NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 14. STOCKHOLDERS’ EQUITY Tp rhi en chiopladl i ns og ucrocme poaf ni ny c’ so pmr ei n fcoi pr at lh ae s hs eotl sd ianrge ci novme ps tamn ye ni ts s di ni v ti dh ee nwd hs of lrloy m- o wt hnee dB ac no kn .s oRl iedgaut leadt osruyb as igdei na cr yi e Bs al inmk i. t Tt hh ee ao mr ao du vnat nocf efsu. n dDsi vt hi daet nmd apyabyemter na nt ss faerrer emd af rdoemf rtohme Bdai vn ikd et on dt hs er he coel di vi ne dg cf or ommp ai nt sy si un bt shied ifaorrymwohf idc ihv iadme nodusn, tleoda ntso, $21,747,452 for 2025 and $19,754,429 for 2024. Banking laws and regulations limit the amount of dividends that may be paid without prior approval of the rDeegcuelma tboerry 3a1g,e2n0c2y5. wUint hd et rh et hbea nmk imn iami nutma i ncianpgi ttahlegpuriedseclri ni beesd, $l e2v4e5l ,o4f1c4a, 9p6i t0a l .w a s a v a i l a b l e f o r s u c h p a y m e n t a t Legal lending limits on loans to First Bancorp, Inc. (Parent) are governed by Federal Reserve Act 23A and differ fsruormp l ul esg taol liet ns dpi anrge lni mt , ii tf s t oh ne ll oo aa nn s i tsoseexc tuerrenda. l cI fu sc tool ml a teerrsa. l Gi se ni ne rtahl el y ,f oa rbma nokf ms t oa yc kl es ,nbdounpd st o, d1e0b%e not fu irtes sc ao pr i st ai ml ai lnadr oa nb dl i gi fa toi bo lni gs ,a itti omnus sot f haa svtea taemo ar rpkoelti tvi caal ul es uwb hd ei vni st ihoen l oo ar na gi se nmcaydteh eo rf eaot fl, ei at smt u2 s0t%h amv oe rae mt haarnk et ht ev aalmu eo uo fn at to lfetahset l1o0a%n , mo ronroe ttehsa, nd rt ahfet sa, mb iol lus notf oefxtchhea lnogaen o. rI fbsaunckhel rosa’ na sc caer pe tsaenccuerse edl ibgyi bol be l fi og ra trieodniss coof ut hnet Uo rn pi tue rdc Shtaastee sb oy ra aFgeednecri ea sl Rt hees reer ov fe, Bl eanndki n, rge ql iumi ri et mf oern tFs i fros rt cBoal lnact eo rr apl’ si n seuxbcseisdsi aorf yl ooa nn al mo aonusn tt od ot hneo tPaaprpelnyt. Ui sn d$ 2e r, 0t1h4i s, 3d1e2f i nf oi tri o Dn ,etcheemc bo emr b3i n1e, d2l0e 2g a5l. SEua br ns ti na ng st i aplel yr sa hl l aur en dairvei dceodmppruot fei dt s oonf wt heei gPhatreedn ta vaerrea gr ee pnr ue sme bnet er do fb syhua nr edsi sot rui tbsut at endd ienagr no if n1g6s , 6o0f 1t h, 5e6 7S usbhsai rdei as rayt. December 31, 2025 and 16,600,369 at December 31, 2024. On April 15 th 2024, the Company’s Board approved a two-for-one stock split to shareholders of record as of May 31, 2024. Ta gheenCc ioems . p Fa aniyl u, irnectl ou dmi nege tt hmei nBiamnukm, i sc as up bi tjaelcrt etqouvi raermi o euns trsecgaunl ai tnoi rt iya tcea pc ei tratla ri ne qmu ai rnedma et onrtys abny dt hpeo svsai rbiloeuasdbdai tni ko innagl df i insac nr ec ti ai ol nsat ar yt eamc tei no tnss. bUy nrde eg ru lcaat po irtsa tl haadt e, iqf uuancdy e gr ut ai kd ee nl i ,nceosual dn dh at vh ee ar emg autl ea rt oi arlye ff freacmt eo wn ot hr ke Cf oormppraonmy p’ st acnodr rBeacnt ikv’ es al i catbi oi l ni t,i tehs eaCnodmcpe ar tnayi na nodf f t- hb ea lBa annc ek -ms hueset t mi teeemt ss paesc icf ai cl cguul iadt ee ldi nuens dt he ra triengvuol lavteo rqyu aanc ct iot au tni vt ien mg ep ar as uc triec se so. f tTh he ier ca as ps ei ttas l, af amc toour ns .t sQauraenatlist oa tsi vu eb jme cetatsou qr eu sa lei st at at ibvl ei sjhueddg mb ye rnet gs ublya tt ihoen rteog eunl as tuorres caabpoi ut at l caodme qp uo anceyn rt se ,qrui si rkewt he ei gchot mi n pg sa ,nayn adnodt ht he er Bd eafni nk etdo imn atihnet a irne gmu li anti imo nusm) at om roius kn-tws ae ni gdh treadt i oass s(es test f(oarst hd ei nf i nt he de )f. oAl l so wo if nDg etcaebml eb) eorf 3t o1t,a 2l 0a n2 d5 , Ttiheer 1mcoaspt i rt aelc e( anst nt hoet i fri ceagtui ol ant of rroy mf rtahme ef ewdoerrka l bf oarn kpirnogma pg et nccoi er sr eccattievgeo raicztei od nt .h e TC ho emrpe a na ryea nndo t hc eo nBdaint iko na ss “ wo re lel vc ae pn ittsa lsi zi ne cde” utnhde es er notifications that management believes have changed the institution’s categories.
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