NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 23. PARENT COMPANY FINANCIAL INFORMATION Condensed financial information of First Bancorp, Inc. (Parent Company) is presented below: BALANCE SHEETS
2024
December 31,
2025
ASSETS Cash and noninterest-bearing deposits in banks Investments in subsidiary, at equity Other assets
$ 3,425,021 $ 1,461,772 406,010,602 363,377,522 70,500 77,550 $ 409,506,123 $ 364,916,844 $ 19,314 $ 21,438 Ǧ 19,314
LIABILITIES Accrued interest Notes payable
-
21,438 9,500,000 10,524,640 248,040 350,823,451 (4,580,507) (1,620,218)
TRUST PREFERRED SECURITIES STOCKHOLDERS’ EQUITY Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Treasury stock at cost (11,253 shares at 2025 and 15,916 shares at 2024)
9,500,000
10,524,640 248,040 393,322,413 (2,321,269)
(1,787,015) 399,986,809 355,395,406 $ 409,506,123 $ 364,916,844
2025 Annual Report | 56
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