FNLC — what changed in the latest 10-Q
A section-by-section comparison of FNLC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −27 | ~60 | 53 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 6 |
| Controls & procedures | Text added/removed | +91 | −55 | ~147 | 201 |
| Legal proceedings | Text added/removed | +91 | −55 | ~145 | 197 |
| Risk factors | Text added/removed | +91 | −55 | ~145 | 197 |
| Other information | Text added/removed | +91 | −55 | ~145 | 196 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
For the six months ended June 30,For the quarter ended June 30,
For the six months ended June 30,For the quarter ended June 30,
Net income for the six months ended June 30, 2026 was $18.6 million, up $3.4 million or 22.5% from the same period in 2025. Earnings per common share on a fully diluted basis were $1.65 for the six months ended June 30, 2026, up $0.29 or 22.0% from the $1.35 posted for the same period in 2025. Divid…
For the quarter ended June 30, 2026, net income was $9.6 million, up $1.5 million or 18.6% from the same period in 2025. Earnings per common share on a fully diluted basis were $0.85 for the quarter ended June 30, 2026, up $0.13 or 17.8% from the $0.72 posted for the same period in 2025.
Net interest income on a tax-equivalent basis was up $5.6 million or 14.8% in the six months ended June 30, 2026 compared to the same period in 2025. The tax equivalent net interest margin for the six months ended June 30, 2026, was 2.87%, up from 2.50% for the same period in 2025. The period-to-per…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Adjusted net interest income plus non-interest income$25,868 $22,560
Average tangible shareholders' common equity$257,786 $227,006
Net income for the three months ended March 31, 2026 was $9.0 million, up $1.9 million or 27.1% from the same period in 2025. Earnings per common share on a fully diluted basis were $0.80 for the three months ended March 31, 2026, up $0.17 or 26.8% from the $0.63 posted for the same period in 2025. …
Net interest income on a tax-equivalent basis was up $2.8 million or 15.4% in the three months ended March 31, 2026 compared to the same period in 2025. The tax equivalent net interest margin for the three months ended March 31, 2026, was 2.86%, up from 2.48% for the same period in 2025. The period-…
margin is attributable to favorable changes on both sides of the balance sheet as an increase in tax equivalent yield on earning assets was coupled with decrease in the cost of total liabilities.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-07
As of and for the six months ended June 30,As of and for the quarter ended June 30,
For the six months ended June 30,For the quarter ended June 30,
Net unrealized (loss) gain on hedging derivative instruments— (73,000)— 2,000
Net unrealized gain on securities transferred from available for sale to held to maturity, net of tax— — — 6,000 6,000
Net unrealized loss on securities transferred from available for sale to held to maturity, net of tax— — — (15,000)(15,000)
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Credit loss (reduction) expense - debt securities HTM(1,000)1,000
Credit loss reduction - off-balance sheet credit exposures(29,000)(5,000)
Net interest income after provision for credit losses20,069,000 17,407,000
Investment management and fiduciary income1,486,000 1,317,000
Mortgage origination and servicing income, net of amortization176,000 195,000
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-07
As of and for the six months ended June 30,As of and for the quarter ended June 30,
For the six months ended June 30,For the quarter ended June 30,
Net unrealized (loss) gain on hedging derivative instruments— (73,000)— 2,000
Net unrealized gain on securities transferred from available for sale to held to maturity, net of tax— — — 6,000 6,000
Net unrealized loss on securities transferred from available for sale to held to maturity, net of tax— — — (15,000)(15,000)
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Credit loss (reduction) expense - debt securities HTM(1,000)1,000
Credit loss reduction - off-balance sheet credit exposures(29,000)(5,000)
Net interest income after provision for credit losses20,069,000 17,407,000
Investment management and fiduciary income1,486,000 1,317,000
Mortgage origination and servicing income, net of amortization176,000 195,000
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-07
As of and for the six months ended June 30,As of and for the quarter ended June 30,
For the six months ended June 30,For the quarter ended June 30,
Net unrealized (loss) gain on hedging derivative instruments— (73,000)— 2,000
Net unrealized gain on securities transferred from available for sale to held to maturity, net of tax— — — 6,000 6,000
Net unrealized loss on securities transferred from available for sale to held to maturity, net of tax— — — (15,000)(15,000)
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Credit loss (reduction) expense - debt securities HTM(1,000)1,000
Credit loss reduction - off-balance sheet credit exposures(29,000)(5,000)
Net interest income after provision for credit losses20,069,000 17,407,000
Investment management and fiduciary income1,486,000 1,317,000
Mortgage origination and servicing income, net of amortization176,000 195,000
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-07
As of and for the six months ended June 30,As of and for the quarter ended June 30,
For the six months ended June 30,For the quarter ended June 30,
Net unrealized (loss) gain on hedging derivative instruments— (73,000)— 2,000
Net unrealized gain on securities transferred from available for sale to held to maturity, net of tax— — — 6,000 6,000
Net unrealized loss on securities transferred from available for sale to held to maturity, net of tax— — — (15,000)(15,000)
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Credit loss (reduction) expense - debt securities HTM(1,000)1,000
Credit loss reduction - off-balance sheet credit exposures(29,000)(5,000)
Net interest income after provision for credit losses20,069,000 17,407,000
Investment management and fiduciary income1,486,000 1,317,000
Mortgage origination and servicing income, net of amortization176,000 195,000
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice