DAMARISCOTTA – First National Lincoln Corp. (Nasdaq NM: FNLC) announced earnings per share of 58 cents on a fully diluted basis for the quarter that ended June 30, a 23.4 percent increase over last year’s second quarter earnings per share of 47 cents. Net income for the quarter ended June 30 at $1,431,000, up 22 percent from last year’s second quarter net income of $1,173,000. These were new quarterly records for earnings per share and net income.

The company also announced earnings per share of $1.08 on a fully diluted basis for the six months that ended June 30, an increase of 16.1 percent over the 93 cent share reported for the first six months of 2000. Net income for the six months ended June 30 was $2,637,000, an increase of $352,000 or 15.4 percent over the $2,285,000 posted in 2000. Both earnings per share and net income reported by the company for the first six months set new records in 2001.

Total assets were $418.8 million at June 30, an increase of 15 percent over June 30, 2000. Loans totaled $282.4 million, up 11.9 percent, while investments increased by 25.1 percent to $111.1 million. Deposits of $281.4 million were up 27 percent over the prior year. As of June 30, First National Lincoln Corp. had total equity of $35.2 million, an increase of 16 percent or $4.9 million over June 30, 2000.