XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.1

Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Allowance for Loan Losses by Class of Financing Receivable and Allowance

A breakdown of the allowance for loan losses as of March 31, 2021, December 31, 2020, and March 31, 2020, by class of financing receivable and allowance element, is presented in the following tables:

As of March 31, 2021			Specific Reserves on Loans Evaluated Individually for Impairment						General Reserves on Loans Based on Historical Loss Experience						Reserves for Qualitative Factors						Unallocated Reserves						Total Reserves
Commercial
Real estate			$	174,000					$	797,000					$	4,770,000					$	—					$	5,741,000
Construction			21,000						90,000						538,000						—						649,000
Other			563,000						503,000						3,014,000						—						4,080,000
Municipal			—						—						185,000						—						185,000
Residential
Term			142,000						259,000						2,561,000						—						2,962,000
Construction			—						12,000						119,000						—						131,000
Home equity line of credit			—						130,000						817,000						—						947,000
Consumer			—						285,000						587,000						—						872,000
Unallocated			—						—						—						1,027,000						1,027,000
			$	900,000					$	2,076,000					$	12,591,000					$	1,027,000					$	16,594,000

As of December 31, 2020			Specific Reserves on Loans Evaluated Individually for Impairment						General Reserves on Loans Based on Historical Loss Experience						Reserves for Qualitative Factors						Unallocated Reserves						Total Reserves
Commercial
Real estate			$	112,000					$	721,000					$	4,345,000					$	—					$	5,178,000
Construction			18,000						92,000						552,000						—						662,000
Other			169,000						465,000						2,804,000						—						3,438,000
Municipal			—						—						171,000						—						171,000
Residential
Term			163,000						145,000						2,271,000						—						2,579,000
Construction			—						6,000						96,000						—						102,000
Home equity line of credit			—						151,000						1,060,000						—						1,211,000
Consumer			—						282,000						496,000						—						778,000
Unallocated			—						—						—						2,134,000						2,134,000
			$	462,000					$	1,862,000					$	11,795,000					$	2,134,000					$	16,253,000

As of March 31, 2020			Specific Reserves on Loans Evaluated Individually for Impairment						General Reserves on Loans Based on Historical Loss Experience						Reserves for Qualitative Factors						Unallocated Reserves						Total Reserves
Commercial
Real estate			$	230,000					$	687,000					$	2,945,000					$	—					$	3,862,000
Construction			3,000						80,000						341,000						—						424,000
Other			172,000						426,000						1,829,000						—						2,427,000
Municipal			—						—						29,000						—						29,000
Residential
Term			233,000						300,000						693,000						—						1,226,000
Construction			—						10,000						22,000						—						32,000
Home equity line of credit			296,000						168,000						548,000						—						1,012,000
Consumer			58,000						228,000						439,000						—						725,000
Unallocated			—						—						—						2,121,000						2,121,000
			$	992,000					$	1,899,000					$	6,846,000					$	2,121,000					$	11,858,000

Schedule of Risk Ratings for Loans

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of March 31, 2021:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	1,716,000					$	16,000					$	1,732,000
2 Above Average			7,663,000						187,000						4,560,000						47,632,000						60,042,000
3 Satisfactory			94,014,000						2,837,000						107,116,000						367,000						204,334,000
4 Average			279,879,000						37,779,000						128,120,000						1,461,000						447,239,000
5 Watch			77,299,000						12,375,000						49,186,000						—						138,860,000
6 OAEM			2,261,000						—						65,000						—						2,326,000
7 Substandard			8,858,000						216,000						6,725,000						—						15,799,000
8 Doubtful			—						—						—						—						—
Total			$	469,974,000					$	53,394,000					$	297,488,000					$	49,476,000					$	870,332,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of December 31, 2020:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	2,402,000					$	19,000					$	2,421,000
2 Above Average			5,938,000						2,343,000						6,326,000						41,939,000						56,546,000
3 Satisfactory			91,475,000						2,889,000						104,432,000						369,000						199,165,000
4 Average			261,539,000						31,221,000						120,570,000						1,456,000						414,786,000
5 Watch			72,840,000						19,893,000						44,293,000						—						137,026,000
6 OAEM			2,754,000						—						234,000						—						2,988,000
7 Substandard			7,575,000						219,000						6,758,000						—						14,552,000
8 Doubtful			—						—						—						—						—
Total			$	442,121,000					$	56,565,000					$	285,015,000					$	43,783,000					$	827,484,000

The following table summarizes the risk ratings for the Company's commercial real estate, commercial construction, commercial other, and municipal loans as of March 31, 2020:

			Commercial Real Estate						Commercial Construction						Commercial Other						Municipal Loans						All Risk- Rated Loans
1 Strong			$	—					$	—					$	4,559,000					$	28,000					$	4,587,000
2 Above Average			10,222,000						842,000						5,933,000						40,340,000						57,337,000
3 Satisfactory			83,905,000						1,873,000						40,255,000						372,000						126,405,000
4 Average			203,263,000						26,029,000						131,664,000						2,797,000						363,753,000
5 Watch			68,618,000						14,702,000						46,357,000						—						129,677,000
6 OAEM			1,834,000						—						2,824,000						—						4,658,000
7 Substandard			14,911,000						467,000						6,304,000						—						21,682,000
8 Doubtful			—						—						—						—						—
Total			$	382,753,000					$	43,913,000					$	237,896,000					$	43,537,000					$	708,099,000

Schedule of Allowance for Loan Losses Transactions

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2021, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2021:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 2021
Beginning balance			$	5,178,000		$	662,000		$	3,438,000		$	171,000		$	2,579,000		$	102,000		$	1,211,000		$	778,000		$	2,134,000		$	16,253,000
Charge offs			5,000			—			142,000			—			29,000			—			—			103,000			—			279,000
Recoveries			65,000			—			—			—			6,000			—			1,000			23,000			—			95,000
Provision (credit)			503,000			(13,000)			784,000			14,000			406,000			29,000			(265,000)			174,000			(1,107,000)			525,000
Ending balance			$	5,741,000		$	649,000		$	4,080,000		$	185,000		$	2,962,000		$	131,000		$	947,000		$	872,000		$	1,027,000		$	16,594,000
Allowance for loan losses as of March 31, 2021
Ending balance specifically evaluated for impairment			$	174,000		$	21,000		$	563,000		$	—		$	142,000		$	—		$	—		$	—		$	—		$	900,000
Ending balance collectively evaluated for impairment			$	5,567,000		$	628,000		$	3,517,000		$	185,000		$	2,820,000		$	131,000		$	947,000		$	872,000		$	1,027,000		$	15,694,000
Related loan balances as of March 31, 2021
Ending balance			$	469,974,000		$	53,394,000		$	297,488,000		$	49,476,000		$	520,317,000		$	24,796,000		$	77,210,000		$	24,117,000		$	—		$	1,516,772,000
Ending balance specifically evaluated for impairment			$	3,201,000		$	770,000		$	2,220,000		$	—		$	9,267,000		$	—		$	875,000		$	7,000		$	—		$	16,340,000
Ending balance collectively evaluated for impairment			$	466,773,000		$	52,624,000		$	295,268,000		$	49,476,000		$	511,050,000		$	24,796,000		$	76,335,000		$	24,110,000		$	—		$	1,500,432,000

The following table presents allowance for loan losses activity by class for the year ended December 31, 2020 and allowance for loan loss balances by class and related loan balances by class as of December 31, 2020:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the year ended December 31, 2020
Beginning balance			$	3,742,000		$	365,000		$	3,329,000		$	27,000		$	1,024,000		$	25,000		$	1,078,000		$	867,000		$	1,182,000		$	11,639,000
Charge offs			1,088,000			—			27,000			—			66,000			—			153,000			327,000			—			1,661,000
Recoveries			—			—			37,000			—			34,000			—			22,000			132,000			—			225,000
Provision			2,524,000			297,000			99,000			144,000			1,587,000			77,000			264,000			106,000			952,000			6,050,000
Ending balance			$	5,178,000		$	662,000		$	3,438,000		$	171,000		$	2,579,000		$	102,000		$	1,211,000		$	778,000		$	2,134,000		$	16,253,000
Allowance for loan losses as of December 31, 2020
Ending balance specifically evaluated for impairment			$	112,000		$	18,000		$	169,000		$	—		$	163,000		$	—		$	—		$	—		$	—		$	462,000
Ending balance collectively evaluated for impairment			$	5,066,000		$	644,000		$	3,269,000		$	171,000		$	2,416,000		$	102,000		$	1,211,000		$	778,000		$	2,134,000		$	15,791,000
Related loan balances as of December 31, 2020
Ending balance			$	442,121,000		$	56,565,000		$	285,015,000		$	43,783,000		$	522,070,000		$	21,600,000		$	79,750,000		$	25,857,000		$	—		$	1,476,761,000
Ending balance specifically evaluated for impairment			$	3,029,000		$	770,000		$	1,779,000		$	—		$	9,414,000		$	—		$	1,039,000		$	8,000		$	—		$	16,039,000
Ending balance collectively evaluated for impairment			$	439,092,000		$	55,795,000		$	283,236,000		$	43,783,000		$	512,656,000		$	21,600,000		$	78,711,000		$	25,849,000		$	—		$	1,460,722,000

The following table presents allowance for loan losses activity by class for the three months ended March 31, 2020, and allowance for loan loss balances by class and related loan balances by class as of March 31, 2020:

			Commercial									Municipal			Residential						Home Equity Line of Credit			Consumer			Unallocated			Total
			Real Estate			Construction			Other						Term			Construction
For the three months ended March 31, 2020
Beginning balance			$	3,742,000		$	365,000		$	3,329,000		$	27,000		$	1,024,000		$	25,000		$	1,078,000		$	867,000		$	1,182,000		$	11,639,000
Charge offs			—			—			—			—			2,000			—			153,000			100,000			—			255,000
Recoveries			—			—			20,000			—			10,000			—			1,000			43,000			—			74,000
Provision (credit)			120,000			59,000			(922,000)			2,000			194,000			7,000			86,000			(85,000)			939,000			400,000
Ending balance			$	3,862,000		$	424,000		$	2,427,000		$	29,000		$	1,226,000		$	32,000		$	1,012,000		$	725,000		$	2,121,000		$	11,858,000
Allowance for loan losses as of March 31, 2020
Ending balance specifically evaluated for impairment			$	230,000		$	3,000		$	172,000		$	—		$	233,000		$	—		$	296,000		$	58,000		$	—		$	992,000
Ending balance collectively evaluated for impairment			$	3,632,000		$	421,000		$	2,255,000		$	29,000		$	993,000		$	32,000		$	716,000		$	667,000		$	2,121,000		$	10,866,000
Related loan balances as of March 31, 2020
Ending balance			$	382,753,000		$	43,913,000		$	237,896,000		$	43,537,000		$	500,971,000		$	15,202,000		$	90,674,000		$	29,262,000		$	—		$	1,344,208,000
Ending balance specifically evaluated for impairment			$	6,223,000		$	947,000		$	990,000		$	—		$	12,038,000		$	—		$	2,228,000		$	67,000		$	—		$	22,493,000
Ending balance collectively evaluated for impairment			$	376,530,000		$	42,966,000		$	236,906,000		$	43,537,000		$	488,933,000		$	15,202,000		$	88,446,000		$	29,195,000		$	—		$	1,321,715,000

X

- Definition

Tabular disclosure for the roll forward of change in allowance for loan losses from period to period and related loan balances.

+ References

No definition available.

+ Details

Name:	fnlc_ActivityInAllowanceForLoanLossesByPortfolioAndSegmentTableTextBlock
Namespace Prefix:	fnlc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration