First Bancorp, Inc /ME/

During the first nine months of 2025, total deposits increased by $12.3 million or 0.5% from December 31, 2024 levels. In the first nine months of 2025 low-cost deposits (demand, NOW, and savings accounts) decreased by $26.2 million or 2.1%, money market deposits increased $81.8 million or 21.7%, and certificates of deposit decreased $43.3 million or 3.9%.

Between September 30, 2024 and September 30, 2025, total deposits increased by $34.8 million or 1.3%. Low-cost deposits decreased by $25.7 million or 2.1%, money market accounts increased $114.3 million or 33.2%, and certificates of deposit decreased $53.8 million or 4.8%.

Over both the year-to-date and year-over-year periods, management has observed a modest shift of low-cost deposits to higher cost money market deposits. The reduction in certificate of deposit balances is principally the result of redemption of non-local time deposits.

Estimated uninsured deposits totaled $538.2 million or 19.7% of total deposits as of September 30, 2025, and $506.2 million or 18.6% of total deposits as of December 31, 2024. The company has pledged assets as collateral covering certain deposits; these amounts were $365.4 million and $349.8 million as of September 30, 2025 and December 31, 2024, respectively.