13F-HR 1 fp0001712_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: March 31, 2010 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 May 17, 2010 --------------------- ------------- ------------ [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 28-______________ _______________________________ [Repeat as necessary. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 171 ----------- Form 13F Information Table Value Total: $ 155,388 ----------- (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.] No. Form 13F File Number Name ______ 28-______________________ ______________________________ [Repeat as necessary.]
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------- -------------- --------- -------- ------------------- ---------- -------- ------------------- VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED OTHER ----------------------------- -------------- --------- -------- ------- ---- ---- ---------- -------- ---- ------ ----- 3M CO COM COM 88579y101 4,263 51,006 SH SOLE 31,699 19,307 3M CO COM COM 88579y101 15 180 SH OTHER 180 ABBOTT LABS COM COM 2824100 3,553 67,441 SH SOLE 40,050 27,391 ABBOTT LABS COM COM 2824100 269 5,100 SH OTHER 700 4,400 ABERDEEN AISA PACIFIC INC COM 3009107 381 58,380 SH SOLE 8,640 49,740 ABERDEEN AISA PACIFIC INC COM 3009107 42 6,400 SH OTHER 3,400 3,000 ADOBE SYSTEMS INC COM 00724f101 474 13,400 SH SOLE 12,600 800 AFLAC INC COM 1055102 1,608 29,610 SH SOLE 14,970 14,640 AFLAC INC COM 1055102 102 1,880 SH OTHER 1,050 830 AIR PRODUCTS & CHEMS INC COM 9158106 1,580 21,366 SH SOLE 17,366 4,000 AIRGAS INC COM 9363102 1,841 28,930 SH SOLE 18,150 10,780 AMERICAN ELECTRIC POWER COM 25537101 556 16,261 SH SOLE 4,491 11,770 AMERICAN ELECTRIC POWER COM 25537101 79 2,300 SH OTHER 2,300 AMERICAN EXPRESS COM 25816109 372 9,015 SH SOLE 7,860 1,155 ANADARKO PETROLEUM COM 32511107 398 5,460 SH SOLE 800 4,660 ANADARKO PETROLEUM COM 32511107 45 614 SH OTHER 614 APACHE CORP COM 37411105 1,013 9,981 SH SOLE 1,136 8,845 APACHE CORP COM 37411105 132 1,300 SH OTHER 1,300 APPLE COMPUTER INC COM 37833100 236 1,005 SH SOLE 315 690 APPLIED MATERIALS COM 38222105 245 18,200 SH SOLE 800 17,400 AQUA AMERICA INC COM 03836w103 262 14,916 SH SOLE 14,916 AT&T CORP COM NEW COM 00206R102 2,339 90,517 SH SOLE 73,808 16,709 AT&T CORP COM NEW COM 00206R102 207 8,000 SH OTHER 8,000 AUTO DATA PROCESSING COM 53015103 1,809 40,671 SH SOLE 24,856 15,815 AUTO DATA PROCESSING COM 53015103 207 4,650 SH OTHER 4,650 AVERY DENNISON CORP COM 53611109 252 6,920 SH SOLE 6,920 BANK OF AMERICA COM 60505104 345 19,352 SH SOLE 19,352 BARD C R INC COM 67383109 1,054 12,170 SH SOLE 7,800 4,370 BARD C R INC COM 67383109 35 400 SH OTHER 400 BAXTER INTL INC COM 71813109 51 880 SH SOLE 700 180 BAXTER INTL INC COM 71813109 349 6,000 SH OTHER 6,000 BECTON DICKINSON COM 75887109 2,890 36,710 SH SOLE 22,020 14,690 BECTON DICKINSON COM 75887109 71 900 SH OTHER 400 500 BERKSHIRE HATHAWAY CL A 1/100TH COM 84670108 244 200 SH SOLE 200 BERKSHIRE HATHAWAY COM 84670702 471 5,800 SH SOLE 5,450 350 BHP BILLITON LTD COM 88606108 431 5,360 SH SOLE 1,580 3,780 BOEING CO COM 97023105 292 4,020 SH SOLE 1,180 2,840 BOEING CO COM 97023105 388 5,350 SH OTHER 700 4,650 BP PLC SPONS ADR COM 55622104 1,291 22,623 SH SOLE 17,957 4,666 BP PLC SPONS ADR COM 55622104 75 1,306 SH OTHER 1,206 100 BRISTOL-MYERS SQUIBB COM 110122108 328 12,275 SH SOLE 8,583 3,692 BROWN FORMAN CORP-CL B COM 115637209 532 8,956 SH SOLE 4,715 4,241 BRUNSWICK CORP COM 117043109 160 10,000 SH SOLE 10,000 CATERPILLAR INC COM 149123101 1,361 21,650 SH SOLE 16,250 5,400 CATERPILLAR INC COM 149123101 264 4,200 SH OTHER 4,200 CHEVRON CORP COM 166764100 4,239 55,899 SH SOLE 41,828 14,071 CHEVRON CORP COM 166764100 559 7,376 SH OTHER 460 6,916 CHUBB COM 171232101 530 10,220 SH SOLE 4,550 5,670 CISCO SYSTEMS INC COM 17275r102 637 24,480 SH SOLE 16,500 7,980 CISCO SYSTEMS INC COM 17275r102 9 328 SH OTHER 328 CLIFFS NATURAL RESOURCES COM 18683K101 431 6,080 SH SOLE 6,080 CLOROX CO COM 189054109 666 10,385 SH SOLE 10,060 325 COCA COLA CO COM 191216100 845 15,370 SH SOLE 7,625 7,745 COCA COLA CO COM 191216100 33 600 SH OTHER 600 COLGATE COM 194162103 262 3,077 SH SOLE 2,485 592 CONOCOPHILLIPS COM 20825c104 2,018 39,446 SH SOLE 25,106 14,340 CSX CORPORATION COM 126408103 1,161 22,810 SH SOLE 16,610 6,200 CSX CORPORATION COM 126408103 76 1,500 SH OTHER 1,500 CURRENCY SHARES SWISS COM 23129V109 532 5,640 SH SOLE 5,640 CVS CAREMARK CORP COM 126650100 1,753 47,948 SH SOLE 24,910 23,038 CVS CAREMARK CORP COM 126650100 133 3,640 SH OTHER 1,400 2,240 DEERE & CO COM 244199105 1,470 24,715 SH SOLE 8,630 16,085 DELL COM 24702R101 272 18,130 SH SOLE 18,130 DEVON ENERGY COM 25179M103 238 3,688 SH SOLE 2,468 1,220 DEVON ENERGY COM 25179M103 26 400 SH OTHER 400 DOW CHEM CO COM 260543103 240 8,102 SH SOLE 7,902 200 DU PONT E I DE NEMOURS COM 263534109 1,101 29,572 SH SOLE 26,048 3,524 DU PONT E I DE NEMOURS COM 263534109 246 6,600 SH OTHER 6,600 EMERSON ELECTRIC CO COM 291011104 1,021 20,280 SH SOLE 9,360 10,920 EQT CORPORATION COM 294549100 1,025 25,000 SH SOLE 25,000 EQUIFAX INC COM 294429105 408 11,400 SH SOLE 11,400 EXELON COM 30161n101 308 7,040 SH SOLE 6,140 900 EXXON MOBIL CORP COM 30231G102 9,043 135,017 SH SOLE 85,835 49,182 EXXON MOBIL CORP COM 30231G102 1,339 19,994 SH OTHER 4,294 15,700 FACTSET RESEARCH COM 303075105 266 3,630 SH SOLE 2,530 1,100 FASTENAL COM 311900104 295 6,146 SH SOLE 5,196 950 FPL GROUP INC COM 302571104 2,828 58,511 SH SOLE 27,885 30,626 FPL GROUP INC COM 302571104 324 6,700 SH OTHER 2,400 4,300 GENERAL DYNAMICS CORP COM 369550108 890 11,530 SH SOLE 8,190 3,340 GENERAL ELECTRIC CO COM 369604103 1,548 85,064 SH SOLE 65,889 19,175 GENERAL ELECTRIC CO COM 369604103 415 22,800 SH OTHER 7,000 15,800 GLAXOSMITHKLINE PLC ADR COM 37733w105 230 5,960 SH SOLE 5,960 HEINZ H J CO COM 423074103 569 12,478 SH SOLE 12,478 HEWLETT-PACKARD CO COM 428236103 904 17,006 SH SOLE 1,860 15,146 ILLINOIS TOOL WORKS INC COM 452308109 548 11,572 SH SOLE 9,592 1,980 INTEL CORP COM COM 458140100 3,391 152,120 SH SOLE 91,235 60,885 INTL BUSINESS MACHS COM 459200101 5,775 45,028 SH SOLE 30,752 14,276 INTL BUSINESS MACHS COM 459200101 496 3,870 SH OTHER 990 2,880 JOHNSON & JOHNSON COM 478160104 5,752 88,217 SH SOLE 50,674 37,543 JOHNSON & JOHNSON COM 478160104 406 6,228 SH OTHER 2,128 4,100 JPMORGAN & CHASE COM 46625h100 1,728 38,616 SH SOLE 34,280 4,336 JPMORGAN & CHASE COM 46625h100 113 2,530 SH OTHER 2,530 KIMBERLY CLARK CORP COM 494368103 252 4,005 SH SOLE 1,980 2,025 LINEAR TECHNOLOGY COM 535678106 417 14,770 SH SOLE 13,670 1,100 MCCORMICK & CO INC COM 579780206 614 16,000 SH SOLE 16,000 MCDONALDS CORP COM 580135101 2,123 31,820 SH SOLE 13,930 17,890 MCDONALDS CORP COM 580135101 420 6,290 SH OTHER 1,090 5,200 MDU RESOURCES GROUP COM 552690109 281 13,039 SH SOLE 1,650 11,389 MEDTRONIC INC COM 585055106 747 16,580 SH SOLE 4,130 12,450 MEDTRONIC INC COM 585055106 77 1,700 SH OTHER 1,300 400 MERCK & CO INC COM 58933Y105 862 23,078 SH SOLE 10,582 12,496 MERCK & CO INC COM 589331107 336 9,000 SH OTHER 1,800 7,200 MICROSOFT CORP COM 594918104 2,922 99,772 SH SOLE 47,320 52,452 MICROSOFT CORP COM 594918104 388 13,250 SH OTHER 2,250 11,000 MONSANTO CO NEW COM 61166W101 690 9,658 SH SOLE 6,650 3,008 NATIONAL PRESTO INDUSTRIES COM 637215104 655 5,510 SH SOLE 4,040 1,470 NIKE INC CLASS B COM 654106103 2,846 38,715 SH SOLE 16,620 22,095 NIKE INC CLASS B COM 654106103 97 1,320 SH OTHER 580 740 NOBLE CORP COM g65422100 767 18,345 SH SOLE 10,125 8,220 NOBLE CORP COM g65422100 66 1,570 SH OTHER 1,070 500 NOBLE ENERGY INC COM 655044105 204 2,800 SH SOLE 2,800 NOKIA CORP-SPONS ADR COM 654902204 959 61,683 SH SOLE 59,513 2,170 NORFOLK SOUTHERN CORP COM 655844108 329 5,879 SH SOLE 4,459 1,420 NORTHEAST UTILITIES COM 664397106 319 11,545 SH SOLE 11,320 225 NORTHROP GRUMMAN COM 666807102 211 3,214 SH SOLE 3,214 NOVARTIS AG SPONS ADR COM 66987v109 770 14,227 SH SOLE 9,412 4,815 NOVO NORDISK COM 670100205 216 2,800 SH SOLE 2,800 NSTAR COM 67019E107 425 11,990 SH SOLE 8,450 3,540 NSTAR COM 67019E107 25 700 SH OTHER 700 NUCOR COM 670346105 526 11,600 SH SOLE 11,600 ORACLE COM 68389X105 437 16,980 SH SOLE 7,880 9,100 ORACLE COM 68389X105 31 1,200 SH OTHER 1,200 PACCAR COM 693718108 207 4,780 SH SOLE 4,780 PAYCHEX INC COM 704326107 1,030 33,540 SH SOLE 22,360 11,180 PEPSICO INC COM 713448108 3,921 59,272 SH SOLE 37,130 22,142 PEPSICO INC COM 713448108 73 1,100 SH OTHER 500 600 PFIZER INC COM COM 717081103 1,429 83,318 SH SOLE 81,348 1,970 PFIZER INC COM COM 717081103 376 21,940 SH OTHER 21,940 PPL CORPORATION COM 69351T106 413 14,920 SH SOLE 9,350 5,570 PRECISION CASTPARTS CORP. COM 740189105 570 4,500 SH SOLE 4,500 PROCTER & GAMBLE CO COM 742718109 9,323 147,358 SH SOLE 105,792 41,566 PROCTER & GAMBLE CO COM 742718109 409 6,460 SH OTHER 980 5,480 QUALCOMM INC COM 747525103 601 14,333 SH SOLE 5,598 8,735 QUALCOMM INC COM 747525103 166 3,950 SH OTHER 1,150 2,800 ROYAL DUTCH SHELL ADR COM 780259206 1,559 26,940 SH SOLE 15,815 11,125 ROYAL DUTCH SHELL ADR COM 780259206 93 1,600 SH OTHER 1,600 SARA LEE CORP COM 803111103 323 23,200 SH SOLE 23,200 SCHLUMBERGER LTD COM 806857108 1,214 19,138 SH SOLE 11,108 8,030 SCHLUMBERGER LTD COM 806857108 92 1,450 SH OTHER 600 850 SHERWIN WILLIAMS CO COM 824348106 2,634 38,925 SH SOLE 15,960 22,965 SIGMA-ALDRICH CORP COM 826552101 1,985 36,990 SH SOLE 20,410 16,580 SOUTHERN CO COM 842587107 458 13,808 SH SOLE 8,930 4,878 SOUTHWESTERN ENERGY COM 845467109 183 4,500 SH SOLE 4,500 SOUTHWESTERN ENERGY COM 845467109 1,047 25,700 SH OTHER 25,700 STANDARD & POORS DEP REC COM 78462F103 275 2,350 SH SOLE 1,470 880 STAPLES COM 855030102 318 13,588 SH SOLE 11,938 1,650 STATE STREET CORP COM 857477103 250 5,540 SH SOLE 4,300 1,240 STREETTRACKS GOLD TRUST COM 863307104 468 4,297 SH SOLE 1,092 3,205 STREETTRACKS GOLD TRUST COM 863307104 120 1,100 SH OTHER 600 500 STRYKER CORP COM 863667101 688 12,030 SH SOLE 3,990 8,040 STRYKER CORP COM 863667101 29 500 SH OTHER 500 SYSCO CORP COM 871829107 397 13,471 SH SOLE 13,010 461 TELEFONICA S A ADR COM 879382208 308 4,333 SH SOLE 4,333 TEVA PHARMACEUTICAL ADR COM 881624209 2,437 38,635 SH SOLE 22,315 16,320 TEVA PHARMACEUTICAL ADR COM 881624209 107 1,700 SH OTHER 1,000 700 TEXAS INSTRUMENTS INC COM 882508104 280 11,455 SH SOLE 5,910 5,545 UNION PACIFIC CORP COM 907818108 616 8,400 SH SOLE 5,400 3,000 UNITED PARCEL SVC INC CL B COM 911312106 327 5,070 SH SOLE 1,600 3,470 UNITED TECHNOLOGIES CORP COM 913017109 5,075 68,946 SH SOLE 40,572 28,374 UNITED TECHNOLOGIES CORP COM 913017109 272 3,700 SH OTHER 500 3,200 US BANCORP COM 902973304 1,825 70,525 SH SOLE 55,012 15,513 VANGUARD ALL-WORLD EX COM 922042775 301 6,770 SH SOLE 3,600 3,170 VERIZON COMMUNICATIONS COM 92343v104 895 28,861 SH SOLE 28,861 VODAFONE GROUP PLC COM 92857w209 236 10,117 SH SOLE 5,021 5,096 VODAFONE GROUP PLC COM 92857w209 31 1,312 SH OTHER 1,312 WALGREEN CO COM 931422109 507 13,673 SH SOLE 4,143 9,530 WALMART STORES COM 931142103 236 4,245 SH SOLE 4,245 WALT DISNEY COMPANY COM 254687106 1,170 33,513 SH SOLE 31,273 2,240 WALT DISNEY COMPANY COM 254687106 42 1,200 SH OTHER 1,200 WELLS FARGO & CO COM 949746101 800 25,722 SH SOLE 13,792 11,930 ZIMMER HOLDINGS INC COM 98956P102 252 4,250 SH SOLE 170 4,080