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 5th 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 March of 2024, it had grown to 276 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 - YTD0.86%
Return on Equity - YTD11.68%
Annual Interest Income$35.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.94B$2.78B
LoansQ1 2024vs Q1 2023$2.15B$1.96B
DepositsQ1 2024vs Q1 2023$2.55B$2.47B
Equity CapitalQ1 2024vs Q1 2023$214.1MM$199.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$24.2MM$23.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.8MM$2MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank (Damariscotta, ME) Savings Account Rates

0.03%*$5k*-Premium Savings
OTHER TIERS: 0.02% $0 - $5k
0.02%$0-Statement Savings

First National Bank (Damariscotta, ME) Money Market Rates

0.06%*$100k*-First Choice Money Market
OTHER TIERS: 0.02% $0 - $5k | 0.03% $5k - $10k | 0.04% $10k - $50k | 0.05% $50k - $100k

First National Bank (Damariscotta, ME) Checking Account Rates

0.01%$0-#E-Chieve Checking
0.01%$0-Inspire Checking


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