The First Bancorp, parent company of First National Bank, has announced operating results for the three months ended March 31. Net income was $4.6 million, up $134,000, or 3.0 percent, from the first three months of 2016 and earnings per common share on a fully diluted basis of $0.43 were up $0.01, or 2.4 percent from the same period in 2016.

“This was the best quarter in the company’s history,” Tony C. McKim, president and chief executive officer, observed. “The spread business — what we earn on loans and investments less what we pay for funding — remains our core business, and increased net interest income resulting from strong growth in earning assets continues to drive our performance.

"In addition, we achieved these record quarterly earnings without relying on securities gains, compared to $536,000 of gains in the first quarter of 2016. We maintained the dividend at 23 cents per share in the first quarter and we continue to pay out more than half of our net income to our shareholders in the form of cash dividends."