• Performance & History

    Performance Summary

    The First Bancorp's 2015 performance was very strong, resulting in record results. Net income for the year ended December 31, 2015 was $16.2 million, up $1.5 million or 10.2% from 2014, making 2015 our best year ever, surpassing our previous best year in 2014.

    The following table provides a Performance Summary for The First Bancorp for the year ended 2015. To view a Ten Year Performance Summary please click here.

     

     
     
         
    Year ended December 31,

    2015

    Dollars in thousands, except for per share amounts  

     
     


    Summary of Operations
    Operating Income

    $63,040 

    Operating Expense

       39,770 

    Net Interest Income

      40,936 

    Provision for Loan Losses

        1,550

    Net Income

    16,206 

     

     

    Per Common Share Data


    Net Income

     

       Basic

    1.52 

       Diluted

     1.51 

    Cash Dividends Declared

    0.870  

    Book Value

    15.58 

    Market Value

    20.47 

     

     

    Financial Ratios  


    Return on Average Equity

    9.74%

    Return on Average Tangible Equity

    11.90%

    Return on Average Assets

    1.07%

    Average Equity to Average Assets

    11.00%

    Average Tangible Equity to Average Assets

    9.01%

    Net Interest Margin

    3.10% 

    Dividend Payout Ratio

    57.24%

    Allowance for Loan Losses/Total Loans

    1.00% 

    Non-Performing Loans to Total Loans

    0.75%

    Non-Performing Assets to Total Assets

    0.57%

    Efficiency Ratio

    54.26%

       
    At Year End
    Total Assets

    $1,564,810 

    Total Loans

    988,638 

    Total Investment Securities

    477,319 

    Total Deposits

    1,043,189  

    Total Shareholders’ Equity

    167,498  

    The information presented in this table has been compiled from historical resources and is believed to be accurate.
    Past performance is no guarantee of future results.