First Bancorp is the holding company for First National Bank, a community bank headquartered in Damariscotta, Maine, operating since 1864. The bank serves customers across Mid-Coast and Eastern Maine through 18 branch locations. First National Bank's core business is traditional community banking: taking deposits from individuals, small businesses, government entities, and non-profits, and extending consumer, commercial, and mortgage loans to local borrowers. The bank also offers wealth management, trust services, and financial planning through its First National Wealth Management division, with brokerage and insurance products offered via a third-party partnership. First National Bank earns money primarily through net interest income — the spread between what it charges on loans and what it pays on deposits. Profitability is driven by loan volume and mix, deposit costs, credit quality, and the interest rate environment. The bank emphasizes local decision-making and personal service, arguing that branch employees who live in the communities they serve can make faster and better-informed credit decisions. Non-interest income from wealth management fees and deposit service charges is a secondary revenue source. The bank's performance is closely tied to the economic health of coastal and rural Maine.