15,400