First Bancorp Inc ME
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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 nine months and quarters ended September 30, 2024 and 2023:
| For the nine months ended | For the quarters ended | |||
|---|---|---|---|---|
| Dollars in thousands | September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 |
| Assets | ||||
| Cash and cash equivalents | $24,797 | $25,355 | $26,371 | $29,993 |
| Interest-bearing deposits in other banks | 5,102 | 7,567 | 5,568 | 15,241 |
| Securities available for sale (includes tax exempt securities of $36,473 and $36,623 at September 30, 2024 and 2023, respectively) | 274,732 | 281,935 | 278,609 | 273,930 |
| Securities to be held to maturity, net of ACL (included tax exempt securities of $252,516 and $256,464 at September 30, 2024 and 2023, respectively) | 379,438 | 390,828 | 377,361 | 388,623 |
| Restricted equity securities, at cost | 6,221 | 4,778 | 6,829 | 4,243 |
| Loans held for sale | 26 | 45 | 37 | 65 |
| Loans | 2,212,019 | 2,015,081 | 2,271,637 | 2,073,265 |
| Allowance for credit losses | (24,458) | (21,478) | (24,808) | (23,688) |
| Net loans | 2,187,561 | 1,993,603 | 2,246,829 | 2,049,577 |
| Accrued interest receivable | 15,588 | 13,223 | 15,864 | 13,419 |
| Premises and equipment | 28,245 | 28,109 | 27,795 | 28,004 |
| Other real estate owned | 71 | 8 | 200 | 19 |
| Goodwill | 30,646 | 30,646 | 30,646 | 30,646 |
| Other assets | 64,618 | 63,811 | 63,827 | 65,982 |
| Total Assets | $3,017,045 | $2,839,908 | $3,079,936 | $2,899,742 |
| Liabilities & Shareholders' Equity | ||||
| Demand deposits | $274,854 | $301,738 | $294,424 | $316,488 |
| NOW deposits | 617,644 | 618,445 | 610,394 | 620,135 |
| Money market deposits | 317,397 | 208,697 | 325,757 | 240,874 |
| Savings deposits | 277,247 | 339,078 | 269,561 | 324,384 |
| Certificates of deposit | 1,087,513 | 1,000,370 | 1,109,018 | 1,044,609 |
| Total deposits | 2,574,655 | 2,468,328 | 2,609,154 | 2,546,490 |
| Borrowed funds – short term | 72,679 | 112,080 | 94,274 | 92,461 |
| Borrowed funds – long term | 95,000 | — | 95,000 | — |
| Dividends payable | 922 | 892 | 959 | 928 |
| Other liabilities | 26,326 | 23,776 | 26,638 | 25,839 |
| Total Liabilities | 2,769,582 | 2,605,076 | 2,826,025 | 2,665,718 |
| Shareholders' Equity: | ||||
| Common stock | 111 | 111 | 111 | 111 |
| Additional paid-in capital | 70,656 | 68,975 | 71,088 | 69,381 |
| Retained earnings | 217,930 | 208,884 | 220,379 | 210,148 |
| Net unrealized loss on securities available for sale | (42,077) | (43,293) | (38,330) | (46,732) |
| Net unrealized loss on securities transferred from available for sale to held to maturity | (52) | (60) | (50) | (58) |
| Net unrealized gain (loss) on cash flow hedging derivative instruments | 592 | (58) | 410 | 901 |
| Net unrealized gain on postretirement benefit costs | 303 | 273 | 303 | 273 |
| Total Shareholders' Equity | 247,463 | 234,832 | 253,911 | 234,024 |
| Total Liabilities & Shareholders' Equity | $3,017,045 | $2,839,908 | $3,079,936 | $2,899,742 |
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