0001398344-11-001160.txt : 20110516 0001398344-11-001160.hdr.sgml : 20110516 20110516152834 ACCESSION NUMBER: 0001398344-11-001160 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 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: 11846289 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 fp0002944_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, 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 May 13, 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: 209 ----------- Form 13F Information Table Value Total: $ 187,846 ----------- (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 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------- 3M CO COM COM 88579y101 4,570 48,881 SH SOLE 34,294 14,587 3M CO COM COM 88579y101 17 180 SH OTHER 180 ABBOTT LABS COM COM 002824100 3,158 64,382 SH SOLE 47,700 16,682 ABBOTT LABS COM COM 002824100 250 5,100 SH OTHER 700 4,400 ABERDEEN AISA PACIFIC INC COM 003009107 1,138 164,235 SH SOLE 68,845 95,390 ABERDEEN AISA PACIFIC INC COM 003009107 256 37,000 SH OTHER 3,400 33,600 ACCENTURE PLC CL A SHS CLASS A G1151C101 256 4,650 SH SOLE 3,610 1,040 ADOBE SYSTEMS INC COM 00724f101 418 12,600 SH SOLE 12,600 AFLAC INC COM 001055102 1,867 35,370 SH SOLE 19,020 16,350 AFLAC INC COM 001055102 32 600 SH OTHER 600 AIR PRODUCTS & CHEMS INC COM 009158106 1,808 20,046 SH SOLE 17,346 2,700 AIR PRODUCTS & CHEMS INC COM 009158106 54 600 SH OTHER 600 AMERICAN ELECTRIC POWER COM 025537101 434 12,361 SH SOLE 4,491 7,870 AMERICAN ELECTRIC POWER COM 025537101 81 2,300 SH OTHER 2,300 AMERICAN EXPRESS COM 025816109 403 8,910 SH SOLE 7,860 1,050 ANADARKO PETROLEUM COM 032511107 414 5,050 SH SOLE 2,390 2,660 ANADARKO PETROLEUM COM 032511107 50 614 SH OTHER 614 APACHE CORP COM 037411105 1,878 14,341 SH SOLE 5,996 8,345 APACHE CORP COM 037411105 229 1,750 SH OTHER 450 1,300 APPLE COMPUTER INC COM 037833100 601 1,725 SH SOLE 1,135 590 APPLIED MATERIALS COM 038222105 284 18,200 SH SOLE 18,200 AQUA AMERICA INC COM 03836w103 341 14,916 SH SOLE 14,916 AT&T CORP COM NEW COM 00206R102 3,328 108,731 SH SOLE 86,181 22,550 AUTO DATA PROCESSING COM 053015103 2,413 47,021 SH SOLE 33,216 13,805 AUTO DATA PROCESSING COM 053015103 295 5,750 SH OTHER 5,750 AVERY DENNISON CORP COM 053611109 290 6,920 SH SOLE 6,920 BANK OF AMERICA COM 060505104 257 19,292 SH SOLE 19,292 BARD C R INC COM 067383109 850 8,550 SH SOLE 7,530 1,020 BAXTER INTL INC COM 071813109 47 880 SH SOLE 700 180 BAXTER INTL INC COM 071813109 323 6,000 SH OTHER 6,000 BECTON DICKINSON COM 075887109 2,414 30,320 SH SOLE 21,690 8,630 BECTON DICKINSON COM 075887109 32 400 SH OTHER 400 BERKSHIRE HATHAWAY CL A CL A 084670108 251 200 SH SOLE 200 BERKSHIRE HATHAWAY CL B CL B NEW 084670702 408 4,878 SH SOLE 4,528 350 BHP BILLITON LTD SPONSORED ADR 088606108 907 9,455 SH SOLE 2,045 7,410 BHP BILLITON LTD COM 088606108 24 250 SH OTHER 250 BOEING CO COM 097023105 231 3,130 SH SOLE 1,380 1,750 BOEING CO COM 097023105 447 6,050 SH OTHER 700 5,350 BP PLC SPONS ADR SPONSORED ADR 055622104 498 11,274 SH SOLE 11,274 BP PLC SPONS ADR COM 055622104 58 1,306 SH OTHER 1,206 100 BRISTOL-MYERS SQUIBB COM 110122108 404 15,302 SH SOLE 14,180 1,122 BROWN FORMAN CORP-CL B CL B 115637209 601 8,806 SH SOLE 4,902 3,904 CATERPILLAR INC COM 149123101 2,339 21,010 SH SOLE 17,180 3,830 CATERPILLAR INC COM 149123101 523 4,700 SH OTHER 4,700 CENTRAL FD CDA LTD COM 153501101 221 9,890 SH SOLE 4,040 5,850 CHEVRON CORP COM 166764100 5,828 54,220 SH SOLE 44,488 9,732 CHEVRON CORP COM 166764100 793 7,376 SH OTHER 460 6,916 CHUBB COM 171232101 1,338 21,830 SH SOLE 14,940 6,890 CHURCH & DWIGHT CO INC COM 171340102 262 3,300 SH SOLE 1,750 1,550 CISCO SYSTEMS INC COM 17275r102 370 21,600 SH SOLE 21,500 100 CISCO SYSTEMS INC COM 17275r102 6 328 SH OTHER 328 CLIFFS NATURAL RESOURCES COM 18683K101 873 8,880 SH SOLE 7,260 1,620 CLIFFS NATURAL RESOURCES COM 18683K101 13 130 SH OTHER 130 CLOROX CO COM 189054109 785 11,205 SH SOLE 11,130 75 COCA COLA CO COM 191216100 831 12,525 SH SOLE 7,510 5,015 COLGATE PALMOLIVE CO COM 194162103 220 2,725 SH SOLE 2,475 250 CONOCOPHILLIPS COM 20825c104 3,049 38,176 SH SOLE 32,906 5,270 CSX CORPORATION COM 126408103 2,406 30,610 SH SOLE 21,070 9,540 CSX CORPORATION COM 126408103 347 4,420 SH OTHER 770 3,650 CVS CAREMARK CORP COM 126650100 1,438 41,898 SH SOLE 25,680 16,218 CVS CAREMARK CORP COM 126650100 125 3,640 SH OTHER 1,400 2,240 DANAHER CORP COM 235851102 698 13,450 SH SOLE 12,490 960 DEERE & CO COM 244199105 1,703 17,580 SH SOLE 15,760 1,820 DEVON ENERGY COM 25179M103 297 3,238 SH SOLE 2,218 1,020 DOVER CORP COM 260003108 207 3,150 SH SOLE 3,150 DOW CHEMICAL COMPANY COM 260543103 306 8,100 SH SOLE 7,902 198 DU PONT E I DE NEMOURS COM 263534109 1,870 34,016 SH SOLE 33,816 200 DU PONT E I DE NEMOURS COM 263534109 363 6,600 SH OTHER 6,600 ECOLAB INC COM 278865100 1,101 21,575 SH SOLE 13,335 8,240 EL PASO CORPORATION COM 28336L109 292 16,200 SH SOLE 16,200 EMERSON ELECTRIC CO COM 291011104 2,375 40,650 SH SOLE 27,310 13,340 EMERSON ELECTRIC CO COM 291011104 64 1,100 SH OTHER 1,100 EQT CORPORATION COM 26884L109 1,297 26,000 SH SOLE 26,000 EQUIFAX INC COM 294429105 443 11,400 SH SOLE 11,400 EXELON COM 30161n101 221 5,350 SH SOLE 4,450 900 EXXON MOBIL CORP COM 30231G102 11,604 137,935 SH SOLE 100,363 37,572 EXXON MOBIL CORP COM 30231G102 1,682 19,994 SH OTHER 4,294 15,700 FACTSET RESEARCH COM 303075105 538 5,140 SH SOLE 3,180 1,960 FACTSET RESEARCH COM 303075105 99 950 SH OTHER 950 FASTENAL COM 311900104 566 8,726 SH SOLE 7,286 1,440 FORTUNE BRANDS INC COM 349631101 216 3,490 SH SOLE 3,490 FREEPORT MCMORAN COPPER COM 35671D857 246 4,430 SH SOLE 4,170 260 GENERAL DYNAMICS CORP COM 369550108 1,001 13,080 SH SOLE 8,370 4,710 GENERAL DYNAMICS CORP COM 369550108 46 600 SH OTHER 600 GENERAL ELECTRIC CO COM 369604103 2,057 102,579 SH SOLE 96,454 6,125 GENERAL ELECTRIC CO COM 369604103 397 19,800 SH OTHER 7,000 12,800 GLAXOSMITHKLINE PLC ADR SPONSORED ADR 37733w105 243 6,325 SH SOLE 6,325 GREEN MOUNTAIN COFFEE ROASTERS COM 393122106 233 3,600 SH SOLE 3,600 HASBRO INC COM 418056107 1,247 26,630 SH SOLE 5,490 21,140 HASBRO INC COM 418056107 47 1,000 SH OTHER 1,000 HEINZ H J CO COM 423074103 600 12,300 SH SOLE 12,300 HELMERICH & PAYNE INC COM 423452101 206 3,000 SH SOLE 3,000 HEWLETT-PACKARD CO COM 428236103 608 14,830 SH SOLE 10,670 4,160 HONEYWELL INTL INC COM 438516106 234 3,915 SH SOLE 1,540 2,375 ILLINOIS TOOL WORKS INC COM 452308109 572 10,652 SH SOLE 8,792 1,860 INTEL CORP COM COM 458140100 2,979 147,615 SH SOLE 117,420 30,195 INTEL CORP COM COM 458140100 45 2,250 SH OTHER 2,250 INTL BUSINESS MACHS COM 459200101 7,647 46,893 SH SOLE 34,487 12,406 INTL BUSINESS MACHS COM 459200101 631 3,870 SH OTHER 990 2,880 ISHARES LEHMAN TIPS BOND FUND BARCLYS TIPS BD 464287176 210 1,927 SH SOLE 1,319 608 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 566 10,525 SH SOLE 1,900 8,625 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 22 400 SH OTHER 400 JOHNSON & JOHNSON COM 478160104 4,880 82,370 SH SOLE 57,399 24,971 JOHNSON & JOHNSON COM 478160104 360 6,068 SH OTHER 2,128 3,940 JOHNSON CONTROLS INC COM 478366107 651 15,658 SH SOLE 9,688 5,970 JOHNSON CONTROLS INC COM 478366107 12 300 SH OTHER 300 JOY GLOBAL INC COM 481165108 379 3,840 SH SOLE 500 3,340 JOY GLOBAL INC COM 481165108 36 360 SH OTHER 130 230 JPMORGAN CHASE & CO COM 46625h100 1,728 37,476 SH SOLE 33,766 3,710 JPMORGAN CHASE & CO COM 46625h100 30 650 SH OTHER 520 130 KIMBERLY CLARK CORP COM 494368103 411 6,300 SH SOLE 5,175 1,125 LINEAR TECHNOLOGY COM 535678106 243 7,240 SH SOLE 6,140 1,100 MCCORMICK & CO INC COM NON VTG 579780206 799 16,700 SH SOLE 16,700 MCDONALDS CORP COM 580135101 2,647 34,790 SH SOLE 19,470 15,320 MCDONALDS CORP COM 580135101 479 6,290 SH OTHER 1,090 5,200 MDU RESOURCES GROUP COM 552690109 38 1,650 SH SOLE 1,650 MDU RESOURCES GROUP COM 552690109 262 11,389 SH OTHER 11,389 MEDTRONIC INC COM 585055106 288 7,310 SH SOLE 2,420 4,890 MEDTRONIC INC COM 585055106 16 400 SH OTHER 400 MERCK & CO INC COM 58933Y105 819 24,825 SH SOLE 17,626 7,199 MERCK & CO INC COM 58933Y105 267 8,100 SH OTHER 1,800 6,300 MICROSOFT CORP COM 594918104 2,262 89,109 SH SOLE 52,830 36,279 MICROSOFT CORP COM 594918104 336 13,250 SH OTHER 2,250 11,000 MONSANTO CO NEW COM 61166W101 658 9,108 SH SOLE 9,108 NATIONAL PRESTO INDUSTRIES COM 637215104 1,180 10,470 SH SOLE 7,700 2,770 NATIONAL PRESTO INDUSTRIES COM 637215104 101 900 SH OTHER 900 NEXTERA ENERGY INC COM 65339F101 2,746 49,821 SH SOLE 25,855 23,966 NEXTERA ENERGY INC COM 65339F101 369 6,700 SH OTHER 2,400 4,300 NIKE INC CLASS B CL B 654106103 2,751 36,335 SH SOLE 16,780 19,555 NIKE INC CLASS B COM 654106103 134 1,770 SH OTHER 580 1,190 NOBLE CORP NAMEN -AKT H5833N103 759 16,645 SH SOLE 11,025 5,620 NOBLE CORP COM H5833N103 23 500 SH OTHER 500 NOBLE ENERGY COM 655044105 271 2,800 SH SOLE 2,800 NOKIA CORP-SPONS ADR SPONSORED ADR 654902204 274 32,200 SH SOLE 32,200 NORFOLK SOUTHERN CORP COM 655844108 402 5,804 SH SOLE 3,604 2,200 NORTHEAST UTILITIES COM 664397106 731 21,125 SH SOLE 20,600 525 NORTHROP GRUMMAN CORP COM 666807102 202 3,214 SH SOLE 3,214 NOVARTIS AG SPONS ADR SPONSORED ADR 66987v109 742 13,647 SH SOLE 10,152 3,495 NOVO NORDISK ADR 670100205 369 2,950 SH SOLE 2,900 50 NSTAR COM 67019E107 1,029 22,244 SH SOLE 11,900 10,344 OCCIDENTAL PETE CORP COM 674599105 281 2,685 SH SOLE 770 1,915 ORACLE COM 68389X105 1,516 45,350 SH SOLE 26,940 18,410 ORACLE COM 68389X105 140 4,180 SH OTHER 1,580 2,600 PACCAR INC COM 693718108 250 4,780 SH SOLE 4,780 PARKER HANNIFIN CORP COM 701094104 251 2,650 SH SOLE 2,650 PAYCHEX INC COM 704326107 492 15,690 SH SOLE 13,920 1,770 PEPSICO INC COM 713448108 3,791 58,850 SH SOLE 41,408 17,442 PEPSICO INC COM 713448108 71 1,100 SH OTHER 500 600 PFIZER INC COM COM 717081103 2,437 119,998 SH SOLE 119,998 PFIZER INC COM COM 717081103 357 17,600 SH OTHER 17,600 PHYSICAL PALLADIUM SHARES ETF SH BEN INT 26923A106 220 2,900 SH SOLE 2,900 POWERSHS DB COMMDTY INDX UNIT BEN INT 73935S105 337 11,051 SH SOLE 7,121 3,930 PPG INDUSTRIES COM 693506107 285 2,996 SH SOLE 2,996 PRAXAIR COM 74005P104 1,199 11,805 SH SOLE 9,105 2,700 PRECISION CASTPARTS CORP. COM 740189105 662 4,500 SH SOLE 4,500 PROCTER & GAMBLE CO COM 742718109 8,345 135,463 SH SOLE 108,312 27,151 PROCTER & GAMBLE CO COM 742718109 367 5,960 SH OTHER 980 4,980 PROSHARES SHORT ETF SHRT 20+YR TRE 74347X849 412 9,300 SH SOLE 1,100 8,200 PROSHARES SHORT ETF SHRT 20+YR TRE 74347X849 20 450 SH OTHER 450 QUALCOMM INC COM 747525103 689 12,573 SH SOLE 5,198 7,375 QUALCOMM INC COM 747525103 217 3,950 SH OTHER 1,150 2,800 REALTY INCOME CORP COM 756109104 730 20,890 SH SOLE 13,180 7,710 ROYAL BANK OF CANADA COM 780087102 463 7,470 SH SOLE 5,370 2,100 ROYAL DUTCH SHELL ADR SPON ADR A 780259206 1,921 26,370 SH SOLE 20,795 5,575 SARA LEE CORP COM 803111103 396 22,400 SH SOLE 22,400 SCHLUMBERGER LTD COM 806857108 1,526 16,360 SH SOLE 10,030 6,330 SCHLUMBERGER LTD COM 806857108 135 1,450 SH OTHER 600 850 SHERWIN WILLIAMS CO COM 824348106 2,912 34,665 SH SOLE 30,930 3,735 SIGMA-ALDRICH CORP COM 826552101 2,214 34,790 SH SOLE 23,450 11,340 SMUCKER J M CO COM NEW 832696405 391 5,480 SH SOLE 1,910 3,570 SOUTHERN CO COM 842587107 482 12,658 SH SOLE 8,330 4,328 SOUTHWESTERN ENERGY COM 845467109 107 2,500 SH SOLE 2,500 SOUTHWESTERN ENERGY COM 845467109 1,104 25,700 SH OTHER 25,700 SPDR DOW JONES IND AVE UT SER 1 78467X109 300 2,440 SH SOLE 1,190 1,250 SPDR DOW JONES IND AVE COM 78467X109 25 200 SH OTHER 200 SPDR GOLD TRUST GOLD SHS 78463V107 983 7,030 SH SOLE 1,855 5,175 ST JUDE MEDICAL INC COM 790849103 205 4,000 SH SOLE 4,000 STANDARD & POORS DEP REC TR UNIT 78462F103 296 2,230 SH SOLE 1,170 1,060 STANDARD & POORS MIDCAP 400 UTSER1 S&PDCRP 78467Y107 281 1,565 SH SOLE 285 1,280 STAPLES COM 855030102 288 14,808 SH SOLE 12,828 1,980 STRYKER CORP COM 863667101 758 12,461 SH SOLE 5,110 7,351 STRYKER CORP COM 863667101 98 1,620 SH OTHER 500 1,120 SYSCO CORP COM 871829107 334 12,067 SH SOLE 11,606 461 TELEFONICA S A ADR COM 879382208 307 12,174 SH SOLE 12,174 TEVA PHARMACEUTICAL ADR COM 881624209 2,007 39,995 SH SOLE 22,105 17,890 TEVA PHARMACEUTICAL ADR COM 881624209 135 2,700 SH OTHER 1,000 1,700 TEXAS INSTRUMENTS INC. COM 882508104 469 13,575 SH SOLE 6,470 7,105 TJX COMPANIES COM 872540109 289 5,810 SH SOLE 3,100 2,710 TORONTO DOMINION BANK COM NEW 891160509 1,656 18,689 SH SOLE 9,647 9,042 TORONTO DOMINION BANK COM 891160509 237 2,680 SH OTHER 780 1,900 UNION PACIFIC CORP COM 907818108 1,301 13,230 SH SOLE 9,080 4,150 UNION PACIFIC CORP COM 907818108 20 200 SH OTHER 200 UNITED PARCEL SVC INC CL B CL B 911312106 288 3,870 SH SOLE 1,300 2,570 UNITED TECHNOLOGIES CORP COM 913017109 5,864 69,272 SH SOLE 47,442 21,830 UNITED TECHNOLOGIES CORP COM 913017109 301 3,550 SH OTHER 500 3,050 US BANCORP COM NEW 902973304 916 34,662 SH SOLE 31,832 2,830 UTAH MEDICAL PRODUCTS COM 917488108 214 7,400 SH SOLE 7,400 VALE SA ADR ADR 91912E105 340 10,200 SH SOLE 9,770 430 VANGUARD ALL-WORLD EX ALLWRLD EX US 922042775 336 6,820 SH SOLE 3,600 3,220 VANGUARD EMERGING MARKETS INDEX MSCI EMR MKT ETF 922042858 243 4,958 SH SOLE 4,248 710 VERIZON COMMUNICATIONS COM 92343v104 1,211 31,428 SH SOLE 30,828 600 VODAFONE GROUP PLC SPONS ADR NEW 92857w209 291 10,117 SH SOLE 5,021 5,096 VODAFONE GROUP PLC COM 92857w209 38 1,312 SH OTHER 1,312 WALGREEN CO COM 931422109 434 10,813 SH SOLE 9,813 1,000 WALT DISNEY COMPANY COM DISNEY 254687106 1,562 36,243 SH SOLE 31,513 4,730 WALT DISNEY COMPANY COM 254687106 52 1,200 SH OTHER 1,200 WELLS FARGO & CO COM 949746101 558 17,596 SH SOLE 8,516 9,080 WINDSTREAM CORPORATION COM 97381W104 402 31,200 SH SOLE 31,200 ZIMMER HOLDINGS INC COM 98956P102 237 3,920 SH SOLE 3,120 800