What are First Bancorp Inc's Business Segments?
Accounting standards require management to report selected financial and descriptive
information about reportable operating segments. The standards also require related
disclosures about products and services, geographic areas, and major customers.
Generally, disclosures are required for segments internally identified to evaluate
performance and resource allocation. The Company’s operations are primarily
within the banking segment, and the financial statements presented herein reflect
the results of that segment. The Company has no foreign operations or customers.
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