First National Bank: how it compares with its peers
Against 8 ME banks with half to twice its assets, First National Bank's strongest measure in Q2 2026 is efficiency ratio (51.24% vs. a 67.21% peer median). Its weakest relative measure is net interest margin (2.82% vs. 3.64%).
| Measure | First National Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.22% | 1.22% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.82% | 3.64% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 51.24% | 67.21% | Top third Ahead of 88% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.4M | $8.6M | Top third Ahead of 88% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.50% | 104.51% | Context |
What it means for lending operations
Its efficiency ratio of 51.24% is better than the 67.21% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Maine Community Bank Portland, ME · $2.98B
- Machias Savings Bank Machias, ME · $2.67B
- Kennebunk Savings Bank Kennebunk, ME · $2.17B
- Norway Savings Bank Norway, ME · $2.16B
- Kennebec Savings Bank Augusta, ME · $1.87B
- Androscoggin Savings Bank Lewiston, ME · $1.76B
Questions about First National Bank
How big is First National Bank?
First National Bank, established in 1864, is headquartered in Damariscotta, ME. It reported $3.18B in total assets in its Q2 2026 FDIC call report and operates 18 offices.
What is First National Bank's return on assets?
1.22% annualized in Q2 2026, against a 1.22% median for 8 ME banks with half to twice its assets, ahead of 50% of them.
What is First National Bank's efficiency ratio?
51.24% in Q2 2026: it spent about 51 cents in noninterest expense for each dollar of revenue. The peer median is 67.21%, and lower is better.
Is First National Bank growing its loans?
Net loans grew 1.3% over the year to Q2 2026, while deposits shrank 0.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are ME banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Maine bank ranked.