First bancorp, inc (FNLC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Interest income
Interest and fees on loans (includes tax-exempt income of $310,000 as of March 31, 2020 and $358,000 as of March 31, 2019)

59,239

53,548

45,373

39,996

36,620

35,102

34,897

37,026

39,805

43,903

49,277

58,079

Interest on deposits with other banks

188

242

52

22

19

5

8

4

12

6

1

3

Interest and dividends on investments (includes tax-exempt income of $1,841,000 as of March 31, 2020 and $1,755,000 as of March 31, 2019)

19,224

16,753

15,407

13,741

14,171

15,915

15,031

14,795

15,885

13,351

13,291

13,290

Total interest income

78,651

70,543

60,832

53,759

50,810

51,022

49,936

51,825

55,702

57,260

62,569

71,372

Interest expense
Interest on deposits

23,268

15,970

9,479

6,028

5,285

7,087

7,997

8,396

9,746

10,297

11,872

23,000

Interest on borrowed funds

2,890

4,364

4,050

4,784

4,589

4,338

4,499

4,542

4,963

6,374

7,044

10,669

Total interest expense

26,158

20,334

13,529

10,812

9,874

11,425

12,496

12,938

14,709

16,671

18,916

33,669

Net interest income

52,493

50,209

47,303

42,947

40,936

39,597

37,440

38,887

40,993

40,589

43,653

37,703

Provision for loan losses

1,250

1,500

2,000

1,600

1,550

1,150

4,200

7,835

10,550

8,400

12,160

4,700

Net interest income after provision for loan losses

51,243

48,709

45,303

41,347

39,386

38,447

33,240

31,052

30,443

32,189

31,493

33,003

Non-interest income
Net securities gains

224

137

471

673

-

-

-

-

-

-

-

-

Investment management and fiduciary income

-

-

-

-

2,258

2,139

1,919

1,636

1,506

1,455

1,331

1,475

Service charges on deposit accounts

-

-

-

-

2,384

2,505

2,756

2,671

2,688

2,838

2,516

2,837

Net securities gains

-

-

-

-

1,399

1,155

1,087

1,968

3,293

2

0

0

Mortgage origination and servicing income, net of amortization

-

-

-

-

1,558

979

2,080

1,396

1,138

1,796

2,341

145

Other operating income

6,408

5,674

5,463

4,986

4,631

4,270

4,245

3,607

3,125

3,044

6,566

5,189

Total non-interest income

14,189

12,600

12,548

12,499

12,230

11,048

12,087

11,278

11,750

9,135

12,754

9,646

Non-interest expense
Salaries and employee benefits

18,396

17,641

16,601

15,215

15,080

14,890

14,305

12,691

12,245

11,927

10,935

11,333

Occupancy expense

2,558

2,435

2,400

2,313

2,312

2,215

2,050

1,639

1,583

1,536

1,580

1,518

Furniture and equipment expense

3,990

3,924

3,681

3,305

3,171

2,940

2,656

2,235

2,144

2,209

2,273

2,005

FDIC insurance premiums

439

1,226

1,008

789

890

1,004

1,143

1,212

1,391

1,931

1,666

402

Acquisition-related costs

-

-

-

-

-

-

-

251

0

0

-

-

Net securities losses

-

-

-

-

-

-

-

-

-

-

150

89

Other than temporary impairment charge

-

-

-

-

-

-

-

-

-

-

-916

0

Amortization of identified intangibles

43

43

43

43

58

326

326

283

283

283

283

283

Other operating expense

9,746

8,198

7,918

7,718

8,385

8,845

8,457

7,960

8,392

7,244

8,855

7,364

Total non-interest expense

35,172

33,467

31,651

29,383

29,896

30,220

28,937

26,271

26,038

25,130

26,658

22,994

Income before income taxes

30,260

27,842

26,200

24,463

21,720

19,275

16,390

16,059

16,155

16,194

17,589

19,655

Income tax expense

4,735

4,306

6,612

6,454

5,514

4,566

3,425

3,371

3,791

4,078

4,547

5,621

Net Income (Loss) Attributable to Parent

25,525

23,536

19,588

18,009

16,206

14,709

12,965

12,688

12,364

12,116

13,042

14,034

Less dividends and amortization of premium on preferred stock

-

-

-

-

-

-

-

-

-

-

1,161

0

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

11,881

14,034

Basic earnings per common share (usd per share)

2.36

2.18

1.82

1.68

1.52

1.38

1.20

1.22

1.14

1.10

1.22

1.45

Diluted earnings per common share (usd per share)

2.34

2.17

1.81

1.66

1.51

1.37

1.20

1.22

1.14

1.10

1.22

1.44

Other comprehensive income (loss) net of tax
Net unrealized gain on securities available for sale

8,708

-2,150

-1,452

-2,058

-1,399

9,113

-14,531

539

9,458

-1,932

-

-

Net unrealized gain on securities transferred from available for sale to held to maturity, net of amortization

15

-23

-14

-17

-64

-48

0

0

-

-

-

-

Net unrealized loss on cash flow hedging derivative instruments

-1,341

-106

107

-

-

-

-

-

-

-

-

-

Net unrealized loss on cash flow hedging derivative instruments

-

-

-

1,163

0

0

-

-

-

-

-

-

Net unrecognized gain (loss) on postretirement benefits

13

-184

19

-54

31

313

-311

36

14

-

-

-

Amortization of unrecognized postretirement benefits

-

-

-

-

-

-

-

-

-

138

-

-

Other comprehensive income (loss)

7,369

-2,095

-1,378

-858

-1,494

8,752

-14,220

503

9,444

-

-

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-1,794

-

-

Comprehensive income

32,894

21,441

18,210

17,151

14,712

23,461

-1,255

13,191

21,808

10,322

-

-

Weighted average number of shares outstanding

-

-

-

-

-

-

-

-

-

-

9,721

9,701

Incremental shares

-

-

-

-

-

-

-

-

-

-

12

18

Cash dividends declared per share

-

-

-

-

-

-

-

-

-

-

0.78

0.76

Investment management and fiduciary income
Non-interest income

3,318

3,030

2,680

2,411

-

-

-

-

-

-

-

-

Service charges on deposit accounts
Non-interest income

2,330

2,194

2,081

2,237

-

-

-

-

-

-

-

-

Mortgage origination and servicing income, net of amortization
Non-interest income

1,909

1,565

1,853

2,192

-

-

-

-

-

-

-

-