XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Loans (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Receivables [Abstract] |
Schedule of Composition of Loan Portfolio | The following table shows the composition of the Company's loan portfolio by class of financing receivable as of June 30, 2024 and 2023 and at December 31, 2023:
| June 30, 2024 |  | December 31, 2023 |  | June 30, 2023 |
Commercial |  |  |  |  |  |  |  |  |
Real estate owner occupied | $ | 341,043,000 |  | 15.1 |  | % | $ | 314,819,000 |  | 14.8 |  | % | $ | 301,320,000 |  | 14.6 |  | %
Real estate non-owner occupied | 406,480,000 |  | 18.1 |  | % | 390,167,000 |  | 18.3 |  | % | 392,878,000 |  | 19.1 |  | %
Construction | 98,726,000 |  | 4.4 |  | % | 88,673,000 |  | 4.2 |  | % | 64,094,000 |  | 3.1 |  | %
C&I | 330,542,000 |  | 14.7 |  | % | 315,026,000 |  | 14.8 |  | % | 307,018,000 |  | 14.9 |  | %
Multifamily | 105,704,000 |  | 4.7 |  | % | 93,476,000 |  | 4.4 |  | % | 93,124,000 |  | 4.5 |  | %
Agriculture | 48,748,000 |  | 2.2 |  | % | 45,230,000 |  | 2.1 |  | % | 48,346,000 |  | 2.3 |  | %
Municipal | 62,105,000 |  | 2.8 |  | % | 51,423,000 |  | 2.4 |  | % | 58,252,000 |  | 2.8 |  | %
Residential |  |  |  |  |  |  |  |  |
Term | 686,006,000 |  | 30.5 |  | % | 674,855,000 |  | 31.7 |  | % | 645,127,000 |  | 31.4 |  | %
Construction | 35,574,000 |  | 1.6 |  | % | 32,358,000 |  | 1.5 |  | % | 30,812,000 |  | 1.5 |  | %
Home Equity |  |  |  |  |  |  |  |  |
Revolving and term | 112,228,000 |  | 5.0 |  | % | 104,026,000 |  | 4.9 |  | % | 99,666,000 |  | 4.8 |  | %
Consumer | 20,514,000 |  | 0.9 |  | % | 19,401,000 |  | 0.9 |  | % | 20,316,000 |  | 1.0 |  | %
Total | $ | 2,247,670,000 |  | 100.0 |  | % | $ | 2,129,454,000 |  | 100.0 |  | % | $ | 2,060,953,000 |  | 100.0 |  | %
Schedule of Past Due Loans Aging | For all loan classes, loans over 30 days past due are considered delinquent. Information on the past-due status of loans by class of financing receivable as of June 30, 2024, is presented in the following table:
| 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due | All Past Due | Current | Total | 90+ Days & Accruing
Commercial |  |  |  |  |  |  |
Real estate owner occupied | $ | 503,000 |  | $ | 64,000 |  | $ | 383,000 |  | $ | 950,000 |  | $ | 340,093,000 |  | $ | 341,043,000 |  | $ | — |
Real estate non-owner occupied | — |  | — |  | — |  | — |  | 406,480,000 |  | 406,480,000 |  | — |
Construction | — |  | — |  | — |  | — |  | 98,726,000 |  | 98,726,000 |  | — |
C&I | 585,000 |  | — |  | 37,000 |  | 622,000 |  | 329,920,000 |  | 330,542,000 |  | 19,000 |
Multifamily | — |  | — |  | — |  | — |  | 105,704,000 |  | 105,704,000 |  | — |
Agriculture | — |  | — |  | — |  | — |  | 48,748,000 |  | 48,748,000 |  | — |
Municipal | — |  | — |  | — |  | — |  | 62,105,000 |  | 62,105,000 |  | — |
Residential |  |  |  |  |  |  |
Term | 110,000 |  | 232,000 |  | 446,000 |  | 788,000 |  | 685,218,000 |  | 686,006,000 |  | 48,000 |
Construction | — |  | — |  | — |  | — |  | 35,574,000 |  | 35,574,000 |  | — |
Home equity |  |  |  |  |  |  |
Revolving and term | 553,000 |  | 127,000 |  | 67,000 |  | 747,000 |  | 111,481,000 |  | 112,228,000 |  | — |
Consumer | 147,000 |  | 44,000 |  | 20,000 |  | 211,000 |  | 20,303,000 |  | 20,514,000 |  | 20,000 |
Total | $ | 1,898,000 |  | $ | 467,000 |  | $ | 953,000 |  | $ | 3,318,000 |  | $ | 2,244,352,000 |  | $ | 2,247,670,000 |  | $ | 87,000 |
Information on the past-due status of loans by class of financing receivable as of December 31, 2023, is presented in the following table:
| 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due | All Past Due | Current | Total | 90+ Days & Accruing
Commercial |  |  |  |  |  |  |
Real estate owner occupied | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 314,819,000 |  | $ | 314,819,000 |  | $ | — |
Real estate non-owner occupied | — |  | — |  | — |  | — |  | 393,636,000 |  | 393,636,000 |  | — |
Construction | — |  | 9,000 |  | 8,000 |  | 17,000 |  | 88,656,000 |  | 88,673,000 |  | — |
C&I | 714,000 |  | 35,000 |  | 120,000 |  | 869,000 |  | 355,918,000 |  | 356,787,000 |  | 10,000 |
Multifamily | — |  | — |  | — |  | — |  | 93,476,000 |  | 93,476,000 |  | — |
Municipal | 31,000 |  | — |  | — |  | 31,000 |  | 51,392,000 |  | 51,423,000 |  | — |
Residential |  |  |  |  |  |  |
Term | 254,000 |  | 818,000 |  | 728,000 |  | 1,800,000 |  | 673,055,000 |  | 674,855,000 |  | 360,000 |
Construction | — |  | — |  | — |  | — |  | 32,358,000 |  | 32,358,000 |  | — |
Home equity |  |  |  |  |  |  |
Revolving and term | 495,000 |  | 95,000 |  | 26,000 |  | 616,000 |  | 103,410,000 |  | 104,026,000 |  | — |
Consumer | 475,000 |  | 22,000 |  | 58,000 |  | 555,000 |  | 18,846,000 |  | 19,401,000 |  | 59,000 |
Total | $ | 1,969,000 |  | $ | 979,000 |  | $ | 940,000 |  | $ | 3,888,000 |  | $ | 2,125,566,000 |  | $ | 2,129,454,000 |  | $ | 429,000 |
Information on the past-due status of loans by class of financing receivable as of June 30, 2023, is presented in the following table:
| 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due | All Past Due | Current | Total | 90+ Days & Accruing
Commercial |  |  |  |  |  |  |
Real estate owner occupied | $ | 37,000 |  | $ | — |  | $ | — |  | $ | 37,000 |  | $ | 301,283,000 |  | $ | 301,320,000 |  | $ | — |
Real estate non-owner occupied | — |  | — |  | — |  | — |  | 396,388,000 |  | 396,388,000 |  | — |
Construction | — |  | — |  | 8,000 |  | 8,000 |  | 64,086,000 |  | 64,094,000 |  | — |
C&I | 346,000 |  | 43,000 |  | 147,000 |  | 536,000 |  | 351,318,000 |  | 351,854,000 |  | — |
Multifamily | — |  | — |  | — |  | — |  | 93,124,000 |  | 93,124,000 |  | — |
Municipal | — |  | — |  | — |  | — |  | 58,252,000 |  | 58,252,000 |  | — |
Residential |  |  |  |  |  |  |
Term | 58,000 |  | 1,205,000 |  | 376,000 |  | 1,639,000 |  | 643,488,000 |  | 645,127,000 |  | 298,000 |
Construction | — |  | — |  | — |  | — |  | 30,812,000 |  | 30,812,000 |  | — |
Home equity |  |  |  |  |  |  |
Revolving and term | 177,000 |  | — |  | 193,000 |  | 370,000 |  | 99,296,000 |  | 99,666,000 |  | 7,000 |
Consumer | 202,000 |  | 36,000 |  | 14,000 |  | 252,000 |  | 20,064,000 |  | 20,316,000 |  | 13,000 |
Total | $ | 820,000 |  | $ | 1,284,000 |  | $ | 738,000 |  | $ | 2,842,000 |  | $ | 2,058,111,000 |  | $ | 2,060,953,000 |  | $ | 318,000 |
Schedule of Nonaccrual Loans | The following table presents the amortized costs basis of loans on nonaccrual status as of June 30, 2024, December 31, 2023 and June 30, 2023:
| June 30, 2024 | December 31, 2023 | June 30, 2023
Dollars in thousands | Nonaccrual with Allowance for Credit Loss | Nonaccrual with no Allowance for Credit Loss | Total Nonaccrual | Nonaccrual with Allowance for Credit Loss | Nonaccrual with no Allowance for Credit Loss | Total Nonaccrual | Nonaccrual with Allowance for Credit Loss | Nonaccrual with no Allowance for Credit Loss | Total Nonaccrual
Commercial |  |  |  |  |  |  |  |  |
Real estate owner occupied | $ | — |  | $ | 383,000 |  | $ | 383,000 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Real estate non-owner occupied | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Construction | — |  | 19,000 |  | 19,000 |  | — |  | 29,000 |  | 29,000 |  | — |  | 30,000 |  | 30,000 |
C&I | — |  | 111,000 |  | 111,000 |  | 354,000 |  | 184,000 |  | 538,000 |  | 372,000 |  | 283,000 |  | 655,000 |
Multifamily | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Agriculture | — |  | 32,000 |  | 32,000 |  | — |  | — |  | — |  | — |  | — |  | — |
Municipal | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential |  |  |  |  |  |  | — |  | — |  | — |
Term | — |  | 1,731,000 |  | 1,731,000 |  | 304,000 |  | 1,011,000 |  | 1,315,000 |  | — |  | 533,000 |  | 533,000 |
Construction | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Home equity |  |  |  |  |  |  | — |  | — |  | — |
Revolving and term | — |  | 288,000 |  | 288,000 |  | — |  | 296,000 |  | 296,000 |  | — |  | 458,000 |  | 458,000 |
Consumer | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | — |  | $ | 2,564,000 |  | $ | 2,564,000 |  | $ | 658,000 |  | $ | 1,520,000 |  | $ | 2,178,000 |  | $ | 372,000 |  | $ | 1,304,000 |  | $ | 1,676,000 |
Schedule of Individually Analyzed Loans by Class of Financing Receivable | The following table presents the amortized cost basis of collateral-dependent loans as of June 30, 2024 by collateral type:
| Collateral Type |
| Commercial Real Estate | Residential Real Estate |  | Total
Commercial |  |  |  |
Real estate owner occupied | $ | 283,000 |  | $ | — |  |  | $ | 283,000 |
Real estate non-owner occupied | — | — |  | —
Construction | — | — |  | —
C&I | — | — |  | —
Multifamily | — | — |  | —
Agriculture | — | — |  | —
Municipal | — | — |  | —
Residential |  |  |  |
Term | — | 569,000 |  | 569,000
Construction | — | — |  | —
Home Equity |  |  |  |
Revolving and term | — | — |  | —
Consumer | — | — |  | —
Total | $ | 283,000 |  | $ | 569,000 |  |  | $ | 852,000 |
The following table presents the amortized cost basis of collateral-dependent loans as of December 31, 2023 by collateral type:
|  | Collateral Type |  |
|  | Residential Real Estate |  | Total
Commercial |  |  |  |
Real estate owner occupied |  | $ | — |  |  | $ | — |
Real estate non-owner occupied |  | — |  | —
Construction |  | — |  | —
C&I |  | — |  | —
Multifamily |  | — |  | —
Municipal |  | — |  | —
Residential |  |  |  |
Term |  | 685,000 |  | 685,000
Construction |  | — |  | —
Home Equity |  |  |  |
Revolving and term |  | — |  | —
Consumer |  | — |  | —
Total |  | $ | 685,000 |  |  | $ | 685,000 |
The following table presents the amortized cost basis of collateral-dependent loans as of June 30, 2023 by collateral type:
| Collateral Type |  |
| Commercial Real Estate | Residential Real Estate |  | Total
Commercial |  |  |  |
Real estate owner occupied | $ | — |  | $ | — |  |  | $ | — |
Real estate non-owner occupied | 725,000 | — |  | 725,000
Construction | — | — |  | —
C&I | — | — |  | —
Multifamily | — | — |  | —
Municipal | — | — |  | —
Residential |  |  |  |
Term | — | 385,000 |  | 385,000
Construction | — | — |  | —
Home Equity |  |  |  |
Revolving and term | — | — |  | —
Consumer | — | — |  | —
Total | $ | 725,000 |  | $ | 385,000 |  |  | $ | 1,110,000 |
Schedule of Troubled Debt Restructurings on Financing Receivables | The following table represents loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the three months ended June 30, 2024:
Amortized Cost Basis
| Payment Deferral | Term Extension | Interest Rate Reduction | Principal Forgiveness | Combination Payment Deferral and Term Extension | % of Total Class of Financing Receivable
Commercial |  |  |  |  |  |
Real estate owner occupied | $ | 635,000 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | 0.19 | %
Real estate non-owner occupied | — |  | — |  | — |  | — |  | — |  | — | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
C&I | 177,000 |  | — |  | — |  | — |  | 170,000 |  | 0.05 | %
Multifamily | — |  | — |  | — |  | — |  | — |  | — | %
Agriculture | — |  | — |  | — |  | — |  | — |  | — | %
Municipal | — |  | — |  | — |  | — |  | — |  | — | %
Residential |  |  |  |  |  |
Term | — |  | — |  | — |  | — |  | — |  | — | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
Home Equity |  |  |  |  |  |
Revolving and term | — |  | — |  | — |  | — |  | — |  | — | %
Consumer | — |  | — |  | — |  | — |  | — |  | — | %
Total | $ | 812,000 |  | $ | — |  | $ | — |  | $ | — |  | $ | 170,000 |  | 0.04 | %
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the three months ended June 30, 2024:
| Payment Deferral
| Financial Effect
Commercial |
Real estate owner occupied | Temporary payment accommodation, payments deferred to end of loan.
C&I | Temporary payment accommodation, payments deferred to end of loan.
| Payment Deferral & Term Extension
| Financial Effect
Commercial |
C&I | Temporary payment accommodation, extended term 60 days.
The following table represents loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the three months ended June 30, 2023:
Amortized Cost Basis
| Payment Deferral | Term Extension | Interest Rate Reduction | Principal Forgiveness | Combination Payment Deferral and Term Extension | % of Total Class of Financing Receivable
Commercial |  |  |  |  |  |
Real estate owner occupied | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | — | %
Real estate non-owner occupied | — |  | — |  | — |  | — |  | — |  | — | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
C&I | — |  | 4,000 |  | — |  | — |  | — |  | 0.001 | %
Multifamily | — |  | — |  | — |  | — |  | — |  | — | %
Agriculture | — |  | — |  | — |  | — |  | — |  | — | %
Municipal | — |  | — |  | — |  | — |  | — |  | — | %
Residential |  |  |  |  |  |
Term | — |  | — |  | — |  | — |  | — |  | — | %
Construction | — |  | — |  | — |  | — |  | — |  | — | %
Home Equity |  |  |  |  |  |
Revolving and term | — |  | — |  | — |  | — |  | — |  | — | %
Consumer | — |  | — |  | — |  | — |  | — |  | — | %
Total | $ | — |  | $ | 4,000 |  | $ | — |  | $ | — |  | $ | — |  | 0.0002 | %
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty for the three months ended June 30, 2023:
Term Extension
| Financial Effect
C&I | Extended Term 90 days
The Company monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified during the previous 12 months as of June 30, 2024:
| Payment Status (Amortized Cost Basis) |
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due |
Commercial |  |  |  |  |
Real estate owner occupied | $ | 635,000 |  | $ | 503,000 |  | $ | — |  | $ | 283,000 |  |
Construction | 69,000 |  | — |  | — |  | — |  |
C&I | 402,000 |  | 41,000 |  | — |  | — |  |
Multifamily | 1,932,000 |  | — |  | — |  | — |  |
Residential |  |  |  |  |
Term | 1,023,000 |  | — |  | — |  | — |  |
Home Equity |  |  |  |  |
Revolving and term | 70,000 |  | — |  | — |  | — |  |
Consumer | 19,000 |  | — |  | — |  | 13,000 |  |
Total | $ | 4,150,000 |  | $ | 544,000 |  | $ | — |  | $ | 296,000 |  |
The following table depicts the performance of loans that have been modified during the six months ended June 30, 2023:
| Payment Status (Amortized Cost Basis)
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90+ Days Past Due
Commercial |  |  |  |
C&I | $ | 253,000 |  | $ | — |  | $ | — |  | $ | — |
Total | $ | 253,000 |  | $ | — |  | $ | — |  | $ | — |

X
- Definition Collateral-dependent Loans + References No definition available. + Details
Name: | fnlc_CollateralDependentLoansTableTextBlock
Namespace Prefix: | fnlc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the composition of loans contained in the loan portfolio. + References No definition available. + Details
Name: | fnlc_ScheduleOfCompositionOfLoanPortfolioTableTextBlock
Namespace Prefix: | fnlc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-34 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-33 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration