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First National Bank

Damariscotta, ME · Cert 4256 · First Bcorp Inc. the

National charter · OCC · 18 branches

Q2 2026

$3.2BAssets
$2.4BLoans
$2.7BDeposits
$264.2MEquity
Loan mix
82%RE $1.9B17%C&I $0.4B1%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
89%Interest-bearing $2.4B11%Noninterest $0.3BQ3 2024Q2 2026

Market Position · Bangor, ME · 2026 SOD (annual) · 3.0% share · #8 of 9 inst. · $0.1B of $4.9B

76.9% Lincoln
13.3% Hancock
17.5% Knox
3.0% Penobscot

Executive Summary

  • Earnings: ROA of 1.22%, up 22 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.75% of loans (+47 bps YoY), with net charge-offs at 0.20%.
  • Capital: tier 1 leverage ratio of 9.20%, up 73 bps from a year ago.
  • Funding: loans stand at 90.42% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.22%+22 bps YoY

Net Interest Margin (YTD, annualized)

2.66%+37 bps YoY

Efficiency Ratio (YTD, annualized)

51.24%-357 bps YoY

Tier 1 Leverage Ratio

9.20%+73 bps YoY

NIM

4.75%Q2 ’244.94%Q2 ’254.99%Q2 ’26+14%+16%

Non-interest income vs. expense

1.47%Q2 ’241.52%Q2 ’251.64%Q2 ’26+5%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.93%0.95%1.00%1.06%1.13%1.18%1.22%+22 bps
Return on Equity12.56%12.79%13.10%13.67%14.28%14.89%14.54%14.86%+119 bps
Net Interest Margin2.04%2.06%2.28%2.30%2.38%2.45%2.65%2.66%+37 bps
Efficiency Ratio58.28%57.08%57.02%54.81%53.33%52.34%52.56%51.24%-357 bps
Non-Interest Burden0.99%0.97%1.09%1.04%1.03%1.04%1.14%1.10%+6 bps
Growth
Asset Growth (YoY)6.85%7.22%7.11%3.76%1.79%0.30%0.42%0.52%-325 bps
Loan Growth (YoY)10.92%9.93%9.63%6.51%3.97%2.27%0.92%1.25%-526 bps
Deposit Growth (YoY)3.96%4.85%6.38%4.95%1.29%-2.22%-1.72%-0.95%-589 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.23%0.28%0.27%0.46%0.57%0.70%0.75%+47 bps
Net Charge-Offs / Loans0.01%0.02%0.03%0.07%0.07%0.06%0.13%0.20%+13 bps
Allowance / Loans1.04%1.06%1.05%1.04%1.05%1.06%1.05%1.01%-2 bps
Allowance Coverage of NPLs8.3x4.7x3.7x3.8x2.3x1.9x1.5x1.4x-2.5x
Capital
Tier 1 Leverage Ratio8.39%8.32%8.40%8.47%8.62%8.82%9.08%9.20%+73 bps
Total Risk-Based Capital13.06%13.16%13.07%13.26%13.50%13.95%14.00%14.18%+92 bps
Equity / Assets7.34%7.16%7.33%7.48%7.77%8.12%8.15%8.31%+82 bps
Liquidity & Funding
Loans / Deposits85.34%85.86%87.87%88.46%87.60%89.81%90.24%90.42%+196 bps
Liquid Assets / Assets12.71%12.56%11.79%11.74%11.70%11.37%12.14%11.16%-58 bps
CRE / Total Capitaln/an/an/an/a367%360%350%n/an/a