First National Bank (Damariscotta, ME)
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Data as of · sourced from FFIEC call reports. How we update
First National Bank is an FDIC-insured commercial bank headquartered in Damariscotta, ME, established in 1864 (FDIC certificate 4256), and it is supervised by the OCC. At Q2 2026 it reported total assets of $3.18B, up 0.5% from Q2 2025, the 5th largest of 22 banks headquartered in Maine. Its CET1 capital ratio was 13.05% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 4256
- Headquarters
- Damariscotta, ME
- Established
- 1864
- Total assets, Q2 2026
- $3.18B
- Assets vs Q2 2025
- +0.5%
- CET1 ratio, Q2 2026
- 13.05%
- Domestic offices
- 18 FDIC institution directory, current count
- Routing number
- 011201830
- Holding company
- FIRST BANCORP, INC., THE
- Asset rank in state
- 5th of 22 in Maine
Problem loans are rising at First National Bank. The Damariscotta, Maine bank had $3.2 billion in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.75% of loans from 0.27% a year earlier. It keeps 2.84 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it holds about a fifth of its deposits (17%) above the FDIC insurance limit, lower than about three-quarters of banks its size (median 30.9%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $82 million equal 28% of Tier 1 capital, down from 38% a year earlier. Net income for the quarter rose 19% from a year earlier, to $9.9 million. Where it has less room is capital: it funds 9.20% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.52%).
As of June 30, 2026, First National Bank reported a CET1 capital ratio of 13.05%, a return on assets of 1.24%, a nonperforming-loan ratio of 0.75% and a Texas ratio of 6.33%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First National Bank is the 5th largest of the 22 banks headquartered in Maine. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.5% to $3.18B, loans rose 0.8% and deposits rose 0.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 37.6% of total loans, ahead of non-owner-occupied commercial real estate loans at 16.5%. The FDIC Summary of Deposits lists 18 offices for it, in 17 cities in ME; its Damariscotta office books 46% of its branch deposits. Judged on its Q2 2026 call report, First National Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 223 Main St, Damariscotta, ME 04543
- County
- Lincoln
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- April 19, 1864
- Former names
- The First, N.A. (2005-2016)
- Domestic offices
- 18 FDIC institution directory, current count
- Employees (FTE)
- 278
- Domestic deposits
- $2.68B
- Allowance for credit losses
- $24.6M
- Net charge-offs (YTD)
- $2.4M
- Average total assets
- $3.19B
- Average total loans
- $2.42B
- Average interest-bearing deposits
- $2.40B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 4256
- Fed RSSD
- 439404
- SEC CIK
- 765207 → filed by FIRST BANCORP, INC., THE
- Website
- www.thefirst.com →
- Parent Holding Company
- FIRST BANCORP, INC., THE (RSSD 1133932) · FNLC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Tony C Mckim | CEO | President & CEO |
| Richard M Elder | CFO | EVP, CFO |
| Tammy L Plummer | CIO | EVP, Chief Information Officer |
| Brown Jody Lynn | CRO | EVP, Chief Risk Officer |
| Austin Christopher Jay | GC | EVP, Chief Legal Counsel |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First National Bank's total assets ran between $2.91B (Q3 2023) and $3.18B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.18B total assets against $3.16B; $2.92B total liabilities against $2.93B.
$2.40B net loans and leases against $2.37B; $2.68B total deposits against $2.71B.
$628.2M securities against $646.3M; $32.5M cash and balances due against $30.6M.
$40.1M total interest income against $40.1M; $18.7M total interest expense against $21.4M.
$21.5M net interest income against $18.6M.
$4.3M total noninterest income against $3.9M; $12.9M total noninterest expense against $11.9M.
$934K provision for credit losses against $486K.
$9.9M net income against $8.3M.
1.24% return on assets against 1.04%; 2.84% net interest margin against 2.47%.
13.05% CET1 capital ratio against 12.10%; 9.20% tier 1 leverage ratio against 8.47%.
Inside the full First National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
First National Bank rankings
Its closest position to the top of a national ranking is 398 of 4,196, for total assets; its furthest is 864 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.94% (Q1 2025) to 1.30% (Q4 2025) and its net interest margin ran from 2.29% (Q3 2024) to 2.84% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.05% | 1.24% | 0.75% | 6.33% | 2.84% |
| Q1 2026 | 12.84% | 1.18% | 0.70% | 5.99% | 2.79% |
| Q4 2025 | 12.77% | 1.30% | 0.57% | 4.91% | 2.81% |
| Q3 2025 | 12.33% | 1.17% | 0.46% | 4.15% | 2.68% |
| Q2 2025 | 12.10% | 1.04% | 0.27% | 2.51% | 2.47% |
| Q1 2025 | 11.91% | 0.94% | 0.28% | 2.67% | 2.40% |
| Q4 2024 | 11.98% | 0.95% | 0.23% | 2.22% | 2.39% |
| Q3 2024 | 11.91% | 1.01% | 0.13% | 1.24% | 2.29% |
Swipe the table sideways to see every column.
Branch Network
View all 18 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First National Bank (main office) | Damariscotta , ME | 04543 | $1.23B |
| Boothbay Harbor Branch | Boothbay Harbor , ME | 04538 | $184.0M |
| Bar Harbor Branch | Bar Harbor , ME | 04609 | $124.1M |
| Wiscasset Branch | Wiscasset , ME | 04578 | $123.5M |
| Ellsworth Office | Ellsworth , ME | 04605 | $116.8M |
| Rockland Branch | Rockland , ME | 04841 | $113.9M |
| Waldoboro Branch | Waldoboro , ME | 04572 | $110.3M |
| Bangor Branch | Bangor , ME | 04401 | $109.4M |
| Rockland Branch | Rockland , ME | 04841 | $106.4M |
| Calais Branch | Calais , ME | 04619 | $78.2M |
| Blue Hill Branch | Blue Hill , ME | 04614 | $71.3M |
| Rockport Branch | Rockport , ME | 04856 | $67.7M |
| Southwest Harbor Branch | Southwest Harbor , ME | 04679 | $52.9M |
| Eastport Branch | Eastport , ME | 04631 | $48.4M |
| Belfast Branch | Belfast , ME | 04915 | $46.8M |
| Camden Branch | Camden , ME | 04843 | $41.5M |
| First National Bank - Brewer Branch | Brewer , ME | 04412 | $40.4M |
| Northeast Harbor Branch | Northeast Harbor , ME | 04662 | $18.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 15, 2005 | Structure Change | Acquired The First National Bank of Bar Harbor Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 14, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 5.9% of deposits in ME, rank 6 of 29 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 910 applications, 722 loans originated, $181.7M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $250K approved, $250K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First National Bank
What are First National Bank's total assets?
As of the Q2 2026 filing, First National Bank reported total assets of $3.18 billion in its FFIEC call report.
Where is First National Bank headquartered?
It is headquartered in Damariscotta, ME, United States.
When was First National Bank founded?
It was established in 1864, per the FDIC institution directory.
Is First National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #4256). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank?
First National Bank's primary federal regulator is the OCC.
What is First National Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.05% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First National Bank operate?
It operates 18 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First National Bank's Texas Ratio?
Its Texas Ratio is 6.33% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was First National Bank previously called?
The charter now named First National Bank has also operated as The First, N.A. (2005-2016), per FDIC structure-change records.
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