First Bancorp Inc ME
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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
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Non-Interest Expense
Non-interest expense of $11.8 million for the three months ended March 31, 2024 is an increase of 8.4% or $911,000 compared to non-interest expense of $10.9 million for the same period in 2023. Salaries and employee benefits increased $337,000 or 5.9%, and other operating expense increased $270,000 or 10.4%. FDIC insurance premiums increased by $220,000 due to a base rate increase impacting all banks.
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