Camden National Corporation, a $2.6 billion bank holding company headquartered in Camden, reported net income for the first quarter of 2014 of $5.7 million and diluted earnings per share of $0.75, representing a 1 percent increase in both earnings and diluted EPS compared to the first quarter of 2013.

The Company’s return on average shareholders’ equity and return on average assets for the first quarter of 2014 was 9.97 percent and 0.89 percent, respectively.

“We’ve seen a strong start to 2014 with annualized loan growth for the first quarter of 10 percent and an increase in earnings and diluted EPS compared to the same period last year. These results are reflective of our commitment to enhance shareholder value through growth in our loan portfolio to drive revenues, while strategically repositioning our organization for the future,” said Gregory A. Dufour, president and chief executive officer of Camden National Corporation, in a news release.

Dufour added, “We’re optimistic and excited about the year ahead with a healthy loan pipeline and execution of our strategy to enhance our geographic reach through the recent opening of a commercial loan production office in Manchester, New Hampshire. A seasoned commercial lender with experience and knowledge of the New Hampshire market will lead this office and help build our franchise in New Hampshire, while strengthening our presence in Southern Maine.”