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Bar Harbor Bankshares Earns Sandler O’Neill’s Sm-All Star Award for Financial Performance



  Bar Harbor Bankshares Earns Sandler O’Neill’s Sm-All Star Award for
  Financial Performance

Business Wire

BAR HARBOR, Maine -- September 30, 2013

Bar Harbor Bankshares (the “Company”) (NYSE MKT: BHB) the parent company of
Bar Harbor Bank & Trust, today announced it has been named one of the top
performing small-capitalization banks in the nation by investment banking firm
Sandler O'Neill & Partners. Sandler O'Neill is a New York-based investment
banking and advisory firm that specializes in financial institutions.

In its "Class of 2013 Bank and Thrift Sm-All Stars" report, Sandler O'Neill
recognized the 31 best performing small-capitalization institutions among a
field of 450 publicly traded banks and thrifts in the United States with
market capitalization less than $2.5 billion. This was the third time BHB has
been recognized with this award since 2008.

"Inclusion among the top banks in the country validates our strategy of
achieving long-term sustainable profitability, growth and shareholder value,
without sacrificing our Company’s soundness. We were one of only five banks in
New England recognized this year, and the only bank headquartered in Maine,"
stated Curtis C. Simard, Chief Executive Officer. "The commitment to sound
banking practices by our experienced and talented team drove the financial
variables that led to this important recognition."

Inclusion as a Sm-All Star was based on the Company's absolute performance in
each of eight financial variables. To assess fundamental momentum in the
evaluation, growth trends in Earnings per Share, Loans and Deposits were
evaluated. As a measure of profitability, Return on Average Equity was
included. In terms of asset quality, the Nonperforming Assets to Loans plus
OREO Ratio and the Net Charge-off Ratio were analyzed. Finally, the Loan Loss
Allowance to Nonperforming Assets Ratio, and the Tier 1 Risk-based Capital
Ratio were evaluated as an indication of capital and balance sheet strength.

The performance metrics of the selected 31 publicly traded financial
institutions were considered exceptional, with the “Class of 2013” delivering
bottom line results that were markedly better than the industry as a whole.

About Bar Harbor Bankshares

Bar Harbor Bankshares is the parent company of its wholly owned subsidiary,
Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust provides
full service community banking with fifteen branch office locations serving
downeast, midcoast and central Maine.

Contact:

Bar Harbor Bankshares
Curtis C. Simard, 207-288-3314
President and Chief Executive Officer
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