First Bancorp, Inc /ME/

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

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, 2025 · Filed Aug 8, 2025

FNLC$37.01-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income and Comprehensive Income

Consolidated Statements of Income and Comprehensive Income (Unaudited)

	For the six months ended June 30,		For the quarter ended June 30,
	2025	2024	2025	2024
Interest income
Interest and fees on loans (includes YTD tax-exempt income of $1,388,000 for June 30, 2025 and $1,111,000 for June 30, 2024)	$68,938,000	$62,043,000	$35,014,000	$31,839,000
Interest on deposits with other banks	107,000	134,000	51,000	56,000
Interest and dividends on investments (includes YTD tax-exempt income of $3,913,000 for June 30, 2025 and $3,985,000 for June 30, 2024)	9,489,000	9,369,000	4,760,000	4,663,000
Total interest income	78,534,000	71,546,000	39,825,000	36,558,000
Interest expense
Interest on deposits	38,994,000	38,993,000	19,725,000	19,816,000
Interest on borrowed funds	3,332,000	2,598,000	1,691,000	1,667,000
Total interest expense	42,326,000	41,591,000	21,416,000	21,483,000
Net interest income	36,208,000	29,955,000	18,409,000	15,075,000
Credit loss expense - loans	744,000	638,000	348,000	539,000
Credit loss expense (reduction) - debt securities HTM	2,000	(286,000)	1,000	(34,000)
Credit loss expense (reduction) - off-balance sheet credit exposures	132,000	(353,000)	137,000	7,000
Total credit loss expense (reduction)	878,000	(1,000)	486,000	512,000
Net interest income after provision for credit losses	35,330,000	29,956,000	17,923,000	14,563,000
Non-interest income
Investment management and fiduciary income	2,653,000	2,457,000	1,336,000	1,269,000
Service charges on deposit accounts	1,070,000	1,041,000	539,000	542,000
Mortgage origination and servicing income, net of amortization	416,000	319,000	221,000	189,000
Debit card income	2,456,000	2,519,000	1,286,000	1,333,000
Other operating income	1,536,000	1,461,000	747,000	824,000
Total non-interest income	8,131,000	7,797,000	4,129,000	4,157,000
Non-interest expense
Salaries and employee benefits	13,126,000	11,642,000	6,276,000	5,585,000
Occupancy expense	1,753,000	1,709,000	876,000	843,000
Furniture and equipment expense	2,900,000	2,766,000	1,438,000	1,377,000
FDIC insurance premiums	1,395,000	1,126,000	701,000	562,000
Amortization of identified intangibles	13,000	13,000	6,000	6,000
Other operating expense	5,856,000	5,755,000	2,902,000	2,877,000
Total non-interest expense	25,043,000	23,011,000	12,199,000	11,250,000
Income before income taxes	18,418,000	14,742,000	9,853,000	7,470,000
Income tax expense	3,278,000	2,550,000	1,790,000	1,299,000
NET INCOME	$15,140,000	$12,192,000	$8,063,000	$6,171,000
Basic earnings per common share	$1.37	$1.10	$0.73	$0.56
Diluted earnings per common share	$1.35	$1.10	$0.72	$0.55
Other comprehensive income (loss) net of tax
Net unrealized gain (loss) on securities available for sale, net of taxes	$5,434,000	$(3,794,000)	$1,465,000	$(553,000)
Net unrealized (loss) gain on transferred securities, net of taxes	(13,000)	5,000	(15,000)	3,000
Net unrealized (loss) gain on hedging derivative instruments	(73,000)	433,000	2,000	(2,000)
Other comprehensive gain (loss)	5,348,000	(3,356,000)	1,452,000	(552,000)
Comprehensive income	$20,488,000	$8,836,000	$9,515,000	$5,619,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.