The First, N.A. in Damariscotta, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First, N.A. - Overview

  • General
  • FDIC Certificate #: 4256
    Status: Active
    Federal Reserve ID: 439404
    Bank Holding Company (Regulatory Top Holder): First Bancorp, Inc., The (RSSDID: 1133932, Location: Damariscotta, ME)
    Date Established: April 19, 1864
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 10325
    FDIC's unique #: 2791
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 Main Street, Damariscotta, ME 4543
    County: Lincoln
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $1,338.8 mil
    Equity capital: $122.0 mil
    Deposits held in domestic offices: $942.2 mil
    Return on assets (ROA): 0.90% ($12.1 mil)
    Quarterly return on assets: 0.89% ($11.9 mil)
    Return on Equity (ROE): 10.04% ($12.2 mil)
    Quarterly return on equity: 9.98% ($12.2 mil)
    Net income: $12.4 mil
    Quarterly Net income: $3.0 mil
    Pretax return on assets: 1.17% ($15,664.0 mil)
    Quarterly Pretax return on assets: 1.14% ($15,262.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 203Total employees (full-time equivalent)
  • $1,338,806Total assets
  • $14,115Cash and due from depository institutions
  • $2Interest-bearing balances
  • $407,430Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $851,988Net loans & leases
  • $13,000Loan loss allowance
  • $0Trading account assets
  • $16,374Bank premises and fixed assets
  • $4,094Other real estate owned
  • $2,189Goodwill and other intangibles
  • $1,338,807Life insurance assets
  • $42,616All other assets
  • $1,216,798Total liabilities and capital
  • $942,227Total liabilities
  • $865,583Total deposits
  • $942,227Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 90515.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $175,148Trading liabilities
  • $0Other borrowed funds
  • $8,908Subordinated debt
  • $122,009All other liabilities
  • $122,009Total equity capital
  • $122,009Total bank equity capital
  • $12,500Perpetual preferred stock
  • $300Common stock
  • $21,750Surplus
  • $87,459Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,977Income earned, not collected on loans
  • $0Earning assets
  • $4,835Long-term assets (5+ years)
  • $1,259,420Average Assets, year-to-date
  • $586,571Average Assets, quarterly
  • $1,375,106Volatile liabilities
  • $1,365,423Insider loans
  • $804,390FHLB advances
  • $1,363,517Loans and leases held for sale
  • $10,181Unused loan commitments
  • $10,181Tier 1 (core) risk-based capital
  • $113,521Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $106,512Restructured Loans and leases
  • $19,981Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $56,149Total interest income
  • $14,709Total interest expense
  • $41,440Net interest income
  • $10,550Provision for loan and lease losses
  • $8,007Total noninterest income
  • $1,506Fiduciary activities
  • $2,688Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,813Additional noninterest income
  • $25,903Total noninterest expense
  • $12,226Salaries and employee benefits
  • $3,186Premises and equipment expense
  • $10,491Additional noninterest expense
  • $12,994Pre-tax net operating income
  • $3,140Securities gains (losses)
  • $3,777Applicable income taxes
  • $12,357Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,357Net income attributable to bank
  • $0Net charge-offs
  • $12,357Cash dividends
  • $10,866Sale, conversion, retirement of capital stock, net
  • $8,709Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.00%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 10.04%Return on equity (ROE)
  • 2.96%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 97.09%Credit loss provision to net charge-offs
  • 2.17%Efficiency ratio
  • 51,813Assets per employee
  • 6.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.48%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 44.86%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 3.35%Net loans and leases to deposits
  • 90.42%Net loans and leases to core deposits
  • 113.26%Equity capital to assets
  • 9.11%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 14.11%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,375,106Average earning assets
  • $123,122Average equity
  • $1,292,367Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $621,025Managed Assets
  • 1Number of Accounts
  • $619,320Personal trust and agency accounts
  • $46,049Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $28,004Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $526,102Other fiduciary accounts
  • $19,165Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 750Number of Accounts
  • $0Personal trust and agency accounts
  • $27,697Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,705Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $564Fiduciary accounts held in foreign offices

List of branches

  • 14 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02791The First, N.A.223 Main Street, Damariscotta, ME 4543April 19, 1864Full Service Brick and Mortar
    1202451Waldoboro Branch1471 Atlantic Highway, Waldoboro, ME 4572July 09, 1975Full Service Brick and Mortar
    2202452Boothbay Harbor Branch77 Oak Street, Boothbay Harbor, ME 4538November 01, 1979Full Service Brick and Mortar
    3202453Wiscasset Branch39 Gardiner Road, Wiscasset, ME 4578July 14, 1988Full Service Brick and Mortar
    5202455Rockport Branch114 Commercial Street, Rockport, ME 4856October 06, 1997Full Service Brick and Mortar
    6202456Camden Branch19 Elm Street, Camden, ME 4843May 28, 1998Full Service Brick and Mortar
    7364469Rockland Branch132 Park Street, Rockland, ME 4841September 25, 2001Full Service Brick and Mortar
    82788Bar Harbor Branch102 Main Street, Bar Harbor, ME 4609January 01, 1888Full Service Brick and Mortar
    9202437Southwest Harbor Branch350 Main Street, Southwest Harbor, ME 4679August 27, 1951Full Service Brick and Mortar
    10202438Calais Branch153 North Street, Calais, ME 4619June 19, 1967Full Service Brick and Mortar
    11202439Ellsworth Branch235 High Street, Ellsworth, ME 4605April 29, 1971Full Service Brick and Mortar
    12202440Eastport Branch102 Washington Street, Eastport, ME 4631April 18, 1990Full Service Brick and Mortar
    13202442Northeast Harbor Branch102b Main Street, Northeast Harbor, ME 4662May 01, 1998Full Service Brick and Mortar
    14358182Blue Hill Branch1 South Street, Blue Hill, ME 4614December 13, 1999Full Service Retail

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