FIRST BANCORP, INC FNLC Income Statement

First bancorp, inc (FNLC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'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)
60,538	59,239	58,834	57,576	55,714	53,548	51,122	49,035	47,112	45,373	43,652	42,025	40,914	39,996	39,132	38,346	37,499	36,620	36,229	35,894	35,379	35,102	34,777	34,587	34,683	34,897	35,260	35,797	36,426	37,026	37,723	38,436	39,024	39,805	40,649	41,825	42,926	43,903	0	0	0
Interest on deposits with other banks
194	188	255	322	299	242	138	46	48	52	51	37	34	22	20	14	17	19	17	15	8	5	6	7	8	8	7	7	6	4	6	11	10	12	10	6	6	6	0	0	0
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)
19,345	19,224	18,706	18,079	17,347	16,753	16,304	15,914	15,632	15,407	14,907	14,314	14,026	13,741	14,045	14,387	14,205	14,171	14,316	14,689	15,377	15,915	16,216	16,191	15,603	15,031	14,596	14,296	14,552	14,795	14,955	15,243	15,520	15,885	15,832	15,332	14,449	13,351	0	0	0
Total interest income
80,077	78,651	77,795	75,977	73,360	70,543	67,564	64,995	62,792	60,832	58,610	56,376	54,974	53,759	53,197	52,747	51,721	50,810	50,562	50,598	50,764	51,022	50,999	50,785	50,294	49,936	49,863	50,100	50,984	51,825	52,684	53,690	54,554	55,702	56,491	57,163	57,381	57,260	0	0	0
Interest expense
Interest on deposits
22,877	23,268	22,578	20,869	18,448	15,970	13,841	12,040	10,584	9,479	8,415	7,480	6,669	6,028	5,672	5,370	5,195	5,285	5,676	6,217	6,705	7,087	7,368	7,614	7,835	7,997	8,061	8,111	8,190	8,396	8,638	8,962	9,376	9,746	10,076	10,327	10,380	10,297	0	0	0
Interest on borrowed funds
2,688	2,890	3,147	3,728	4,213	4,364	4,301	4,115	3,972	4,050	4,362	4,488	4,611	4,784	4,671	4,541	4,563	4,589	4,548	4,550	4,471	4,338	4,420	4,459	4,471	4,499	4,530	4,552	4,550	4,542	4,615	4,739	4,884	4,963	5,101	5,497	5,928	6,374	0	0	0
Total interest expense
25,565	26,158	25,725	24,597	22,661	20,334	18,142	16,155	14,556	13,529	12,777	11,968	11,280	10,812	10,343	9,911	9,758	9,874	10,224	10,767	11,176	11,425	11,788	12,073	12,306	12,496	12,591	12,663	12,740	12,938	13,253	13,701	14,260	14,709	15,177	15,824	16,308	16,671	0	0	0
Net interest income
54,512	52,493	52,070	51,380	50,699	50,209	49,422	48,840	48,236	47,303	45,833	44,408	43,694	42,947	42,854	42,836	41,963	40,936	40,338	39,831	39,588	39,597	39,211	38,712	37,988	37,440	37,272	37,437	38,244	38,887	39,431	39,989	40,294	40,993	41,314	41,339	41,073	40,589	0	0	0
Provision for loan losses
1,275	1,250	1,042	1,125	1,375	1,500	1,583	2,000	2,000	2,000	2,225	1,850	1,725	1,600	1,575	1,400	1,425	1,550	1,400	1,550	1,250	1,150	1,550	2,000	3,100	4,200	5,035	5,635	7,235	7,835	11,250	11,350	10,550	10,550	7,700	8,000	8,100	8,400	0	0	0
Net interest income after provision for loan losses
53,237	51,243	51,028	50,255	49,324	48,709	47,839	46,840	46,236	45,303	43,608	42,558	41,969	41,347	41,279	41,436	40,538	39,386	38,938	38,281	38,338	38,447	37,661	36,712	34,888	33,240	32,237	31,802	31,009	31,052	28,181	28,639	29,744	30,443	33,614	33,339	32,973	32,189	0	0	0
Non-interest income
Net securities gains
976	224	15	1	1	137	605	604	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment management and fiduciary income
-	-	-	-	-	-	-	-	-	-	-	-	2,479	-	2,357	2,314	2,280	2,258	2,226	2,195	2,163	2,139	2,100	2,053	1,987	1,919	1,844	1,760	1,689	1,636	1,596	1,568	1,478	1,506	1,479	1,450	1,468	1,455	0	0	0
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	2,165	-	2,294	2,330	2,379	2,384	2,407	2,441	2,465	2,505	2,556	2,634	2,727	2,756	2,775	2,743	2,681	2,671	2,651	2,688	2,686	2,688	2,676	2,684	2,769	2,838	0	0	0
Net securities gains
-	-	-	-	-	-	-	-	-	-	-	-	140	-	671	535	540	1,399	1,406	2,510	2,514	1,155	1,145	40	824	1,087	1,088	1,088	1,744	1,968	5,023	5,031	3,816	3,293	237	229	0	2	0	0	0
Mortgage origination and servicing income, net of amortization
-	-	-	-	-	-	-	-	-	-	-	-	2,395	-	1,999	1,491	1,490	1,558	1,462	1,330	982	979	955	1,047	1,378	2,080	2,277	2,479	2,448	1,396	1,147	790	523	1,138	1,735	1,835	1,977	1,796	0	0	0
Other operating income
6,388	6,408	6,248	6,119	5,790	5,674	5,672	5,619	5,486	5,463	5,315	5,272	5,199	4,986	4,881	5,038	4,847	4,631	4,568	4,274	4,250	4,270	4,289	4,236	4,215	4,245	4,226	4,011	3,836	3,607	3,298	3,226	3,138	3,125	3,075	2,991	3,023	3,044	0	0	0
Total non-interest income
15,266	14,189	13,534	13,036	12,612	12,600	12,557	13,016	12,837	12,548	12,398	12,374	12,378	12,499	12,202	11,708	11,536	12,230	12,069	12,750	12,374	11,048	11,045	10,010	11,131	12,087	12,210	12,081	12,398	11,278	13,715	13,303	11,641	11,750	9,202	9,189	9,237	9,135	0	0	0
Non-interest expense
Salaries and employee benefits
19,011	18,396	18,109	17,704	17,561	17,641	17,721	17,528	17,121	16,601	16,189	15,853	15,587	15,215	15,272	15,125	14,958	15,080	14,566	14,830	14,913	14,890	14,966	14,531	14,528	14,305	13,813	13,483	13,081	12,691	12,475	12,442	12,252	12,245	12,520	12,379	12,259	11,927	0	0	0
Occupancy expense
2,619	2,558	2,495	2,425	2,388	2,435	2,455	2,470	2,475	2,400	2,394	2,394	2,359	2,313	2,275	2,242	2,245	2,312	2,299	2,260	2,248	2,215	2,181	2,152	2,115	2,050	1,949	1,889	1,772	1,639	1,636	1,575	1,548	1,583	1,601	1,587	1,591	1,536	0	0	0
Furniture and equipment expense
4,131	3,990	4,077	4,080	3,970	3,924	3,795	3,765	3,740	3,681	3,591	3,468	3,379	3,305	3,263	3,216	3,197	3,171	3,140	3,120	3,013	2,940	2,788	2,718	2,731	2,656	2,577	2,422	2,284	2,235	2,129	2,156	2,167	2,144	2,203	2,199	2,178	2,209	0	0	0
FDIC insurance premiums
404	439	715	1,052	1,155	1,226	1,196	1,118	1,047	1,008	920	871	815	789	854	865	874	890	907	931	969	1,004	1,043	1,078	1,118	1,143	1,167	1,190	1,201	1,212	1,196	1,191	1,291	1,391	1,607	1,785	1,857	1,931	0	0	0
Amortization of identified intangibles
43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	44	44	58	128	199	269	326	326	326	326	326	316	305	294	283	283	283	283	283	282	282	283	283	0	0	0
Other operating expense
11,609	9,746	9,225	8,536	8,169	8,198	8,061	8,144	8,106	7,918	7,747	7,647	7,698	7,718	8,087	8,604	8,513	8,385	8,787	8,582	8,821	8,845	8,160	7,863	7,982	8,457	8,513	8,635	8,599	7,960	8,150	8,561	8,187	8,392	8,184	7,459	7,168	7,244	0	0	0
Total non-interest expense
37,817	35,172	34,664	33,840	33,286	33,467	33,271	33,068	32,532	31,651	30,884	30,276	29,881	29,383	29,794	30,096	29,831	29,896	29,827	29,922	30,233	30,220	29,464	28,668	28,800	28,937	28,586	28,175	27,482	26,271	25,869	26,208	25,728	26,038	26,397	25,691	25,336	25,130	0	0	0
Income before income taxes
30,686	30,260	29,898	29,451	28,650	27,842	27,125	26,788	26,541	26,200	25,122	24,656	24,466	24,463	23,687	23,048	22,243	21,720	21,180	21,109	20,479	19,275	19,242	18,054	17,219	16,390	15,861	15,708	15,925	16,059	16,027	15,734	15,657	16,155	16,419	16,837	16,874	16,194	0	0	0
Income tax expense
4,822	4,735	4,696	4,604	4,464	4,306	4,866	5,480	6,084	6,612	6,300	6,254	6,323	6,454	6,229	5,964	5,709	5,514	5,317	5,326	5,023	4,566	4,457	4,012	3,682	3,425	3,169	3,158	3,294	3,371	3,546	3,470	3,523	3,791	4,000	4,229	4,299	4,078	0	0	0
Net Income (Loss) Attributable to Parent
25,864	25,525	25,202	24,847	24,186	23,536	22,259	21,308	20,457	19,588	18,822	18,402	18,143	18,009	17,458	17,084	16,534	16,206	15,863	15,783	15,456	14,709	14,785	14,042	13,537	12,965	12,692	12,550	12,631	12,688	12,481	12,264	12,134	12,364	12,419	12,608	12,575	12,116	0	0	0
Less dividends and amortization of premium on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
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
9,429	8,708	12,819	9,995	4,671	-2,150	-7,794	-6,146	-4,762	-1,452	-3,533	-4,585	-3,909	-2,058	390	3,012	396	-1,399	1,091	-558	4,346	9,113	5,439	4,979	-7,241	-14,531	-13,700	-10,959	-1,614	539	1,333	5,328	8,477	9,458	0	0	0	-	-	-	-
Net unrealized gain on securities transferred from available for sale to held to maturity, net of amortization
20	15	5	-1	-12	-23	-23	-21	-18	-14	-16	-4	-10	-17	-25	-49	-56	-64	-71	-84	-67	-48	-28	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized loss on cash flow hedging derivative instruments
0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized loss on cash flow hedging derivative instruments
-	0	-	-	-955	-106	973	737	428	-	977	1,190	1,226	1,163	58	-135	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrecognized gain (loss) on postretirement benefits
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-311	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unrecognized postretirement benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Other comprehensive income (loss)
3,690	7,369	10,461	8,187	3,888	-2,095	-6,863	-5,449	-4,371	-1,378	-2,518	-3,345	-2,639	-858	392	2,797	309	-1,494	707	-955	3,966	8,752	5,714	5,282	-6,934	-14,220	-13,743	-10,997	-1,651	503	0	0	0	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Comprehensive income
29,554	32,894	35,663	33,034	28,074	21,441	15,396	15,859	16,086	18,210	16,304	15,057	15,504	17,151	17,850	19,881	16,843	14,712	16,570	14,828	19,422	23,461	20,499	19,324	6,603	-1,255	-1,051	1,553	10,980	13,191	13,801	17,578	20,597	21,808	0	0	0	-	-	-	-
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
3,439	3,318	3,204	3,125	3,063	3,030	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Non-interest income
2,346	2,330	2,317	2,267	2,228	2,194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage origination and servicing income, net of amortization
Non-interest income
2,117	1,909	1,750	1,524	1,530	1,565	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-