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
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Past Due Loans
The Bank's overall loan delinquency ratio was 0.14% at September 30, 2024 compared to 0.18% at December 31, 2023 and 0.10% at September 30, 2023. Loans 90 days delinquent and accruing decreased from $429,000 at December 31, 2023 to $405,000 as of September 30, 2024. The following table sets forth loan delinquencies as of September 30, 2024 and 2023 and December 31, 2023:
| Dollars in thousands · September 30, 2024 · December 31, 2023 · September 30, 2023 | ||||||
|---|---|---|---|---|---|---|
| Commercial | ||||||
| Real estate owner occupied | $162 | $— | $— | |||
| Real estate non-owner occupied | — | — | — | |||
| Construction | — | 17 | 15 | |||
| C&I | 1,070 | 869 | 670 | |||
| Multifamily | — | — | — | |||
| Agriculture | 210 | — | — | |||
| Municipal | — | 31 | — | |||
| Residential | ||||||
| Term | 736 | 1,800 | 723 | |||
| Construction | — | — | 62 | |||
| Home Equity | ||||||
| Revolving and term | 512 | 616 | 258 | |||
| Consumer | 617 | 555 | 260 | |||
| Total | $3,307 | $3,888 | $1,988 | |||
| Loans 30-89 days past due to total loans | 0.104 | % | 0.139 | % | 0.048 | % |
| Loans 90+ days past due and accruing to total loans | 0.018 | % | 0.020 | % | 0.001 | % |
| Loans 90+ days past due on non-accrual to total loans | 0.022 | % | 0.024 | % | 0.047 | % |
| Total past due loans to total loans | 0.143 | % | 0.183 | % | 0.096 | % |
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