13F-HR 1 fp0004847_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, 2012 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 7, 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: 221 ----------- Form 13F Information Table Value Total: $ 199,050 ----------- (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 4,424 49,591 SH SOLE 37,069 12,522 3M CO COM COM 88579Y101 62 700 SH OTHER 520 180 ABBOTT LABS COM COM 002824100 4,494 73,317 SH SOLE 55,565 17,752 ABBOTT LABS COM COM 002824100 251 4,100 SH OTHER 700 3,400 ABERDEEN AISA PACIFIC INC COM 003009107 2,032 278,740 SH SOLE 182,810 95,930 ABERDEEN AISA PACIFIC INC COM 003009107 264 36,200 SH OTHER 7,100 29,100 ACCENTURE PLC CL A SHS CLASS A G1151C101 663 10,275 SH SOLE 6,410 3,865 ADOBE SYSTEMS INC COM 00724F101 432 12,600 SH SOLE 12,600 AFLAC INC COM 001055102 601 13,072 SH SOLE 8,452 4,620 AIR PRODUCTS & CHEMS INC COM 009158106 1,909 20,794 SH SOLE 17,994 2,800 AIR PRODUCTS & CHEMS INC COM 009158106 41 450 SH SOLE 450 AMERICAN ELECTRIC POWER COM 025537101 537 13,911 SH SOLE 4,491 9,420 AMERICAN EXPRESS COM 025816109 527 9,112 SH SOLE 8,062 1,050 AMPHENOL CL A 032095101 286 4,780 SH SOLE 3,250 1,530 AMPHENOL CL A 032095101 13 220 SH OTHER 220 ANADARKO PETROLEUM COM 032511107 382 4,870 SH SOLE 2,390 2,480 ANADARKO PETROLEUM COM 032511107 48 614 SH OTHER 614 APACHE CORP COM 037411105 1,465 14,581 SH SOLE 5,416 9,165 APACHE CORP COM 037411105 95 950 SH OTHER 0 950 APPLE COMPUTER INC COM 037833100 1,802 3,006 SH SOLE 2,211 795 APPLIED MATERIALS COM 038222105 209 16,800 SH SOLE 16,800 AQUA AMERICA INC COM 03836W103 332 14,916 SH SOLE 14,916 AT&T CORP COM NEW COM 00206R102 3,994 127,874 SH SOLE 105,798 22,076 AT&T CORP COM NEW COM 00206R102 31 1,000 SH OTHER 1,000 AUTO DATA PROCESSING COM 053015103 3,118 56,489 SH SOLE 38,309 18,180 AUTO DATA PROCESSING COM 053015103 246 4,450 SH OTHER 600 3,850 AVERY DENNISON CORP COM 053611109 202 6,720 SH SOLE 6,720 BARD C R INC COM 067383109 752 7,620 SH SOLE 6,960 660 BAXTER INTL INC COM 071813109 53 880 SH SOLE 880 BAXTER INTL INC COM 071813109 359 6,000 SH OTHER 6,000 BECTON DICKINSON COM 075887109 2,101 27,060 SH SOLE 21,070 5,990 BECTON DICKINSON COM 075887109 7 90 SH OTHER 90 BERKSHIRE HATHAWAY CL A CL A 084670108 244 200 SH SOLE 200 BERKSHIRE HATHAWAY CL B CL B NEW 084670702 372 4,578 SH SOLE 4,278 300 BHP BILLITON LTD SPONSORED ADR 088606108 795 10,980 SH SOLE 3,110 7,870 BHP BILLITON LTD SPONSORED ADR 088606108 29 400 SH OTHER 400 0 BLACKROCK INC COM 09247X101 391 1,910 SH SOLE 1,240 670 BLACKROCK INC COM 09247X101 12 60 SH OTHER 60 BOEING CO COM 097023105 445 5,980 SH SOLE 2,780 3,200 BOEING CO COM 097023105 398 5,350 SH OTHER 1,350 4,000 BP PLC SPONS ADR SPONSORED ADR 055622104 572 12,709 SH SOLE 12,309 400 BP PLC SPONS ADR SPONSORED ADR 055622104 59 1,306 SH OTHER 1,206 100 BRISTOL-MYERS SQUIBB COM 110122108 519 15,372 SH SOLE 14,780 592 BROWN FORMAN CORP-CL B CL B 115637209 723 8,669 SH SOLE 5,015 3,654 CAMDEN NATIONAL CORP COM 133034108 238 6,770 SH SOLE 6,770 CATERPILLAR INC COM 149123101 2,405 22,580 SH SOLE 17,990 4,590 CATERPILLAR INC COM 149123101 447 4,200 SH OTHER 4,200 CENTRAL FD CDA LTD COM 153501101 275 12,550 SH SOLE 5,900 6,650 CHEVRON CORP COM 166764100 6,337 59,106 SH SOLE 47,948 11,158 CHEVRON CORP COM 166764100 735 6,860 SH OTHER 560 6,300 CHUBB COM 171232101 1,956 28,303 SH SOLE 20,343 7,960 CHUBB COM 171232101 6 80 SH OTHER 80 CHURCH & DWIGHT CO INC COM 171340102 1,021 20,761 SH SOLE 9,650 11,111 CISCO SYSTEMS INC COM 17275R102 458 21,645 SH SOLE 21,545 100 CISCO SYSTEMS INC COM 17275R102 7 328 SH OTHER 328 CLIFFS NATURAL RESOURCES COM 18683K101 863 12,465 SH SOLE 9,305 3,160 CLIFFS NATURAL RESOURCES COM 18683K101 18 260 SH OTHER 260 CLOROX CO COM 189054109 693 10,085 SH SOLE 10,010 75 COCA COLA CO COM 191216100 1,025 13,855 SH SOLE 9,090 4,765 COCA COLA CO COM 191216100 15 200 SH OTHER 200 COLGATE PALMOLIVE CO COM 194162103 354 3,625 SH SOLE 3,315 310 CONOCOPHILLIPS COM 20825C104 2,909 38,266 SH SOLE 33,466 4,800 CSX CORPORATION COM 126408103 2,329 108,235 SH SOLE 73,855 34,380 CSX CORPORATION COM 126408103 189 8,760 SH OTHER 2,310 6,450 CUMMINS INC COM 231021106 218 1,812 SH SOLE 1,212 600 CVS CAREMARK CORP COM 126650100 1,955 43,632 SH SOLE 27,804 15,828 CVS CAREMARK CORP COM 126650100 100 2,240 SH OTHER 2,240 DANAHER CORP COM 235851102 784 14,006 SH SOLE 13,256 750 DANAHER CORP COM 235851102 6 110 SH OTHER 110 DEERE & CO COM 244199105 1,287 15,910 SH SOLE 14,000 1,910 DEVON ENERGY CORP COM 25179M103 210 2,948 SH SOLE 1,928 1,020 DOMINION RES INC VA COM COM 25746U109 213 4,154 SH SOLE 4,154 DOW CHEM CO COM 260543103 281 8,100 SH SOLE 7,902 198 DU PONT E I DE NEMOURS COM 263534109 1,819 34,384 SH SOLE 34,284 100 DU PONT E I DE NEMOURS COM 263534109 349 6,600 SH OTHER 6,600 ECOLAB INC COM 278865100 1,467 23,775 SH SOLE 14,625 9,150 EDISON INTERNATIONAL COM 281020107 242 5,690 SH SOLE 3,950 1,740 EMERSON ELECTRIC CO COM 291011104 2,328 44,610 SH SOLE 32,460 12,150 EMERSON ELECTRIC CO COM 291011104 37 700 SH OTHER 700 EQT CORPORATION COM 26884L109 1,229 25,500 SH SOLE 25,500 EQUIFAX INC COM 294429105 505 11,400 SH SOLE 11,400 EXELON COM 30161N101 218 5,550 SH SOLE 4,850 700 EXXON MOBIL CORP COM 30231G102 11,767 135,669 SH SOLE 100,022 35,647 EXXON MOBIL CORP COM 30231G102 1,465 16,894 SH OTHER 5,094 11,800 FACTSET RESEARCH COM 303075105 534 5,395 SH SOLE 3,395 2,000 FACTSET RESEARCH COM 303075105 50 500 SH OTHER 500 FASTENAL COM 311900104 820 15,162 SH SOLE 13,482 1,680 FEDERAL REALTY INVT TRUST SH BEN INT NEW 313747206 203 2,100 SH SOLE 2,100 FIRST BANCORP INC COM 31866P102 426 28,736 SH SOLE 28,736 FREEPORT MCMORAN COM 35671D857 204 5,358 SH SOLE 5,098 260 GENERAL DYNAMICS CORP COM 369550108 606 8,255 SH SOLE 5,865 2,390 GENERAL ELECTRIC CO COM 369604103 1,802 89,774 SH SOLE 83,649 6,125 GENERAL ELECTRIC CO COM 369604103 397 19,800 SH OTHER 7,000 12,800 GENERAL MILLS COM 370334104 302 7,646 SH SOLE 7,366 280 GLAXOSMITHKLINE PLC ADR SPONSORED ADR 37733W105 275 6,125 SH SOLE 6,125 GOOGLE INC CL A 38259P508 224 350 SH SOLE 350 HASBRO INC COM 418056107 670 18,240 SH SOLE 5,290 12,950 HASBRO INC COM 418056107 37 1,000 SH OTHER 1,000 HEINZ H J CO COM 423074103 702 13,100 SH SOLE 13,100 HONEYWELL INTL INC COM 438516106 271 4,447 SH SOLE 2,112 2,335 ILLINOIS TOOL WORKS INC COM 452308109 888 15,550 SH SOLE 12,730 2,820 INTEL CORP COM COM 458140100 3,888 138,286 SH SOLE 109,751 28,535 INTEL CORP COM COM 458140100 11 400 SH OTHER 400 INTL BUSINESS MACHS COM 459200101 9,934 47,612 SH SOLE 35,951 11,661 INTL BUSINESS MACHS COM 459200101 693 3,320 SH OTHER 1,420 1,900 ISHARES BARCLAYS TIPS BOND FUND BARCLYS TIPS BD 464287176 313 2,659 SH SOLE 649 2,010 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 359 7,545 SH SOLE 3,220 4,325 ISHARES S&P LATIN AMERICA 40 INDEX FUND S&P LTN AM 40 464287390 33 700 SH OTHER 700 JOHNSON & JOHNSON COM 478160104 5,474 82,984 SH SOLE 57,743 25,241 JOHNSON & JOHNSON COM 478160104 435 6,588 SH OTHER 3,088 3,500 JOHNSON CONTROLS INC COM 478366107 438 13,488 SH SOLE 8,328 5,160 JOHNSON CONTROLS INC COM 478366107 10 300 SH OTHER 300 JPMORGAN CHASE & CO COM 46625h100 1,529 33,263 SH SOLE 31,643 1,620 JPMORGAN CHASE & CO COM 46625h100 24 526 SH OTHER 396 130 KIMBERLY CLARK CORP COM 494368103 485 6,570 SH SOLE 5,855 715 MASTERCARD INC CL A 57636Q104 593 1,409 SH SOLE 909 500 MCCORMICK & CO INC COM NON VTG 579780206 985 18,105 SH SOLE 18,105 MCDONALDS CORP COM 580135101 3,682 37,535 SH SOLE 23,045 14,490 MCDONALDS CORP COM 580135101 509 5,190 SH OTHER 1,690 3,500 MCKESSON CORP COM 58155Q103 267 3,047 SH SOLE 1,257 1,790 MDU RESOURCES GROUP COM 552690109 37 1,650 SH SOLE 1,650 MDU RESOURCES GROUP COM 552690109 255 11,389 SH OTHER 11,389 MEDTRONIC INC COM 585055106 227 5,795 SH SOLE 1,775 4,020 MEDTRONIC INC COM 585055106 21 530 SH OTHER 130 400 MERCK & CO INC COM 58933Y105 905 23,575 SH SOLE 16,476 7,099 MERCK & CO INC COM 58933Y105 311 8,100 SH OTHER 1,800 6,300 MICROSOFT CORP COM 594918104 2,307 71,512 SH SOLE 44,873 26,639 MICROSOFT CORP COM 594918104 414 12,850 SH OTHER 2,750 10,100 MONSANTO CO NEW COM 61166W101 691 8,658 SH SOLE 8,658 NATIONAL PRESTO INDUSTRIES COM 637215104 774 10,200 SH SOLE 8,030 2,170 NATIONAL PRESTO INDUSTRIES COM 637215104 53 700 SH OTHER 300 400 NEXTERA ENERGY INC COM 65339F101 3,232 52,915 SH SOLE 26,775 26,140 NEXTERA ENERGY INC COM 65339F101 287 4,700 SH OTHER 2,400 2,300 NIKE INC CLASS B CL B 654106103 3,622 33,400 SH SOLE 16,845 16,555 NIKE INC CLASS B CL B 654106103 156 1,440 SH OTHER 1,440 NOBLE CORP NAMEN -AKT H5833N103 283 7,550 SH SOLE 5,070 2,480 NOBLE ENERGY INC COM 655044105 274 2,800 SH SOLE 2,800 NOKIA CORP SPONSORED ADR 654902204 176 32,090 SH SOLE 32,090 NORFOLK SOUTHERN CORP COM 655844108 530 8,044 SH SOLE 5,684 2,360 NORTHEAST UTILITIES COM 664397106 779 20,995 SH SOLE 20,470 525 NORTHERN TRUST CORP COM 665859104 210 4,430 SH SOLE 4,330 100 NOVARTIS AG SPONS ADR SPONSORED ADR 66987V109 793 14,320 SH SOLE 10,945 3,375 NOVARTIS AG SPONS ADR SPONSORED ADR 66987V109 11 200 SH OTHER 200 NOVO NORDISK ADR 670100205 295 2,130 SH SOLE 2,080 50 NSTAR COM 67019E107 993 20,424 SH SOLE 10,080 10,344 OCCIDENTAL PETE CORP COM 674599105 401 4,215 SH SOLE 2,295 1,920 ORACLE COM 68389X105 1,382 47,380 SH SOLE 28,640 18,740 ORACLE COM 68389X105 92 3,150 SH OTHER 3,150 PACCAR INC COM 693718108 224 4,780 SH SOLE 4,780 PARKER HANNIFIN CORP COM 701094104 224 2,650 SH SOLE 2,650 PAYCHEX INC COM 704326107 289 9,330 SH SOLE 7,830 1,500 PAYCHEX INC COM 704326107 6 180 SH OTHER 180 PEPSICO INC COM 713448108 3,601 54,275 SH SOLE 39,833 14,442 PEPSICO INC COM 713448108 58 870 SH OTHER 870 PERRIGO CO COM 714290103 478 4,630 SH SOLE 2,130 2,500 PFIZER INC COM COM 717081103 2,566 113,320 SH SOLE 113,320 PFIZER INC COM COM 717081103 399 17,600 SH OTHER 17,600 PPG INDUSTRIES COM 693506107 287 2,996 SH SOLE 2,996 PPL CORPORATION COM 69351T106 235 8,330 SH SOLE 7,690 640 PRAXAIR COM 74005P104 1,646 14,360 SH SOLE 11,760 2,600 PRECISION CASTPARTS CORP. COM 740189105 692 4,000 SH SOLE 4,000 PROCTER & GAMBLE CO COM 742718109 9,219 137,173 SH SOLE 110,955 26,218 PROCTER & GAMBLE CO COM 742718109 308 4,580 SH OTHER 1,080 3,500 QUALCOMM INC COM 747525103 1,082 15,892 SH SOLE 6,282 9,610 QUALCOMM INC COM 747525103 282 4,150 SH OTHER 2,150 2,000 ROYAL BANK OF CANADA COM 780087102 232 4,000 SH SOLE 3,350 650 ROYAL DUTCH SHELL ADR SPON ADR A 780259206 1,892 26,985 SH SOLE 21,410 5,575 SANOFI AVENTIS SPONSORED ADR 80105N105 643 16,600 SH SOLE 9,790 6,810 SARA LEE CORP COM 803111103 482 22,400 SH SOLE 22,400 SCHLUMBERGER LTD COM 806857108 1,113 15,922 SH SOLE 10,802 5,120 SCHLUMBERGER LTD COM 806857108 70 1,000 SH OTHER 1,000 SHERWIN WILLIAMS CO COM 824348106 3,228 29,705 SH SOLE 26,020 3,685 SHERWIN WILLIAMS CO COM 824348106 10 90 SH OTHER 90 SIGMA-ALDRICH CORP COM 826552101 2,291 31,360 SH SOLE 21,040 10,320 SIGMA-ALDRICH CORP COM 826552101 12 160 SH OTHER 160 SMUCKER J M CO COM NEW 832696405 771 9,479 SH SOLE 5,559 3,920 SMUCKER J M CO COM NEW 832696405 28 340 SH OTHER 340 SOUTHERN CO COM 842587107 534 11,883 SH SOLE 8,395 3,488 SOUTHWESTERN ENERGY COM 845467109 77 2,500 SH SOLE 2,500 SOUTHWESTERN ENERGY COM 845467109 786 25,700 SH OTHER 25,700 SPDR DOW JONES IND AVE UT SER 1 78467X109 544 4,130 SH SOLE 3,300 830 SPDR DOW JONES IND AVE UT SER 1 78467X109 40 300 SH OTHER 300 SPDR GOLD TRUST GOLD SHS 78463V107 1,159 7,149 SH SOLE 1,741 5,408 SPDR S&P DIVIDEND ETF S&P DIVID ETF 78464A763 328 5,785 SH SOLE 5,585 200 SPDR S&P 500 ETF TR UNIT 78462F103 369 2,617 SH SOLE 1,757 860 SPDR S&P MIDCAP 400 ETF UTSER1 S&PDCRP 78467Y107 314 1,735 SH SOLE 705 1,030 STRYKER CORP COM 863667101 552 9,941 SH SOLE 4,690 5,251 STRYKER CORP COM 863667101 29 520 SH OTHER 520 SYSCO CORP COM 871829107 356 11,934 SH SOLE 11,473 461 TELEFONICA S A ADR SPONSORED ADR 879382208 170 10,350 SH SOLE 10,350 TEVA PHARMACEUTICAL ADR COM 881624209 650 14,430 SH SOLE 10,370 4,060 TEVA PHARMACEUTICAL ADR COM 881624209 59 1,300 SH OTHER 1,300 TEXAS INSTRUMENTS INC. COM 882508104 447 13,305 SH SOLE 7,520 5,785 TJX COMPANIES COM 872540109 866 21,810 SH SOLE 12,810 9,000 TORONTO DOMINION BANK COM NEW 891160509 1,865 21,959 SH SOLE 13,407 8,552 TORONTO DOMINION BANK COM NEW 891160509 161 1,900 SH OTHER 900 1,000 UNION PACIFIC CORP COM 907818108 1,425 13,260 SH SOLE 9,330 3,930 UNION PACIFIC CORP COM 907818108 21 200 SH OTHER 200 UNITED PARCEL SVC INC CL B CL B 911312106 324 4,010 SH SOLE 1,530 2,480 UNITED TECHNOLOGIES CORP COM 913017109 5,595 67,455 SH SOLE 47,275 20,180 UNITED TECHNOLOGIES CORP COM 913017109 285 3,440 SH OTHER 1,040 2,400 US BANCORP COM NEW 902973304 832 26,258 SH SOLE 26,258 US BANCORP COM NEW 902973304 6 200 SH OTHER 200 UTAH MEDICAL PRODUCTS COM 917488108 230 7,400 SH SOLE 7,400 VANGUARD MSCI EMERGING MARKETS ETF MSCI EMR MKT ETF 922042858 250 5,740 SH SOLE 4,480 1,260 VERIZON COMMUNICATIONS COM 92343V104 1,318 34,482 SH SOLE 33,282 1,200 VERIZON COMMUNICATIONS COM 92343V104 8 200 SH OTHER 200 VISA INC COM CL A 92826C839 705 5,975 SH SOLE 4,265 1,710 VISA INC COM CL A 92826C839 12 100 SH OTHER 100 VODAFONE GROUP PLC SPONS ADR NEW 92857W209 280 10,117 SH SOLE 5,021 5,096 VODAFONE GROUP PLC SPONS ADR NEW 92857W209 36 1,312 SH OTHER 1,312 WALGREEN CO COM 931422109 319 9,523 SH SOLE 9,523 WALT DISNEY COMPANY COM DISNEY 254687106 1,538 35,133 SH SOLE 30,403 4,730 WALT DISNEY COMPANY COM DISNEY 254687106 53 1,200 SH OTHER 1,200 WELLS FARGO & CO COM 949746101 372 10,898 SH SOLE 5,668 5,230 WINDSTREAM CORPORATION COM 97381W104 283 24,200 SH SOLE 24,200 WISCONSIN ENERGY CP COM 976657106 512 14,550 SH SOLE 12,230 2,320 WISCONSIN ENERGY CP COM 976657106 16 460 SH OTHER 460 ZIMMER HOLDINGS INC COM 98956P102 266 4,131 SH SOLE 3,331 800 ZIX CORPORATION COM 98974P100 45 15,400 SH OTHER 15,400