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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Past Due Loans
The Bank's overall loan delinquency ratio was 0.09% at March 31, 2024 compared to 0.18% at December 31, 2023 and 0.10% at March 31, 2023. Loans 90 days delinquent and accruing decreased from $429,000 at December 31, 2023 to $50,000 as of March 31, 2024. The following table sets forth loan delinquencies as of March 31, 2024 and 2023 and December 31, 2023:
| Dollars in thousands · March 31, 2024 · December 31, 2023 · March 31, 2023 | ||||||
|---|---|---|---|---|---|---|
| Commercial | ||||||
| Real estate owner occupied | $447 | $— | $152 | |||
| Real estate non-owner occupied | — | — | — | |||
| Construction | — | 17 | — | |||
| C&I | 87 | 869 | 300 | |||
| Multifamily | — | — | — | |||
| Agriculture | 119 | — | — | |||
| Municipal | — | 31 | — | |||
| Residential | ||||||
| Term | 829 | 1,800 | 806 | |||
| Construction | — | — | — | |||
| Home Equity | ||||||
| Revolving and term | 396 | 616 | 568 | |||
| Consumer | 170 | 555 | 120 | |||
| Total | $2,048 | $3,888 | $1,946 | |||
| Loans 30-89 days past due to total loans | 0.058 | % | 0.139 | % | 0.060 | % |
| Loans 90+ days past due and accruing to total loans | 0.002 | % | 0.020 | % | 0.010 | % |
| Loans 90+ days past due on non-accrual to total loans | 0.034 | % | 0.024 | % | 0.030 | % |
| Total past due loans to total loans | 0.094 | % | 0.183 | % | 0.100 | % |
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