First Bancorp, Inc /ME/
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
FNLC$37.01-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income and Comprehensive Income (Unaudited) -The First Bancorp, Inc. and Subsidiary
| For the three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Interest income | ||
| Interest and fees on loans (includes YTD tax-exempt income of $591,000 for March 31, 2026 and $721,000 for March 31, 2025) | $34,725,000 | $33,924,000 |
| Interest on deposits with other banks | 30,000 | 56,000 |
| Interest and dividends on investments (includes YTD tax-exempt income of $1,902,000 for March 31, 2026 and $1,955,000 for March 31, 2025) | 4,384,000 | 4,729,000 |
| Total interest income | 39,139,000 | 38,709,000 |
| Interest expense | ||
| Interest on deposits | 16,702,000 | 19,269,000 |
| Interest on borrowed funds | 1,748,000 | 1,641,000 |
| Total interest expense | 18,450,000 | 20,910,000 |
| Net interest income | 20,689,000 | 17,799,000 |
| Credit loss expense - loans | 650,000 | 396,000 |
| Credit loss (reduction) expense - debt securities HTM | (1,000) | 1,000 |
| Credit loss reduction - off-balance sheet credit exposures | (29,000) | (5,000) |
| Total credit loss expense | 620,000 | 392,000 |
| Net interest income after provision for credit losses | 20,069,000 | 17,407,000 |
| Non-interest income | ||
| Investment management and fiduciary income | 1,486,000 | 1,317,000 |
| Service charges on deposit accounts | 560,000 | 531,000 |
| Net securities gains | 12,000 | — |
| Mortgage origination and servicing income, net of amortization | 176,000 | 195,000 |
| Debit card income | 1,200,000 | 1,170,000 |
| Other operating income | 1,017,000 | 789,000 |
| Total non-interest income | 4,451,000 | 4,002,000 |
| Non-interest expense | ||
| Salaries and employee benefits | 7,330,000 | 6,850,000 |
| Occupancy expense | 956,000 | 877,000 |
| Furniture and equipment expense | 1,543,000 | 1,462,000 |
| FDIC insurance premiums | 570,000 | 694,000 |
| Amortization of identified intangibles | 7,000 | 7,000 |
| Other operating expense | 3,210,000 | 2,954,000 |
| Total non-interest expense | 13,616,000 | 12,844,000 |
| Income before income taxes | 10,904,000 | 8,565,000 |
| Income tax expense | 1,911,000 | 1,488,000 |
| NET INCOME | $8,993,000 | $7,077,000 |
| Basic earnings per common share | $0.81 | $0.64 |
| Diluted earnings per common share | $0.80 | $0.63 |
| Other comprehensive income (loss) net of tax | ||
| Net unrealized (loss) gain on securities available for sale, net of taxes | $(1,449,000) | $3,969,000 |
| Net unrealized gain on transferred securities, net of taxes | 3,000 | 2,000 |
| Net unrealized loss on hedging derivative instruments | — | (75,000) |
| Other comprehensive (loss) gain | (1,446,000) | 3,896,000 |
| Comprehensive income | $7,547,000 | $10,973,000 |
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