First Bancorp Inc ME
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
FNLC$36.41-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Average Daily Balance Sheets
The following table shows the Company's average daily balance sheets for the three months ended March 31, 2024 and 2023:
| For the three months ended | ||
|---|---|---|
| Dollars in thousands | March 31, 2024 | March 31, 2023 |
| Assets | ||
| Cash and cash equivalents | $23,520 | $23,122 |
| Interest-bearing deposits in other banks | 5,704 | 3,360 |
| Securities available for sale (includes tax exempt securities of $36,490 and $36,636 at March 31, 2024 and 2023, respectively) | 275,897 | 287,984 |
| Securities to be held to maturity, net of ACL (included tax exempt securities of $253,412 and $257,279 at March 31, 2024 and 2023, respectively) | 382,899 | 393,001 |
| Restricted equity securities, at cost | 5,084 | 4,451 |
| Loans held for sale | 16 | 28 |
| Loans | 2,150,359 | 1,948,353 |
| Allowance for credit losses | (24,186) | (17,026) |
| Net loans | 2,126,173 | 1,931,327 |
| Accrued interest receivable | 13,954 | 11,812 |
| Premises and equipment | 28,690 | 28,204 |
| Goodwill | 30,646 | 30,646 |
| Other assets | 62,479 | 61,844 |
| Total Assets | $2,955,062 | $2,775,779 |
| Liabilities & Shareholders' Equity | ||
| Demand deposits | $269,671 | $300,948 |
| NOW deposits | 624,781 | 606,145 |
| Money market deposits | 316,140 | 194,030 |
| Savings deposits | 288,025 | 359,361 |
| Certificates of deposit | 1,057,526 | 946,834 |
| Total deposits | 2,556,143 | 2,407,318 |
| Borrowed funds – short term | 57,621 | 109,209 |
| Borrowed funds – long term | 70,000 | 81 |
| Dividends payable | 903 | 876 |
| Other liabilities | 26,312 | 20,777 |
| Total Liabilities | 2,710,979 | 2,538,261 |
| Shareholders' Equity: | ||
| Common stock | 111 | 111 |
| Additional paid-in capital | 70,216 | 68,573 |
| Retained earnings | 215,529 | 209,543 |
| Net unrealized loss on securities available for sale | (42,476) | (41,716) |
| Net unrealized loss on securities transferred from available for sale to held to maturity | (55) | (62) |
| Net unrealized gain on cash flow hedging derivative instruments | 455 | 796 |
| Net unrealized gain on postretirement benefit costs | 303 | 273 |
| Total Shareholders' Equity | 244,083 | 237,518 |
| Total Liabilities & Shareholders' Equity | $2,955,062 | $2,775,779 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.