Annual Interest Expense in USD from 2010 to 2023

Taxonomy & unit: us-gaap: USD
Description: Amount of the cost of borrowed funds accounted for as interest expense.
Summary: First Bancorp, Inc /ME/ quarterly/annual Interest Expense history and growth rate from 2010 to 2023.
First Bancorp, Inc /ME/ Interest Expense for the quarter ending March 31, 2024 was $20.1M, a 75.8% increase year-over-year.
First Bancorp, Inc /ME/ Interest Expense for the twelve months ending March 31, 2024 was $71.6M, a 171% increase year-over-year.
First Bancorp, Inc /ME/ annual Interest Expense for 2023 was $63M, a 273% increase from 2022.
First Bancorp, Inc /ME/ annual Interest Expense for 2022 was $16.9M, a 56.5% increase from 2021.
First Bancorp, Inc /ME/ annual Interest Expense for 2021 was $10.8M, a 37.6% decline from 2020.

Interest Expense, Trailing 12 Months (USD)

Interest Expense, Annual (USD)

Interest Expense, YoY Annual Growth (%)

Period	Value	YoY Chg	Change %	Start Date	End Date	Report	Filed
2023	$63M	+$46.1M	+273%	Jan 1, 2023	Dec 31, 2023	10-K	2024-03-08
2022	$16.9M	+$6.09M	+56.5%	Jan 1, 2022	Dec 31, 2022	10-K	2024-03-08
2021	$10.8M	-$6.51M	-37.6%	Jan 1, 2021	Dec 31, 2021	10-K	2024-03-08
2020	$17.3M	-$8.87M	-33.9%	Jan 1, 2020	Dec 31, 2020	10-K	2023-03-10
2019	$26.2M	+$5.82M	+28.6%	Jan 1, 2019	Dec 31, 2019	10-K	2022-03-11
2018	$20.3M	+$6.81M	+50.3%	Jan 1, 2018	Dec 31, 2018	10-K	2021-03-05
2017	$13.5M	+$2.72M	+25.1%	Jan 1, 2017	Dec 31, 2017	10-K	2020-03-06
2016	$10.8M	+$938K	+9.5%	Jan 1, 2016	Dec 31, 2016	10-K	2019-03-08
2015	$9.87M	-$1.55M	-13.6%	Jan 1, 2015	Dec 31, 2015	10-K	2018-03-14
2014	$11.4M	-$1.07M	-8.57%	Jan 1, 2014	Dec 31, 2014	10-K	2017-03-10
2013	$12.5M	-$442K	-3.42%	Jan 1, 2013	Dec 31, 2013	10-K	2016-03-11
2012	$12.9M	-$1.77M	-12%	Jan 1, 2012	Dec 31, 2012	10-K	2015-03-13
2011	$14.7M	-$1.96M	-11.8%	Jan 1, 2011	Dec 31, 2011	10-K	2014-03-14
2010	$16.7M			Jan 1, 2010	Dec 31, 2010	10-K	2013-03-08

* An asterisk sign (*) next to the value indicates that the value is likely invalid.