XML 36 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6

Borrowed Funds

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements [Abstract]

Borrowed Funds

Note 12. Borrowed Funds

Borrowed funds consist of advances from the Federal Home Loan Bank of Boston (FHLB), Treasury Tax & Loan Notes, and securities sold under agreements to repurchase with municipal and commercial customers. Pursuant to

collateral agreements, FHLB advances are collateralized by all stock in FHLB, qualifying first mortgage loans, U.S. Government and Agency securities not pledged to others, and funds on deposit with FHLB. As of December 31, 2011, the Bank's total FHLB borrowing capacity, based on its holding of FHLB stock, was $260,068,000 of which $84,920,000 was unused and available for additional borrowings. All FHLB advances as of December 31, 2011, had fixed rates of interest until their respective maturity dates. Under the Treasury Tax & Loan Note program, the Bank accumulates tax deposits made by customers and is eligible to receive Treasury Direct investments up to an established maximum balance. Securities sold under agreements to repurchase include U.S. agencies securities and other securities. Repurchase agreements have maturity dates ranging from one to 365 days. The Bank also has in place $31.0 million in credit lines with correspondent banks and a credit facility of $103,096,000 with the Federal Reserve Bank of Boston using commercial and home equity loans as collateral which are currently not in use.

Borrowed funds at December 31, 2011 and 2010 have the following range of interest rates and maturity dates:

As of December 31, 2011
Federal Home Loan Bank Advances
2012			0.15%-0.32	%		$	44,985,000
2013			-				-
2014			2.73%-3.20	%			10,000,000
2015			2.03%-2.98	%			40,000,000
2016			1.31%-1.39	%			30,000,000
2017 and thereafter			0.00%-3.69	%			50,163,000
							175,148,000
Treasury Tax & Loan Notes (rate at December 31, 2011 was 0.00%)		variable					-
Repurchase agreements
Municipal and commercial customers			0.40%-2.09	%			90,515,000
						$	265,663,000

As of December 31, 2010
Federal Home Loan Bank Advances
2011			0.23% - 0.52	%		$	68,441,000
2012			4.39	%			10,000,000
2013			3.49	%			10,000,000
2014			2.73% - 3.89	%			20,000,000
2015			2.03% - 2.98	%			40,000,000
2016 and thereafter			0.00% - 3.69	%			50,170,000
							198,611,000
Treasury Tax & Loan Notes (rate at December 31, 2010 was 0.00%)		variable					1,427,000
Repurchase agreements
Municipal and commercial customers			0.65% - 2.34	%			57,292,000
						$	257,330,000

X

- Details

Name:	fnlc_NotesToFinancialStatementsAbstract
Namespace Prefix:	fnlc_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 20, 22

-Article 5



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 129

-Paragraph 2, 4

+ Details

Name:	us-gaap_DebtDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	us-types:textBlockItemType
Balance Type:	na
Period Type:	duration