First National Bank (Damariscotta, ME)


Overview / Commentary
800-564-3195
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 441st largest bank in the nation. It was established in 1864 and as of June of 2020, it had grown to 249 employees at 16 locations. First National Bank (Damariscotta, ME) has an A health rating.

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

Health Grade Components

Overall
FDIC Certificate #4256
Year Established1864
Employees249
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD14.39%
Annual Interest Income$40.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.23B$1.97B
LoansQ2 2020vs Q2 2019$1.44B$1.24B
DepositsQ2 2020vs Q2 2019$1.74B$1.59B
Equity CapitalQ2 2020vs Q2 2019$187.7MM$175.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$14.1MM$11.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$9.8MM$16.1MM
Real Estate OwnedQ2 2020vs Q2 2019$851.00K$289.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First National Bank (Damariscotta, ME); we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%*$5k*-Premium Savings
OTHER TIERS: 0.02% Up to $5k
0.02%--Statement Savings
0.02%-- Holiday Club
0.02%--Sunshine Savings

First National Bank (Damariscotta, ME) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-First Choice Money Market
OTHER TIERS: 0.02% Up to $5k | 0.04% $5k - $10k | 0.06% $10k - $50k | 0.08% $50k - $100k

First National Bank (Damariscotta, ME) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$500-Business NOW Checking
0.01%--#E-Chieve Checking
0.01%--Inspire Checking

First National Bank (Damariscotta, ME) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-60 Month CD
0.35%$500-48 Month CD
0.30%$500-36 Month CD
0.25%$500-24 Month CD
0.20%$500-18 Month CD
0.15%$500-6 Month CD
0.15%$500-12 Month CD
0.10%$500-3 Month CD
0.05%$500-1 Month CD
Locations

Availability



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