First bancorp, inc (FNLC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
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)

15,856

14,789

14,993

14,900

14,557

14,384

13,735

13,038

12,391

11,958

11,648

11,115

10,652

10,237

10,021

10,004

9,734

9,373

9,235

9,157

8,855

8,982

8,900

8,642

8,578

8,657

8,710

8,738

8,792

9,020

9,247

9,367

9,392

9,717

9,960

9,955

10,173

10,561

11,136

11,056

11,150

Interest on deposits with other banks

74

43

48

29

68

110

115

6

11

6

23

8

15

5

9

5

3

3

3

8

5

1

1

1

2

2

2

2

2

1

2

1

0

3

7

0

2

1

3

0

2

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)

4,764

4,825

4,863

4,893

4,643

4,307

4,236

4,161

4,049

3,858

3,846

3,879

3,824

3,358

3,253

3,591

3,539

3,662

3,595

3,409

3,505

3,807

3,968

4,097

4,043

4,108

3,943

3,509

3,471

3,673

3,643

3,765

3,714

3,833

3,931

4,042

4,079

3,780

3,431

3,159

2,981

Total interest income

20,694

19,657

19,904

19,822

19,268

18,801

18,086

17,205

16,451

15,822

15,517

15,002

14,491

13,600

13,283

13,600

13,276

13,038

12,833

12,574

12,365

12,790

12,869

12,740

12,623

12,767

12,655

12,249

12,265

12,694

12,892

13,133

13,106

13,553

13,898

13,997

14,254

14,342

14,570

14,215

14,133

Interest expense
Interest on deposits

5,186

5,529

5,983

6,179

5,577

4,839

4,274

3,758

3,099

2,710

2,473

2,302

1,994

1,646

1,538

1,491

1,353

1,290

1,236

1,316

1,443

1,681

1,777

1,804

1,825

1,962

2,023

2,025

1,987

2,026

2,073

2,104

2,193

2,268

2,397

2,518

2,563

2,598

2,648

2,571

2,480

Interest on borrowed funds

590

710

695

693

792

967

1,276

1,178

943

904

1,090

1,035

1,021

1,216

1,216

1,158

1,194

1,103

1,086

1,180

1,220

1,062

1,088

1,101

1,087

1,144

1,127

1,113

1,115

1,175

1,149

1,111

1,107

1,248

1,273

1,256

1,186

1,386

1,669

1,687

1,632

Total interest expense

5,776

6,239

6,678

6,872

6,369

5,806

5,550

4,936

4,042

3,614

3,563

3,337

3,015

2,862

2,754

2,649

2,547

2,393

2,322

2,496

2,663

2,743

2,865

2,905

2,912

3,106

3,150

3,138

3,102

3,201

3,222

3,215

3,300

3,516

3,670

3,774

3,749

3,984

4,317

4,258

4,112

Net interest income

14,918

13,418

13,226

12,950

12,899

12,995

12,536

12,269

12,409

12,208

11,954

11,665

11,476

10,738

10,529

10,951

10,729

10,645

10,511

10,078

9,702

10,047

10,004

9,835

9,711

9,661

9,505

9,111

9,163

9,493

9,670

9,918

9,806

10,037

10,228

10,223

10,505

10,358

10,253

9,957

10,021

Provision for loan losses

400

375

250

250

375

167

333

500

500

250

750

500

500

475

375

375

375

450

200

400

500

300

350

100

400

700

800

1,200

1,500

1,535

1,400

2,800

2,100

4,950

1,500

2,000

2,100

2,100

1,800

2,100

2,400

Net interest income after provision for loan losses

14,518

13,043

12,976

12,700

12,524

12,828

12,203

11,769

11,909

11,958

11,204

11,165

10,976

10,263

10,154

10,576

10,354

10,195

10,311

9,678

9,202

9,747

9,654

9,735

9,311

8,961

8,705

7,911

7,663

7,958

8,270

7,118

7,706

5,087

8,728

8,223

8,405

8,258

8,453

7,857

7,621

Non-interest income
Net securities gains

752

209

15

0

0

0

1

0

136

-

468

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment management and fiduciary income

-

-

-

-

-

-

-

-

-

-

-

-

631

-

591

651

563

552

548

617

541

520

517

585

517

481

470

519

449

406

386

448

396

366

358

358

424

339

329

376

411

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

502

-

528

609

574

583

564

658

579

606

598

682

619

657

676

775

648

676

644

713

638

656

681

711

640

644

689

796

709

Net securities gains

-

-

-

-

-

-

-

-

-

-

-

-

3

-

137

-5

536

3

1

0

1,395

10

1,105

4

36

0

0

788

299

1

0

1,444

523

3,056

8

229

0

0

0

0

2

Mortgage origination and servicing income, net of amortization

-

-

-

-

-

-

-

-

-

-

-

-

332

-

896

509

129

465

388

508

197

369

256

160

194

345

348

491

896

542

550

460

-156

293

193

193

459

890

293

335

278

Other operating income

1,494

1,575

1,542

1,777

1,514

1,415

1,413

1,448

1,398

1,413

1,360

1,315

1,375

1,265

1,317

1,242

1,162

1,160

1,474

1,051

946

1,097

1,180

1,027

966

1,116

1,127

1,006

996

1,097

912

831

767

788

840

743

754

738

756

775

775

Total non-interest income

4,221

3,908

3,532

3,605

3,144

3,253

3,034

3,181

3,132

3,210

3,493

3,002

2,843

3,060

3,469

3,006

2,964

2,763

2,975

2,834

3,658

2,602

3,656

2,458

2,332

2,599

2,621

3,579

3,288

2,722

2,492

3,896

2,168

5,159

2,080

2,234

2,277

2,611

2,067

2,282

2,175

Non-interest expense
Salaries and employee benefits

5,025

4,698

4,865

4,423

4,410

4,411

4,460

4,280

4,490

4,491

4,267

3,873

3,970

4,079

3,931

3,607

3,598

4,136

3,784

3,440

3,720

3,622

4,048

3,523

3,697

3,698

3,613

3,520

3,474

3,206

3,283

3,118

3,084

2,990

3,250

2,928

3,077

3,265

3,109

2,808

2,745

Occupancy expense

713

627

644

635

652

564

574

598

699

584

589

603

624

578

589

568

578

540

556

571

645

527

517

559

612

493

488

522

547

392

428

405

414

389

367

378

449

407

353

382

394

Furniture and equipment expense

1,116

1,021

969

1,025

975

1,108

972

915

929

979

942

890

870

889

819

801

796

847

772

782

770

816

752

675

697

664

682

688

622

585

527

550

573

479

554

561

550

538

550

540

581

FDIC insurance premiums

173

0

0

231

208

276

337

334

279

246

259

263

240

158

210

207

214

223

221

216

230

240

245

254

265

279

280

294

290

303

303

305

301

287

298

405

401

503

476

477

475

Amortization of identified intangibles

11

11

10

11

11

11

10

11

11

11

10

11

11

11

10

11

11

11

11

11

25

81

82

81

82

81

82

81

82

71

71

70

71

71

71

70

71

70

71

71

71

Other operating expense

4,005

2,647

2,552

2,405

2,142

2,126

1,863

2,038

2,171

1,989

1,946

2,000

1,983

1,818

1,846

2,051

2,003

2,187

2,363

1,960

1,875

2,589

2,158

2,199

1,899

1,904

1,861

2,318

2,374

1,960

1,983

2,282

1,735

2,150

2,394

1,908

1,940

1,942

1,669

1,617

2,016

Total non-interest expense

11,043

9,004

9,040

8,730

8,398

8,496

8,216

8,176

8,579

8,300

8,013

7,640

7,698

7,533

7,405

7,245

7,200

7,944

7,707

6,980

7,265

7,875

7,802

7,291

7,252

7,119

7,006

7,423

7,389

6,768

6,595

6,730

6,178

6,366

6,934

6,250

6,488

6,725

6,228

5,895

6,282

Income before income taxes

7,696

7,947

7,468

7,575

7,270

7,585

7,021

6,774

6,462

6,868

6,684

6,527

6,121

5,790

6,218

6,337

6,118

5,014

5,579

5,532

5,595

4,474

5,508

4,902

4,391

4,441

4,320

4,067

3,562

3,912

4,167

4,284

3,696

3,880

3,874

4,207

4,194

4,144

4,292

4,244

3,514

Income tax expense

1,201

1,261

1,180

1,180

1,114

1,222

1,088

1,040

956

1,782

1,702

1,644

1,484

1,470

1,656

1,713

1,615

1,245

1,391

1,458

1,420

1,048

1,400

1,155

963

939

955

825

706

683

944

961

783

858

868

1,014

1,051

1,067

1,097

1,084

830

Net Income (Loss) Attributable to Parent

6,495

6,686

6,288

6,395

6,156

6,363

5,933

5,734

5,506

5,086

4,982

4,883

4,637

4,320

4,562

4,624

4,503

3,769

4,188

4,074

4,175

3,426

4,108

3,747

3,428

3,502

3,365

3,242

2,856

3,229

3,223

3,323

2,913

3,022

3,006

3,193

3,143

3,077

3,195

3,160

2,684

Less dividends and amortization of premium on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

337

337

337

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,806

-

2,858

2,823

2,347

Basic earnings per common share (usd per share)

0.60

0.62

0.58

0.59

0.57

0.59

0.55

0.53

0.51

0.48

0.46

0.45

0.43

0.40

0.43

0.43

0.42

0.36

0.39

0.38

0.39

0.32

0.39

0.35

0.32

0.33

0.31

0.29

0.27

0.31

0.31

0.32

0.28

0.29

0.27

0.29

0.29

0.28

0.29

0.29

0.24

Diluted earnings per common share (usd per share)

0.60

0.60

0.58

0.59

0.57

0.58

0.55

0.53

0.51

0.47

0.46

0.45

0.43

0.39

0.42

0.43

0.42

0.35

0.39

0.38

0.39

0.32

0.38

0.35

0.32

0.33

0.31

0.29

0.27

0.31

0.31

0.32

0.28

0.29

0.27

0.29

0.29

0.28

0.29

0.29

0.24

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

4,233

-29

936

4,289

3,512

4,082

-1,888

-1,035

-3,309

-1,562

-240

349

1

-3,643

-1,292

1,025

1,852

-1,195

1,330

-1,591

57

1,295

-319

3,313

4,824

-2,379

-779

-8,907

-2,466

-1,548

1,962

438

-313

-754

5,957

3,587

668

-

-

-

-

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

8

7

1

4

3

-3

-5

-7

-8

-3

-3

-4

-4

-5

9

-10

-11

-13

-15

-17

-19

-20

-28

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized loss on cash flow hedging derivative instruments

-4,870

-

-340

-898

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized loss on cash flow hedging derivative instruments

-

362

-

-

-465

-844

216

138

384

-

-20

-171

63

1,105

193

-135

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrecognized gain (loss) on postretirement benefits

-

13

-

-

-

-184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-303

0

-4

-4

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of unrecognized postretirement benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

5

-

4

5

5

-

-

-

-

Other comprehensive income (loss)

-629

327

597

3,395

3,050

3,419

-1,677

-904

-2,933

-1,349

-263

174

60

-2,489

-1,090

880

1,841

-1,239

1,315

-1,608

38

962

-347

3,313

4,824

-2,076

-779

-8,903

-2,462

-1,599

1,967

443

-308

-

-

-

-

-

-

-

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,961

3,592

673

-

-

-

-

Comprehensive income

5,866

7,013

6,885

9,790

9,206

9,782

4,256

4,830

2,573

3,737

4,719

5,057

4,697

1,831

3,472

5,504

6,344

2,530

5,503

2,466

4,213

4,388

3,761

7,060

8,252

1,426

2,586

-5,661

394

1,630

5,190

3,766

2,605

2,240

8,967

6,785

3,816

-

-

-

-

Weighted average number of shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,764

9,756

9,750

Incremental shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

5

4

Cash dividends declared per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.19

0.19

0.19

Investment management and fiduciary income
Non-interest income

894

859

822

864

773

745

743

802

740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts
Non-interest income

577

583

577

609

561

570

527

570

527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

504

682

576

355

296

523

350

361

331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-