First Bancorp Inc ME
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 2024
FNLC$36.41-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Average Daily Balance Sheets
The following table shows the Company's average daily balance sheets for the six months and quarters ended June 30, 2024 and 2023:
| For the six months ended | For the quarters ended | |||
|---|---|---|---|---|
| Dollars in thousands | June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 |
| Assets | ||||
| Cash and cash equivalents | $24,002 | $22,993 | $24,485 | $23,236 |
| Interest-bearing deposits in other banks | 4,867 | 3,671 | 4,030 | 3,608 |
| Securities available for sale (includes tax exempt securities of $36,483 and $36,630 at June 30, 2024 and 2023, respectively) | 272,772 | 286,004 | 269,647 | 284,047 |
| Securities to be held to maturity, net of ACL (included tax exempt securities of $252,892 and $256,942 at June 30, 2024 and 2023, respectively) | 380,487 | 391,948 | 378,076 | 390,907 |
| Restricted equity securities, at cost | 5,913 | 5,050 | 6,743 | 5,642 |
| Loans held for sale | 20 | 35 | 24 | 42 |
| Loans | 2,181,882 | 1,985,507 | 2,213,404 | 2,022,252 |
| Allowance for credit losses | (24,281) | (20,355) | (24,375) | (23,648) |
| Net loans | 2,157,601 | 1,965,152 | 2,189,029 | 1,998,604 |
| Accrued interest receivable | 15,449 | 13,123 | 16,944 | 14,420 |
| Premises and equipment | 28,473 | 28,163 | 28,255 | 28,122 |
| Other real estate owned | 6 | 2 | 11 | 4 |
| Goodwill | 30,646 | 30,646 | 30,646 | 30,646 |
| Other assets | 65,018 | 62,707 | 67,559 | 63,560 |
| Total Assets | $2,985,254 | $2,809,494 | $3,015,449 | $2,842,838 |
| Liabilities & Shareholders' Equity | ||||
| Demand deposits | $264,974 | $293,648 | $260,268 | $286,432 |
| NOW deposits | 621,309 | 617,586 | 617,837 | 628,900 |
| Money market deposits | 313,171 | 192,341 | 310,202 | 190,671 |
| Savings deposits | 281,132 | 346,546 | 274,239 | 333,872 |
| Certificates of deposit | 1,076,629 | 978,477 | 1,095,743 | 1,009,771 |
| Total deposits | 2,557,215 | 2,428,598 | 2,558,289 | 2,449,646 |
| Borrowed funds – short term | 86,763 | 96,972 | 115,904 | 109,595 |
| Borrowed funds – long term | 70,000 | 25,080 | 70,000 | 25,080 |
| Dividends payable | 903 | 874 | 904 | 871 |
| Other liabilities | 26,171 | 22,728 | 26,031 | 24,655 |
| Total Liabilities | 2,741,052 | 2,574,252 | 2,771,128 | 2,609,847 |
| Shareholders' Equity: | ||||
| Common stock | 111 | 111 | 111 | 111 |
| Additional paid-in capital | 70,437 | 68,769 | 70,658 | 68,963 |
| Retained earnings | 216,692 | 208,241 | 217,856 | 206,953 |
| Net unrealized loss on securities available for sale | (43,971) | (41,545) | (45,467) | (41,376) |
| Net unrealized loss on securities transferred from available for sale to held to maturity | (54) | (61) | (52) | (60) |
| Net unrealized gain (loss) on cash flow hedging derivative instruments | 684 | (546) | 912 | (1,873) |
| Net unrealized gain on postretirement benefit costs | 303 | 273 | 303 | 273 |
| Total Shareholders' Equity | 244,202 | 235,242 | 244,321 | 232,991 |
| Total Liabilities & Shareholders' Equity | $2,985,254 | $2,809,494 | $3,015,449 | $2,842,838 |
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