BAR HARBOR – Bar Harbor Bankshares, parent company of Bar Harbor Banking and Trust Co. and BTI Financial Group, has an-nounced earnings of $1,090,000 or $.33 per share of capital stock, for the quarter ended March 31, compared with $1,286,000, or $.38 per share, for the same quarter of last year.

The decrease in net income results primarily from a decrease in net investment income caused by higher funding rates to support these investments. Core bank earnings, which excludes net investment income and earnings from BTI’s activities, increased 11 percent in the first quarter of 2001.

Bar Harbor Banking and Trust Company, provides full service banking at 10 locations.