Over the past ten years, net income for The First Bancorp has increased $4.9 million, from $13.1 million in 2007 to $18.0 million in 2016. The Company's total assets grew nearly $0.5 million, during the period.
It is the result of a clear and focused strategy - opening new branches accompanied by organic growth within our established branch offices. In 2005, this growth was accelerated through the acquisition of FNB Bankshares of Bar Harbor, Maine, which added nearly $230 million of assets to The First Bancorp.
The following table presents historical information about The First Bancorp from 1966 to 2016: