----

| The First Bancorp                                             |   |
|---------------------------------------------------------------|--------|
| Consolidated Balance Sheets (Unaudited)                       |   |
|                                                          |   |   |   |   |   |   |   |   |   |
| In thousands of dollars, except for per share amounts         |   | 6/30/2011 |   |   | 12/31/2010 |   |   | 6/30/2010 |   |
| Assets                                                        |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                                       |   | $ | 14,322 |   |   | $ | 13,838 |   |   | $ | 22,219 |   |
| Overnight funds sold                                          |   |   | 100 |   |   |   | 100 |   |   |   | - |   |
| Securities available for sale                                 |   |   | 304,278 |   |   |   | 293,229 |   |   |   | 149,249 |   |
| Securities to be held to maturity                             |   |   | 122,970 |   |   |   | 107,380 |   |   |   | 129,892 |   |
| Federal Home Loan Bank and Federal Reserve Bank stock,at cost |   |   | 15,443 |   |   |   | 15,443 |   |   |   | 15,443 |   |
| Loans held for sale                                           |   |   | 419 |   |   |   | 2,806 |   |   |   | 3,426 |   |
| Loans                                                         |   |   | 886,929 |   |   |   | 887,596 |   |   |   | 932,010 |   |
| Less allowance for loan losses                                |   |   | 15,034 |   |   |   | 13,316 |   |   |   | 14,165 |   |
| Net loans                                                     |   |   | 871,895 |   |   |   | 874,280 |   |   |   | 917,845 |   |
| Accrued interest receivable                                   |   |   | 6,511 |   |   |   | 5,263 |   |   |   | 6,536 |   |
| Premises and equipment                                        |   |   | 18,351 |   |   |   | 18,980 |   |   |   | 18,739 |   |
| Other real estate owned                                       |   |   | 7,723 |   |   |   | 4,929 |   |   |   | 4,794 |   |
| Goodwill                                                      |   |   | 27,684 |   |   |   | 27,684 |   |   |   | 27,684 |   |
| Other assets                                                  |   |   | 27,994 |   |   |   | 29,870 |   |   |   | 30,448 |   |
| Total assets                                                  |   | $ | 1,417,690 |   |   | $ | 1,393,802 |   |   | $ | 1,326,275 |   |
| Liabilities                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                               |   | $ | 71,517 |   |   | $ | 74,032 |   |   | $ | 62,821 |   |
| NOW deposits                                                  |   |   | 117,064 |   |   |   | 119,823 |   |   |   | 112,256 |   |
| Money market deposits                                         |   |   | 69,681 |   |   |   | 71,604 |   |   |   | 77,231 |   |
| Savings deposits                                              |   |   | 107,278 |   |   |   | 100,870 |   |   |   | 95,686 |   |
| Certificates of deposit                                       |   |   | 279,567 |   |   |   | 231,945 |   |   |   | 237,757 |   |
| Certificates $100,000 to $250,000                             |   |   | 319,122 |   |   |   | 338,452 |   |   |   | 313,908 |   |
| Certificates $250,000 and over                                |   |   | 34,609 |   |   |   | 37,792 |   |   |   | 49,842 |   |
| Total deposits                                                |   |   | 998,838 |   |   |   | 974,518 |   |   |   | 949,501 |   |
| Borrowed funds                                                |   |   | 249,336 |   |   |   | 257,330 |   |   |   | 213,944 |   |
| Other liabilities                                             |   |   | 13,306 |   |   |   | 12,106 |   |   |   | 12,385 |   |
| Total Liabilities                                             |   |   | 1,261,480 |   |   |   | 1,243,954 |   |   |   | 1,175,830 |   |
| Shareholders' equity                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred stock                                               |   |   | 24,754 |   |   |   | 24,705 |   |   |   | 24,655 |   |
| Common stock                                                  |   |   | 98 |   |   |   | 98 |   |   |   | 98 |   |
| Additional paid-in capital                                    |   |   | 45,629 |   |   |   | 45,474 |   |   |   | 45,298 |   |
| Retained earnings                                             |   |   | 83,594 |   |   |   | 81,701 |   |   |   | 79,864 |   |
| Net unrealized gain/(loss) on securities available-for-sale   |   |   | 2,198 |   |   |   | (2,057 | ) |   |   | 732 |   |
| Net unrealized loss on postretirement benefit costs           |   |   | (63 | ) |   |   | (73 | ) |   |   | (202 | ) |
| Total shareholders' equity                                    |   |   | 156,210 |   |   |   | 149,848 |   |   |   | 150,445 |   |
| Total liabilities & shareholders' equity                  |   | $ | 1,417,690 |   |   | $ | 1,393,802 |   |   | $ | 1,326,275 |   |
| Common Stock                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Number of shares authorized                                   |   |   | 18,000,000 |   |   |   | 18,000,000 |   |   |   | 18,000,000 |   |
| Number of shares issued and outstanding                       |   |   | 9,793,706 |   |   |   | 9,773,025 |   |   |   | 9,758,218 |   |
| Book value per common share                                   |   | $ | 13.42 |   |   | $ | 12.80 |   |   | $ | 12.89 |   |
| Tangible book value per common share                          |   | $ | 10.60 |   |   | $ | 9.97 |   |   | $ | 10.05 |   |

----

| The First Bancorp                                             |   |
|---------------------------------------------------------------|--------|
| Consolidated Statements of Income (Unaudited)                 |   |
|                                                          |   | For the six months ended |   |   | For the quarters ended |   |
| In thousands of dollars, except for per share amounts         |   | 6/30/2011 |   |   | 6/30/2010 |   |   | 6/30/2011 |   |   | 6/30/2010 |   |
| Interest income                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans                                    |   | $ | 20,128 |   |   | $ | 22,206 |   |   | $ | 9,955 |   |   | $ | 11,056 |   |
| Interest on deposits with other banks                         |   |   | 3 |   |   |   | 2 |   |   |   | 1 |   |   |   | - |   |
| Interest and dividends on investments                         |   |   | 8,120 |   |   |   | 6,140 |   |   |   | 4,041 |   |   |   | 3,159 |   |
|      Total interest income           |   |   | 28,251 |   |   |   | 28,348 |   |   |   | 13,997 |   |   |   | 14,215 |   |
| Interest expense                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                          |   |   | 5,081 |   |   |   | 5,051 |   |   |   | 2,518 |   |   |   | 2,571 |   |
| Interest on borrowed funds                                    |   |   | 2,442 |   |   |   | 3,319 |   |   |   | 1,256 |   |   |   | 1,687 |   |
|      Total interest expense          |   |   | 7,523 |   |   |   | 8,370 |   |   |   | 3,774 |   |   |   | 4,258 |   |
| Net interest income                                           |   |   | 20,728 |   |   |   | 19,978 |   |   |   | 10,223 |   |   |   | 9,957 |   |
| Provision for loan losses                                     |   |   | 4,100 |   |   |   | 4,500 |   |   |   | 2,000 |   |   |   | 2,100 |   |
| Net interest income after provision for loan losses           |   |   | 16,628 |   |   |   | 15,478 |   |   |   | 8,223 |   |   |   | 7,857 |   |
| Non-interest income                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment management and fiduciary income                    |   |   | 782 |   |   |   | 787 |   |   |   | 358 |   |   |   | 376 |   |
| Service charges on deposit accounts                           |   |   | 1,351 |   |   |   | 1,505 |   |   |   | 711 |   |   |   | 796 |   |
| Net securities gains                                          |   |   | 229 |   |   |   | 2 |   |   |   | 229 |   |   |   | - |   |
| Mortgage origination and servicing income                     |   |   | 652 |   |   |   | 613 |   |   |   | 193 |   |   |   | 335 |   |
| Other operating income                                        |   |   | 1,497 |   |   |   | 1,550 |   |   |   | 743 |   |   |   | 775 |   |
|      Total non-interest income       |   |   | 4,511 |   |   |   | 4,457 |   |   |   | 2,234 |   |   |   | 2,282 |   |
| Non-interest expense                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                |   |   | 6,005 |   |   |   | 5,553 |   |   |   | 2,928 |   |   |   | 2,808 |   |
| Occupancy expense                                             |   |   | 827 |   |   |   | 776 |   |   |   | 378 |   |   |   | 382 |   |
| Furniture and equipment expense                               |   |   | 1,111 |   |   |   | 1,121 |   |   |   | 561 |   |   |   | 540 |   |
| FDIC insurance premiums                                       |   |   | 806 |   |   |   | 952 |   |   |   | 405 |   |   |   | 477 |   |
| Amortization of identified intangibles                        |   |   | 141 |   |   |   | 142 |   |   |   | 70 |   |   |   | 71 |   |
| Other operating expense                                       |   |   | 3,848 |   |   |   | 3,633 |   |   |   | 1,908 |   |   |   | 1,617 |   |
|      Total non-interest expense      |   |   | 12,738 |   |   |   | 12,177 |   |   |   | 6,250 |   |   |   | 5,895 |   |
| Income before income taxes                                    |   |   | 8,401 |   |   |   | 7,758 |   |   |   | 4,207 |   |   |   | 4,244 |   |
| Applicable income taxes                                       |   |   | 2,065 |   |   |   | 1,914 |   |   |   | 1,014 |   |   |   | 1,084 |   |
| NET INCOME                                                    |   | $ | 6,336 |   |   | $ | 5,844 |   |   | $ | 3,193 |   |   | $ | 3,160 |   |
| Less dividends and amortization of premium on preferred stock |   |   | 674 |   |   |   | 674 |   |   |   | 337 |   |   |   | 337 |   |
| Net income available to common                                |   | $ | 5,662 |   |   | $ | 5,170 |   |   | $ | 2,856 |   |   | $ | 2,823 |   |
| Basic earnings per share                                      |   | $ | 0.58 |   |   | $ | 0.53 |   |   | $ | 0.29 |   |   | $ | 0.29 |   |
| Diluted earnings per share                                    |   | $ | 0.58 |   |   | $ | 0.53 |   |   | $ | 0.29 |   |   | $ | 0.29 |   |

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| The First Bancorp                            |   |
|----------------------------------------------|--------|
| Selected Financial Data (Unaudited)          |   |
|                                         |   |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Dollars in thousands,                        |   | For the six months ended |   |   | For the quarters ended |   |
| except for per share amounts                 |   | 6/30/2011 |   |   | 6/30/2010 |   |   | 6/30/2011 |   |   | 6/30/2010 |   |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Summary of Operations                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income                              |   | $ | 28,251 |   |   | $ | 28,348 |   |   | $ | 13,997 |   |   | $ | 14,215 |   |
| Interest Expense                             |   |   | 7,523 |   |   |   | 8,370 |   |   |   | 3,774 |   |   |   | 4,258 |   |
| Net Interest Income                          |   |   | 20,728 |   |   |   | 19,978 |   |   |   | 10,223 |   |   |   | 9,957 |   |
| Provision for Loan Losses                    |   |   | 4,100 |   |   |   | 4,500 |   |   |   | 2,000 |   |   |   | 2,100 |   |
| Non-Interest Income                          |   |   | 4,511 |   |   |   | 4,457 |   |   |   | 2,234 |   |   |   | 2,282 |   |
| Non-Interest Expense                         |   |   | 12,738 |   |   |   | 12,177 |   |   |   | 6,250 |   |   |   | 5,895 |   |
| Net Income                                   |   |   | 6,336 |   |   |   | 5,844 |   |   |   | 3,193 |   |   |   | 3,160 |   |
| Per Common Share Data                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic Earnings per Share                     |   | $ | 0.58 |   |   | $ | 0.53 |   |   | $ | 0.29 |   |   | $ | 0.29 |   |
| Diluted Earnings per Share                   |   |   | 0.58 |   |   |   | 0.53 |   |   |   | 0.29 |   |   |   | 0.29 |   |
| Cash Dividends Declared                      |   |   | 0.390 |   |   |   | 0.390 |   |   |   | 0.195 |   |   |   | 0.195 |   |
| Book Value per Common Share                  |   |   | 13.42 |   |   |   | 12.89 |   |   |   | 13.42 |   |   |   | 12.89 |   |
| Tangible Book Value per Common Share         |   |   | 10.60 |   |   |   | 10.05 |   |   |   | 10.60 |   |   |   | 10.05 |   |
| Market Value                                 |   |   | 14.86 |   |   |   | 13.13 |   |   |   | 14.86 |   |   |   | 13.13 |   |
| Financial Ratios                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return on Average Equity (a)                 |   |   | 9.90 | % |   |   | 9.38 | % |   |   | 9.78 | % |   |   | 10.05 | % |
| Return on Average Tangible Common Equity (a) |   |   | 11.26 | % |   |   | 10.64 | % |   |   | 11.09 | % |   |   | 11.50 | % |
| Return on Average Assets (a)                 |   |   | 0.90 | % |   |   | 0.88 | % |   |   | 0.89 | % |   |   | 0.94 | % |
| Average Equity to Average Assets             |   |   | 10.78 | % |   |   | 11.25 | % |   |   | 10.80 | % |   |   | 11.21 | % |
| Average Tangible Equity to Average Assets    |   |   | 8.84 | % |   |   | 9.18 | % |   |   | 8.88 | % |   |   | 9.15 | % |
| Net Interest Margin Tax-Equivalent (a)       |   |   | 3.31 | % |   |   | 3.41 | % |   |   | 3.22 | % |   |   | 3.35 | % |
| Dividend Payout Ratio                        |   |   | 67.24 | % |   |   | 73.58 | % |   |   | 67.24 | % |   |   | 67.24 | % |
| Allowance for Loan Losses/Total Loans        |   |   | 1.70 | % |   |   | 1.52 | % |   |   | 1.70 | % |   |   | 1.52 | % |
| Non-Performing Loans to Total Loans          |   |   | 2.49 | % |   |   | 2.53 | % |   |   | 2.49 | % |   |   | 2.53 | % |
| Non-Performing Assets to Total Assets        |   |   | 2.10 | % |   |   | 2.14 | % |   |   | 2.10 | % |   |   | 2.14 | % |
| Efficiency Ratio                             |   |   | 47.47 | % |   |   | 47.46 | % |   |   | 46.66 | % |   |   | 45.86 | % |
| At  Period End                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Assets                                 |   | $ | 1,417,690 |   |   | $ | 1,326,275 |   |   | $ | 1,417,690 |   |   | $ | 1,326,275 |   |
| Total Loans                                  |   |   | 886,929 |   |   |   | 932,010 |   |   |   | 886,929 |   |   |   | 932,010 |   |
| Total Investment Securities                  |   |   | 442,691 |   |   |   | 294,584 |   |   |   | 442,691 |   |   |   | 294,584 |   |
| Total Deposits                               |   |   | 998,838 |   |   |   | 949,501 |   |   |   | 998,838 |   |   |   | 949,501 |   |
| Total Shareholders’ Equity             |   |   | 156,210 |   |   |   | 150,445 |   |   |   | 156,210 |   |   |   | 150,445 |   |
| (a) Annualized using a 365-day basis         |   |

----

|                                |   | For the six months ended |   |   | For the quarters ended |   |
|-------------------------------------|--------|--------------------------|--------|--------|------------------------|--------|
| In thousands of dollars             |   | 6/30/2011                |   |   | 6/30/2010              |   |   | 6/30/2011 |   |   | 6/30/2010 |   |
| Net interest income as presented    |   | $                        | 20,728 |   |                   | $      | 19,978 |   |   | $ | 10,223 |   |   | $ | 9,957 |   |
| Effect of tax-exempt income         |   |                     | 1,272  |   |                   |   | 1,127 |   |   |   | 663 |   |   |   | 567 |   |
| Net interest income, tax equivalent |   | $                        | 22,000 |   |                   | $      | 21,105 |   |   | $ | 10,886 |   |   | $ | 10,524 |   |
|                                |   |                     |   |   |                   |   |   |   |   |   |   |   |   |   |   |   |

|                                                  |   | For the six months ended |   |   | For the quarters ended |   |
|-------------------------------------------------------|--------|--------------------------|--------|--------|------------------------|--------|
| In thousands of dollars                               |   | 6/30/2011                |   |   | 6/30/2010              |   |   | 6/30/2011 |   |   | 6/30/2010 |   |
| Non-interest expense, as presented                    |   | $                        | 12,738 |   |                   | $      | 12,177 |   |   | $ | 6,250 |   |   | $ | 5,895 |   |
| Net securities losses                                 |   |                     | -      |   |                   |   | - |   |   |   | - |   |   |   | - |   |
| Other than temporary impairment charge                |   |                     | -      |   |                   |   | - |   |   |   | - |   |   |   | - |   |
| Adjusted non-interest expense                         |   |                     | 12,738 |   |                   |   | 12,177 |   |   |   | 6,250 |   |   |   | 5,895 |   |
| Net interest income, as presented                     |   |                     | 20,728 |   |                   |   | 19,978 |   |   |   | 10,223 |   |   |   | 9,957 |   |
| Effect of tax-exempt income                           |   |                     | 1,272  |   |                   |   | 1,127 |   |   |   | 663 |   |   |   | 567 |   |
| Non-interest income, as presented                     |   |                     | 4,511  |   |                   |   | 4,457 |   |   |   | 2,234 |   |   |   | 2,282 |   |
| Effect of non-interest tax-exempt income              |   |                     | 94     |   |                   |   | 94 |   |   |   | 47 |   |   |   | 47 |   |
| Net securities gains                                  |   |                     | 229    |   |                   |   | 2 |   |   |   | 229 |   |   |   | - |   |
| Adjusted net interest income plus non-interest income |   | $                        | 26,834 |   |                   | $      | 25,658 |   |   | $ | 13,396 |   |   | $ | 12,853 |   |
| Non-GAAP efficiency ratio                             |   |                     | 47.47  | %      |                   |   | 47.46 | % |   |   | 46.66 | % |   |   | 45.86 | % |
| GAAP efficiency ratio                                 |   |                     | 50.47  | %      |                   |   | 49.83 | % |   |   | 50.17 | % |   |   | 48.17 | % |

|                                      |   | For the six months ended |    |   | For the quarters ended |   |
|-------------------------------------------|--------|--------------------------|---------|--------|------------------------|--------|
|  In thousands of dollars             |   | 6/30/2011                |    |   | 6/30/2010              |   |   | 6/30/2011 |   |   | 6/30/2010 |   |
| Average shareholders' equity as presented |   | $                        | 153,747 |   |                   | $      | 150,289 |   |   | $ | 155,679 |   |   | $ | 150,760 |   |
|   Less preferred stock          |   |                     | (24,705 | )      |                   |   | (24,606 | ) |   |   | (24,730 | ) |   |   | (24,631 | ) |
|   Less intangible assets        |   |                     | (27,684 | )      |                   |   | (27,684 | ) |   |   | (27,684 | ) |   |   | (27,684 | ) |
| Tangible average shareholders' equity     |   | $                        | 101,358 |   |                   | $      | 97,999 |   |   | $ | 103,265 |   |   | $ | 98,445 |   |

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