The First Bancorp (FNLC) Debt/Assets Ratio: History & Chart

The First Bancorp, Inc.(FNLC)

Banks - Regional · Damariscotta, ME

$33.78-0.43 (-1.26%)

Delayed quote: Oct 6, 2026, 10:22 AM EDT

About The First Bancorp, Inc.

The First Bancorp, Inc. functions as the holding company for First National Bank, providing a comprehensive suite of banking products and financial services to both individual customers and commercial enterprises. Its deposit offerings encompass various account types, such as demand, NOW, savings, money market, and certificates of deposit. The institution also plays a key role in commercial real estate financing, issuing mortgage loans for investments in diverse property types including multi-family dwellings, retail outlets, offices, industrial sites, hotels, and educational facilities. It also funds commercial construction projects, whether for owner-occupied properties or other ventures. Additionally, it extends other commercial credit solutions like revolving lines and term loans, designed to assist businesses and corporations with their working capital needs or capital investments. Furthermore, First Bancorp furnishes loans to municipalities for capital expenditures, construction initiatives, or as tax-anticipation notes. Its residential lending portfolio includes amortizing home mortgages and construction loans for owner-occupied homes, along with home equity loans and lines of credit. For individuals, it provides consumer loans, which are typically amortizing and secured by assets such as automobiles, pleasure crafts, and recreational vehicles, or available as unsecured short-term notes. Beyond traditional banking, the company delivers specialized services including private banking, financial planning, investment management, and trust administration, catering to individuals, businesses, non-profit organizations, and municipalities. Payment processing solutions are also part of its service array. The company operates through 18 full-service banking branches strategically situated across Maine's Mid-Coast, Eastern, and Down East regions, specifically within Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties. Established in 1864, the organization was originally known as First National Lincoln Corporation, adopting its current name, The First Bancorp, Inc., in April 2008. Its corporate headquarters are located in Damariscotta, Maine.

Damariscotta, ME

278 employees

www.thefirst.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Tony C. McKim

View full financials

FNLC Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

6.66%

DEBT TO ASSETS RATIO AVG TTM

5.92%

DEBT TO ASSETS RATIO AVG 3Y

5.36%

DEBT TO ASSETS RATIO AVG 5Y

4.91%

DEBT TO ASSETS RATIO AVG 10Y

8.81%

DEBT TO ASSETS RATIO AVG 15Y

12.07%

DEBT TO ASSETS RATIO AVG 20Y

13.69%

CURRENT VS TTM AVG

+12.36%

CURRENT VS 3Y AVG

+24.12%

CURRENT VS 5Y AVG

+35.61%

CURRENT VS 10Y AVG

-24.44%

CURRENT VS 15Y AVG

-44.87%

CURRENT VS 20Y AVG

-51.38%

SECTOR MEDIAN · FINANCIAL SERVICES

0.05%

median of 511 covered companies

CURRENT VS SECTOR MEDIAN

+13212.35%

vs the sector median at left

NAME	MARKET CAP	DEBT TO ASSETS RATIO	TTM	3Y	5Y
The First Bancorp, Inc. (FNLC)	$380.90M	6.66%	5.92%	5.36%	4.91%
Citizens Financial Services, Inc. (CZFS)vs ›	$383.91M	0.12%	N/A	N/A	N/A
MVB Financial Corp. (MVBF)vs ›	$384.34M	0.02%	N/A	N/A	N/A
Primis Financial Corp (FRST)vs ›	$389.47M	0.10%	N/A	N/A	N/A
Northeast Community Bancorp, Inc. (NECB)vs ›	$372.05M	0.09%	N/A	N/A	N/A
Centurion Acquisition Corp. (ALF)vs ›	$389.92M	0.00%	N/A	N/A	N/A
Berto Acquisition Corp. II (GUAC)vs ›	$392.32M	N/A	N/A	N/A	N/A
GSR V Acquisition Corp. (GSRV)vs ›	$367.81M	N/A	N/A	N/A	N/A
GP-Act III Acquisition Corp. (GPAT)vs ›	$396.75M	0.01%	N/A	N/A	N/A
Chemung Financial Corporation (CHMG)vs ›	$397.15M	0.05%	N/A	N/A	N/A

NAME

MARKET CAP

DEBT TO ASSETS RATIO

TTM

The First Bancorp, Inc. (FNLC)

$380.90M

6.66%

5.92%

5.36%

4.91%

Citizens Financial Services, Inc. (CZFS)vs ›

$383.91M

0.12%

N/A

MVB Financial Corp. (MVBF)vs ›

$384.34M

0.02%

N/A

Primis Financial Corp (FRST)vs ›

$389.47M

0.10%

N/A

Northeast Community Bancorp, Inc. (NECB)vs ›

$372.05M

0.09%

N/A

Centurion Acquisition Corp. (ALF)vs ›

$389.92M

0.00%

N/A

Berto Acquisition Corp. II (GUAC)vs ›

$392.32M

N/A

GSR V Acquisition Corp. (GSRV)vs ›

$367.81M

N/A

GP-Act III Acquisition Corp. (GPAT)vs ›

$396.75M

0.01%

N/A

Chemung Financial Corporation (CHMG)vs ›

$397.15M

0.05%

N/A

Debt to Assets Ratio FAQ

What is the debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The debt to assets ratio for FNLC stock is 6.66%.

Is The First Bancorp, Inc.'s debt to assets ratio high or low?

The debt to assets ratio of 6.66% is 36% above its 5-year average of 4.91%, around the middle of its 5-year range (2.36%–9.33%).

What is the TTM average debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The TTM average debt to assets ratio for FNLC stock is 5.92%.

What is the 3Y average debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The 3Y average debt to assets ratio for FNLC stock is 5.36%.

What is the 5Y average debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The 5Y average debt to assets ratio for FNLC stock is 4.91%.

What is the 10Y average debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The 10Y average debt to assets ratio for FNLC stock is 8.81%.

What is the 15Y average debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The 15Y average debt to assets ratio for FNLC stock is 12.07%.

What is the 20Y average debt to assets ratio for The First Bancorp, Inc. (FNLC)?

The 20Y average debt to assets ratio for FNLC stock is 13.69%.

DATE	DEBT TO ASSETS RATIO
2026-06-30	6.66%
2026-03-31	6.12%
2025-12-31	5.93%
2025-09-30	4.78%
2025-06-30	6.13%
2025-03-31	5.82%
2024-12-31	4.63%
2024-09-30	4.81%
2024-06-30	7.48%
2024-03-31	5.20%
2023-12-31	2.36%
2023-09-30	2.82%
2023-06-30	3.98%
2023-03-31	2.98%
2022-12-31	3.78%
2022-09-30	4.33%
2022-06-30	4.81%
2022-03-31	5.25%
2021-12-31	5.40%
2021-09-30	9.22%
2021-06-30	9.33%
2021-03-31	9.42%
2020-12-31	11.10%
2020-09-30	12.36%
2020-06-30	12.30%
2020-03-31	11.61%
2019-12-31	8.94%
2019-09-30	8.92%
2019-06-30	9.11%
2019-03-31	8.56%
2018-12-31	10.81%
2018-09-30	13.39%
2018-06-30	15.54%
2018-03-31	13.05%
2017-12-31	12.41%
2017-09-30	13.15%
2017-06-30	15.72%
2017-03-31	12.84%
2016-12-31	16.28%
2016-09-30	16.40%
2016-06-30	17.46%
2016-03-31	17.56%
2015-12-31	21.57%
2015-09-30	19.31%
2015-06-30	17.90%
2015-03-31	21.43%
2014-12-31	18.89%
2014-09-30	17.37%
2014-06-30	19.85%
2014-03-31	17.29%
2013-12-31	19.07%
2013-09-30	18.21%
2013-06-30	17.80%
2013-03-31	18.44%
2012-12-31	19.99%
2012-09-30	21.41%
2012-06-30	17.47%
2012-03-31	16.87%
2011-12-31	19.35%
2011-09-30	17.91%
2011-06-30	17.59%
2011-03-31	15.20%
2010-12-31	18.46%
2010-09-30	16.20%
2010-06-30	16.13%
2010-03-31	17.73%
2009-12-31	18.76%
2009-09-30	16.00%
2009-06-30	21.71%
2009-03-31	18.17%
2008-12-31	20.52%
2008-09-30	20.18%
2008-06-30	24.67%
2008-03-31	23.65%
2007-12-31	25.89%
2007-09-30	22.20%
2007-06-30	16.23%
2007-03-31	14.66%
2006-12-31	16.28%
2006-09-30	11.89%
2006-06-30	17.87%
2006-03-31	18.31%
2005-12-31	20.65%
2005-09-30	12.75%
2005-06-30	18.54%
2005-03-31	22.09%
2004-12-31	32.67%
2004-09-30	27.36%
2004-06-30	28.28%
2004-03-31	24.13%
2003-12-31	27.75%
2003-09-30	23.48%
2003-06-30	22.96%
2003-03-31	22.84%
2002-12-31	22.95%
2002-09-30	22.92%

DATE

DEBT TO ASSETS RATIO

2026-06-30

6.66%

2026-03-31

6.12%

2025-12-31

5.93%

2025-09-30

4.78%

2025-06-30

6.13%

2025-03-31

5.82%

2024-12-31

4.63%

2024-09-30

4.81%

2024-06-30

7.48%

2024-03-31

5.20%

2023-12-31

2.36%

2023-09-30

2.82%

2023-06-30

3.98%

2023-03-31

2.98%

2022-12-31

3.78%

2022-09-30

4.33%

2022-06-30

4.81%

2022-03-31

5.25%

2021-12-31

5.40%

2021-09-30

9.22%

2021-06-30

9.33%

2021-03-31

9.42%

2020-12-31

11.10%

2020-09-30

12.36%

2020-06-30

12.30%

2020-03-31

11.61%

2019-12-31

8.94%

2019-09-30

8.92%

2019-06-30

9.11%

2019-03-31

8.56%

2018-12-31

10.81%

2018-09-30

13.39%

2018-06-30

15.54%

2018-03-31

13.05%

2017-12-31

12.41%

2017-09-30

13.15%

2017-06-30

15.72%

2017-03-31

12.84%

2016-12-31

16.28%

2016-09-30

16.40%

2016-06-30

17.46%

2016-03-31

17.56%

2015-12-31

21.57%

2015-09-30

19.31%

2015-06-30

17.90%

2015-03-31

21.43%

2014-12-31

18.89%

2014-09-30

17.37%

2014-06-30

19.85%

2014-03-31

17.29%

2013-12-31

19.07%

2013-09-30

18.21%

2013-06-30

17.80%

2013-03-31

18.44%

2012-12-31

19.99%

2012-09-30

21.41%

2012-06-30

17.47%

2012-03-31

16.87%

2011-12-31

19.35%

2011-09-30

17.91%

2011-06-30

17.59%

2011-03-31

15.20%

2010-12-31

18.46%

2010-09-30

16.20%

2010-06-30

16.13%

2010-03-31

17.73%

2009-12-31

18.76%

2009-09-30

16.00%

2009-06-30

21.71%

2009-03-31

18.17%

2008-12-31

20.52%

2008-09-30

20.18%

2008-06-30

24.67%

2008-03-31

23.65%

2007-12-31

25.89%

2007-09-30

22.20%

2007-06-30

16.23%

2007-03-31

14.66%

2006-12-31

16.28%

2006-09-30

11.89%

2006-06-30

17.87%

2006-03-31

18.31%

2005-12-31

20.65%

2005-09-30

12.75%

2005-06-30

18.54%

2005-03-31

22.09%

2004-12-31

32.67%

2004-09-30

27.36%

2004-06-30

28.28%

2004-03-31

24.13%

2003-12-31

27.75%

2003-09-30

23.48%

2003-06-30

22.96%

2003-03-31

22.84%

2002-12-31

22.95%

2002-09-30

22.92%

Debt to Assets Ratio: 6.66%

FNLC Debt to Assets Ratio

FNLC Average Debt to Assets Ratio Chart

FNLC Current vs Average Debt to Assets Ratio Chart

FNLC Debt to Assets Ratio Metrics

FNLC Competitors' Debt to Assets Ratio

Leverage Ratios Comparison

Debt to Assets Ratio Formula & Definition

Debt to Assets Ratio FAQ

FNLC Debt to Assets Ratio History

Related Metrics