Damariscotta-based The First Bancorp on Friday reported a net income boost of 15.6 percent for the second quarter compared with the second quarter of 2013.

The company’s net income was $3.7 million or 35 cents per share for the quarter, up $505,000 from the same period a year earlier, it said.

First Bancorp’s assets topped $1.5 billion for the first time during the quarter, the result of increased consumer demand for loans. The total value of loans is up $15.5 million for the year compared with the first half of 2013, the company reported.

First Bancorp President and CEO Daniel R. Daigneault said it was the third-best quarter in the company’s history.


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.