ROCKLAND — A judge on Monday divided up settlement funds awarded to two families who lost loved ones last fall when a fishing boat sank off Matinicus Island.

The families reached the settlement in May with the boat owner, Christopher Hutchinson, who survived the sinking, and his insurer, according to paperwork filed in court.

Justice Daniel Billings on Monday ruled that $170,500 will go to Michelle Miete of Washington, who is the personal representative of the estate of 27-year-old Thomas Hammond of Rockland, who died in the sinking of the fishing vessel No Limits on Nov. 1, 2014. The remaining $139,500 of the settlement fund will go to Lisa Chickering and Travis Sawyer, the parents and personal representative of 15-year-old Tyler Sawyer, who also died.

Hammond is survived by a 6-year-old son.

The U.S. Coast Guard, which is investigating the incident, has yet to release its final report.

In an interview with the Bangor Daily News a few days after the sinking, Hutchinson said he and his two crew members were on their way back from a day of hauling traps when the seas and winds quickly intensified, causing his 45-foot lobster boat to flip at about 11 a.m. several miles west of Matinicus.

“We got hit by one large wave, and that pushed us into another. The windows to the wheelhouse blew out, and we began taking on water quickly,” Hutchinson said in the Nov. 4 interview. “I’m not 100 percent sure what happened next, but the next thing I recall is being in the wheelhouse and the boat is upside down in the water.”

Hutchinson, 26, said he managed to get out of the wheelhouse, make it to the surface and climb on top of his vessel.

“I kept screaming for Tom and Tyler, but I didn’t hear or see them again,” Hutchinson said.

Hutchinson said he never expected to survive as he was being pounded by waves of 10 feet and greater.

The emergency position indicating radio beacon, or EPIRB, and life raft popped out from under the vessel more than two hours later, he said.

When he saw the raft come to the surface, Hutchinson said, he swam the 15 to 20 feet to the raft and climbed on board.

A Coast Guard helicopter from Cape Cod arrived about 4:30 that afternoon, lowered a bucket down to the raft and hauled up Hutchinson, who was taken to Maine Medical Center in Portland for observation. He was released from the hospital the next day.

After rescuing the captain, the Coast Guard and Maine Marine Patrol scoured about 130 square miles of ocean with a helicopter and two vessels over the next 17 hours. Hammond and Sawyer’s bodies have never been recovered.