----

| The First Bancorp                                              |   |
|----------------------------------------------------------------|--------|
| Consolidated Balance Sheets (Unaudited)                        |   |
|                                                           |   |  |   |   |  |   |   |  |   |
| In thousands of dollars                                        |   | 6/30/2012 |   |   | 12/31/2011 |   |   | 6/30/2011 |   |
| Assets                                                         |   |  |   |   |  |   |   |  |   |
| Cash and due from banks                                        |   | $ | 14,192 |   |   | $ | 14,115 |   |   | $ | 14,322 |   |
| Interest-bearing deposits in other banks                       |   |   | - |   |   |   | - |   |   |   | 100 |   |
| Securities available for sale                                  |   |   | 307,347 |   |   |   | 286,202 |   |   |   | 304,278 |   |
| Securities to be held to maturity                              |   |   | 135,775 |   |   |   | 122,661 |   |   |   | 122,970 |   |
| Federal Home Loan Bank and Federal Reserve Bank stock, at cost |   |   | 14,448 |   |   |   | 15,443 |   |   |   | 15,443 |   |
| Loans held for sale                                            |   |   | 378 |   |   |   | - |   |   |   | 419 |   |
| Loans                                                          |   |   | 881,814 |   |   |   | 864,988 |   |   |   | 886,929 |   |
| Less allowance for loan losses                                 |   |   | 14,384 |   |   |   | 13,000 |   |   |   | 15,034 |   |
| Net loans                                                      |   |   | 867,430 |   |   |   | 851,988 |   |   |   | 871,895 |   |
| Accrued interest receivable                                    |   |   | 6,024 |   |   |   | 4,835 |   |   |   | 6,511 |   |
| Premises and equipment                                         |   |   | 18,500 |   |   |   | 18,842 |   |   |   | 18,351 |   |
| Other real estate owned                                        |   |   | 5,188 |   |   |   | 4,094 |   |   |   | 7,723 |   |
| Goodwill                                                       |   |   | 27,684 |   |   |   | 27,684 |   |   |   | 27,684 |   |
| Other assets                                                   |   |   | 27,791 |   |   |   | 27,003 |   |   |   | 27,994 |   |
| Total assets                                                   |   | $ | 1,424,757 |   |   | $ | 1,372,867 |   |   | $ | 1,417,690 |   |
| Liabilities                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                                |   | $ | 77,019 |   |   | $ | 75,750 |   |   | $ | 71,517 |   |
| NOW deposits                                                   |   |   | 123,897 |   |   |   | 122,775 |   |   |   | 117,064 |   |
| Money market deposits                                          |   |   | 71,009 |   |   |   | 79,015 |   |   |   | 69,681 |   |
| Savings deposits                                               |   |   | 119,471 |   |   |   | 114,617 |   |   |   | 107,278 |   |
| Certificates of deposit                                        |   |   | 239,635 |   |   |   | 216,836 |   |   |   | 279,567 |   |
| Certificates $100,000 to $250,000                              |   |   | 313,742 |   |   |   | 309,841 |   |   |   | 319,122 |   |
| Certificates $250,000 and over                                 |   |   | 60,501 |   |   |   | 22,499 |   |   |   | 34,609 |   |
| Total deposits                                                 |   |   | 1,005,274 |   |   |   | 941,333 |   |   |   | 998,838 |   |
| Borrowed funds                                                 |   |   | 248,926 |   |   |   | 265,663 |   |   |   | 249,336 |   |
| Other liabilities                                              |   |   | 17,152 |   |   |   | 15,013 |   |   |   | 13,306 |   |
| Total Liabilities                                              |   |   | 1,271,352 |   |   |   | 1,222,009 |   |   |   | 1,261,480 |   |
| Shareholders' equity                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred stock                                                |   |   | 12,352 |   |   |   | 12,303 |   |   |   | 24,754 |   |
| Common stock                                                   |   |   | 98 |   |   |   | 98 |   |   |   | 98 |   |
| Additional paid-in capital                                     |   |   | 46,110 |   |   |   | 45,829 |   |   |   | 45,629 |   |
| Retained earnings                                              |   |   | 87,396 |   |   |   | 85,314 |   |   |   | 83,594 |   |
| Net unrealized gain on securities available-for-sale           |   |   | 7,526 |   |   |   | 7,401 |   |   |   | 2,198 |   |
| Net unrealized loss on postretirement benefit costs            |   |   | (77 | ) |   |   | (87 | ) |   |   | (63 | ) |
| Total shareholders' equity                                     |   |   | 153,405 |   |   |   | 150,858 |   |   |   | 156,210 |   |
| Total liabilities & shareholders' equity                   |   | $ | 1,424,757 |   |   | $ | 1,372,867 |   |   | $ | 1,417,690 |   |
| Common Stock                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Number of shares authorized                                    |   |   | 18,000,000 |   |   |   | 18,000,000 |   |   |   | 18,000,000 |   |
| Number of shares issued and outstanding                        |   |   | 9,847,159 |   |   |   | 9,812,180 |   |   |   | 9,793,706 |   |
| Book value per common share                                    |   | $ | 14.32 |   |   | $ | 14.12 |   |   | $ | 13.42 |   |
| Tangible book value per common share                           |   | $ | 11.51 |   |   | $ | 11.30 |   |   | $ | 10.60 |   |

----

| The First Bancorp                                                      |   |
|------------------------------------------------------------------------|--------|
| Consolidated Statements of Income and Comprehensive Income (Unaudited) |   |
|                                                                        |   |
|                                                                   |   | For the six months ended |   |   | For the quarters ended |   |
| In thousands of dollars, except per share data                         |   | 6/30/2012 |   |   | 6/30/2011 |   |   | 6/30/2012 |   |   | 6/30/2011 |   |
| Interest income                                                        |   |  |   |   |  |   |   |  |   |   |  |   |
| Interest and fees on loans                                             |   | $ | 18,759 |   |   | $ | 20,128 |   |   | $ | 9,367 |   |   | $ | 9,955 |   |
| Interest on deposits with other banks                                  |   |   | 1 |   |   |   | 3 |   |   |   | 1 |   |   |   | 1 |   |
| Interest and dividends on investments                                  |   |   | 7,479 |   |   |   | 8,120 |   |   |   | 3,765 |   |   |   | 4,041 |   |
|      Total interest income                    |   |   | 26,239 |   |   |   | 28,251 |   |   |   | 13,133 |   |   |   | 13,997 |   |
| Interest expense                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                                   |   |   | 4,297 |   |   |   | 5,081 |   |   |   | 2,104 |   |   |   | 2,518 |   |
| Interest on borrowed funds                                             |   |   | 2,218 |   |   |   | 2,442 |   |   |   | 1,111 |   |   |   | 1,256 |   |
|      Total interest expense                   |   |   | 6,515 |   |   |   | 7,523 |   |   |   | 3,215 |   |   |   | 3,774 |   |
| Net interest income                                                    |   |   | 19,724 |   |   |   | 20,728 |   |   |   | 9,918 |   |   |   | 10,223 |   |
| Provision for loan losses                                              |   |   | 4,900 |   |   |   | 4,100 |   |   |   | 2,800 |   |   |   | 2,000 |   |
| Net interest income after provision for loan losses                    |   |   | 14,824 |   |   |   | 16,628 |   |   |   | 7,118 |   |   |   | 8,223 |   |
| Non-interest income                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment management and fiduciary income                             |   |   | 844 |   |   |   | 782 |   |   |   | 448 |   |   |   | 358 |   |
| Service charges on deposit accounts                                    |   |   | 1,351 |   |   |   | 1,351 |   |   |   | 713 |   |   |   | 711 |   |
| Net securities gains                                                   |   |   | 1,967 |   |   |   | 229 |   |   |   | 1,444 |   |   |   | 229 |   |
| Mortgage origination and servicing income                              |   |   | 304 |   |   |   | 652 |   |   |   | 460 |   |   |   | 193 |   |
| Other operating income                                                 |   |   | 1,598 |   |   |   | 1,497 |   |   |   | 831 |   |   |   | 743 |   |
|      Total non-interest income                |   |   | 6,064 |   |   |   | 4,511 |   |   |   | 3,896 |   |   |   | 2,234 |   |
| Non-interest expense                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                         |   |   | 6,202 |   |   |   | 6,005 |   |   |   | 3,118 |   |   |   | 2,928 |   |
| Occupancy expense                                                      |   |   | 819 |   |   |   | 827 |   |   |   | 405 |   |   |   | 378 |   |
| Furniture and equipment expense                                        |   |   | 1,123 |   |   |   | 1,111 |   |   |   | 550 |   |   |   | 561 |   |
| FDIC insurance premiums                                                |   |   | 606 |   |   |   | 806 |   |   |   | 305 |   |   |   | 405 |   |
| Net securities losses                                                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Other than temporary impairment charge                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Amortization of identified intangibles                                 |   |   | 141 |   |   |   | 141 |   |   |   | 70 |   |   |   | 70 |   |
| Other operating expense                                                |   |   | 4,017 |   |   |   | 3,848 |   |   |   | 2,282 |   |   |   | 1,908 |   |
|      Total non-interest expense               |   |   | 12,908 |   |   |   | 12,738 |   |   |   | 6,730 |   |   |   | 6,250 |   |
| Income before income taxes                                             |   |   | 7,980 |   |   |   | 8,401 |   |   |   | 4,284 |   |   |   | 4,207 |   |
| Applicable income taxes                                                |   |   | 1,744 |   |   |   | 2,065 |   |   |   | 961 |   |   |   | 1,014 |   |
| Net Income                                                             |   | $ | 6,236 |   |   | $ | 6,336 |   |   | $ | 3,323 |   |   | $ | 3,193 |   |
| Basic earnings per share                                               |   | $ | 0.60 |   |   | $ | 0.58 |   |   | $ | 0.32 |   |   | $ | 0.29 |   |
| Diluted earnings per share                                             |   | $ | 0.60 |   |   | $ | 0.58 |   |   | $ | 0.32 |   |   | $ | 0.29 |   |
| Other comprehensive income, net of tax                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net unrealized loss on securities available for sale, net of           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| tax benefit of $68 in 2012 and taxes of $363 in 2011                   |   |   | 125 |   |   |   | 668 |   |   |   | 125 |   |   |   | 668 |   |
| Unrecognized transition obligation for postretirement                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| benefits, net of taxes of $5 in 2012 and $2 in 2011                    |   |   | 10 |   |   |   | 10 |   |   |   | 5 |   |   |   | 5 |   |
|      Other comprehensive income               |   |   | 135 |   |   |   | 678 |   |   |   | 130 |   |   |   | 673 |   |
| Comprehensive income                                                   |   | $ | 6,371 |   |   | $ | 7,014 |   |   | $ | 3,453 |   |   | $ | 3,866 |   |

----

| The First Bancorp                                                      |   |
|------------------------------------------------------------------------|--------|
| Selected Financial Data (Unaudited)                                    |   |
|                                                                        |   |
|                                                                   |   |  |   |   |  |   |   |  |   |   |  |   |
| Dollars in thousands,                                                  |   | For the six months ended |   |   | For the quarters ended |   |
| except for per share amounts                                           |   | 6/30/2012 |   |   | 6/30/2011 |   |   | 6/30/2012 |   |   | 6/30/2011 |   |
|                                                                   |   |  |   |   |  |   |   |  |   |   |  |   |
| Summary of Operations                                                  |   |  |   |   |  |   |   |  |   |   |  |   |
| Interest Income                                                        |   | $ | 26,239 |   |   | $ | 28,251 |   |   | $ | 13,133 |   |   | $ | 13,997 |   |
| Interest Expense                                                       |   |   | 6,515 |   |   |   | 7,523 |   |   |   | 3,215 |   |   |   | 3,774 |   |
| Net Interest Income                                                    |   |   | 19,724 |   |   |   | 20,728 |   |   |   | 9,918 |   |   |   | 10,223 |   |
| Provision for Loan Losses                                              |   |   | 4,900 |   |   |   | 4,100 |   |   |   | 2,800 |   |   |   | 2,000 |   |
| Non-Interest Income                                                    |   |   | 6,064 |   |   |   | 4,511 |   |   |   | 3,896 |   |   |   | 2,234 |   |
| Non-Interest Expense                                                   |   |   | 12,908 |   |   |   | 12,738 |   |   |   | 6,730 |   |   |   | 6,250 |   |
| Net Income                                                             |   |   | 6,236 |   |   |   | 6,336 |   |   |   | 3,323 |   |   |   | 3,193 |   |
| Per Common Share Data                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic Earnings per Share                                               |   | $ | 0.60 |   |   | $ | 0.58 |   |   | $ | 0.32 |   |   | $ | 0.29 |   |
| Diluted Earnings per Share                                             |   |   | 0.60 |   |   |   | 0.58 |   |   |   | 0.32 |   |   |   | 0.29 |   |
| Cash Dividends Declared                                                |   |   | 0.390 |   |   |   | 0.390 |   |   |   | 0.195 |   |   |   | 0.195 |   |
| Book Value per Common Share                                            |   |   | 14.32 |   |   |   | 13.42 |   |   |   | 14.32 |   |   |   | 13.42 |   |
| Tangible Book Value per Common Share                                   |   |   | 11.51 |   |   |   | 10.60 |   |   |   | 11.51 |   |   |   | 10.60 |   |
| Market Value                                                           |   |   | 17.00 |   |   |   | 14.86 |   |   |   | 17.00 |   |   |   | 14.86 |   |
| Financial Ratios                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return on Average Equity (a)                                           |   |   | 8.84 | % |   |   | 9.90 | % |   |   | 9.38 | % |   |   | 9.78 | % |
| Return on Average Tangible Common Equity (a)                           |   |   | 10.34 | % |   |   | 11.26 | % |   |   | 11.01 | % |   |   | 11.09 | % |
| Return on Average Assets (a)                                           |   |   | 0.88 | % |   |   | 0.90 | % |   |   | 0.93 | % |   |   | 0.89 | % |
| Average Equity to Average Assets                                       |   |   | 10.84 | % |   |   | 10.78 | % |   |   | 10.73 | % |   |   | 10.80 | % |
| Average Tangible Equity to Average Assets                              |   |   | 8.89 | % |   |   | 8.84 | % |   |   | 8.81 | % |   |   | 8.88 | % |
| Net Interest Margin Tax-Equivalent (a)                                 |   |   | 3.19 | % |   |   | 3.31 | % |   |   | 3.16 | % |   |   | 3.22 | % |
| Dividend Payout Ratio                                                  |   |   | 65.00 | % |   |   | 67.24 | % |   |   | 60.94 | % |   |   | 67.24 | % |
| Allowance for Loan Losses/Total Loans                                  |   |   | 1.63 | % |   |   | 1.70 | % |   |   | 1.63 | % |   |   | 1.70 | % |
| Non-Performing Loans to Total Loans                                    |   |   | 2.49 | % |   |   | 2.49 | % |   |   | 2.49 | % |   |   | 2.49 | % |
| Non-Performing Assets to Total Assets                                  |   |   | 1.91 | % |   |   | 2.10 | % |   |   | 1.91 | % |   |   | 2.10 | % |
| Efficiency Ratio                                                       |   |   | 50.74 | % |   |   | 48.29 | % |   |   | 51.06 | % |   |   | 48.31 | % |
| At  Period End                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Assets                                                           |   | $ | 1,424,757 |   |   | $ | 1,417,690 |   |   | $ | 1,424,757 |   |   | $ | 1,417,690 |   |
| Total Loans                                                            |   |   | 881,814 |   |   |   | 886,929 |   |   |   | 881,814 |   |   |   | 886,929 |   |
| Total Investment Securities                                            |   |   | 457,570 |   |   |   | 442,691 |   |   |   | 457,570 |   |   |   | 442,691 |   |
| Total Deposits                                                         |   |   | 1,005,274 |   |   |   | 998,838 |   |   |   | 1,005,274 |   |   |   | 998,838 |   |
| Total Shareholders' Equity                                             |   |   | 153,405 |   |   |   | 156,210 |   |   |   | 153,405 |   |   |   | 156,210 |   |
| (a) Annualized using a 366-day basis in 2012 and 365-day basis in 2011 |   |

----

|                                |   | For the six months ended |   |   | For the quarters ended |   |
|-------------------------------------|--------|--------------------------|--------|--------|------------------------|--------|
| In thousands of dollars             |   | 6/30/2012                |   |   | 6/30/2011              |   |   | 6/30/2012 |   |   | 6/30/2011 |   |
| Net interest income as presented    |   | $                        | 19,724 |   |                   | $      | 20,728 |   |   | $ | 9,918 |   |   | $ | 10,223 |   |
| Effect of tax-exempt income         |   |                     | 1,527  |   |                   |   | 1,272 |   |   |   | 763 |   |   |   | 663 |   |
| Net interest income, tax equivalent |   | $                        | 21,251 |   |                   | $      | 22,000 |   |   | $ | 10,681 |   |   | $ | 10,886 |   |
|                                                  |   | For the six months ended |   |   | For the quarters ended |   |
|-------------------------------------------------------|--------|--------------------------|--------|--------|------------------------|--------|
| In thousands of dollars                               |   | 6/30/2012                |   |   | 6/30/2011              |   |   | 6/30/2012 |   |   | 6/30/2011 |   |
| Non-interest expense, as presented                    |   | $                        | 12,908 |   |                   | $      | 12,738 |   |   | $ | 6,730 |   |   | $ | 6,250 |   |
| Net securities losses                                 |   |                     | -      |   |                   |   | - |   |   |   | - |   |   |   | - |   |
| Other than temporary impairment charge                |   |                     | -      |   |                   |   | - |   |   |   | - |   |   |   | - |   |
| Adjusted non-interest expense                         |   |                     | 12,908 |   |                   |   | 12,738 |   |   |   | 6,730 |   |   |   | 6,250 |   |
| Net interest income, as presented                     |   |                     | 19,724 |   |                   |   | 20,728 |   |   |   | 9,918 |   |   |   | 10,223 |   |
| Effect of tax-exempt income                           |   |                     | 1,527  |   |                   |   | 1,272 |   |   |   | 763 |   |   |   | 663 |   |
| Non-interest income, as presented                     |   |                     | 6,064  |   |                   |   | 4,511 |   |   |   | 3,896 |   |   |   | 2,234 |   |
| Effect of non-interest tax-exempt income              |   |                     | 91     |   |                   |   | 94 |   |   |   | 48 |   |   |   | 47 |   |
| Net securities gains                                  |   |                     | (1,967 | )      |                   |   | (229 | ) |   |   | (1,444 | ) |   |   | (229 | ) |
| Adjusted net interest income plus non-interest income |   | $                        | 25,439 |   |                   | $      | 26,376 |   |   | $ | 13,181 |   |   | $ | 12,938 |   |
| Non-GAAP efficiency ratio                             |   |                     | 50.74  | %      |                   |   | 48.29 | % |   |   | 51.06 | % |   |   | 48.31 | % |
| GAAP efficiency ratio                                 |   |                     | 50.05  | %      |                   |   | 50.47 | % |   |   | 48.72 | % |   |   | 50.17 | % |
|                                      |   | For the six months ended |    |   | For the quarters ended |   |
|-------------------------------------------|--------|--------------------------|---------|--------|------------------------|--------|
| In thousands of dollars                   |   | 6/30/2012                |    |   | 6/30/2011              |   |   | 6/30/2012 |   |   | 6/30/2011 |   |
| Average shareholders' equity as presented |   | $                        | 154,188 |   |                   | $      | 153,747 |   |   | $ | 154,832 |   |   | $ | 155,679 |   |
|   Less preferred stock          |   |                     | (12,317 | )      |                   |   | (24,705 | ) |   |   | (12,329 | ) |   |   | (24,730 | ) |
|   Less intangible assets        |   |                     | (27,684 | )      |                   |   | (27,684 | ) |   |   | (27,684 | ) |   |   | (27,684 | ) |
| Tangible average shareholders' equity     |   | $                        | 114,187 |   |                   | $      | 101,358 |   |   | $ | 114,819 |   |   | $ | 103,265 |   |