Long-Term Debt

12 Months Ended

Dec. 31, 2011

Long-Term Debt [Abstract]

Long-Term Debt

Note 9: Long-term Debt

A summary of long-term debt by contractual maturity is as follows:

December 31, 2011
	Total Principal			Range of Interest Rates
Maturity
		Rate
2013	43,480	3.66	%	2.77	%	to	4.39	%
2014	53,990	3.24	%	2.73	%	to	4.80	%
2015	21,000	2.44	%	1.68	%	to	4.70	%
2016	4,000	2.18	%	1.85	%	to	2.29	%
2017 and thereafter	17,000	3.96	%	2.25	%	to	4.50	%
Total long-term debt	139,470

December 31, 2010
	Total Principal				Range of Interest Rates
Maturity			Rate
2012	$	39,664	4.01	%	2.99	%	to	5.07	%
2013		43,480	3.66	%	2.77	%	to	4.39	%
2014		53,990	3.24	%	2.73	%	to	4.80	%
2015		21,000	2.44	%	1.68	%	to	4.70	%
2016 and thereafter		17,000	3.96	%	2.25	%	to	4.50	%
Total long-term debt	$	175,134

All of the long-term debt represents advances from the FHLB. All FHLB advances are fixed-rate instruments. Pursuant to an agreement with the FHLB, advances are collateralized by stock in the FHLB, investment securities and a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one to four family properties, and other qualifying assets. Advances are payable at their call dates or final maturity.

The maturity distribution of the long-term debt with callable features was as follows:

December 31, 2011
	Total Principal				Range of Interest Rates
			Rate
2013	$	7,500	3.79	%	3.15	%	to	4.25	%
2014		12,000	4.11	%	3.35	%	to	4.80	%
2015		2,000	4.35	%	3.99	%	to	4.70	%
2016	-	--	0.00	%	0.00	%	to	0.00	%
2017 and thereafter		17,000	3.96	%	2.25	%	to	4.50	%
Total	$	38,500

		December 31, 2010
	Total Principal		Weighted Average Interest Rate
2012	$	21,000	4.60	%
2013		7,500	3.79	%
2014		12,000	4.11	%
2015		2,000	4.35	%
2016 and thereafter		17,000	3.96	%
Total	$	59,500

At December 31, 2011, and 2010, the Company had $34,500 and $48,000 of long-term debt that was currently callable, respectively. The remaining callable debt has call dates ranging from May 2012 to July 2012.

Junior Subordinated Debentures: In April 2008, the Company's wholly-owned subsidiary, Bar Harbor Bank & Trust (the "Bank"), issued $5,000 aggregate principal amount of subordinated debentures. These debt securities qualify as Tier 2 capital for the Company and the Bank. The subordinated debt securities are due in 2023, but are callable by the Bank after five years without penalty. The rate of interest on these debt securities is three month LIBOR plus 345 basis points. The subordinated debt securities are classified as borrowings on the Company's consolidated balance sheet. The Company incurred $197 in costs to issue the securities and these costs are being amortized over 15 years using the interest method.