First National Bank (Damariscotta, ME)

Overview / Commentary
223 Main Street
Damariscotta, ME 04543

First National Bank (Damariscotta, ME) is headquartered in DAMARISCOTTA and is the 4th largest bank in the state of Maine. It is also the 404th largest bank in the nation. It was established in 1864 and as of September of 2023, it had grown to 267 employees at 18 locations. First National Bank (Damariscotta, ME) has a B+ health rating.

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Reviews (1)

TFNB Maine Review

Posted by: |

I had been using an internet bank for a number of years up until recently. The bank was strictly online, except for a few branches ONLY in the state of Indiana. So while I had no ill will towards the bank, or bad experiences, I had to find something more local to my state of Maine. Most people I know bank with The First National Bank. I wanted to open an account at the local branch in Damariscotta, Maine. The process was fairly quick and painless. I'd say about 12 minutes? I filled out some paperwork, showed some identification, and within 12 minutes I had a new account and an instant Debit card to use immediately. I've had the account for about four months now. I love the convenience of using the online banking, while still being able to go directly into the local branch if I am in need of something.

Customer service has been awesome, if they suspect fraudulent activity, they will immediately put a hold on your debit card and call you or text you so that you can verify that a purchase was indeed you. Some may find it inconvenient to have to call back and answer questions, but I think that's great. It makes me feel much more secure with my banking. I highly recommend The First National Bank. I currently have just a checking account, but am considering opening a saving as well. I am enrolled in insufficient funds protection currently, which is great for those times (though hopefully rare!) when you've forgotten about a transaction and your slightly short on funds.


Health Grade Components

FDIC Certificate #4256
Year Established1864
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD15.66%
Annual Interest Income$94MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$2.91B$2.7B
LoansQ3 2023vs Q3 2022$2.06B$1.84B
DepositsQ3 2023vs Q3 2022$2.6B$2.37B
Equity CapitalQ3 2023vs Q3 2022$198.2MM$191.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$23.3MM$16.4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$2.6MM$1.9MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for First National Bank (Damariscotta, ME) are currently being reviewed.



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