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
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Deposits
Total deposits at March 31, 2026 were $2.66 billion, unchanged from year-end 2025. In the first three months of 2026 low-cost deposits (demand, NOW, and savings accounts) decreased by $42.1 million or 3.5%, money market deposits decreased $16.5 million or 3.5%, and certificates of deposit increased $58.5 million or 6.0%.
Between March 31, 2025 and March 31, 2026, total deposits decreased by $46.7 million or 1.7%. Low-cost deposits increased by $32.8 million or 2.9%, money market accounts increased $54.2 million or 13.6%, and certificates of deposit decreased $133.8 million or 11.4%. The reduction in certificate of deposit balances as compared to prior year is principally the result of redemption of wholesale time deposits.
Estimated uninsured deposits totaled $485.4 million or 18.2% of total deposits as of March 31, 2026, and $516.9 million or 19.4% of total deposits as of December 31, 2025. The company has pledged assets as collateral covering certain deposits; these amounts were $361.8 million and $385.2 million as of March 31, 2026 and December 31, 2025, respectively.
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