The First Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported income before income taxes of $4,441,000 against $4,474,000 for the same period a year ago. Net income was $3,502,000 or $0.33 diluted per share against $3,426,000 or $0.32 diluted per share for the same period a year ago. Net interest income was $9,661,000 against $10,047,000 for the same period a year ago. Return on average equity was 9.33% against 8.39% for the same period a year ago. Return on average assets was 0.95% against 0.92% for the same period a year ago.

For the year, the company reported income before income taxes of $16,390,000 against $19,275,000 for the same period a year ago. Net income was $12,965,000 or $1.20 diluted per share against $14,709,000 or $1.37 diluted per share for the same period a year ago. Net interest income was $37,440,000 against $39,597,000 for the same period a year ago. Book value per common share was $13.69 against $15.06 for the same period a year ago. Return on average equity was 8.72% against 9.34% for the same period a year ago. Return on average assets was 0.90% against 0.99% for the same period a year ago.