| Business Summary | | First
National
Lincoln
Corporation
is
the
parent
holding
company
of
The
First
National
Bank
of
Damariscotta
(the
Bank).
The
common
stock
of
the
Bank
is
the
principal
asset
of
the
Company,
which
has
no
other
subsidiaries.
The
Bank
has
six
offices
in
mid-coast
Maine,
including
its
principal
office
located
in
Lincoln
County
and
five
branch
offices
located
in
Waldoboro,
Boothbay
Harbor,
Wiscasset,
Rockport
and
Camden,
Maine.
The
Bank
also
maintains
an
Operations
Center
in
Damariscotta.
In
October
2000,
the
Bank
purchased
land
in
Rockland,
Maine,
where
it
intends
to
open
a
seventh
office
in
the
third
quarter
of
2001.
The
Bank
offers
a
wide
variety
of
services,
including
checking,
savings
and
investment
accounts;
consumer,
commercial
and
mortgage
loans;
credit
cards;
full
investment
management;
and
a
trust
department. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FNLC
is
a
bank
holding
company
for
The
First
National
Bank
of
Damariscotta.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
14%
to
$15.2
million.
Net
interest
income
after
loan
loss
provision
increased
9%
to
$6.5
million.
Net
income
increased
15%
to
$2.6
million.
Net
interest
income
reflects
growth
in
both
the
loan
and
investment
portfolios,
partially
offset
by
a
higher
cost
of
funds.
Net
income
reflects
increased
service
charges
on
deposit
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Gregory, 47 Chairman | -- | -- | Daniel Daigneault, 48 Pres,
CEO of the Company and the Bank | $215K | $93K | F. Stephen Ward, 47 Treasurer
of the Company and Sr. VP- Fin. & Investments & CFO | -- | -- | Michael Martin, 45 VP
and Credit Admin. Officer of the Bank | -- | -- | Donald Means, 63 Clerk
of the Company and Sr. VP and Sr. Loan Officer of the Bank | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|