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$37.08+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited)The First Bancorp, Inc. and Subsidiary
| September 30, 2024 | December 31, 2023 | September 30, 2023 | |
|---|---|---|---|
| Assets | |||
| Cash and cash equivalents | $35,136,000 | $31,942,000 | $29,894,000 |
| Interest bearing deposits in other banks | 17,199,000 | 3,488,000 | 38,366,000 |
| Securities available for sale | 285,021,000 | 282,053,000 | 284,972,000 |
| Securities held-to-maturity (net of ACL), fair value of $333,575,000 at September 30, 2024, $338,570,000 at December 31, 2023 and $311,864,000 at September 30, 2023 | 377,635,000 | 385,235,000 | 387,374,000 |
| Restricted equity securities, at cost | 6,420,000 | 3,385,000 | 3,860,000 |
| Loans held for sale | — | — | 268,000 |
| Loans | 2,307,253,000 | 2,129,454,000 | 2,079,860,000 |
| Less allowance for credit losses | 23,999,000 | 24,030,000 | 23,322,000 |
| Net loans | 2,283,254,000 | 2,105,424,000 | 2,056,538,000 |
| Accrued interest receivable | 14,600,000 | 11,894,000 | 12,038,000 |
| Premises and equipment, net | 27,449,000 | 28,684,000 | 28,868,000 |
| Other real estate owned | 173,000 | — | — |
| Goodwill | 30,646,000 | 30,646,000 | 30,646,000 |
| Other assets | 65,030,000 | 63,947,000 | 71,315,000 |
| Total assets | $3,142,563,000 | $2,946,698,000 | $2,944,139,000 |
| Liabilities | |||
| Demand deposits | $312,956,000 | $289,104,000 | $323,375,000 |
| NOW deposits | 651,242,000 | 634,543,000 | 683,180,000 |
| Money market deposits | 344,102,000 | 305,931,000 | 271,056,000 |
| Savings deposits | 269,092,000 | 299,837,000 | 313,160,000 |
| Certificates of deposit | 1,125,326,000 | 1,070,247,000 | 1,009,166,000 |
| Total deposits | 2,702,718,000 | 2,599,662,000 | 2,599,937,000 |
| Borrowed funds – short term | 56,027,000 | 69,652,000 | 82,993,000 |
| Borrowed funds – long term | 95,000,000 | — | — |
| Other liabilities | 32,035,000 | 34,305,000 | 34,544,000 |
| Total liabilities | 2,885,780,000 | 2,703,619,000 | 2,717,474,000 |
| Shareholders' equity | |||
| Common stock, one cent par value per share | 111,000 | 111,000 | 111,000 |
| Additional paid-in capital | 71,389,000 | 70,071,000 | 69,649,000 |
| Retained earnings | 219,559,000 | 211,925,000 | 209,132,000 |
| Accumulated other comprehensive income (loss) | |||
| Net unrealized loss on securities available-for-sale | (34,394,000) | (39,575,000) | (53,852,000) |
| Net unrealized loss on securities transferred from available-for-sale to held-to-maturity | (49,000) | (56,000) | (58,000) |
| Net unrealized (loss) gain on cash flow hedging derivative instruments | (136,000) | 300,000 | 1,410,000 |
| Net unrealized gain on postretirement costs | 303,000 | 303,000 | 273,000 |
| Total shareholders' equity | 256,783,000 | 243,079,000 | 226,665,000 |
| Total liabilities & shareholders' equity | $3,142,563,000 | $2,946,698,000 | $2,944,139,000 |
| Common Stock | |||
| Number of shares authorized | 18,000,000 | 18,000,000 | 18,000,000 |
| Number of shares issued and outstanding | 11,148,066 | 11,098,057 | 11,089,290 |
| Book value per common share | $23.03 | $21.90 | $20.44 |
| Tangible book value per common share | $20.27 | $19.12 | $17.66 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.